JVM Realty Corp., a vertically integrated multifamily real estate investment and property management firm, announced that it has entered into a joint venture partnership with DRA Advisors to acquire Enclave at 127th, a 340-unit multifamily community located in Plainfield, Illinois.
Enclave at 127th has been part of JVM Realty’s portfolio since 2014. Built in 2013, the community offers a mix of studio, one-, two- and three-bedroom apartment homes in Chicago’s southwest suburbs.
The partnership marks an important milestone for JVM Realty as the firm continues to expand its investment platform through joint venture relationships with institutional partners. Through this collaboration, JVM Realty and DRA Advisors will work together to build on the strength of Enclave at 127th, with a shared focus on enhancing the resident experience through apartment unit renovations and amenity enhancements while creating long-term value for investors.
“I am thrilled to partner with DRA Advisors on the acquisition of Enclave at 127th. Enclave has been an excellent property in JVM Realty’s portfolio since 2014, and partnering with DRA Advisors will allow JVM Realty to enhance the residence experience through strategic capital improvement,” said Jay Madary, president and CEO of JVM Realty.
With this partnership, JVM Realty is further strengthening its role as a multifamily investment and property management firm while expanding the ways it collaborates with institutional partners. The joint venture reflects JVM Realty’s continued focus on disciplined growth, operational excellence and relationship-driven investment opportunities across the Greater Midwest.
“We are excited to expand our multifamily presence in the Midwest through the acquisition of Enclave at 127th. This investment also marks the start of a partnership with JVM Realty, a best-in-class platform with a strong track record and potential for growth,” said Adam Breen, chief capital officer at DRA Advisors.
Enclave at 127th offers residents convenient access to the surrounding southwest suburban Chicago area. The community will continue to benefit from JVM Realty’s hands-on management approach, operational expertise and commitment to creating communities where residents feel valued and supported.
