200 North Dearborn Street condo building Acquired by YK Investments | Real Estate Services M&A Deal

YK Investments has acquired 200 North Dearborn Street condo building, a property management business in Illinois, for $98 million. The 310-unit 200 North Dearborn Street condo building acquisition is part of real estate services M&A focused on bulk buyout and conversion planning in Chicago’s Loop. YK Investments acquisitions in IL target a real estate services deals IL platform for managing condo units and supporting rental transition economics. The divestiture acquisition is a private equity acquisition attempt under Illinois condo bulk-sale rules requiring 85% owner approval, following two prior failed efforts by YK Investments acquisitions led by Yitzy Klor. The announced deal size is $50 million–$100 million, with $3.1 million allocated for buyer vote incentives and $1 million for unit owner upgrades.