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Distressed historical office building acquired through note purchase; historical tax credits & office to residential conversion.

542 S. Dearborn

printers row office coversion
DATE PURCHASED: MARCH 2026
PURCHASE PRICE: 5.5M
TOTAL PROJECT BUDGET: 23.2M
UNITS: 74 + RETAIL + OFFICE
DEAL LEVEL RETURN : 40% IRR + 2.9 EQM