Lead equity investor in ground-up 294-unit multifamily development by Smithfield, located at Chicago Ave and LaSalle St in River North neighborhood of Chicago

Walking distance to Loop, Michigan Avenue and within 700 feet of two of the busiest stops in the CTA rail system (Walk Score of 98/100); project received transit-oriented designation significantly reducing the required number of parking spaces, mitigating construction cost

Unique unit mix of entirely studios and one-bedroom floorplans slightly smaller than market average enabled pro forma average monthly rents to be approximately 20% less than competitive properties, expanding the pool of potential tenants

Rapid lease-up at lease rates substantially exceeding pro forma