Kiser Group Arranges $15M Sale of Multifamily Portfolio in Chicago’s UIC Medical District

by Kristin Harlow

CHICAGO — Kiser Group has arranged the sale of a multifamily portfolio located in Chicago’s UIC Medical District for $15 million. The portfolio comprises 48 units, 32 of which are two-bedroom floor plans. The remainder are three-bedroom units. University Rentals UIC sold the portfolio to Bay Laurel Partners in an off-market deal. The transaction sets a new benchmark for the price per door for a value-add portfolio in the UIC Medical District, according to Will Cornish, an associate with Kiser.

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