
Golub, Petiole JV on Carol Stream Apartments
Golub & Company and Petiole Asset Management closed a joint venture acquisition of Lakehaven Apartments in Carol Stream, IL, marking the first residential JV between the two firms and the third JV overall. Golub will provide property management and leasing services at the 492-unit property.
Leading the acquisition were Adam Short, SVP of acquisitions; Ania Najder, director of acquisitions; and Kristin Nason, regional portfolio manager, all from Golub , and Petiole principal Chris Lord. The seller, Lakehaven Apartments LLC, was represented by JLL’s Marty O’Connell, Danny Kaufman, Wick Kirby and Kevin Girard.
“Lakehaven has recently undergone an in-unit and amenity repositioning program yet offers new ownership the ability to incrementally improve upon the previously completed program to offer top-quality amenities and unit finishes,” said Short. “From the perspective of the submarket there has been very limited new supply which we believe will bode well for occupancy over the long term.”
- ◦Acquisition