X Chicago Student Housing
Newly built in 2018 as luxury apartments, X Chicago is poised for conversion to a high-end student housing community due to its location directly across the street from the Univ. of Illinois - Chicago.
Location
Chicago, IL
Investment Strategy
Value-Add
Property Type
Student Housing
Open To
Accredited Investors
Closed Date
Aug 2022
Status
Closed Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$1,161,311.00
3.283033169374524%
Investor Equity
$10,451,801
29.54730417838272%
Senior Loan Amount
$23,760,000
67.16966265224275%
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Total
$35,373,112
100%
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