Tricap Acquires a 98-unit Community in Chicago, IL

FOR IMMEDIATE RELEASE:

August 19, 2015 – Chicago, IL-­based Tricap Residential Group, an owner, operator and developer of multi-family properties, is pleased to announce the continued growth of their portfolio with their third acquisition of the quarter, Everett Hyde Park, in Chicago, IL. This transaction will add 98 units to Tricap’s portfolio, bringing the total operating unit count to nearly 2,000 apartments.

The property is located in the extremely desirable Hyde Park neighborhood of Chicago, IL. Hyde Park offers its residents a pedestrian lifestyle, rich in culture, amenities, and architecture and is known for its well-educated and diverse residents.  The property itself is comprised of two, three-story buildings and will undergo extensive interior renovations that are expected to be completed by the fourth quarter of 2016.

“This is an exciting project!  With the University of Chicago being an anchor of employment and development, and a central location just a few miles south of Chicago’s loop, Hyde Park continues to be a sought after destination to live, work and play. The location coupled with the interior renovation is expected to increase at the property by a significant amount” said President Bryan Pritchard.

Additionally, Hyde Park is home of the proposed Presidential Library.

About Tricap

Founded in 2007, Tricap Residential Group is fully integrated multifamily company specializing in property management, acquisition & development, and advisory services in the Midwest. While the extent of our services is exceptional, it is our perspective that makes Tricap unique:  An owner’s perspective, drawn from our roots in property acquisition and improvement.

Today, that perspective defines Tricap’s approach to everything we do: the people we hire, the properties we acquire, the tenants we find, and the clients we serve. It drives us to work harder, perform better, and deliver beyond expectations on every project. It also pushes us to constantly improve our expertise and services, by embracing the newest technologies and staying a step ahead of rapidly changing market conditions. It’s a truly personal approach.

CONTACT: Brandi Tucker, Marketing Director, 630.442.8162,  BTucker@TricapRes.com, www.TricapRes.com