Kip Kirkpatrick Of Vistria Group And Jerome Nichols Of Standard Real Estate Investments Acquire Fox Valley Villages For $93.2M

The property involved in the transaction is an apartment community located at 710 S Eola Road in Aurora. The asset type is multifamily, consisting of 420 units and sold for a price of $93,200,000, resulting in a per-unit price of $221,905.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $93,200,000
• Units: 420
• Price Per Unit: $221,905
• Buyer: Kip Kirkpatrick - Vistria Group
• Buyer: Jerome Nichols - Standard Real Estate Investments

Kip Kirkpatrick from Vistria Group and Jerome Nichols from Standard Real Estate Investments are the key individuals representing the buyers in this transaction. They have partnered for their second significant investment in the Naperville/Aurora submarket, planning to invest an additional $8 million in property upgrades while maintaining long-term affordability for over half of the units, thereby expanding their joint portfolio to a total of 836 units in the submarket.