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SCHAUMBURG, ILL. — TRECAP Partners has acquired a majority interest in Lakes of Schaumburg, a 428-unit apartment building located in Schaumburg. The property was acquired for an undisclosed price on behalf of TRECAP value-add investment vehicle in joint venture with Marquette Property Investments. The community features 27 two- and three-story buildings, two clubhouses, two outdoor heated pools, a jogging trail and a fitness center. The property was built in 1987 and underwent renovations between 2000 and 2009. This transaction is TRECAP’s third multifamily acquisition since the second quarter.