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A San Francisco-based real estate investor is upping its bet on the suburban Chicago apartment market, buying a unit complex in Naperville.

The sale price was not immediately clear, and both the buyers and sellers declined to disclose it. Marquette and Heitman renovated about half of the units in the complex, which was developed in and is now about 96 percent leased, according to Friedkin.

His firm, which owns eight other apartment properties throughout the Chicago suburbs, including two others in Naperville, has been one of the most active recent investors in the strong suburban residential rental market. It has played both sides of the growing market, picking up several properties in recent years and cashing out on others as a strong job market has helped drive up rents both downtown and in the Sex webcam in south effingham. Some of Ral rent growth has slowed for suburban apartments as many companies have focused on hiring in the city rather than the suburbs, a key measure of demand for rental units.

But developers have continued to add more supply to certain pockets of the suburbs. About 3, apartment units were on track to be completed in the suburbs this year, according to a December report by consulting firm Integra Realty Resources.

Friedkin said he's bullish about Naperville in particular, which he calls a "representative slice of a good America. Marquette President Darren Sloniger said that his firm's cash-out completed its strategy of adding value to the property and Looking for real with a naperville he also feels good about the future of the Naperville apartment market, where Marquette owns or manages about units.