Tailor Lofts

September 22, 2016 Comments Off on Blue Vista Wants $63M for Chicago Student Housing Views: 550 Illinois, Midwest, National News

Blue Vista Wants $63M for Chicago Student Housing

Blue Vista Capital Management, owner of the 477-bed Tailor Lofts in the West Loop of Chicago, is putting the student housing property up for sale. To that end, the Chicago-based investor hired HFF’s local office to market the building, in hopes of obtaining $63 million from the sale.

Tailor Lofts, at 315 S. Peoria St., was built in 1918 as an office building. Blue Vista acquired it in 2007 for $16 million. Five years ago, the owner redeveloped the property at a cost of close to $59 million. Tailor Lofts serves the University of Illinois at Chicago.

Blue Vista has launched a $300-million student housing fund to buy and develop student housing assets serving top colleges and universities throughout the United States.

Read More at Crain’s Chicago Business

Connect with Blue Vista Capital Management

Connect with HFF’s Chicago Office

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