CHICAGO, IL - Chicago-based Kass Management Services, a third-party property management firm, announces it has been retained by New York-based Property Management Group (PMG) to manage seven market-rate properties comprising 308 units in Chicago and surrounding suburbs. The assignment, which includes the recently opened L development in Logan Square, adds to Kass Management’s already expansive portfolio, which includes nearly 9,500 residential units and 600,000 square feet of commercial space throughout the Chicago area.
“In encompassing buildings of all sizes, and in a variety of locations, this portfolio truly speaks to our capabilities as a property manager,” said Mark Durakovic, principal of Kass Management Services. “We are excited about our partnership with PMG and look forward to introducing residents of each community to the highly personalized service that has made us one of Chicago’s preeminent management companies.”
In addition to three smaller communities totaling 50 units in the city, the assignment includes:
- L – 120 units in Chicago’s Logan Square neighborhood
- Mt. Greenwood Estates – 16 units in Chicago’s Mount Greenwood neighborhood
- reVerb Oak Lawn – 84 units in Oak Lawn, Ill.
- reVerb Oak Forest – 32 units in Oak Forest, Ill.
Kass Management will handle site-level operations and spearhead marketing of available units using both in-house leasing agents and outside rental agencies. Additionally, as part of the change in management, Kass will oversee planned capital improvement projects at several of the communities. The renovations include kitchen and bath remodels and the installation of hardwood flooring in select residences, as well as exterior maintenance work.
Residents of all seven communities will also have access to Kass Management’s state-of-the-art technology, including an online portal that can be used to pay rent and submit maintenance tickets.
“Our goal is to exceed expectations for adding value to properties and improving the quality of life for our residents,” said Durakovic. “Kass Management’s proprietary platform allows residents of even the smallest rental buildings to experience the same level of service provided at a downtown high-rise.”