CHICAGO, IL–(December 24, 2013) – Frontline Real Estate Partners acquired two properties via a deed-in-lieu of foreclosure. The properties consist of a mixed-use commercial / residential property on Chicago Avenue in the Noble Square neighborhood of Chicago, and a townhome in the South Loop. Frontline acquired the notes secured by the properties from a bank and concurrently completed a deed-in-lieu of foreclosure with the owner. “This transaction is representative of Frontline’s core competency – identifying unique off market opportunities to acquire real estate assets where we can enhance value through lease-up of vacancy and capital improvements” according to Josh Joseph, Principal of Frontline Real Estate Partners. “We are excited to add these properties to our portfolio and to pursue additional properties in these growing areas of Chicago.”
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.