Cantor Fitzgerald and operating partner BH Equities have acquired Aurora at Summerfield, a 368-unit multifamily community located at 1847 Clubhouse Drive in Aurora, Ill.
Newmark Knight Frank Multifamily (NKF) represented the seller, The Connor Group, on this transaction and secured the financing for the deal, a loan from lender Freddie Mac for $50.78 million
“This is the latest transaction where our team has demonstrated proven success to source opportunities for institutional buyers who want to invest in growth markets outside of the New York metro area,” said Henry Stimler, managing director of NKF's Multifamily Capital Markets. “Aurora is a well-maintained and well-located asset that was attractive to the new ownership. By bringing this deal to the buyer directly with our multifamily investment sales team in Chicago, we were able to secure both the sale and financing of the property seamlessly.”
Aurora at Summerfield is located in Chicago’s premier western suburb, just minutes from downtown Aurora. The community offers a state-of-the-art 24-hour fitness center, resort-style pool, modern clubhouse and gas grilling stations. The location of the property offers quick access to the I-88 corridor connecting residents to several Fortune 500 companies, nearby hospitals, shopping districts and parks.
