JVM Buys Multifamily Community Near Indianapolis
JVM Realty Corp., a sponsor of non-traded real estate investment programs, has purchased Satori Flats in Avon, Indiana.
JVM Realty Corp., a sponsor of non-traded real estate investment programs, has purchased Satori Flats, a newly constructed Class A multifamily community located in the Indianapolis suburb of Avon, Indiana. The purchase price was not disclosed.
Satori Flats was built in 2019 and has 269 units. The property will be managed by JVM Management Inc. and is the third JVM owned and managed property in the area.
“Satori Flats’ highly desirable location in the growing suburban town of Avon—just five miles from downtown Indianapolis and 10 minutes from Indianapolis International Airport—provides residents with luxurious living in a fully-amenitized residence,” said Jay Madary, president and chief executive officer of JVM Realty Corp.
Based in Oak Brook, Illinois, JVM is a real estate investment and property management firm that oversees a $1 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kansas, and Missouri. The company’s total portfolio consists of 18 communities totaling 4,909 units.
