CHICAGO, IL - Doug Imber, President of Chicago based Essex Realty Group, Inc., is pleased to announce it has just completed a management buyout of the company.
Essex was founded in 1990 by Imber and Northbrook based Banner Apartments. Banner, (which focuses on the acquisition and management of apartment communities nationally), had been the majority owner of Essex, although, it remained largely a passive investor in the firm.
Imber and three of Essex' Managing Directors, veteran brokers Jim Darrow, Doug Fisher and Matt Welke, acquired Banner's interests.
According to Imber, "The buyout was extremely friendly and cooperative. We hope and expect to continue our close relationship with Banner in other ventures for many years to come, as they have truly been outstanding partners."
Essex has grown to become Chicago's largest broker of mid-market investment real estate. Imber added that "Darrow, Fisher and Welke deserve so much credit for Essex' success. With them now as co-owners, I know Essex will continue to grow and to provide clients with the very highest level of service."
Essex Realty group Inc., specializes in the sale of investment real estate throughout the Chicago metropolitan area.