Oakwood Estates is an 80-unit LIHTC multi-family property located in Decatur, IL. Still coming out of the recession, Oakwood was acquired in May, 2014 at a going-in 10% capitalization rate. Since then, the property has averaged occupancy north of 97% and been refinanced with non-recourse Fannie Mae debt. All capital has been returned to investors and the property continues to be a high yield portfolio asset.
| Investment | Acquisition |
| Asset Class | Multi-Family |
| Status | Stabilized |
| Market | Decatur, IL |
| Construction | 1995 |
| Units | 80 |
| Square Feet | 69,720 |
| Property Website | oakwoodestatesil.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.