Lincoln Park Townhomes is a 156-bed student housing asset located just two blocks from Illinois State University in Normal, IL. This all brick townhome property was running at just 72% occupancy when JDP acquired it in March 2019. While undergoing a complete gut renovation of all the units and management turnover, the property was leased to 95% by August 2019 at significantly higher rents. This property was sold in December 2019.
| Investment | Acquisition |
| Asset Class | Student Housing |
| Status | Realized |
| Market | Illinois State University |
| Construction | 2004 |
| Beds | 156 |
| Square Feet | 58,500 |
| Property Website | yarealty.com |
Shaun Buss
Shaun is a Partner of Jackson Dearborn Partners, where he oversees acquisitions & site selection, with a main goal of growing the JDP portfolio. Shaun brings a very diverse background with 25 years of business experience in multiple industries including the last 18 years in real estate. Read more
Before his business career started, Shaun served his country for six years, four of which were as a Sonar Technician stationed aboard the USS Salt Lake City, a nuclear attack submarine. Following his honorable discharge from the service, Shaun spent nine years employed in the securities industry mainly as principal of his own derivatives trading firm. He went into real estate in 2003 as a broker at Marcus & Millichap before founding Triad Real Estate Partners in 2010 and Jackson Dearborn Partners in 2014.
Shaun graduated from Eastern Illinois University, is a licensed real estate broker in five states, and holds his Series 3 and Series 7 FINRA designations. Shaun is a long time Chicago resident and lives in the South Loop with his wife Maureen and their daughter.