DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million. Alice Mae Court will be marketed by DMG affiliate DMG Leasing and professionally managed by DMG.
“This acquisition allows us to strategically add rental townhomes to DMG Capital’s multifamily portfolio while at the same time maintaining our disciplined investment focus of pursuing properties that are well-located with strong revenue growth potential,” said DMG Capital President and Co-Founder Roger Daniel. “Alice Mae Court is an optimal opportunity as it is new, high-end construction that is well-located in highly desirable Orland Park directly across from Centennial Park and just steps from the 153rd Street Metra Station.”
Alice Mae Court consists of 16 townhomes with a mix of large three- and four-bedroom units that include high-end finishes throughout, in-unit laundry, private balconies and attached two-car heated garage parking spaces.
The Alice Mae Court townhomes directly address the post-COVID demand for flexible living spaces that allow residents to live and work at home and have greater access to the outdoors. It also exemplifies the increased focus from investors on suburban properties that meet resident needs in sought after locations.
Source: DMG Capital acquires multifamily portfolio in Orland Park
Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.