
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.
- ◦Sale/Acquisition