The roof deck and pool at HUBBARD221 apartments in Chicago.

Draper and Kramer, Incorporated, a national real estate services firm, today announced it has expanded its multifamily portfolio with the acquisition of HUBBARD221, a 195-unit luxury apartment tower in Chicago’s River North neighborhood. The property was purchased by Draper and Kramer through a 1031 exchange following the firm’s sale of Prairies Shores, a 1,675-unit, multi-building apartment community in Chicago’s Bronzeville neighborhood. Terms of the purchase were not disclosed.

Keep Tabs on Us

Industry updates, insights, and Draper and Kramer news—all delivered straight to your inbox.