Schmitt Meadows Apartments

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Schmitt Meadows I & II, a 104-unit, 100% LIHTC property in Streator, IL. Additionally, the offering is a Senior LIHTC property, which adds stability to operations through reduced turnover and management costs. The Property is currently 100% occupied and the average tenant tenure is eight years. The Offering also presents investors with the opportunity to assume an existing loan held by the Illinois Housing Development Authority, thereby benefitting from a low overall cost of capital.