BH Management Services Acquires Property In Aurora Represented By Justin Puppi And John Jaeger Of CBRE

The property asset involved in the transaction is Legacy at Fox Valley, a 272-home private-entry luxury apartment community located at 3750 E New York St, Aurora, IL, 60504. The property, built in 1998, features recent renovations to the clubhouse and amenities, as well as updates to more than half of the unit interiors and other major building systems. Current amenities include a renovated resort-style clubhouse, event kitchen, outdoor heated pool and sundeck, dog park, and volleyball court. The asset is situated within the Aurora market, benefiting from proximity to the I-88 E-W Tollway jobs corridor, excellent schools, and extensive retail options.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not Disclosed
• Address: 3750 E New York St, Aurora, IL, 60504
• Market: Aurora
• Seller: White Oak Partners
• Buyer: BH Management Services
• Seller's Representative: Justin Puppi-CBRE, John Jaeger-CBRE
• Closing Date: May 16, 2022

The key individuals involved in the transaction include Justin Puppi and John Jaeger, both of CBRE, who represented the seller, White Oak Partners. BH Management Services acquired the property through this closed transaction. The Aurora/Naperville submarket is highlighted for its significant multifamily net absorption, with Chicago ranking third among U.S. markets for such absorption in Q1 2022.