Leon Capital Group Enters Midwest Market with Naperville MF Investment

Leon Multifamily and Leon Financial, both subsidiaries of Leon Capital Group, announced a preferred equity investment of $10.76 million in an apartment community in Naperville, Illinois.

The investment represents a milestone as the company expands its real estate platform into the credit space. The project, completed in February 2025, caters primarily to residents aged 55 and older. The community includes a pool, hot tub, golf simulator, fitness center, dog park, community lounges, coffee bar, salon, and heated parking garage. The property is located approximately 30 miles west of downtown Chicago in the heart of Naperville.

“Naperville is one of the highest-performing suburban markets in the country, and there simply are not enough quality options for the 55-plus demographic,” said Fernando Mendez, Managing Director at Leon Financial. “This property is representative of the well-built, well-located community our investors want exposure to, offering strong downside protection while positioning us to benefit from continued rent growth.”