Sinatra & Co. Acquires 272-Unit Multifamily Property in Aurora, Illinois for $34.5M

by Christina Cannon

AURORA, ILL. — Sinatra & Company Real Estate has acquired a 272-unit multifamily complex in Aurora as part of joint venture with Stadt Group and National Property REIT Corp. The purchase price was $34.5 million. The complex is located at 1240 W. Indian Trail Road in Aurora, approximately 40 miles west of Chicago. Orchard Village Apartments was built in 2000 and is situated on 17.3 acres. Community amenities include a clubhouse, fitness center and an outdoor swimming pool with sundeck. Unit amenities include private entrances, washers and dryers and vaulted ceilings. Peter Evans of Moran & Co. represented the seller, Sherman Residential. Anthony Licata and Pablo Petrozzi of Taft Stettinius & Hollister LLP represented the joint venture. Sinatra & Company Real Estate invests in distressed and value-add real estate opportunities. Stadt Group is a Chicago-based residential property management and acquisitions firm, and National Property REIT Corp. is a private real estate investment trust controlled by Prospect Capital Corp.

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