MultifamilySold
Burbank Manor Apartments
Burbank, IL
A 173-unit senior garden apartment community built in 1984, roughly 148,000 square feet on Pinehurst Court.
Photographs
Realized results
Acquired
We bought it in December 2020: 173 units of senior garden apartments in Burbank, built in 1984.
Executed
We stabilized operations and brought the rent roll up to market over the hold, finishing at 96% occupancy.
Exited
Sold in July 2022 for $20.5 million, a realized cap rate of 5.49%.
51.7%
Realized Gross IRR
1.99x
Realized Equity Multiple
$20.5M
Sale Price
2020–2022
Held
Location
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