Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island

Mesirow Financial's value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new apartment supply, paying a per-unit premium well above recent Mercer Island comps to get it.A Chicago-based investment fund has paid $157 million for a 235-unit apartment complex on Mercer Island, one of […]