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.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2024-06-18 14:19:522024-06-18 14:39:11Acquisition of a 93,000-sf mixed use apartment property in downtown Deerfield, IL
TLP-FIDES, LLC announces the acquisition of a 40,000 square foot mixed-use building in downtown Downers Grove, IL. The 4-story building built in 1968, contains 27 apartments and 6,000 square feet of office space on the ground level. The property has an A+ location within downtown Downers Grove and is just a few blocks of a Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 93. TLP-FIDES plans to improve unit interiors, common areas, the building facade, reduce operating expenses, and rebrand and remarket the property. The purchase represents a true value add investment with a tremendous amount of upside.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2022-12-14 22:15:422024-06-18 15:10:03Acquisition of a 40,000-sf mixed use property in downtown Downers Grove, IL
TLP-FIDES, LLC announces an investment into Inwood Holdings, LLC an Atlanta based multifamily company. The investment will provide capital to purchase value add apartment opportunities within the southeast with an emphasis on the Atlanta area. Inwood is a proven sponsor with a strong track record in executing value add strategies in the apartment space. Inwood also provides property management and construction expertise within its platform.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2022-05-20 18:14:072022-12-20 18:15:46INVESTMENT WITH AN ATLANTA BASED APARTMENT COMPANY
TLP-FIDES, LLC has acquired a 100,000 square foot mixed-use building in downtown Libertyville, IL. Formerly known as Manchester Square, the property contains 25,000 square feet of commercial space, 34 large luxury apartments and a 36-space heated parking garage. The property has an A+ location within steps of a Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 86. TLP-FIDES plans to upgrade and refresh the common areas, lower operating expenses, rebrand and remarket the property, and lease the remaining vacant commercial space. The purchase represents a hands-on value add investment with a tremendous amount of upside.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2021-11-30 23:01:272024-06-18 15:04:27Acquisition Announcement: 100,000 sq ft Mixed-Use Property Located in Downtown Libertyville, IL
TLP-FIDES LLC, a Chicago based real estate investment family office, announced the plan to begin redeploying capital returned from the sale of a Midwest based apartment portfolio. The seven person seasoned investment team plans to acquire approximately $200 million of class B apartments within growth markets in the South and Southeast. The strategy will focus on acquiring value add and core plus opportunities in closer in suburban locations. Additional information may be found at http://www.TLPFIDES.com.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2021-01-15 22:36:182023-01-05 18:04:27TLP-FIDES Announces Formation of New Investment Venture
FIDES Investment, LLC divested a total of 594 units in 16 different properties during 2017. The properties were primarily value-add acquisitions in suburban Chicago and downtown Minneapolis, and were purchased during 2014 and 2015. “The strong investment climate was ideal for maximizing offers. Each deal had multiple bidders and debt financing was plentiful. Over the last several years we invested capital to upgrade the properties, and this resulted in significant revenue growth. We felt that 2017 was an ideal time to sell the assets due to favorable market conditions. This resulted in an average cap rate of 4.80%, and an average property IRR of 20%.” said Gregg Handrich of FIDES.
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png00Steve Bunninghttps://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.pngSteve Bunning2017-12-31 18:19:222023-01-05 18:20:41FIDES Investment Caps Off a Busy 2017: $91 MM of Multi-Family Dispositions
Acquisition of a 93,000-sf mixed use apartment property in downtown Deerfield, IL
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.
Acquisition of a 40,000-sf mixed use property in downtown Downers Grove, IL
December 2022
TLP-FIDES, LLC announces the acquisition of a 40,000 square foot mixed-use building in downtown Downers Grove, IL. The 4-story building built in 1968, contains 27 apartments and 6,000 square feet of office space on the ground level. The property has an A+ location within downtown Downers Grove and is just a few blocks of a Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 93. TLP-FIDES plans to improve unit interiors, common areas, the building facade, reduce operating expenses, and rebrand and remarket the property. The purchase represents a true value add investment with a tremendous amount of upside.
INVESTMENT WITH AN ATLANTA BASED APARTMENT COMPANY
May 2022
TLP-FIDES, LLC announces an investment into Inwood Holdings, LLC an Atlanta based multifamily company. The investment will provide capital to purchase value add apartment opportunities within the southeast with an emphasis on the Atlanta area. Inwood is a proven sponsor with a strong track record in executing value add strategies in the apartment space. Inwood also provides property management and construction expertise within its platform.
Acquisition Announcement: 100,000 sq ft Mixed-Use Property Located in Downtown Libertyville, IL
November 2021
TLP-FIDES, LLC has acquired a 100,000 square foot mixed-use building in downtown Libertyville, IL. Formerly known as Manchester Square, the property contains 25,000 square feet of commercial space, 34 large luxury apartments and a 36-space heated parking garage. The property has an A+ location within steps of a Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 86. TLP-FIDES plans to upgrade and refresh the common areas, lower operating expenses, rebrand and remarket the property, and lease the remaining vacant commercial space. The purchase represents a hands-on value add investment with a tremendous amount of upside.
TLP-FIDES Announces Formation of New Investment Venture
February 2021
Evanston, IL
TLP-FIDES LLC, a Chicago based real estate investment family office, announced the plan to begin redeploying capital returned from the sale of a Midwest based apartment portfolio. The seven person seasoned investment team plans to acquire approximately $200 million of class B apartments within growth markets in the South and Southeast. The strategy will focus on acquiring value add and core plus opportunities in closer in suburban locations. Additional information may be found at http://www.TLPFIDES.com.
FIDES Investment Caps Off a Busy 2017: $91 MM of Multi-Family Dispositions
December 2017
FIDES Investment, LLC divested a total of 594 units in 16 different properties during 2017. The properties were primarily value-add acquisitions in suburban Chicago and downtown Minneapolis, and were purchased during 2014 and 2015. “The strong investment climate was ideal for maximizing offers. Each deal had multiple bidders and debt financing was plentiful. Over the last several years we invested capital to upgrade the properties, and this resulted in significant revenue growth. We felt that 2017 was an ideal time to sell the assets due to favorable market conditions. This resulted in an average cap rate of 4.80%, and an average property IRR of 20%.” said Gregg Handrich of FIDES.