JVM Realty Corp. Acquires Aventine at Oakhurst North

Company will undertake an extensive renovation of 464-unit community

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Nov 03, 2016, 10:16 ET

OAK BROOK, Ill., Nov. 3, 2016 /PRNewswire/ -- JVM Realty Corporation (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired The Aventine at Oakhurst North, a 464-unit luxury apartment community in Aurora, Ill.

To boost the community's appeal to a new level, JVM will embark on a renovation program to bring its own brand of customer-centric services and amenities to the already beautiful community, which offers one- and two-bedroom apartment homes and a full amenity package.

"The Aventine at Oakhurst North is an excellent addition to our portfolio of high-performing luxury apartment communities in suburban Chicago and secondary and tertiary markets throughout the Midwest," said Jay Madary, president and CEO of JVM. "Our renovations to The Aventine will add substantial value to the neighborhood, enhance its already considerable appeal to renters and capture even more of the rapidly growing demand for high-end, quality apartment housing in the Chicago suburbs."

Apartment interiors will be renovated to feature upgraded kitchens and baths, contemporary lighting packages, new hardware and flooring. The buildings' exteriors will be refreshed with new paint colors, and the grounds will be manicured with updated landscaping and a uniform sign package. Enhanced pet-friendly amenities such as an additional dog park and pet washing area will be added.

Furthermore, the clubhouse will be reimagined to accommodate a larger fitness center with on-demand fitness classes, electronic package delivery management service, and an array of indoor and outdoor entertainment and recreation options. Complimentary WiFi will be added to common areas so residents can stay connected while enjoying their new surroundings.

The Aventine at Oakhurst North is conveniently located to several retail establishments including the Chicago Premium Outlets Mall and Fox Valley Mall. Chicago Premium Outlets is home to Ann Taylor, Armani Exchange, Calvin Klein, Gap Factory and Ugg Australia. Among the notable retailers in Fox Valley Mall are Abercrombie & Fitch, Macy's and Whole Foods Market.

Also within a short drive are several entertainment destinations, including the historic Paramount Theatre, which features Broadway shows, concerts and comedy performances. More active residents will enjoy being near the DuPage Swimming Center, the Great Lakes Volleyball Center and Brooklyn Park. Aurora University and North Central College are in the area as well.

Community amenities at Aventine at Oakhurst North include an indoor lap pool, outdoor pool and sundeck, outdoor grilling station, outdoor fire-pit, garage parking, 24-hour fitness center, clubhouse, coffee bar and resident business center.

Apartment homes at the community feature private entrances, 9-foot or vaulted ceilings, large soaking tubs, full-sized washers and dryers, large patios and balconies, and loft-style layouts.

About JVM
JVM is a respected name as a leader in multifamily real estate investment and property management. Now in its 41st year, JVM is committed to excellence and integrity and strives to be the preferred choice for its investors, residents and associates. Based in Oak Brook, Ill., it operates a $600 million multifamily portfolio in the greater Midwestern United States, including Illinois, Indiana, Kansas, Missouri, Ohio and Oklahoma. For more information about JVM, visit our website and read our blog.