JVM Realty Corp., a vertically integrated multifamily real estate investment and property management firm, has acquired Springs at Oswego, a 280-unit luxury apartment community in Oswego, Illinois. The property was purchased from Continental Properties and brokered by Cushman & Wakefield. JVM Realty rebranded the property from Springs at Oswego to Trillium at Oswego.
Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across a collection of two-story residential buildings. The property offers studio, one-, two- and three-bedroom floor plans ranging from approximately 623 to 1,430 square feet. Every residence features a private, ground-level entrance accessed directly from the outdoors, eliminating shared hallways, stairwells and elevators.
“This acquisition reflects our continued confidence in suburban Chicago and the durable apartment market supporting the region,” said Adam Short, chief investment officer of JVM Realty. “Strong occupancy, sustained renter demand and a limited pipeline of new supply continue to create a compelling environment for well-located, high-quality communities. Oswego also benefits from the long-term population and household growth occurring throughout Kendall County. We believe the property’s distinctive townhome-style design, diverse floorplan offering and private-entry living experience position it exceptionally well within the market.”
Apartment homes feature open-concept kitchens with granite countertops, stainless-steel appliances and islands or breakfast bars; wood-style flooring; walk-in closets; in-unit, full-size washers and dryers; private patios or balconies and attached or detached garage options in select homes.
Residents also enjoy resort-style community amenities, including a heated swimming pool, a 24-hour fitness center, a clubhouse with lounge and entertainment areas, outdoor grilling stations, a fire pit and a car wash. The property also offers a comprehensive pet program featuring two dog parks, a pet spa and no pet weight restrictions.
“Trillium at Oswego strengthens our presence in a market we already know extremely well and brings JVM’s Illinois portfolio to eight active communities,” said Jay Madary, president and CEO of JVM Realty. “With 22 communities across the greater Midwest, we have built an operating platform that allows us to create efficiencies, share expertise across markets and deliver consistent execution at scale. Our in-house property management, revenue management, marketing and technology capabilities will enable us to enhance the resident experience, strengthen the property’s competitive position and create long-term value for our investors.”
Located in Chicago’s southwestern suburbs, Oswego provides residents with convenient access to employment, shopping, dining and recreation throughout Kendall, Kane, DuPage and Will counties. The community is near the Route 34 retail corridor and offers connectivity to the broader Chicagoland region, including major employment centers along the Interstate 88 corridor.
“Springs at Oswego is exactly the type of asset investors are targeting today — a newer community in a high-demand submarket with limited new supply. Oswego’s A-rated schools, strong household incomes and favorable property tax environment is the triple threat for a suburban Chicago multifamily investment,” said Brad Smith, managing director, Cushman & Wakefield Midwest Multifamily Advisory Group. “It was a pleasure working with JVM on an efficient and seamless transaction. This successful closing is a testament to the strong partnership between JVM, Continental Properties and our Cushman & Wakefield team.”
The acquisition represents JVM’s fourth transaction with Continental Properties.
“Springs at Oswego has played an important role in Continental Properties’ growth across the Chicago metropolitan area and reflects our commitment to developing high-quality communities,” said Aaron Konop, finance director at Continental Properties. “We are proud of the community and resident experience our team established in Oswego, and we are confident JVM Realty’s operational expertise will position it for continued success.”
