Chicago

"This portfolio offered the opportunity to buy a critical mass of medical assets with exposure to some of the top health systems in the country, including Advocate Aurora Health, Einstein Health and INOVA Health System," said Chris Bodnar, vice chairman of Capital Markets for CBRE.

Draper and Kramer Inc. celebrated the topping off last week of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave.

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.