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Pensam Adds to Chicagoland Multifamily Portfolio
Miami-based investment firm Pensam has acquired Lakeside Apartments in Wheaton, IL and Aspen Place Apartments in Aurora, IL. Deal terms for the 620-unit portfolio weren’t disclosed.
‘The acquisition of Lakeside and Aspen Place reflects our conviction in the stable market fundamentals across most of Chicago’s suburbs, and in our management strength in those markets,” said Hen Shoval, principal and director of investments at Pensam. “Both properties provide a unique opportunity to add value through selective capital improvements and management practices.”
Pensam’s current management portfolio runs to more than $3 billion across its equity and lending platforms. Its Chicagoland-area multifamily holdings include Grand Oaks in Gurnee, Lakes at Fountain Square in Waukegan, Legend Park in Schaumburg, Prentiss Creek in Downers Grove and The Views of Naperville and Windscape of Naperville.
- ◦Sale/Acquisition
