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West Coast multifamily investor enters Chicago with deal for 176-unit building in River North

Virtu Investments buys Marlowe building as Quarterra offloads properties nationally

The 176-unit Marlowe apartment building in Chicago's River North has been sold to Virtu Investments. (Justin Schmidt/CoStar)
The 176-unit Marlowe apartment building in Chicago's River North has been sold to Virtu Investments. (Justin Schmidt/CoStar)

A West Coast-focused multifamily investor has scooped up its first Chicago property, a 176-unit building in River North that it believes will gain value in the years ahead.

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