Chicago

The nine-building portfolio comprises 470,000 square feet across four states.

The deal with Sterling Bay increases Convene's total Chicago footprint to nearly 425,000 square feet.

Concurrent with the closing of the sale, Cresco has agreed to enter into a long-term, triple-net lease agreement with GreenAcreage and will continue to operate the property as a licensed medical and recreational cannabis cultivation and processing facility.

The EY team also includes Bauer Latoza Studio (a Minority Business Enterprise), Goodman Williams Group (a Women Business Enterprise), and Mayer Brown, LLP.

The Deer Park Crossing deal represents the second transaction within 18 months between REVA Development Partners and Redwood.

The 1,322-unit portfolio consists of all stabilized properties and has maintained an average occupancy of 92% through the past three years.

The portfolio consists of primarily Class A properties in Chicago, Indianapolis, Columbus and Milwaukee.

The firm, which signed a lease for more than 331,000 square feet in January 2019, inked a lease expansion for 108,343 square feet at the recently completed development at 2075 W. 43rd St.