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DMG Capital, JDI Realty, And The Wolcott Group Acquire Roselle Station Luxury Apartments In $19.7M Deal

Property Image
SOLD
$19,700,000

Illinois

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MultiFamily
Sold 11/20/2023
the dealdetailscomps
Property Image
SOLD

DMG Capital, JDI Realty, And The Wolcott Group Acquire Roselle Station Luxury Apartments In $19.7M Deal

730 Irving Park Road

See Similar Deals
MultiFamily
Sold 11/20/2023
the dealdetailscomps

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The Roselle Station Luxury Apartments in Roselle, Illinois have been acquired by DMG Capital, JDI Realty, and The Wolcott Group in a joint venture. The multifamily property consists of 72 units, all of which are two-bedroom floor plans. The transaction closed at a sale price of $19,700,000, resulting in an average price per unit of $273,611.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,700,000
  • Address: 730 Irving Park Road, Chicago
  • Market: Chicago

DMG Capital, represented by Roger Daniel and Robert Wasserman, partnered with JDI Realty, represented by Jeff Alder, and The Wolcott Group, represented by Ari Golson and Andrew Goodman, to complete the acquisition of Roselle Station Luxury Apartments. DMG Capital will continue to manage and lease the property going forward.

Details

SOLD
IMAGE: Robert Wasserman, Jeff Aeder, Ari Golson, Roger Daniel & Andrew Goodman DATE: 11/20/2023 ADDRESS: 730 Irving Park Road MARKET: Chicago ASSET TYPE: Multifamily BUYER: Roger Daniel & Robert Wasserman - DMG Capital (@Management_Matters); Jeff Aeder - JDI Realty; Ari Golson & Andrew Goodman - The Wolcott Group SALE PRICE: $19,700,000 UNITS: 72 ~ PPU: $273,611 NOTE FROM BUYER: DMG Capital partnered with JDI Realty and The Wolcott Group to acquire Roselle Station Luxury Apartments in Roselle, Illinois, a 72-unit property of all two-bedroom floor plans. DMG currently manages and will continue managing and leasing the property.

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