Marquette Companies, a multifamily development, investment and management company, has formed a strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, an integrated multifamily investment and operating firm active in multiple markets nationwide.
The two companies will merge operations in key areas, with Orion executive Dan Gumbiner acting as an adviser as part of the alliance, while Cheryl Charnas joins Marquette’s asset management team as executive vice president.
Since its founding in 2004, Orion has represented $2.5 billion in properties in multiple Midwest, Sun Belt and West Coast markets. The firm is recognized in the industry for its strength in acquisitions as well as asset and construction management, having acquired nearly 23,000 units over the company’s history and completed more than $100 million in portfolio renovation projects, from unit and common area upgrades to complete property redevelopment.
Charnas, who was senior vice president of asset management at Orion, brings nearly 30 years of experience in asset management, acquisitions and development with previous senior-level positions at top real estate firms including RREEF and AvalonBay.
Active in more than a dozen markets across the central and southern United States, Marquette Companies, and its property management arm Marquette Management, have a portfolio of more than 15,000 units across 47 properties. Highlights of the firm’s most recent activity include the completion of The Thompson, a 210-unit luxury apartment building that includes the adaptive reuse of a historically significant building in Chicago’s Fulton Market neighborhood.
The firm also recently broke ground on The Sylvan, a 300-unit build-to-rent community outside of Houston in The Woodlands, Texas, and expanded its management portfolio through the strategic acquisition of select value-add assets in key markets.
