Rockwell successfully purchased the Stonegate complex in Glendale Heights, a five-year, $69 million deal in-the-making. The huge 1,156-unit property had been partially converted into condos during the housing bubble. Rockwell plans to deconvert it back to apartments—a fast-growing trend in the multifamily market.

Their 3-year plan to fix up the complex includes improvements to the clubhouse and amenities and renovations of some units. The deconversion along with the much-needed renovations will add significant value to the property and provide residents

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