JVM Realty Corp. acquires luxury apartment community in Chicago
JVM Realty Corp. has acquired Courthouse Square, a 149-unit, class A apartment community 25 miles west of Chicago in Wheaton, Ill.
“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.”
Located at 250 S. Naperville Road, Courthouse Square was built in 2016 and offers one-, two- and three-bedroom apartment homes in two, six-story brick buildings. Many of the open-concept apartment homes include dens/home offices with layouts offering up to 1,520 square feet. The property is LEED Silver certified with high-end, modern finishes, such as kitchens with