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415 Premier Apartments have now changed hands three times since the 2008 real estate collapse.
If the deal closes before the end of the year, it would be the fourth-largest suburban apartment sale of 2015.
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Rents at the Residences of Wilmette start at $2,100/month.
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The 283-unit Park Evanston Apartments is being marketed as a value-add opportunity.
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Blackstone Group earned a solid return with Lombard apartment sale thanks to a spike in rent spreads on rehabbed units.
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Tapestry Apartments was the first new apartment complex built in Naperville since 2003.
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A JV led by Focus Development built The Reserve at Glenview in 2015, backed by a $44M construction loan.
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Stadt and its partners paid $19M for the property in 2012.
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Redwood Capital Group paid $34.2M for the asset in 2011.
Avant at the Arboretum in Lisle opened in 2013.
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