DMG Capital Acquires Chicago Apartments in River West

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), has acquired the Linkt Apartments in Chicago. The River West neighborhood property includes 47 luxury apartments and two street-level retail tenants. The property sold for $14.2 million.

DMG Capital partnered with Philip Galligan and Danny Kaufman of JLL to arrange the debt financing.  Meredith Katz, Shareholder and Co-Chair of the Chicago Real Estate Practice at global law firm Greenberg Traurig, LLP, and Ariel Murray, a Chicago Real Estate Shareholder at the firm, represented DMG Capital in the purchase of Linkt. Craig Martin of Interra Realty was the buyer’s broker, and Joe Smazal of Interra Realty was the listing broker. 

The modern condo-quality construction includes gourmet kitchens, upscale bathrooms, private balconies, in-unit washer/dryers and indoor parking. The building is also in a highly sought-after location with easy access to the CTA Blue Line and Kennedy Expressway

“Linkt is a perfect addition to DMG Capital’s current portfolio,” said Philip Galligan of JLL Capital Markets, Americas. “DMG is an incredible operator with the unique ability to add value via hands-on management.”