Kiser Group Arranges $8 Million Sale of Chicago Portfolio

by Channing Hamilton

CHICAGO — Kiser Group has arranged the $8 million sale of a portfolio of two apartment buildings located near the University of Chicago. The portfolio consists of 5111 S. University Ave. (41 units) and 5135 S. Blackstone Ave. (36 units). The properties feature a mix of studio and one-bedroom units. The portfolio was 98 percent leased at the time of sale. Lee Kiser, Kyle Sissell and Will Cornish of Kiser represented the seller, TLC Management, while Katie LeGrand and Jacob Price of Kiser represented the buyer, Harbor Property Management LLC.

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