Farmington Hills, MI – (November 3, 2021) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold University Village in Carbondale , Illinois; a student-housing apartment community comprised of 269 units on 16.7 acres. The community is located about a mile from Southern Illinois University. “Investors were attracted to University Village’s strong physical attributes, proximity to campus, and value-add potential. With well below market rents, the asset provides tremendous opportunity to increase NOI by bringing rates in line with the competitive set”, said Rich Deptula, Friedman’s National Director of Investment Advisory Services. Friedman’s Rich Deptula and Kellen Duggan advised both parties in the transaction.
about friedman real estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 100 commercial properties encompassing more than 15M SF and more than 13,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.
