JVM Realty Corp. has entered into a joint venture partnership with DRA Advisors to acquire Enclave at 127th, a 340-unit multifamily community located in Plainfield, Illinois.
Enclave at 127th has been part of JVM Realty’s portfolio since 2014. Built in 2013, the community offers a mix of studio, one-, two- and three-bedroom apartment homes in Chicago’s southwest suburbs.
The partnership marks an important milestone for JVM Realty as the firm continues to expand its investment platform through joint venture relationships with institutional partners. Through this collaboration, JVM Realty and DRA Advisors will work together to execute unit renovations and amenity enhancements. With this partnership, JVM Realty is further strengthening its role as a multifamily investment and property management firm while expanding the ways it collaborates with institutional partners.
Enclave at 127th offers residents convenient access to the surrounding southwest suburban Chicago area. The community will continue to benefit from JVM Realty’s hands-on management approach, operational expertise, and commitment to creating communities where residents feel valued and supported.
The post JVM Realty, DRA Advisors to Acquire 340-Unit Multifamily Property in Plainfield appeared first on Connect CRE.
​Â