SpringView Announces Purchase of Another 12-Units in Chicagoland
SpringView Investments is proud to announce our latest purchase of two adjacent six-unit buildings in Lansing, IL containing ten, 2-bedroom/1 bath units and two, 1-bedroom/1 bath units. These are the first acquisition for SpringView’s new investment vehicle, SVMD One LLC.
Lansing with a population of approximately 28,000 is a south suburb of Chicago and is located 6.9 miles south of the Chicago city limits, and 25.6 miles from the Chicago Loop.
The properties are located near major centers including River Oaks Mall, Walmart Supercenter, Aldi, Home Depot, Walgreens, LA Fitness and numerous restaurants and entertainment options and have easy access to major expressways like the I-94, I-80, and I-294.
SpringView was presented with another opportunity to acquire two well-maintained cash flowing properties in an area that our field personnel are very familiar and comfortable in and was fortunately able to execute on the acquisition.
We extend our appreciation to the brokers, Horvath & Tremblay, and to our counsel, DLA Piper LLP, for their help and support in facilitating this transaction. We also extend our thanks to our lender, Royal Savings Bank for working with us to finance this acquisition.
The properties will be managed by SpringView Property Management, which manages over 400 units in the Chicagoland area from its office in Oak Forest, IL.
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.