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nvestment firms Tricap Residential Group and Wolcott Group are seeking buyers for a nearly fully leased apartment complex in Hoffman Estates, Illinois. The property, now known as Haven Hoffman Estates, was previously known as Autumn Chase Apartments and has undergone significant renovations since its acquisition in 2019 for $60.25 million. The complex is currently being marketed by JLL brokers Kevin Girard, Mark Stern, David Gaines, and Zachary Kaufman. The property has an occupancy rate of 98 percent and average rents of $1,636 per unit or $2.19 per square foot. The decision to sell comes at a time when the local multifamily sector is facing challenges due to rising interest rates and shifting investor expectations, resulting in a slowdown in property transactions. Despite this, some large deals have been completed, such as FPA Multifamily's purchase of the nearby 642-unit Reserve at Hoffman Estates for over $102 million, highlighting ongoing interest in suburban multifamily properties with potential for improvement and rent increases. While market conditions are challenging, the Chicago multifamily sector remains resilient, as evidenced by The Main in downtown Evanston maintaining a 97 percent occupancy rate with an average rent of $2,877 per month.