Press Release: Standard and The Vistria Group Acquire Fox Valley Villages in Highly Desirable Chicago Naperville/Aurora Submarket
Acquisition of 420-Unit Residential Community Marks Partnership’s Second Naperville Township Investment
CHICAGO – October 20, 2025 –– Marking its second major investment in suburban Chicago, Standard Real Estate Investments, LP (Standard), a national real estate firm with offices in Los Angeles and Washington, D.C., and The Vistria Group, LP (Vistria), a private investment firm that seeks to deliver both financial returns and societal impact, today announced the acquisition of Fox Valley Villages, a 420-unit residential rental community located in the desirable and affluent Naperville/Aurora submarket within the Chicago MSA. Standard and Vistria acquired Fox Valley for $93.2 million and plan to preserve long-term affordability for more than half of the apartments in this community, ensuring that rents remain accessible to families from a wide range of socioeconomic backgrounds. With the acquisition of Fox Valley Villages, Standard and Vistria jointly own 836 units in this submarket.
“The Aurora/Naperville submarket is among the strongest in the Chicago MSA with a high barrier to entry,” said Jerome Nichols, President and co-founder of Standard. “The acquisition of Fox Valley Villages is yet another example of our expansion of Standard’s direct investment and operating platform. We continue to seek opportunities to acquire high-quality apartment communities through the Midwest, Mid-Atlantic, and West Coast.”
“We are proud to double Vistria’s presence in this high-opportunity neighborhood with the acquisition of Fox Valley Villages,” said Eleonora Bershadskaya, Principal at Vistria. “Our team’s focus on affordability will expand access to high-quality housing alongside excellent schools and neighborhood resources in an extremely competitive housing submarket and public school district, where only about 30% of housing units are renter-occupied.” With this acquisition, Vistria’s affordable and workforce housing strategy represents $3.4 billion in AUM.
Situated on 21 acres, Fox Valley Villages boasts 18, three-story buildings, as well as a free-standing clubhouse, fitness center and maintenance garage located within the Indian Prairie Community School District 204, one of the top 10 districts in Illinois, and just south of the I-88 Technology & Research Corridor, a major center for Fortune 500 companies and corporate headquarters. It is also just four miles from the Naperville Route 59 commuter rail station that provides easy access to downtown Chicago and neighboring communities featuring a variety of boutique shops, upscale dining options and rich cultural offerings.
The community has 208 one-bedroom, 212 two-bedroom residences and an occupancy of 97%. Standard and Vistria plan to invest over $8 million in building improvements and renovations and further enhance the desirability and value of the asset. Residents at Fox Valley Villages enjoy a number of amenities including two resort-style swimming pools, a community clubhouse, fitness center, soccer field, dog park, and BBQ picnic areas.
About Standard Real Estate Investments
Standard Real Estate Investments (Standard) is a diversified middle market investment manager. The company operates across property sectors in markets throughout the United States with a current focus on the development of industrial facilities and the acquisition of multifamily communities. The firm maintains offices in Los Angeles, California and Washington, D.C. For more information, visit www.standardrei.com.
About The Vistria Group
The Vistria Group is building a new kind of private investment firm that seeks to deliver both financial returns and impact. It invests in essential industries like housing, healthcare, knowledge & learning solutions and financial services that deliver value for investors as well as communities, employees and consumers. With $17 billion in AUM, The Vistria Group looks deeper by working as a true partner, drawing on its deep sector knowledge, operational expertise, unique network, diverse team and impact orientation to achieve transformational growth. For more information, visit www.vistria.com.
Media Contacts
Standard / Great Ink Communications
Eric Waters - eric.waters@greatink.com
Jimmy Lappas - jimmy.lappas@greatink.com
Sara Williams - sara@greatink.com
212.741.2977