The purchaser was a California-based family office with extensive experience acquiring and managing trophy quality, grocery anchored shopping centers throughout the United States, Pegasus Investments states.
IRET also has closed on the sale of its entire Topeka portfolio consisting of 1,042 multifamily homes for $82.75 million.
Since 2017, the Chicago area has seen a slight increase in investment within Opportunity Zones, while values in those areas have decreased.
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