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Acquisition of a 32-unit apartment property in downtown Libertyville, IL

November 2024

TLP-FIDES, LLC announces the acquisition of a 40,000 square foot apartment building in downtown Libertyville, IL.   The acquisition was a condominium deconversion accomplished over the course of 12 months.  The 3-story building was built in 1969 and contains 32 apartments.  The property has an A location within downtown Libertyville, is just a few blocks from the Metra train station and offers access to numerous restaurants and shops as evidenced by a walk score of 57.  TLP-FIDES plans to improve unit interiors, common areas, the building facade, landscaping, and rebrand and remarket the property.  Additionally, some existing two bedroom units will be converted into three-bedroom floorplans to further enhance value.  The prior condominium structure did not allow for an appropriate level of capital investment into the building.  This purchase represents a true value-add investment with a tremendous amount of upside in value once the capital improvements are completed.

December 9, 2024
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2024-12-09 18:51:322024-12-09 18:56:51Acquisition of a 32-unit apartment property in downtown Libertyville, IL
News

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.

June 18, 2024
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2024-06-18 14:19:522024-06-18 14:39:11Acquisition of a 93,000-sf mixed use apartment property in downtown Deerfield, IL
News

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.

December 14, 2022
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2022-12-14 22:15:422024-06-18 15:10:03Acquisition of a 40,000-sf mixed use property in downtown Downers Grove, IL
News

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.

May 20, 2022
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2022-05-20 18:14:072022-12-20 18:15:46INVESTMENT WITH AN ATLANTA BASED APARTMENT COMPANY
News

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.

November 30, 2021
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2021-11-30 23:01:272024-06-18 15:04:27Acquisition Announcement: 100,000 sq ft Mixed-Use Property Located in Downtown Libertyville, IL
News

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.

January 15, 2021
https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png 0 0 Steve Bunning https://tlpfides.com/wp-content/uploads/2021/01/TLP_Fides_logo.png Steve Bunning2021-01-15 22:36:182023-01-05 18:04:27TLP-FIDES Announces Formation of New Investment Venture
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Contact TLP-Fides

TLP-Fides, LLC
111 Lake Street
Libertyville, IL 60048

(847) 615-9560
info@tlpfides.com

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