JVM Acquires Apartment Community in Chicago
JVM Realty Corp., a multifamily real estate investment firm and sponsor of private placement offerings, acquired Seasons at Romeoville, a 240-unit luxury apartment community
JVM Realty Corp., a multifamily real estate investment firm and sponsor of private placement offerings, acquired Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from Fiduciary Real Estate Development Inc.
JVM will rename the apartment community to The Bluffs.
“We are thrilled to add another best-in-class investment opportunity to our growing portfolio,” said Jay Madary, president and chief executive officer of JVM Realty Corp. “The combination of luxury, style and convenience this property provides, along with JVM’s award-winning management team delivering a superior resident experience, positions the property to perform at a high level for years to come.”
Located at 501 S. Weber Road in the village of Romeoville, The Bluffs was built in 2021 and offers layouts ranging from junior one-bedrooms to three-bedroom, two-bathroom apartment homes. Residents will have direct entries, finishes including stainless steel appliances, quartz countertops, plank-style flooring, walk-in closets, bathrooms with glass shower enclosures and full-size washers and dryers. Many apartment homes come with an attached garage and private patio or balcony.
Community amenities include a 24-hour fitness center, clubhouse with caterer’s kitchen, a pool with a sundeck, an outdoor living room with grilling stations and a fireplace and a dog park and pet washing area.
The property is in Will County, 45 minutes southwest from downtown Chicago and provides access to I-55 and I-80 industrial.
With this latest acquisition, JVM now owns and manages seven apartment communities in Illinois and 22 communities.
Based in Oak Brook, Illinois, JVM operates a $1.6 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kansas, Missouri and Wisconsin.
