DMG Capital Acquires Linkt Apartments in River West, Chicago

June 11, 2024, Chicago, IL – Today, DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) announces the acquisition of Linkt Apartments in Chicago. The River West neighborhood property includes 47 luxury apartments and two street level retail tenants. The property sold for $14.2 million. DMG Capital partnered with Philip Galligan and Danny Kaufman of JLL Capital Markets to arrange the debt financing. This is DMG Capital’s third acquisition in six months, totaling $40 million in new assets.  

“DMG Capital is thrilled to continue to expand our portfolio,” said Robert Wasserman, co-founder of DMG Capital. “River West is a sought-after rental destination and Linkt delivers on key rental trends including location, outdoor spaces and high-quality finishes.” 

The modern condo-quality construction includes gourmet kitchens, upscale bathrooms, private balconies, in-unit washer/dryers and indoor parking. Also, the building is in a highly sought-after location with easy access to the CTA Blue Line and Kennedy Expressway. Linkt Apartments also has desirable community spaces such as an outdoor patio and fitness center. 

“Linkt is a perfect addition to DMG Capital’s current portfolio,” said Philip Galligan of JLL Capital Markets, Americas. “DMG is an incredible operator with the unique ability to add value via hands on management. Given the Sponsor’s successful track record and the value add potential there were a plethora of lenders interested in providing the financing. Ultimately, Freddie Mac was the clear outlier given their pricing and leverage.”    

Meredith Katz, Shareholder and Co-Chair of the Chicago Real Estate Practice at global law firm Greenberg Traurig, LLP, and Ariel Murray, a Chicago Real Estate Shareholder at the firm, represented DMG Capital in the purchase of Linkt and worked closely with the DMG Capital principles to reach a successful conclusion. 

Additionally, Linkt has strong amenities and a modern design which are key factors in the building’s 95% occupancy rate. DMG will be managing the building and overseeing a common area refresh and light unit rehabs that will continue to elevate the value of the building and its desirability for future potential residents. The fitness center, outdoor green space and lobby will all be a part of the upgrades that will happen in the second half of 2024. Additionally, the apartment rehab work will happen as part of the prep for new residents and include blinds, closet organizers and upgrades to lighting and hardware.    

“DMG’s extensive experience in luxury boutique rental buildings and value-added management strategy will help Linkt continue to operate efficiently and reach the building’s value potential,” said Roger Daniel, founder of DMG and co-founder of DMG Capital. “Linkt is already a highly-desired rental building and the DMG upgrade plans will help Linkt stay current with the hottest rental trends, set itself apart from competitors and be poised for continued success.”  

Additionally, DMG will review Linkt’s branding and online presence to ensure both are helping positively build the building’s reputation, strengthen relationships with residents and attract new residents.  

Craig Martin of Interra Realty was the buyer’s broker and Jos Smazal of Interra Realty was the listing broker. 


About DMG Capital: 

DMG Capital is a Chicago-based real estate investment firm focused on creating value in the multifamily space. Its principals have been involved in the acquisition, development and management of over $500 million of multifamily assets. DMG Capital applies the same attention to detail and professional expertise to sourcing, underwriting and structuring multifamily real estate transactions that DMG does to operating them.  

About JLL 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit 

About Greenberg Traurig 

Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: