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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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