M&A Deal Summary

Golub & Company and Farpoint Development Acquire Prairie Shores

On November 5, 2019, Golub & Company and Farpoint Development acquired real estate company Prairie Shores

Acquisition Highlights
  • This is Golub & Company’s 1st and Farpoint Development’s 1st transaction in the Real Estate sector.
  • This is Golub & Company’s 1st and Farpoint Development’s 1st transaction in the United States.
  • This is Golub & Company’s 1st and Farpoint Development’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-11-05
Target Prairie Shores
Sector Real Estate
Buyer(s) Golub & Company
Farpoint Development
Deal Type Add-on Acquisition

Target

Prairie Shores

Chicago, Illinois, United States
Prairie Shores is a large-scale workforce housing apartment community in Chicago's Bronzeville neighborhood. The 20-acre Prairie Shores campus, located between 26th and 31st Streets on Martin Luther King Drive, includes five, 19-story towers with a total of 1,675 residential units.

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Buyer(S) 2

Buyer

Golub & Company

Chicago, Illinois, United States

Category Company
Founded 1960
Sector Real Estate
DESCRIPTION

Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It's a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Buyer

Farpoint Development

Chicago, Illinois, United States

Category Company
Sector Real Estate
DESCRIPTION

Farpoint Development is a Chicago-based real estate development company with extensive experience in managing large scale development and redevelopment projects. With more than 30 years of experience, Farpoint's principals have created some of Chicago's most iconic and innovative commercial office and mixed-use projects, totaling more than five million square feet valued in excess of $1 billion. From ground-up development to adaptive reuse and historic rehabilitation, Farpoint strives to use its diverse experience in all facets of the development process to unlock hidden potential in every opportunity.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1