Jay Madary Of JVM Realty Acquires 280-Unit Springs At Oswego From James H. Schloemer

The transaction involves the 280-unit Springs at Oswego apartment community located at 801 5th Street, Oswego, Illinois. The property is categorized as multifamily and was built in 2019. It is now known as Trillium at Oswego, contributing to JVM Realty's portfolio in high-demand suburban Chicago markets with restricted new multifamily supply.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 280
• Address: 801 5th Street
• Market: Oswego, IL
• Buyer: Jay Madary - JVM Realty
• Seller: James H. Schloemer - Continental Properties
• Broker: Brad Smith - Cushman & Wakefield

This deal marks a strategic expansion for JVM Realty, increasing their presence in Illinois to eight communities. Cushman & Wakefield facilitated the transaction, underscoring their role in connecting JVM Realty with Continental Properties for this acquisition.