CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Investment, LLC ("FIDES") announces the successful conclusion of a property management assignment on a 6,500 square foot office building located in Arlington Heights, IL. In December 2015 FIDES was appointed as the Receiver for the office building on behalf of Wintrust Financial. After Wintrust completed a foreclosure of the property, FIDES was hired as the property manager and successfully renewed a major tenant for a 5-year term at above market rents, assisted in the buyout of an existing tenant, and facilitated the relocation of another tenant to a vacant space in the building. The renewal, tenant buyout and tenant relocation were integral to the eventual sale of the building to a third-party which plans to use some of the vacant space for its own business.