Woodland Creek (Sold)

Moran & Company is pleased to announce an exclusive listing for the sale of Woodland Creek Apartments, a 640-unit luxury apartment community located in Wheeling, Illinois. Woodland Creek's eight five-story condominium quality elevator buildings are situated on a 52-acre park-like site and offer residents an unmatched amenities package - including an 8-acre lake, wooded walking trails, a baseball field, tennis courts, three swimming pools and a state-of-the-art health club. This expansive resort style community, located within two miles of Interstate 294 (the primary north-south transportation route for the entire Chicago MSA), appeals to working professionals, families and empty nesters because of its proximity to the many Fortune 500 companies that line Interstate 294, its in-fill suburban location and its unmatched amenities.

Woodland Creek, the premier rental community in Northwest Cook County and the best value-added opportunity in the Chicago suburbs, is being offered on an "as is, where is" basis for 102,500,000, or $160,156 per unit, a signifcant 30% discount to reproduction costs. With no pipeline of new apartments and a constricted apartment supply (given the wave of recent condominium conversions) in the Northwest Cook County submarket, Woodland Creek represents a rare opportunity to realize significant yields on upgrades invested.

Tours will start immediately. Please contact Lydia Subota (312-407-6720) to schedule a tour. If you would like to discuss this offering in depth, please contact Pete Evans or Tom Moran at 312-407-6700. Thank you for evaluating this investment opportunity.