JVM Realty Corp., a vertically integrated multifamily real estate investment and property management firm, has acquired Maple & Main, a 115-unit luxury apartment community in Downers Grove, Ill.
The company also announced it will close its JVM Realty Apartment Fund 7 and JVM Multi-Family Premier Fund III funds to investment by the end of the year. Combined, the funds are expected to raise more than $115 million.
“The acquisition of Maple & Main and the closing of these two funds mark an exciting end to a great 2019 for our company,” said Jay Madary, president and CEO of JVM. “Maple & Main is an outstanding asset located in suburban Chicago, one of our target Midwestern markets, and I’m confident it will perform very well and deliver the targeted returns to our investors. It’s in a highly desirable location and has exactly the kinds of features and amenities that meet the high expectations of today’s apartment residents.”
Maple & Mai
