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Habitat Assumes Management of BLVD Capital Complex in Kenwood

The Habitat Company has assumed property management of the Drexel Properties, an affordable housing development in the South Side’s Kenwood neighborhood. Owned by Beverly Hills-based BLVD Capital, the 155-unit complex marks the fourth property Habitat has managed for the California firm since May 2017.

Including the 641 rental units owned by BLVD Capital, Habitat’s affordable housing management portfolio now totals more than 10,000 total units. The other Chicago-area BLVD assets under Habitat’s management include Indian Trails Apartments in Roseland, also on the South Side; Ridge Garden Apartments in Chicago Ridge, IL; and 909 Pine Tree Ct. in Michigan City, IN.

“Habitat has always been committed to affordable housing, and we remain dedicated to the sector today,” said president Matt Fiascone. “We are truly thankful and honored when companies like BLVD Capital continue to seek us out because of our affordable housing management expertise.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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