Investor buys The Residences at Hamilton Lakes
ITASCA -- JVM Realty Corp. said it has acquired The Residences at Hamilton Lakes, a 297-unit luxury apartment community in Itasca.
JVM is a Chicago-based multifamily real estate investment and property management firm. Financial terms of the transaction were not disclosed.
Located at 1133 N. Arlington Heights Road, The Residences at Hamilton Lakes is made up of three, four-story residential buildings and a clubhouse set on 10.7 acres within the Hamilton Lakes Business Park. Built in 2017, the Leadership in Energy and Environmental Design-certified community features a mix of studio, one-, two- and three-bedroom apartments.
"The community is a perfect blend of luxury and location that sets it apart from other rental options in the market, and our award-winning management team will optimize performance and revenue while providing a best-in-class resident experience," said Jay Madary, president and CEO of JVM Realty Corp.