DUBLIN, OH – Chicago-based Tricap finalized the acquisition of the Residences at Sawmill Park on behalf of a private investment group, as it begins its expansion into becoming a Midwest regional firm. The 120-unit apartment community, located in a northwest suburb of Columbus, was purchased from Preferred Living for $8.3 million.

Tricap acted as due diligence consultant on the deal and will serve as property manager. Tricap specializes in acquiring, renovating, and managing apartment buildings in Illinois. “This deal represents the next stage for us as we expand into a regional firm managing and acquiring properties throughout the Midwest,” Bryan Pritchard, founder and principal of Tricap, says in a release. He adds that Tricap had long planned to expand its reach and thought the Columbus area was a good place to begin.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.