Pensam Acquires West Dundee Apartments
Miami-based Pensam has acquired 1900 at Canterfield, a 260-unit stabilized multifamily community in West Dundee, IL. Pensam didn’t disclose the seller or price.
“The addition of 1900 at Canterfield to our growing apartment portfolio fits extremely well with our strategy of investing in properties with unique features and in markets where we have an existing footprint and strong management capabilities,” said Hen Shoval, principal and director of investments at Pensam.
He continued, “In addition to its excellent location in an affluent suburban market, 1900 at Canterfield features large units with attached garages and direct access entries, as well as a very low-density site plan with only 11 units per acre – all of these features that are particularly valuable to renters today.”
Built in 2018, the property is located half a mile north of Interstate 90, providing convenient access to the I-90 Corridor/Schaumburg job market.