DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) completed the acquisition of Roselle Station Luxury Apartments, a 72-unit apartment community located in Roselle, Illinois.
DMG Capital partnered with JDI Realty (JDI) and The Wolcott Group, two Chicago-based real estate investment firms, to acquire the property. Roselle Luxury Apartments has been professionally managed by DMG since September 2022, and DMG will continue to both manage and now lease the property, through DMG Leasing, post-acquisition.
“We are proud to acquire Roselle Station Luxury Apartments along with JDI and The Wolcott Group. The property is well-located and offers spacious, condo-quality units to its residents,” said Roger Daniel, President and Co-Founder, DMG Capital. “As the existing property manager, we had a unique opportunity to acquire the Roselle Luxury Apartments. We understood both the property’s market value and strong potential to realize revenue growth.”
Roselle Luxury Apartments consists of 72 units that are all two-bedrooms and two full bathrooms with a mix of floor plans. Residents enjoy an apartment community with large units all with contemporary luxurious finishes. Residents also have access to green space, the Roselle’s downtown and Metra station, making it easy to commute to the city. Additionally, there are plans for residents to get access to bundled services including internet.
“Roselle Luxury Apartments exemplify today’s real estate trends and opportunity,” said Jeff Aeder, Founder of JDI Realty. “The property’s high-quality finishes and spacious units secured our interest in this acquisition.”
“We look forward to an ongoing partnership with DMG and DMG Leasing post-acquisition to continue the strong management of the building with the goal meeting resident’s need and realizing the property’s potential,” said Andrew Goodman, Principal of The Wolcott Group.