Leon Capital Group Provides Preferred Equity Investment in Naperville Multifamily Recapitalization

$10.76 Million Investment Marks Firm's Entry into Real Estate Credit and the Midwest Market

DALLAS--(BUSINESS WIRE)--Leon Multifamily and Leon Financial, both subsidiaries of Leon Capital Group (“Leon” or “The Company”), a diversified holding company for a privately-owned group of entities, today announced a preferred equity investment of $10.76 million in a Class A apartment community in Naperville, Illinois, a western suburb of Chicago. The investment represents a pivotal milestone as the Company expands its real estate platform into the credit space.

The project, completed in February 2025, caters primarily to residents aged 55 and older. The highly-amenitized community includes a pool, hot tub, golf simulator, fitness center, dog park, community lounges, coffee bar, salon, and heated parking garage. It was developed by a nationally recognized firm with over $2 billion in completed projects and more than 10,000 units delivered across 18 states.

"At Leon, we seek investment opportunities with special circumstances that others overlook, and where our deep understanding of both the multifamily market and real estate financing allows us to identify and unlock value,” said Blake Schroeder, President of Leon Multifamily. “Given the constraints in capital markets, structured credit offers the most compelling risk-adjusted returns and is our highest-conviction allocation of capital today.”

Approximately 30 miles west of downtown Chicago, Naperville possesses strong household incomes and a stable, diversified employment base. Now the third-largest city in Illinois, the city’s growing population and aging homeowner base support its durable demand.

“Naperville is one of the highest-performing suburban markets in the country, and there simply are not enough quality options for the 55-plus demographic,” said Fernando Mendez, Managing Director at Leon Financial. “This property is representative of the well-built, well-located community our investors want exposure to, offering strong downside protection while positioning us to benefit from continued rent growth.”

Jeff Salladin, Chief Operating Officer at Leon Financial, added, “This investment is precisely what Leon Financial was built to capture. I am confident this is the first of many credit investments that will generate differentiated value for our partners.”

About Leon Capital Group:

Leon Capital Group is a holding company that operates assets in the financial services, healthcare, real estate, and technology industries. Leon takes the lead in conceiving, developing, owning, and operating businesses. The firm started as a modest privately-owned real estate development company in Texas and has since evolved into a collection of exceptional businesses capable of operating successfully across multiple geographies and industries. For more information about Leon Capital Group, please visit www.leoncapitalgroup.com.