Our team is pleased to announce the successful closing of a 100-unit senior-designated multifamily community located in Charleston, Illinois.

The transaction was sourced and executed off-market, generating multiple offers and ultimately secured a buyer within weeks of launch. The seller elected to sell the asset to a trusted buyer as part of a 4% LIHTC execution.

The property, which benefits from strong occupancy and is located within a Qualified Census Tract (QCT), will be maintained as an affordable housing community under the new ownership’s long-term strategy.

The deal progressed smoothly, supported by consistent communication and coordination among all parties from marketing through closing.