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Golub & Company and Petiole Asset Management Acquire 492-Unit Lakehaven Apartment Community in Carol Stream, Illinois

This Week's Chicago Deal Sheet (May 5, 2021)

A Canadian manufacturer last week chose the Chicago region to host its first U.S. facility. Lion Electric Co. will manufacture its all-electric medium- and heavy-duty urban vehicles at a 906K SF facility under construction at 3835 Youngs Road in southwest suburban Joliet. Gov. J.B. Pritzker, along with many other state and municipal officials, joined the company’s leaders on Friday to announce the $70M project. “The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting 1 million of these cars on the road by 2030,” Pritzker said Friday. “In Illinois, we know that a clean energy economy is about more than just vehicles  it’s about healthier communities and jobs for those who live there.”

Joint venture purchases Carol Stream apartment complex

Joint venture purchases Carol Stream apartment complex May 10, 2021 Golub & Company and Petiole Asset Management have announced a joint venture acquisition of Lakehaven Apartments in Carol Stream, IL, marking the first residential joint venture between the two firms and the third overall. The acquisition closed on April 29, 2021. Golub & Company will provide property management and leasing services effective immediately. Lakehaven Apartments, located at 732 Bluff Street in Carol Stream, DuPage County, IL, was constructed in 1984 and is the newest apartment community in this mature suburban township. The property, while close to major employers and highways, also benefits from its pastoral setting surrounded by 100 acres of park land and lakes. The 492 apartment homes are spread across 41 buildings and feature a mix of 1-, 2-, and 3-bedroom layouts ranging in size from 700 to 1,100 square feet with an average unit size of 868 square feet. Amenities incl

Golub, Petiole Acquire Illinois Community

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.