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CHICAGO — Chicago-based Waterton Residential, on behalf of Waterton Residential Property Fund XI, has acquired a portion of Mondial River West, a 15-story, 141-unit residential property in Chicago. Waterton purchased 124 of the studio, one-, two-, three- and four-bedroom units, with plans to rent the units. Additionally, Waterton plans to furnish the rooftop deck to provide residents an outdoor entertainment area. The property features a community rooms, balconies on all units and indoor parking. Mondial River West was originally developed by Citta Development Group in 2009. Waterton Residential Property Fund XI is a $500 million discretionary multifamily investment fund. Terms of the transaction were not disclosed.