EVANSTON, IL-A joint venture between Invesco Real Estate and Atlantic Realty Partners has sold the Reserve at Evanston, a 193-unit apartment complex at 1930 Ridge Avenue in north suburban Evanston, for $55.6 million, which translates into $288,000 per apartment. Cornerstone's affiliate Cornerstone Real Estate Advisors LLC based in Hartford, Connecticut, was the seller of the property. The joint venture was the developer of the complex.
Holliday Fenoglio Fowler L.P.'s Chicago office negotiated the sale of the property. For the full story, go to Crain's Chicago Business .
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