LaTerra Capital Management, an affiliate of LaTerra Development, in partnership with Respark Residential, is under contract with AIMCO to acquire a 1,495-unit, seven-property multifamily portfolio located across key Chicago suburban submarkets including the cities of Evanston, Lombard and Elmhurst. The portfolio is being acquired at a purchase price of $455 million, with a closing targeted for the first quarter 2026.
This transaction represents a strategic partnership between LaTerra and Respark, combining LaTerra’s vertically integrated development and acquisition/ investment platform with Respark’s multifamily operating, capital structuring and asset management expertise. Together, they intend to scale a portfolio of existing multifamily assets in supply-constrained, high-growth markets where long-term fundamentals support durable cash flow and value creation.
“The addition of these communities to LaTerra’s portfolio accelerates the recent launch of our multi
