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JVM Realty Corp. has acquired Mayfair Reserve, a 236-unit apartment community in Wauwatosa, Wis., for $53.5 million, as reported by Biz Journals. The seller, Atlantic Residential, developed the property with Edge Principal in 2017. Located at 11011 W. North Ave., in suburban Milwaukee, the community is located on nearly five acres. The property offers one- and two-bedroom units.