DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), has recently purchased Linkt Apartments in the desirable River West neighborhood. The property consists of 47 luxurious apartments and two street-level retail tenants, and was sold for $14.2 million.
Partnering with JLL’s Philip Galligan and Danny Kaufman, DMG Capital secured debt financing for this acquisition. Greenberg Traurig LLP’s Shareholder and Co-Chair of the Chicago Real Estate Practice Meredith Katz along with Ariel Murray represented DMG Capital in this transaction while Craig Martin from Interra Realty acted as buyer’s broker and Jos Smazal from Interra Realty served as listing broker.
The state-of-the-art condo-quality construction boasts gourmet kitchens, high-end bathrooms, private balconies, in-unit washer/dryers,and indoor parking. Its prime location offers convenient access to public transportation such as CTA Blue Lineand Kennedy Expressway.
According to Philip Galligan from JLL Capital Markets Americas,”Linkt is a great addition to DMG Capital’s existing portfolio.” He also praised DMGCaptial’s exceptional management skills that will add value to this property through hands-on operations.
