chi-fox village (2) Fox Valley Villages in Aurora, IL, just sold for $53.75 million, and the new owner looks at it as a value-add opportunity.

CHICAGO—The appeal of west suburban multifamily developments has brought about another significant purchase, this time by an investor which has already poured a lot of money into the region. Sinatra & Co. Real Estate has acquired Fox Valley Villages in Aurora, IL, for $53.75 million in a joint venture with Chicago-based residential property management and acquisitions firm, Stadt Group, and a majority equity investment from Torchlight Investors, an independent asset manager focused on commercial real estate investments. Chicago-based Moran & Co. brokered the transaction.