October 10, 2019
JM Realty Corp. acquired Uptown La Grange, a 254-unit luxury apartment community in La Grange, IL, for an undisclosed sum. JVM Management Inc. will manage the property, which was built in 2017 by the Opus Group.
Uptown La Grange marks the second suburban Chicago apartment community JVM has acquired in the past two weeks. In late September, the company completed its purchase of Randall Highlands in North Aurora, IL. The Midwest-focused company now owns and operates five multifamily properties in the area.
“We are always excited about the opportunity to make strategic additions to our portfolio, and Uptown La Grange is an apartment community that has a tremendous amount going for it in terms of its location, its walkability and its onsite features,” said Jay Madary, president and CEO of Oak Brook, IL-based JVM.
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