Thursday, July 27, 2017

The Habitat Company Adds Three Affordable Housing Properties to Chicago-Area Portfolio

Eastwood Gardens Apartments, Englewood Neighborhood, Chicago, IL

 CHICAGO, IL – Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced it has acquired and assumed property management of an affordable rental development in Chicago’s Englewood neighborhood and also assumed management of two additional affordable housing communities in the Chicago area.

The three properties, which total 500 residences in Chicago and suburban Chicago Ridge, will increase Habitat’s affordable housing portfolio to more than 10,000 units.

“Ensuring families have access to housing they can afford is as much a part of The Habitat Company’s core business as its legacy,” said Matt Fiascone, president of The Habitat Company. “These three projects are a perfect fit for Habitat’s portfolio, and will further our commitment to preserving quality affordable housing opportunities so people can continue living in these Chicago communities they’ve called home for years.”

Matt Fiascone
The three new properties are:

Eastwood Garden Apartments, 6531 S. Lowe Ave., 188 one-, two-, and three-bedroom rental apartments in the Englewood neighborhood (Under Habitat ownership and management)

Indian Trails Apartments, 251 E. 121st Place, 221 E. 121st Place and 12141 S. Indiana Ave.,180 one- and two-bedroom rental apartments in the Roseland area. (Under Habitat management)

Ridge Garden Apartments, 10010-10040 S. Sayre Ave., 132 one-bedroom rental apartments in Chicago Ridge. (Under Habitat management)

“Not only are these three communities in neighborhoods that need well-managed and quality affordable housing, which was certainly a draw for us, but we also saw potential in these assets and will be announcing improvements in the coming months,” said Fiascone.

“At Habitat, we’re highly vested in our diverse portfolio and the well-being of our residents, so we’re excited to bring the same quality of service to these properties – as we do to our luxury and market-rate communities.”
For a complete copy of the company’s news release, please contact:

Kim Manning,, (312) 267-4527
Rebecca Boykin,, (312) 267-4523

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