Intersection Realty Group (IRG) has purchased the Montclare Apartment Portfolio, with assets valued at approximately $100 million. With properties located in New York, Illinois and Indiana, this latest acquisition increases the size of the company’s portfolio to more than 1 million square feet.
“IRG is rapidly growing our portfolio by acquiring assets with sound fundamentals in stable and growing markets. Further, by focusing on off‐market opportunities, we are able to source deals where we believe there is a dislocation between contract value and market value. When combined with favorable capital market conditions, these acquisitions offer an attractive risk-adjusted return for our investors,” said Truman Tolefree, founder and managing principal at Intersection Realty Group. “These investments fit squarely within our investment strategy, and we’re excited to welcome them into our growing family of assets.”
