Greystar offloads 295-unit Elan Yorktown apartments for $99M ($335k/unit) to RPM, MetLife as adjacent mall faces foreclosure

  • 8/24/2026

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Highlights
Greystar sold the 295-unit Elan Yorktown apartment complex in Lombard for $99 million to a venture of RPM Living and New York Life.
The sale follows the recent default of the adjacent Yorktown Center Mall on a $107 million debt package after failing to repay the loan at its June 2026 maturity date.
Despite the mall's struggles, the Chicago suburban multifamily market remains active, with a recent report finding a 67 percent year-over-year increase in sales volume during the second quarter of 2026.

Greystar
David Reid | Senior Managing Director-US Central Development
RPM Living
Ron Bonneau | Partner, Head of Acquisitions
Greystar
Cliff Chandler | Senior Managing Director-Student & Central Region
MetLife Investment Management
Todd Morefield | Director-Acquisitions & Joint Ventures
MetLife Investment Management
Chris Aiken | Head of Acquisitions-Real Estate Group

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