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JVM Buys Wisconsin Multifamily Property

JVM Realty Corp., a multifamily real estate investment firm and sponsor of private placement offerings, has purchased The Reserve at Kenosha.

JVM Realty Corp., a multifamily real estate investment firm and sponsor of private placement offerings, has purchased The Reserve at Kenosha, a 480-unit multifamily community in Kenosha, Wisconsin, for an undisclosed price.

“The Reserve at Kenosha represents an incredible investment opportunity and is a solid addition to our multifamily portfolio,” said Jay Madary, president and chief executive officer of JVM Realty Corp. “Kenosha boasts one of the strongest and fastest-growing economies in the Midwest, and The Reserve offers residents easy access to a host of quality employers and entertainment options, while still providing a place to call home. I’m extremely proud of our team and look forward to bringing a JVM-quality community to Wisconsin.”

Situated on 68 acres of land, The Reserve at Kenosha includes 23 residential buildings with a mix of studio, one-, two-, and three-bedroom floor plans. Property amenities include two 24-hour fitness centers, two pools with sundecks, kitchen and coffee bars, two onsite car care centers, three dog parks, a pet spa, among others. The property is located 35 miles south of downtown Milwaukee and 43 miles north of Chicago’s O’Hare Airport.

Formerly known as The Springs at Kenosha, the final phase of the property was completed in 2020. This will be JVM’s first community in southeast Wisconsin and will be managed by the company’s central region team.

In other company news, JVM recently purchased The Mark at Fishers District, a 260-unit apartment community located in the Indianapolis suburb of Fishers, Indiana.

Based in Oak Brook, Illinois, JVM Realty Corporation operates a $1.2 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kansas, Missouri and Wisconsin.

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