NAPERVILLE, IL - Marquette Companies, a national leader in multifamily development and property management, recently announced its acquisition of Aurora at Summerfield, a 368-unit apartment community located near highly-rated schools and key commuter corridors in Chicago’s western suburb of Aurora, Ill. Marquette Management will serve as property manager for the community, which is currently 97% occupied.
Located at 1847 Clubhouse Drive, just off Ogden Avenue, Aurora at Summerfield comprises 26 two- and three-story residential buildings with a mix of one-, two- and three-bedroom apartments with one to two baths. Two-story lofted townhomes comprise 24% of the units.
“Aurora at Summerfield perfectly complements our portfolio, from its thoughtful mix of unit types and resort-style amenities to its prime live-work-play location,” said Trevor Ryan, president of Marquette Companies. “With the introduction of Marquette’s world-class management team, we plan to enhance and upgrade this community to be one of the premiere properties in the area. These factors, along with the community’s prime location near major regional shopping, entertainment and recreational venues as well as key employment centers, make Aurora at Summerfield an outstanding addition to the Marquette family.”
Centrally located between Aurora and Naperville, the community is conveniently situated just south of the I-88 technology corridor, which is home to many Fortune 500 companies, ensuring a steady source of employment. Residents also are in proximity to major suburban thoroughfares, and Metra train stations are just a 10-minute drive away, providing easy commutes to Chicago and other suburbs.
Aurora at Summerfield residents are just 10 to 15 minutes from charming and vibrant suburban downtowns, offering a mix of boutique shopping, gourmet dining and rich cultural experiences. The property is close to scenic parks and diverse recreational facilities and in the highly rated Oswego School District #308, which ranks in the top 12% in Illinois.
Apartments at the pet-friendly community include stainless steel appliances and Shaker-style white cabinetry in kitchens, vaulted ceilings, in-unit washers and dryers, walk-in closets and private patios.
A clubhouse anchors the property’s amenities, which include a business center with conference room, fitness center and resident lounge. Outdoor amenities feature a pool with sundeck, grilling stations with seating areas and a playground.
“We expect leasing and occupancy to remain steady due to the area’s robust suburban market fundamentals and predict to see continued rent growth, as renters are consistently drawn this area,” said Jim Cunningham, president of Marquette Management. “The accessibility to commuter corridors, shopping, dining and entertainment venues, and sought-after schools can’t be beat, and our award-winning leasing and management team looks forward to serving the residents of Aurora at Summerfield.”
About Marquette Companies: Based in Naperville, Ill., Marquette Companies is a multifamily development company and investment leader with a 41-year track record of success in markets across the country. The firm’s vertically integrated approach, with in-house capabilities in acquisition, construction, asset, property and construction management, enables its team to control all aspects of investments and has positioned the firm as a leading player in the multifamily investment space. Marquette’s vision is to be the top choice for living, working and investing by delivering exceptional living spaces and unparalleled customer service. The firm received 2024 Multi-Housing News Excellence Awards for Development Company of the Year (Gold honors) and Property Management Company of the Year (Silver honors), as well as a Top Employers Award from the National Apartment Association and ranked #2 among the Nation’s Top Operators Overall in Opiniion’s prestigious 2023 Resident ChoiceAwards. For more information, visit www.marquettecompanies.com
About Marquette Management: Based in Naperville, Ill., Marquette Management is a leading property management company with a portfolio of more than 14,000 apartment homes in Florida, Illinois, Indiana, Ohio, Michigan, Minnesota, Tennessee and Texas, encompassing a range of communities from urban high-rise buildings to suburban townhome developments. Marquette Management is part of Marquette Companies, a multifamily development and investment company with a 40-year track record of success in delivering exceptional living spaces and unparalleled customer service. For more information, visit www.marquettemanagement.com