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.