CHICAGO, Jul 26, 2021 / PRNewswire / – Trilogy Real Estate Group, and Chicagoreal estate investment, management and development company announced today the acquisition of Park 205, a luxury residential complex in Park Ridge, Illinois, suburb Chicago…
“Our multi-cycle investing experience combined with the volume of our platform allows us to uniquely identify opportunities like Park 205,” said Trilogy’s chief investment officer. Jesse Karasik… “Strong suburban units of the type Park Ridge are of great interest. The Park 205 is a boutique hotel that has been very modernized to provide long-term differentiation. ”
The property is located at 205 Touhy Avenue and offers 115 one-, two- and three-bedroom apartment buildings. Spacious apartments with stylish hardwood or vinyl flooring, granite countertops, kitchen islands with dining area, washer and dryer, and walk-in closets. Residents enjoy first-class amenities including a fitness center, heated pool and sun deck, poolside grills, shared fire pit, controlled access gates, and temperature-controlled covered parking.
Park 205 is strategically located next to Whole Foods and within walking distance of the vibrant Uptown area with its many shopping, dining, cultural and entertainment options. Residents traveling to work have access to the Park Ridge Metra, which provides direct and efficient access to the city center. Chicago employment. The community’s appeal is further enhanced by its proximity to Maine High School, which ranks in the top 4% of high schools in the nation.
The property will be managed by Trilogy Residential Management, Trilogy’s leading property management company for eight consecutive years.
Since 2002, Trilogy executives have completed over $ 4 billion by the volume of transactions, including $ 670 million acquisition and financing transactions in 2020. Besides Park 205, Trilogy also owns an apartment building in the adjacent Skokie…
About Trilogy Real Estate Group
Trilogy Real Estate Group is a vertically integrated real estate investment and property management company specializing in apartment buildings and commercial real estate. Trilogy has been recognized as one of the leading property management companies for 8 consecutive years and is rated ‘A’ on the epIQ. Since 2002, Trilogy executives have completed over $ 4 billion in the volume of the transaction. Trilogy has been tested in multiple real estate cycles and continually attracts and manages attractive real estate investments in major markets around United States…
SOURCE Trilogy Real Estate Group