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JVM Acquires Luxury Apts. in Downers Grove
JVM Realty Corp. acquired Maple & Main, a 115-unit luxury apartment community in Downers Grove, IL. Deal terms weren’t disclosed.
The Oak Brook, IL-based company also announced it will close its JVM Realty Apartment Fund 7 and JVM Multi-Family Premier Fund III funds to investment by the end of the year. Combined, the funds are expected to raise more than $115 million.
“The acquisition of Maple & Main and the closing of these two funds mark an exciting end to a great 2019 for our company,” said Jay Madary, JVM’s CEO. “Maple & Main is an outstanding asset located in suburban Chicago, one of our target Midwestern markets, and I’m confident it will perform very well and deliver the targeted returns to our investors.”
Maple & Main was completed in 2018 and will be managed by JVM Management. JVM now owns and operates five apartment communities in suburban Chicago.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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