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Highlights
Bender Companies and Eastham Capital have acquired the 220-unit Fox Run Apartments in St. Charles, Illinois, for nearly $32 million, marking their 14th partnership together.
Built in 1973, the complex was previously purchased for $23 million in 2022; the new owners plan to invest "light capex" into renovations, including updates to more than 80 units and property-wide exterior and amenity improvements.
The deal follows a broader trend of rising apartment investment in the Chicago area, where suburban sales volume soared 67 percent year over year amid a shortage of new construction.