DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), acquired Alice Mae Court, a multifamily townhome portfolio in Orland Park, IL, for $5.36 million. Alice Mae Court will be marketed by affiliate DMG Leasing and managed by DMG.
“This acquisition allows us to strategically add rental townhomes to DMG Capital’s multifamily portfolio while at the same time maintaining our disciplined investment focus of pursuing properties that are well-located with strong revenue growth potential,” said Roger Daniel, president and co-founder, DMG Capital.
“Alice Mae Court is an optimal opportunity as it is new, high-end construction that is well-located in highly desirable Orland Park directly across from Centennial Park and just steps from the 153rd Street Metra Station,” he continued.
The property includes 16 townhomes with a mix of large three- and four-bedroom units featuring high-end finishes throughout, in-unit laundry, private balconies and attached two-car heated garage parking spaces.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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