JVM Realty Acquires 280-Unit Trillium at Oswego Apartment Community in Illinois

JVM Realty Corp. announced it has acquired a 280-unit apartment community in Oswego, Illinois, and rebranded the property from Springs at Oswego to Trillium at Oswego. The company purchased the property from Continental Properties in a transaction brokered by Cushman & Wakefield.

Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across a collection of 2-story residential buildings. According to the announcement, the property offers studio, 1-bedroom, 2-bedroom and 3-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.”

The company stated that 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.

Community amenities include a heated swimming pool, a 24-hour fitness center, a clubhouse with lounge and entertainment areas, outdoor grilling stations, a fire pit, a car wash, and gated access. The property also features 2 dog parks, a pet spa and no pet weight restrictions.

Jay Madary, president and CEO of JVM Realty, said the acquisition brings the company’s Illinois portfolio to 8 active communities. According to the release, JVM now operates 22 communities across the greater Midwest.

The property is located in Oswego, in the southwestern Chicago suburbs, near the Route 34 retail corridor with connectivity to major employment centers along the Interstate 88 corridor.

The transaction represents JVM’s 4th deal with Continental Properties.