CAROL STREAM, IL-Friedkin Realty Group, an apartment investment firm based in San Francisco, has recently purchased Parkway Commons, a 384-unit apartment complex on Gundersen Drive in west suburban Carol Stream, for $33 million. The eight-building complex was sold by a state public pension fund based in Florida.
The sales price breaks down to about $86,000 per unit. The investment firm financed the acquisition with a $26.4-million loan from Fannie Mae. Parkway Commons was constructed in 1971 and refurbished in 2008. For the full story, go to Crain's Chicago Business .
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