CHICAGO, IL – Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development firm, announced the acquisition of Park 205, a luxury apartment community in the Park Ridge, IL, a suburb of Chicago.
“Our investment experience across multiple cycles, combined with the span of our platform enables us to uniquely identify opportunities like Park 205,” said Trilogy Chief Investment Officer Jesse Karasik. “Strong suburban nodes like Park Ridge are of keen interest. Park 205 is a boutique property that is highly amenitized, providing for long term differentiation.”
The property is located at 205 Touhy Avenue and offers 115 one-, two- and three-bedroom apartment homes. The spacious units are stylishly appointed with hardwood or vinyl plank-style flooring, granite countertops, eat-at kitchen islands, in-unit washer and dryer and walk-in closets. Residents delight in top-notch community amenities including a fitness center, a heated pool and sundeck, poolside grills, a communal firepit, access-controlled gates and temperature-controlled indoor parking.
Park 205 is strategically located adjacent to a Whole Foods and within walking distance of the vibrant Uptown district with its numerous shopping, dining, cultural and recreational amenities. Commuting residents delight in access to the Park Ridge Metra which provides direct, efficient access to downtown Chicago employment. The community’s attractiveness is further punctuated by its proximity to Maine South High School, which U.S. News and World Report ranks in in the top 4% of all high schools on a national basis.
Trilogy Residential Management, Trilogy’s top-rated management company for eight consecutive years, will manage the property.
Since 2002, the principals of Trilogy have completed over $4 billion in transaction volume, including $670 million of acquisition and financing activity in 2020. In addition to Park 205, Trilogy also owns a multifamily property in nearby Skokie.

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EVANSTON, IL – Spirit Investment Partners of Stamford, CT in partnership with Irvine, California based The Bascom Group, have bought the 415 Premier apartments in Evanston, Illinois for $49,110,000 or $222,217 per unit. The acquisition closed on July 21, 2021. Dan Cohen of CBRE represented the seller. Peter Marino, also of CBRE, arranged the acquisition financing through Rialto Capital Management.
Built in 2008, 415 Premier is a luxury 221 unit, 17-tale high rise with a 245-space parking deck located directly adjacent to the Howard CTA station providing extreme connectivity to all points in and around Chicago via the Red, Purple and Yellow lines. The building contains a mix of spacious studios, one- and two-bedroom apartments, with most units containing unobstructed views of Lake Michigan and the downtown Chicago skyline.
Scott Zwilling, a principal of Spirit Investment Partners, comments, “We’re excited to add another fantastic asset to our Chicago portfolio. “This deal is perfectly aligned with our contrarian mindset of seeking tremendous value in resilient urban core markets that are being overlooked in response to dread caused by the COVID-19 pandemic. We’re content to let everyone else chase overpriced deals in the Sunbelt markets.”
Ian Hafner, a principal with Spirit, further comments, “This property was one of the best performing assets in the submarket throughout the pandemic. With a few plotted improvements to common areas and unit interiors, we’re confident the property will continue to flourish for renters who seek a high quality of life, simple commutes and a more reasonably priced housing option.”
Spirit and Bascom have been active this year completing hundreds of millions of dollars in dispositions while aggressively pursuing a deep pipeline of new acquisitions.

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NASHVILLE, TN – CIM Group announced that it has completed the sale of Stacks on Main, a five-tale, 268-unit apartment building in Nashville, Tennessee.
CIM Group bought Stacks on Main in August 2017. Since then, the property has benefited from CIM Group s experience as a community-focused owner and operator.
Originally built in 2016, the approximately 205,000-square foot property located at 535 Main St., offers one- and two-bedroom unit floor plans and 377 parking stalls in East Nashville, a historic neighborhood that is renowned for its art and local music, restaurants and bars, a vibrant craft beer scene, and boutique retail. Residences feature energy-saving Google Nest thermostats, Google Fiber, and modern, efficient appliances.
Stacks on Main provides residents with an array of modern community amenities including a fitness center and yoga room, saltwater pool and sun deck, a music room for jam sessions, a clubhouse, dog park, outdoor grilling stations and fire pits, and a rooftop deck with views of Music City.
Located 1.5 miles east of Downtown Nashville, Stacks on Main is conveniently located near a diversified economic base driven by healthcare management, music/entertainment, hospitality/tourism, education, manufacturing, and government.
CIM Group made its first investment in Nashville in 2015 with the acquisition of L&C Tower, a 272,000-square-foot office building located in the downtown core.
For more than 25 years, CIM Group has utilized its broad expertise to own, develop, reposition, and operate real estate assets, transforming communities and making dynamic environments throughout the Americas.

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