TLC Management Acquires Chicago-Area Apartments
- Jun 05, 2019
Executive Capital Corp. has sold Prairie Winds, a townhome-style apartment community in St. Charles, Ill. The property was purchased by TLC Management Co. HFF marketed the property on behalf of the seller.
(In March, HFF secured a $31 million loan with NXT Capital for refinancing a luxury community in Chicago.)
Prairie Winds is located at 2600 Prairie Winds Drive in St. Charles, a town straddling the Fox River about 40 miles west of Chicago. The property is a 250-unit luxury townhome-style apartment community that was completed last year.
Residences feature condominium-quality features and finishes that include living room fireplaces, garden soaking tubs, walk-in closets, oversized balconies or patios and one- and two-car garages. Among the distinguishing amenities of the community are well-manicured nature trails along a fish pond.
Near job hubs
WalletHub named St. Charles Illinois’ No. 1 city for employment expansion. A long-established community along a Metra commuter train line as well as the Fox River, St. Charles offers access to leading health care alternatives, high-end shopping, upscale dining, award-winning schools and outdoor recreational opportunities. Prairie Winds is within a short commute of top regional and international employers.
HFF’s investment advisory team featured Managing Directors Sean Fogarty and Marty O’Connell, Senior Director Wick Kirby, Director Kevin Girard and Analyst Kyle Butler.