Osso Capital Acquires 344-Unit Multifamily Complex In Villa Park For $73M

A historic Ovaltine factory in Villa Park, known as the Ovaltine Court apartment complex, has been sold for $73 million. The 344-unit multifamily property, located at 1 Ovaltine Court, has been acquired by Osso Capital, led by former Blackstone executive Olivia John. The deal resulted in a gain of $13 million for the seller, Stockbridge Capital, who had initially purchased the property in 2013 and invested $1.6 million in upgrades.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $73,000,000
• Units: 344
• Price per Unit (PPU): $212,209
• Buyer: Osso Capital - Olivia John
• Seller: Stockbridge Capitals - Terry Fancher
• Broker: JLL

The Ovaltine Court apartment complex transaction was facilitated by JLL, representing both the buyer, Olivia John of Osso Capital, and the seller, Terry Fancher of Stockbridge Capital. The sale price of $73 million reflects a per unit price of approximately $212,000. This transaction marks a successful investment for Stockbridge, resulting in a $13 million gain.