JDI Realty Purchases Chicagoland Townhomes From Ken Buckman For $34M | 160 & 190 Goldenrod Drive | Susan Tjarksen | Single Family Residence | Sale

Summary

Sale

ILLINOIS

Single Family Residence

Located in Elgin, the property at 160 & 190 Goldenrod Drive was sold in a recent transaction. The single-family residential (SFR) asset was purchased for $34,000,000 in a deal involving Jeff Aeder, Maggie DeWoskin, and Ken Buckman. The units within the property are rented out for monthly rates ranging from $2,450 to $3,200.

Summary of transation details:

Property Type: SFR
Transaction Amount: $34,000,000
Address: 160 & 190 Goldenrod Drive
Market: Elgin

Jeff Aeder, along with Maggie DeWoskin, representing JDI Realty, acquired the townhomes from Ken Buckman. The transaction was facilitated by Susan Tjarksen from Cushman & Wakefield. Aeder's firm views this purchase as part of a broader shift towards renting over buying, influenced by factors such as high home prices and interest rates. The acquisition is seen as a strategic move to leverage geographic diversity, minimize risk factors, and attract regional investors in the real estate market.

Players

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2

Agents
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Agencies
1

Susan Tjarksen

Managing Director

$34M Sold

Cushman & Wakefield

Details

Deal Summary

SOLD

IMAGE: Maggie DeWoskin, Jeff Aeder, Ken Buckman & Susan Tjarksen DATE: 05/02/2024 ADDRESS: 160 & 190 Goldenrod Drive MARKET: Elgin ASSET TYPE: SFR BUYER: Jeff Aeder & Maggie DeWoskin - JDI Realty SELLER: Ken Buckman BROKER: Susan Tjarksen (@STjarksen)- Cushman & Wakefield (@CushWake) SALE PRICE: $34,000,000 NOTE: Chicago-based JDI Realty, led by Jeff Aeder, purchased 164 townhomes in Chicagoland from Ken Buckman for $34 million, with units renting for $2,450 to $3,200 per month, reflecting a shift towards renting over buying due to high home prices and interest rates. Aeder's firm views this acquisition as part of a growing trend in real estate, leveraging geographic diversity to minimize risk and attract regional investors, alongside recent deals like a $34 million debt issuance for Latsko Interests' Gold Coast retail portfolio.

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Address160 & 190 Goldenrod Drive

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