Lincoln Property Company JV to Build First B-T-R Development in Naperville
Peakline Real Estate Funds, a private real estate investment firm, announced the closing of The Claire, a build-to-rent townhouse community in Naperville, Illinois.
Developed in partnership with Lincoln Property Company, this project marks the first build-to-rent development in Naperville. The Claire marks the second strategic investment of PREF’s Build To Rent Fund I. The build-to-rent community will consist of 90 for-rent, two- and three-story townhomes, each featuring a two-car attached garage, top-of-the-market finishes, and access to a robust amenity package.
Construction of The Claire is expected to begin in Q4 2025, with the first units ready for occupancy in Q2 2026. The Claire will be professionally managed by RPM Living. “This development exemplifies our commitment to delivering thoughtfully crafted, long-term multifamily solutions that meet the evolving needs of today’s households while creating value for our investment partners,” said Peter Kelly, Executive Vice President at Lincoln Property Company.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout