The REIT is looking for a JV partner to help capitalize the 33-story tower.

The company has obtained the refinancing package, arranged by Greystone, for a 941-unit, 10-asset portfolio.

Fairlawn Capital has acquired more than 50 properties near the University of Illinois campus in a deal that represents Champaign County's highest-ever portfolio sale price.

Since 2017, the only lower point was Q1 of 2020.