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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  August 7, 2026
Jasmine Kilman
By: Jasmine Kilman

Berkadia Arranges Recapitalization of MF Within Chicago MSA

Berkadia announced the recapitalization of Enclave at 127th, a 340-unit value-add apartment community in Plainfield, Illinois.

Senior Managing Directors Gordon Reynolds and Brian Myers of Berkadia Strategic Capital and Pete Evans of Berkadia Chicago; Senior Director Richard Evans of Berkadia Milwaukee; Associate Director Brad Mori of Berkadia Chicago; and Vice President Conner Adkins of Berkadia Strategic Capital led the transaction.

The sponsor, Chicago-based JVM Realty Corporation, is a vertically integrated, privately owned and operated real estate investment firm. The joint venture equity partner is New York-based DRA Advisors, a real estate investment advisor specializing in value-add investing. JVM will retain ownership through an affiliated investment fund, and the recapitalization positions the partnership to execute its value-add business plan.

Conveniently located north of Interstate 55 within the dominant I-55 Industrial Corridor, Enclave is also less than 20 minutes south of Downtown Naperville and the heart of the I-88 Illinois Technology & Research Corridor.

Stay ahead of the multifamily market at Connect Apartments. Gain firsthand insights from industry leaders on capital markets, development, operations, financing, and investment trends while expanding your network with the people making deals happen. See you on September 22!

Read More News Stories About: Berkadia
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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