Case Study

Sullivan Center

Acquisition Date:April 2016
Asset Type:Historic Office & Retail in Chicago
Size: 1,009,769 SF
Tenants: Target
Art Institute of Chicago
Acquisition Cost:$285.0 million
Exit Value: $322.9 million
Equity:$70.6 million
Realized Equity:$118.6 million
Gross IRR: 49.2%
Gross Equity Multiple: 1.7x