DMG Capital, Wayland Real Estate Capital Acquire North Side MF

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), partnered with Wayland Real Estate Capital to acquire 4179 W. Belmont.

The 17-unit apartment community in the North Chicago Avondale neighborhood is new construction two and three-bedroom units with luxury condo-quality finishes. The building has been professionally managed by DMG since February 2023, and DMG will continue to both manage and lease the property through DMG Leasing post-acquisition. “As the existing property manager, DMG had a unique opportunity to understand the property’s market value,” said Roger Daniel, co-founder of DMG Capital.

Wayland Real Estate Capital was formed this year by founders, Matthew Berry, Jason Manaster and Marc Klutznick. This is the first joint venture between DMG and Wayland. “There is an increasing demand for high quality spacious apartments throughout Chicago’s neighborhoods, said Marc Klutznick, co-founder of Wayland Real Estate Capital. “The building’s location and high-end finishes meet the demands of today’s residents.” 

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!