Jay Madary Of JVM Realty Acquires 340-Unit Enclave At 127th From David Luski Of DRA Advisors

The property asset involved in this transaction is a multifamily community known as Enclave at 127th, located at 23760 West 127th Street, Plainfield, IL. The asset consists of 340 units and was built in 2013. The investment is part of JVM Realty's portfolio, which has included the property since 2014.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not Disclosed
• Units: 340
• Buyer: Jay Madary - JVM Realty
• Seller: David Luski - DRA Advisors

The acquisition involved a joint venture between JVM Realty Corp. and DRA Advisors, which manages approximately $12.6 billion in gross assets. The partnership intends to undertake upgrades to the units and amenities as part of JVM’s strategy to expand its institutional investment platform.