SHILOH, IL - Storyboard Living, in partnership with Blue Vista Capital Management, is pleased to announce the acquisition of Rockwood Apartments, a 162-unit multifamily community in Shiloh, Illinois. The transaction officially closed on January 15, 2025, marking the first collaboration between Storyboard Living and Blue Vista Capital Management. As part of this transition, the community will be rebranded as Storyboard on Rockwood.
Rockwood Apartments consists of a mix of garden-style and townhome units, offering residents spacious layouts and a convenient suburban location within the St. Louis Metro East region. This acquisition aligns with Storyboard Living’s investment strategy of acquiring 50 to 250-unit Class B communities in the St. Louis MSA, Central Missouri, and Southern Illinois. The firm focuses on garden-style and townhome-style properties built in the 1980s or newer, where strong operational efficiencies and strategic upgrades can drive long-term value.
“We continue to execute on our strategy of acquiring well-located Class B communities with strong fundamentals,” said Raj Tut, CEO of Storyboard Living. “With our management platform and expertise, we will position Storyboard on Rockwood as an attractive, well-run community that meets the needs of today’s renters.”
Transaction Partners
The acquisition of Rockwood Apartments involved a collaborative effort among seasoned professionals in brokerage, legal, lending, and investment management.
- Brokerage Representation: The transaction was brokered by Matt Bukhshtaber, Vice Chairman at CBRE, who played a key role in facilitating the deal.
- Legal Representation: Legal counsel was provided by Christopher J. Rausch, Esq. of Phoenix Law PLLC, ensuring a smooth and well-structured transaction.
- Financing: Andy Hess, Senior Lender and SVP Metro-Market at Dieterich Bank, facilitated financing for the acquisition, reflecting strong confidence in the investment and Storyboard Living’s operational strategy.
About Storyboard Living: Storyboard Living is a privately held real estate investment and management firm specializing in multifamily communities throughout Missouri and Illinois. With a focus on operational excellence and resident experience, Storyboard Living creates communities where residents can live where they matter. For more information, visit www.storyboardliving.com
About Blue Vista Capital Management: Blue Vista Capital Management is a leading real estate investment firm with a track record of over $12 billion in real estate investments across various property sectors. The firm focuses on acquiring and managing high-quality, well-located multifamily assets to create long-term value for investors. For more information, visit www.bluevistallc.com