RMK Management Corporation has taken over leasing and property management for three rental communities in the Midwest, one in Elgin, Illinois; another in Madison, Wisconsin; and a third in Chesterton, Indiana. All three properties were acquired by Trevian Capital and Crown Properties.
The properties’ new owners, both headquartered in New York, spent more than $3.5 million in capital improvements across the three properties totaling 407 units.
Summit Hill in Madison features a mix of studio, one-bedroom lofts and two-bedroom apartments that feature high ceilings, fireplaces, modern kitchens and in-unit laundry. Apartments, ranging from 450 to 950 square feet, come with a balcony, deck or outdoor space, free storage space and parking. The 123-unit property offers easy access to dining, entertainment, shopping, the state capital and is a 10-minute walk to the University of Wisconsin-Madison.
Wing Park, a 184-unit property near the Fox River in Elgin, offers one- and two-bedroom apartments, each with one bath, and floor plans ranging from 650 to 925 square feet. Kitchens feature electric appliances, dishwashers, window blinds and many units offer separate dining rooms and foyers. The community is next to a large community park, giving residents easy access to shopping, entertainment, major interstates and downtown Chicago from the Metra commuter rail.
Located eight minutes from the Indiana Dunes, Abbey Lane, a 100-unit property in Chesterton, Indiana, features one- and two-bedroom units with one bath. Layouts, ranging from 839 to 1,398 square feet, offer fireplaces, dining rooms, lofts, dens and ample closet space. The property is also one of the few pet friendly communities in the area and is near restaurants, shopping, historical sites and entertainment. For commuters, a South Shore commuter rail reaches downtown Chicago in just over an hour.
Apartment renovations are part of the major capital improvements that the new owners have implemented at each of the properties. Enhancements to outdoor amenities include new grilling stations; additions of pet parks, playlots and tennis courts; and two clubhouses that were redesigned to offer social rooms with cyber cafes.
