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CHICAGO — RREEF has purchased Cityfront Place, a 40-story, 480-unit multifamily tower located in Chicago, for $107 million. Constructed in 1991, Cityfront Place is situated at 400 N. McClurg Court along the Chicago River. RREEF, which made the purchase on behalf of RREEF America REIT II, plans to complete a capital improvements program in the near term. RREEF has developed two multifamily high-rise towers in downtown Chicago during the last six years and currently controls a portfolio comprising more than 9 million square feet of retail, residential, industrial and office space in the Chicagoland market.