JVM Realty Enters Joint Venture with DRA Advisors to Acquire 340-Unit Enclave at 127th in Plainfield, Illinois

JVM Realty Corp. has entered into a joint venture partnership with DRA Advisors to acquire the Enclave at 127th, a 340-unit multifamily community located in Plainfield, Illinois. The financial terms of the deal, which was announced on May 5, 2026, have not been disclosed. This acquisition marks a significant step for JVM Realty as it seeks to enhance the resident experience through strategic renovations and amenity improvements at the property, which has been part of its portfolio since 2014.

Enclave at 127th, built in 2013, offers a diverse mix of studio, one-, two-, and three-bedroom apartments in the southwest suburbs of Chicago. The community is strategically positioned to provide residents with convenient access to local amenities and transportation networks. By partnering with DRA Advisors, JVM Realty aims to leverage its operational expertise and management capabilities to further improve the living experience for residents while simultaneously creating long-term value for investors.

JVM Realty's collaboration with DRA Advisors underscores its commitment to expanding its investment platform through institutional partnerships. The firm has a strong track record in multifamily real estate investment and property management, operating a $1.3 billion portfolio across the Greater Midwest. The joint venture not only enhances JVM's ability to execute capital improvements at Enclave at 127th but also reflects its strategic focus on disciplined growth and relationship-driven investment opportunities.

DRA Advisors, a New York-based investment management firm, specializes in real estate investments for institutional and private investors. With a portfolio that includes approximately $12.6 billion in gross assets under management, DRA brings significant expertise and resources to the partnership. The firm has a history of successful acquisitions across various real estate sectors, including multifamily, industrial, retail, and office properties, which positions it well to support the enhancement efforts at Enclave at 127th.

The acquisition of Enclave at 127th comes at a time when the multifamily housing sector is experiencing robust demand, driven by demographic shifts and a growing preference for rental living. As JVM Realty and DRA Advisors work together to implement strategic improvements, the partnership is expected to capitalize on these favorable market dynamics. The collaboration not only strengthens JVM's market position but also signals a continued interest from institutional investors in the multifamily sector, which remains a key area of growth in real estate investment.