Fund II

Lux 24



Total Required Equity
Asset type
Investment Objective
Value Add
Realized IRR
Hold Period
3 Years
Investment Date
June 2013

Investment Summary

Lux24 was a 67-unit, 12-story concrete and steel mid-rise multifamily project located in the West Loop submarket of Downtown Chicago. The property contained 4,232 square feet of ground floor retail space and a two-story, 80-stall parking garage. Lux24 was originally constructed in 2008 as a for-sale condominium project. Common areas were upgraded and exterior repairs were complete.

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