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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 
JVM Realty has acquired the Courthouse Square apartments in Wheaton, IL, marking its eighth acquisition in Illinois

JVM Snaps Up Class A Wheaton Multifamily

JVM Realty Corp., a vertically integrated multifamily real estate investment and property management firm, has acquired Courthouse Square, a 149-unit Class A apartment community 25 miles west of Chicago in suburban Wheaton, IL. The acquisition price wasn’t disclosed. 

“Apartment communities of this caliber are in high demand given the strong employment fundamentals and high barriers to entry for home ownership,” said Jay Madary, president and CEO of JVM Realty Corp. “The acquisition of Courthouse Square fits our long-term strategy of pursuing investments where we can leverage our local experience and extensive operating platform to enhance performance, using disciplined underwriting to reflect current and projected market conditions.” 

With this latest acquisition, JVM now owns eight apartment properties in Illinois. JLL Capital Markets represented the seller in this transaction. The team was led by managing directors Kevin Girard and Mark Stern, director Zach Kaufman and senior analyst Avi Schiffman.


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JVM Realty

About Paul Bubny

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 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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