Golub, Petiole Acquire Illinois Community
The joint venture will carry out cosmetic improvements to the 492-unit property in Carol Stream.
May072021
Image courtesy of Golub & Co.
Golub & Co. and Petiole Asset Management have partnered for a third time, acquiring a 492-unit community in Carol Stream, Ill. The joint venture purchased the property from Lakehaven Apartments LLC for an undisclosed price.
Located at 732 Bluff St., Lakehaven Apartments is more than 95 percent occupied, Adam Short, Golub & Co.’s senior vice president of acquisitions told
Multi-Housing News. The units are spread across 41 buildings and come in one-, two- and three-bedroom floorplans that range in size from 700 to 1,110 square feet with an average of 868 square feet. The community’s amenities include a clubhouse, pool, fitness room and dog park.