DMG Capital, the multifamily investment arm of Daniel Management Group (DMG) based in Chicago, has recently acquired Linkt Apartments located in the River West neighborhood. The property consists of 47 luxury apartments and two street-level retail tenants and was purchased for $14.2 million.
To arrange debt financing for this acquisition, DMG Capital collaborated with Philip Galligan and Danny Kaufman from JLL Capital Markets. This marks DMG’s third purchase within a span of six months, bringing their total new assets to $40 million. Craig Martin from Interra Realty acted as the buyer’s broker while Jos Smazal also from Interra Realty served as the listing broker.
“We are excited to continue expanding our portfolio at DMG Capital,” said Robert Wasserman, co-founder of DMG Capital. “Linkt is situated in a highly desirable rental destination in River West and offers key features such as prime location, outdoor spaces, and high-quality finishes that align with current rental trends.”
Meredith Katz , Shareholder & Co-Chair of Greenberg Traurig LLP’s Chicago Real Estate Practice along with Ariel Murray , Shareholder at Greenberg Traurig LLP specializing in Chicago Real Estate represented DMG Capital during their purchase of Linkt Apartments by working closely with its principles to ensure a successful outcome.
“Thanks to its extensive experience managing luxury boutique rentals coupled with value-added management strategies,” commented Roger Daniel , founder o
