CHICAGO, IL--(October 20, 2016) – Frontline Real Estate Partners has closed the sale of a portfolio of three multifamily buildings on Chicago's north side. The portfolio, which totaled 232 apartments and eight storefronts, was sold for $13,500,000. After multiple offers were procured, the property went under contract and closed within 33 days thereafter. Frontline represented a bank client on the sale and sold the portfolio to a local real estate company.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.