National landlord Waterton Residential acquired The Mason, a 263-unit, 14-story apartment building in downtown Chicago.  

Located at 180 N. Ada St. in the Fulton Market district, The Mason offers studio, one-, two- and three-bedroom apartments. Waterton plans to implement a limited value-add program that will see flooring upgrades to units and enhancements to amenity spaces and common areas.  

Community amenities include a rooftop deck with grilling stations and seating areas, pool deck, fitness center, remote work space and dog wash and dog run. Walton said it would explore possibly repositioning common areas to improve resident experience.  

“The Mason is an excellent addition to our portfolio, and we are thrilled to be back in the West Loop neighborhood of Chicago,” said Casey Mog, vice president of acquisitions at Waterton. “The favorable supply/demand dynamic in downtown Chicago, combined with the quality features of the units and common areas in this dynamic West Loop location, makes The Mason an attractive investment opportunity.”