JVM Realty Corp. (JVM), a multifamily real estate investment and property management firm, has held a final close for its Fund 6 and Premier Fund II equity funds. Combined, the funds raised $109 million.
The two funds are currently co-invested in four apartment communities in Indianapolis, Kansas City and suburban Chicago, and are set to co-invest in a fifth community later this month.
Premier Fund II has invested in an additional community in Aurora, Ill. The total acquisition cost of the six communities will be $332.4 million. Investors in the two funds include high-net-worth individuals, trusts and insurance companies.
JVM closed on three of the communities in which Fund 6 and Premier Fund II are co-invested in the fall of 2017. Those properties include Circa, a 265-unit luxury apartment community in Indianapolis’ Mass Avenue Arts District; Avant at the Arboretrum, a 310-unit luxury apartment community in Lisle, Ill.; and Summit on Quality Hill, a newly cons
