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Becovic acquires two Class A apartment buildings in East Moline, Illinois

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Becovic acquires two Class A apartment buildings in East Moline, Illinois

May 05
14:49 2022
20 million dollar acquisition of two apartments buildings totaling 162 units

East Moline, IL – Becovic Quad Cities has acquired two apartment communities located in East Moline, Illinois, for 20 million dollars. 

Built in 2016, The Waterfront Apartments Quad Cities is a 90-unit apartment building with direct views of the Mississippi River. The building units include 1,2, and 3-bedroom apartments. Amenities include a fitness room, community center, sand volleyball court, and the very popular Senor Julio and Srirachi Thai restaurants.

Built in 2021 The Bend Apartments is a 72-unit apartment building with a studio plus 1 and 2-bedroom apartments. The property is part of the Bend Quad Community, which boasts 132 acres of prime real estate formerly occupied by the Case IH factory and situated right on the Mississippi River. The community offers retail stores, restaurants, the Bend Xpo, The Rust Belt Concert Venue, Hyatt Place Hotel, and the Murphy Park and Band Shell 

“We are excited to be a part of this growing Quad Cities community and provide a great apartment living experience to our residents,” says Principal Mr. Isa Becovic. “The manufacturing base is strong, and we believe the recent completion of the I-74 bridge will bring more traffic and awareness to the beauty and amenities of the East Moline waterfront. A new self-storage facility will be opening at the Waterfront Apartments next month, and we are finalizing a lease for a new restaurant/brewery concept at the same property.” Ryan Kastner of Heartland Bank financed the acquisition.

About Becovic Quad Cities 

Becovic Quad Cities is a subsidiary of Becovic Management Group and is a family-owned private real estate company with over 5000 units located in the Midwest and Southeast.  

Since 1973, Becovic Companies have invested in multifamily communities to exceed resident expectations, improve property operations, and become influential citizens in their community.

For apartment community information, visit www.becovicqc.com

Apartment Communities Pictures: 

Media Contact
Company Name: Becovic Quad Cities
Contact Person: Mr.Junaid Ali, Regional Manager
Email: Send Email
Phone: 7085660514
Address:2900 River Road
City: East Moline
State: Illinois
Country: United States
Website: www.becovicqc.com