The Real Deal: DMG Capital extends multifamily spree to $40M with River West pickup in deal brokered by Interra Realty

Craig Martin
Joe Smazal
Craig Martin
Deal Stories
Joe Smazal

CHICAGO, IL – DMG Capital bought a foothold in Chicago’s River West multifamily market to extend the firm’s shopping spree, staying bullish enough to pull in new financing in spite of the commercial real estate downturn.

The Chicago-based firm snagged the 47-unit luxury building called Linkt Apartments at 830 North Milwaukee Avenue for $14.2 million in a deal announced Tuesday. The purchase of the property completed in 2017 marked the third acquisition by DMG Capital in the last six months for a total of $40 million in new assets, the company said.

Greenberg Traurig’s Meredith Katz and Ariel Murray represented DMG Capital in the acquisition. Interra Realty’s Craig Martin was the buyer’s broker on the deal and Joe Smazal, also with Interra, represented the seller.

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