Acquired in 2011 for $3.8 MM, Vesta Lofts was a historic redevelopment of the Vesta Battery Corporation Headquarters. This 100+ year old, 65,000 square foot brick and timber warehouse was transformed into 59 loft apartments, 7,700 square feet of retail space and a surface parking lot.

After years of successful operation, Vesta Lofts, was sold in the beginning of 2020 for $27 million. The successful sale netted a 34% IRR  and an overall 6.85x on invested equity.

Vesta Lofts was a joint venture between JK Equities, LLC, OAK Capitals, LLC and Time Equities, Inc

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Building at the corner of Indiana Avenue and 21st Street, Chicago, c. 1900. Photographer - Charles E. Barker.

Building at the corner of Indiana Avenue and 21st Street, Chicago, c. 1900. Photographer – Charles E. Barker.