by Cedric ‘BIG CED’ Thornton
The Harmony Apartments were purchased by the player’s company, Ante
NBA All-Star player Giannis Antetokounmpo recently purchased a Chicago building to add to his extensive off-court business empire.
Harmony Apartments is approximately 85 miles from the Milwaukee Bucks’ home stadium, Fiserv Forum (Antetokounmpo is the Bucks’ star player).
Essex Realty Group sold the property to Ante and was backed by Old National Bank, which provided the company with an $11 miilion loan.
The property was the most recent in the company’s real estate acquisitions, with Ante investing more than $69 million in several buildings totaling 186 apartment units over the past several months. Those purchases have taken place in Chicago, Wisconsin, and Brooklyn.
In October, Ante purchased a 39-unit building, The Atwater, in Shorewood, Wisconsin, for $11.75 million. The following month, the company acquired The Emerson in Madison, a 41-unit building, for $11.6 million.
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Source: Black Enterprise
