Peak Properties Adds 57 Student Apartments to Management Portfolio
Peak Properties assisted in the purchase and oversight of a multi-million-dollar gut rehabilitation of three vintage walkup buildings in Chicago’s Hyde Park neighborhood. In the process, the company added another 57 student apartments to its management portfolio
The properties are 98% pre-leased and move-ins have begun. The last two units are expected to have applications shortly.
“A group of local investors purchased the buildings steps from the University of Chicago campus over the course of the past two years with the intention of extensively renovating and reintroducing apartments designed to meet students’ needs,” said managing partner Mike Zucker.
“We saw what others didn’t, understand what these students want, and after taking the interiors ‘down to the brick’ we’re proud to reintroduce a unique design with modern amenities such as central heat and air, new kitchens and baths, exposed brick, and layouts with one-to-one bed-to-bath parity in most units.”
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 GlobeSt.com 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).