MARCUS & MILLICHAP NEGOTIATES $21.87 MILLION STUDENT HOUSING SALE
MACOMB, ILL. — Marcus & Millichap has negotiated the sale of two student housing communities located near Western Illinois University in Macomb for $21.87 million. The first property, Campus Pointe Apartments, is located at 900 Linden Ln., and includes 18 buildings comprising 185 units. The second community, Campus Manor Apartments, is located at 902 N. Charles St., and includes 13 buildings comprising 175 units. Both properties have recently undergone capital improvements. Scott Harris of Marcus & Millichap’s Oak Brook, Ill., office represented the undisclosed seller; Gary Witten of the firm’s New Haven, Conn., office represented the buyer, Rabil Properties.