JRK acquires 288-unit, Brooks on Jane Apartments, in Bolingbrook for $69M ($239,583/unit) from Quarterra

8/14/2024

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Connect CRE

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: JRK Property Holdings, Lennar Corp. (NYSE: LEN)

JRK Property Holdings has acquired Brooks on Jane Apartments, a 288-unit Class-A multifamily community in the Chicago suburb of Bolingbrook, Illinois. Kevin Girard, Roberto Casas, and Matt Lawton in JLL’s Chicago office represented the seller in the transaction. The acquisition was leveraged with attractive 10-year fixed-rate agency financing arranged by Annie Rice and Brandon Smith from JLL’s Los Angeles office.