Bender Cos. buys two apartment properties in Chicago suburbs

Buligo Capital Partners and Ferndale Realty Group have sold two apartment properties in south suburban Chicago.

Bender Cos. purchased Central Park Apartments for $17.4 million and Governor’s House Apartments for $8.3 million.

Both communities are approximately 30 miles south of downtown Chicago and are convenient to top employers in the Interstate 57 corridor, which houses a high concentration of logistics, technology and manufacturing companies. In addition, the portfolio has convenient access to downtown Chicago via the local Metra stations as well as two major expressways, Interstate 57 and U.S. 30.

The 95 percent–leased Central Park Apartments offers 220 units in one-, two- and three-bedroom layouts averaging 1,150 square feet each. Governor’s House Apartments, which is 97 percent leased, has 96 units available in one- or three-bedroom layouts averaging 888 square feet each.

Bender Cos. is an owner-operator specializing in the acquisition and ma