Laramar Group buys 294-unit ReNew Downers Grove Apartments west of Chicago for $72.1M ($245k/unit) from FPA Multifamily

  • 2/14/2025

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Chicago-based Laramar Group has purchased the ReNew Downers Grove apartment complex for $72.1 million from FPA Multifamily. JLL’s Kevin Girard, Mark Stern, Zachary Kaufman, and Betsy Romenes oversaw marketing the property, and JLL provided a $46.9 million Freddie Mac loan for the acquisition. San Francisco-based FPA paid $65 million for the property in September 2018.

Laramar Group
Ben Slad | SVP, Investments
FPA Multifamily
Quentin Tedesco | Acquisitions Officer-Midwest/Northeast

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