March 1, 2023
For immediate release
In February, Archstone Capital Partners LLC assumed the in-place HUD loan on an off-market Class B property in Milan, IL, adding 48 units to its portfolio.
Located minutes away from the Quad Cities International Airport, the 2011 built property boasts spacious floor plans and exceptional amenities not commonly seen in the Quad City market. Upon takeover, the property will be rebranded “Haven at Parkway.”
“Given the recent capital markets environment, immediate cash flow paired with a historically low interest rate presented an exceptional opportunity for our investors,” said Archstone CEO Chris Salazar. “The 2011 vintage is the newest in our portfolio and demonstrates our firm’s ability to remain nimble in our selection of high-quality investments.