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uadReal Property Group is streamlining its portfolio by putting up for sale a 124-unit student housing development in Chicago's Loop. The Vancouver-based asset manager has partnered with CBRE to find a buyer for the Infinite development, located at 28 East Jackson Street. The property, which was redeveloped from two office buildings into a 19-story complex in 2014, offers floor plans ranging from studios to four-bedroom units and boasts a 94% occupancy rate as of January 2025, primarily serving University of Illinois Chicago students.

    QuadReal cited rising downtown rents and limited new project supply as reasons for the sale. The property is part of QuadReal's broader student housing portfolio, which it acquired in late 2023 from CA Ventures. The acquisition marked a significant expansion into the sector, adding 42 properties and 20,000 beds to its holdings under the Article Student Living brand.

    Article oversees several student housing communities across Illinois, including The Arc at Old Colony in Chicago's South Loop and The Link in Evanston, as well as locations in North Carolina, Pennsylvania, Georgia, and Indiana. QuadReal has faced challenges since acquiring the portfolio, including construction delays that disrupted student move-ins, and a lawsuit filed by CEO Dennis Lopez against CA Ventures over allegedly misrepresented information during the transaction.