Home Real Estate DMG Capital Announces Acquisition of 72-Unit Luxury Apartments
Real Estate

DMG Capital Announces Acquisition of 72-Unit Luxury Apartments

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) completed the acquisition of Roselle Luxury Apartments, a 72-unit apartment community located in Roselle, Illinois.

DMG Capital partnered with JDI Realty and The Wolcott Group, two Chicago-based real estate investment firms, to acquire the property. DMG has professionally managed Roselle Luxury Apartments since September 2022, and DMG will continue to both manage and now lease the property, through DMG Leasing, post-acquisition.   

“We are proud to acquire Roselle Luxury Apartments along with JDI and The Wolcott Group,” said Roger Daniel, president and co-founder of DMG Capital. “We understood both the property’s market value and strong potential to realize revenue growth.” 

Roselle Luxury Apartments consists of units that have two bedrooms and two full bathrooms with a mix of floor plans. “Roselle Luxury Apartments exemplify today’s real estate trends and opportunity,” said Jeff Aeder, founder of JDI Realty.

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...