June 2024

TLP-FIDES, LLC announces the acquisition of a 93,000 square foot mixed-use building in downtown Deerfield, IL currently known as Deerfield Village Apartments.  The property contains 16,000 square feet of commercial space, 56 luxury apartments and a 90-space parking garage.  The property has an A+ location within walking distance to the Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 83.  The building’s commercial mix includes national tenants such as Starbucks, Chipotle and UPS with long tenures.  TLP-FIDES asset strategy includes bringing below-market rents to market, capitalizing on the numerous expansive unit terraces, improving the look of the common areas and rebranding the property.  The purchase price represents a hands-on value add investment with a significant amount of upside due to the tremendous location at a price that is well below replacement cost.  TLP-Fides was able to purchase this institutional quality asset off-market.