Golub & Company and Petiole Asset Management have announced a joint venture acquisition of Lakehaven Apartments in Carol Stream, Ill., marking the first residential joint venture between the two firms and the third overall.
The sales price was not disclosed; however, the seller is Lakehaven Apartments LCC.
Lakehaven Apartments, located at 732 Bluff Street in Carol Stream, DuPage County, IL, was constructed in 1984 and is the newest apartment community in this mature suburban township. The property, while close to major employers and highways, also benefits from its pastoral setting surrounded by 100 acres of park land and lakes. The 492 apartment homes are spread across 41 buildings and feature a mix of 1-, 2-, and 3-bedroom layouts ranging in size from 700 to 1,100 square feet with an average unit size of 868 square feet. Amenities include a clubhouse, resort-style pool, fitness room and fenced dog park.
“Lakehaven has recently undergone an in-unit
