SCHAUMBURG, IL-A New York City investor has picked up a multifamily property in Schaumburg for $86.7 million. A subsidiary of TGM Associates LP has acquired Lincoln Meadows, a 576-unit apartment complex at N. Lincoln Meadows Drive, from Dallas-based Invesco Real Estate.
The name of the complex, constructed in 1990, has been changed to TGM Park Meadows. Invesco paid $38.4 million in 1995 for the property. CBRE's Chicago office represented the seller, while TGM Associates represented itself in the transaction. For the full story, go to Crain's Chicago Business .
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