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Bridge Capital JV acquires Naperville, Illinois, apartment complex

A joint venture between Friedkin Property Group and Bridge Capital Partners Inc. purchased the 206-unit River Run Apartments in Naperville, Ill., Crain's Chicago Business reported, citing a confirmation from investor Morton Friedkin.

The sellers of the 11-building apartment complex at 1015 Preserve Ave. are Marquette Cos. and Heitman LLC, which are represented by CBRE.

The parties did not disclose the sale price, although the sellers bought the complex for approximately $48 million in 2016, according to the publication.