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Heartland Realty buys suburban Chicago asset for $73M

Jan 29, 2019 - SNL Real Estate Daily

Apartment Investment and Management Co. sold the 368-unit Savannah Trace apartments in Chicago's Schaumburg suburb for $72.5 million to Heartland Realty Investors Inc., The Real Deal reported, citing Cook County, Ill., records.

The acquisition of the 1421 Carolina Court property was funded with a $54 million loan from NorthMarq Capital, the Jan. 25 report added, citing records.