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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  February 14, 2025
Jasmine Kilman
By: Jasmine Kilman

Apartments West of Chicago Sell for $72M

Chicago-based Laramar Group has purchased the ReNew Downers Grove apartment complex for $72.1 million from FPA Multifamily.

JLL’s Kevin Girard, Mark Stern, Zachary Kaufman, and Betsy Romenes oversaw marketing the property, and JLL provided a $46.9 million Freddie Mac loan for the acquisition. San Francisco-based FPA paid $65 million for the property in September 2018.

Built in 2009, the property consists of various layouts, including studios, one-bedrooms, and a mix of two-bedroom apartments and townhomes. Located only 20 miles from downtown Chicago, ReNew Downers Grove is situated in a prime location adjacent to I-355 and Butterfield Road. The property at 2845 Easton Street is near restaurants, grocery stores, recreation and retail.

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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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