GMH CAPITAL PARTNERS ARRANGES $11.5 MILLION MULTIFAMILY SALE

SAVOY, ILL. — Newtown Square, Pa.-based GMH Capital Partners has arranged the sale of University Fields, a 192-unit, Class A apartment complex in Savoy. Tampa, Fla.-based Landmark Residential purchased the property from an undisclosed seller for $11.5 million. The community, which was constructed in 2000 to house students from the University of Illinois at Urbana-Champaign, consists of 16 three-story apartment buildings and one single-story leasing office/clubhouse. University Fields contains two-, three- and four-bedroom units that total 202,932 square feet of net-rentable area. Amenities include a swimming pool and oversized hot tub, clubhouse with game room and pool table, as well as outdoor basketball and sand volleyball courts. Dave Forrest, Bill Tourtellotte, Randall Calvert and Tom Haak of GMH Capital Partners represented the seller in the transaction.