DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), has recently completed the acquisition of Roselle Luxury Apartments. This 72-unit apartment community is located in Roselle, Illinois and was acquired through a partnership with JDI Realty and The Wolcott Group, two renowned real estate investment firms based in Chicago.
Professionally managed by DMG since September 2022, Roselle Luxury Apartments will continue to be both managed and leased by DMG Leasing post-acquisition. According to Roger Daniel, president and co-founder of DMG Capital: “We are proud to have acquired this property alongside our partners JDI Realty and The Wolcott Group. We recognized its market value as well as its potential for revenue growth.”
Roselle Luxury Apartments offers a variety of floor plans including units with two bedrooms and two full bathrooms. Jeff Aeder, founder of JDI Realty commented on the acquisition stating: “Roselle Luxury Apartments exemplify current real estate trends that present great opportunities.”
