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

JVM Realty Corp. announced the acquisition of a 280-unit apartment community in Oswego, Illinois. The property, previously known as Springs at Oswego, has been rebranded as Trillium at Oswego. The seller was Continental Properties, and Cushman & Wakefield brokered the transaction.

The gated community is located at 801 Fifth Street and was completed in 2019. According to the company, the property features townhome-style design across 2-story residential buildings. Floor plans include studio, 1-bedroom, 2-bedroom, and 3-bedroom units ranging from approximately 623 to 1,430 square feet. Each residence includes a private, ground-level entrance accessed 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."

Unit amenities include open-concept kitchens with granite countertops, stainless-steel appliances, islands or breakfast bars, wood-style flooring, walk-in closets, in-unit full-size washers and dryers, and private patios or balconies. Select homes offer attached or detached garage options.

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

"Trillium at Oswego strengthens our presence in a market we already know extremely well and brings JVM's Illinois portfolio to 8 active communities," said Jay Madary, president and CEO of JVM Realty. The company reported it now operates 22 communities across the greater Midwest.

The property is located in Chicago's southwestern suburbs near the Route 34 retail corridor, with access to employment centers along the Interstate 88 corridor.

Brad Smith, Managing Director at Cushman & Wakefield Midwest Multifamily Advisory Group, stated, "Springs at Oswego is exactly the type of asset investors are targeting today."

The acquisition represents JVM's 4th transaction with Continental Properties.