Alliant Strategic Investments and Nuveen Real Estate Purchase Chicago Affordable Housing Complex for $93.5m

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WOODLAND HILLS, Calif., May 11, 2021 /PRNewswire/ -- Alliant Strategic Investments (ASI), an investment firm focused on socially responsible multifamily investments, has purchased Riverstone Apartments, an affordable housing community located in Bolingbrook, Illinois, a suburb Southwest of Chicago. The purchase, made in partnership with Nuveen Real Estate, one of the largest real estate investment managers in the world, closed at $93.5 million, with $60.825 million in acquisition financing provided by JLL Real Estate Capital.
ASI and Nuveen anticipate maintaining the affordability requirements of all the units during their ownership. The investment firms believe this property will continue to serve an important role in its community providing quality and affordable housing for those who need it—a core tenet of their collective mandates.

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