An Illinois teachers pension fund sells a 336-unit Boca Raton apartment complex for $80 million.
June 05, 2014 at 12:00 AM
1 minute read
Illinois teachers cashed in on a large Palm Beach County real estate investment, making a $44.3 million return on a 336-unit apartment complex on nearly 28 acres in Boca Raton.
TR San Marco Corp., a nonprofit investment company that acquires and manages real estate for the Illinois’ teachers retirement system, sold the complex for $80.3 million, according to a deed recorded Thursday in Palm Beach County.
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