CRE Midwest

Colliers International sells 96-unit multifamily apartment complex

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Brian Pohl, executive vice president, and Tyler Hague, associate, both with the Multi-Family Advisory Group of Colliers International | Chicago, have completed the sale of South Lake Apartments, a 96-unit apartment complex at 2730 Townway Road in Danville.

Brian Pohl, executive vice president, and Tyler Hague, associate, both with the Multi-Family Advisory Group of Colliers International | Chicago, have completed the sale of South Lake Apartments, a 96-unit apartment complex at 2730 Townway Road in Danville.

Pohl and Hague represented the seller, an institutional real estate owner.

The purchaser was Fairlawn Capital. Fairlawn Capital is a Champaign, Ill.-based asset manager and investor in distressed and value-add opportunities in the Midwest. This is Fairlawn Capital’s first investment in Danville. They closed on the purchase of South Lake Apartments on Aug. 9.