JVM Realty Corp., a multifamily real estate investment and property management firm, has purchased Seasons at Romeoville, a 240-unit apartment community in the Chicago suburb of Romeoville, from Fiduciary Real Estate Development Inc.
JVM will rename the 21-acre site apartment community to The Bluffs. The community was built in 2021 and offers layouts ranging from junior one-bedrooms to three-bedroom, two-bathroom apartment homes. Many of the apartment homes come with an attached garage and a private patio or balcony. With this deal, JVM now owns and manages seven apartment communities in Illinois and 22 communities representing $1.6 billion in assets under management throughout the midwest.
“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,” says Jay Madary, president and CEO of JVM Realty Corp.
JLL Capital Markets represented Fiduciary in this transaction.