Developers and Owners of Affordable Urban Apartments in Chicagoland
To continue providing quality workforce rental housing and ancillary commercial space in Chicagoland. Focus on owning and operating transit-oriented apartment buildings for helping maintain sustainable neighborhoods.
Private equity fund acquires multifamily properties including stable-performing assets and renovation opportunities. Seeking infill locations near public transportation and high Walk Scores® in the Chicagoland area. Targeting $500,000 or more for multifamily properties of at least 20 units. Typically an all-cash buyer, acquiring in "as is" condition.
RECI®'s roots date back to 1982, as owners operating workforce housing in various neighborhoods including North Lawndale, Logan Square, Lakeview, Lincoln Park, Ukrainian Village, Rogers Park, Berwyn and Cicero. The Principals have over a century of combined experience in ownership, development, construction, finance and management.
Renters looking for the best values will find RECI® properties to be attractive living options.
Properties are all situated in urban-infill locations near public transit and within close proximity to major roads and highways. Highly walkable areas. Free street parking is generally available, as well.
The RECI® portfolio includes properties with distinctive architecture and attractive landscaping. Properties are typically 25 units or less, for a feeling of a tight-knit residential rental community.