Palatine apartment complex sells for record $139.3 million

An Oak Brook investor has acquired a Palatine apartment complex for nearly $140 million, the most paid ever for a multifamily property in suburban Chicago. Albion Residential bought Bourbon Square, a 612-unit community at Lake-Cook Road and Illinois Route 53, from Los Angeles-based Broadshore Capital Partners, said Albion President Jason Koehn.

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