Pensam, a national multifamily real estate investment firm managing over $3 billion in assets across its equity and lending platforms, has acquired 1900 at Canterfield, a 260-unit stabilized multifamily community located in West Dundee, Illinois.
Built in 2018, the property is located half a mile north of Interstate 90 providing convenient access to the dynamic I-90 Corridor/Schaumburg job market. 1900 at Canterfield consists of 18 buildings spanning 23.6 acres. Each apartment home at 1900 at Canterfield features a large balcony or patio, direct-access entry, and 9-foot ceilings. Its low-density buildout offers a leasing competitive advantage as high-quality, low-density suburban rental properties are enjoying increased demand from the onset of the pandemic.
Amenities at 1900 at Canterfield include a clubhouse featuring a large clubroom, fitness center, conference room, leasing center, covered outdoor lounge area, and a swimming pool with a sundeck.