CHICAGO-A ot property in Chicago's Hyde Park has been snapped up within three days of its listing for 100% of its asking price.
Wooded Isle Suites offers studio and one-bedroom suites on a nightly, weekly or monthly rental basis. All rooms feature fully equipped kitchens. The purchaser will continue to use the building as an income-producing property.
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However, leasing dropped by eight percent.
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Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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