ACRE, in partnership with DAC Developments and Bayview Holdings Limited and financing from Freddie Mac, successfully recapitalized Welkin—a premier 212-unit, Class-A apartment community in downtown Des Plaines, Illinois. Built in 2022, Welkin features over 35,000 square feet of amenities and 11,700 square feet of retail space, just steps from the Metra Northwest train station for a convenient 30-minute commute to downtown Chicago. This transaction marks ACRE Equity Fund V’s first acquisition in Chicago and highlights our commitment to investing in high-growth Midwest markets.