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| Douglas Imber |
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.
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| Douglas Fisher |
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.”
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| Matt Welke |
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 of the 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.”
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| James Darrow |
Essex Realty Group,
Inc. specializes in the sale of investment real estate throughout the Chicago
metropolitan area.
Contact:
Douglas S. Imber
Essex Realty Group, Inc.
773.305.4902
dougimber@essexrealtygroup.com
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