Our Portfolio

Eagle Creek Apartments

Our apartment community near Naperville and Chicago, Illinois provides a superior lifestyle in the submarket. We feature one- and two-bedroom apartments for rent, which also include several different layout styles in both floor plan types. Each layout features its own brilliance and style to give a resident the optimum living situation within Westmont.

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Westmont Village Apartments

Nestled in the quaint suburb of Westmont located due west of Chicago, Westmont Village Apartments is a charming, suburban haven just within reach of big city excitement. Surrounded by rolling green landscaping and tranquil still ponds, Westmont Village is the picture of serenity, not only among Westmont apartments but also among widespread apartments for rent in Dupage County. Westmont Village currently offers one-, two-, and three-bedroom apartment homes accented by resort-class amenities and an award-winning leasing and maintenance staff.

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Select Transactions by Odessa Partners

McDowell

Multifamily (Chicago – DuPage County)

The Equity Growth Opportunity:

  • Rehab and reposition a 400 property to increase revenue and equity value

Comments:

  • Implemented a rehab of all kitchens and baths, in phases, as well as new  exterior siding and trim
  • Re-constructed the club house leasing office, while the property was occupied
  • Achieved rental increases of ($140 per unit vs. originally projected increases of ) $90 per unit
  • The ($4.8 million rehab resulted in value creation of $11.2 million

The Buckingham

Multifamily (Student Housing) (Chicago)

The Equity Growth Opportunity:

  • Convert abandoned, historic office building in the heart of Chicago’s South Loop neighborhood to useful service as a 27-story, 129-unit, 456-bed student housing center

Comments:

  • Project was a finalist in the 2009 Urban Land Institute Award of Excellence for Outstanding Development and won the Landmark Illinois 2010 Preservation of Excellence Award
  • Sourced the acquisition and oversaw renovations of 200,000 SF office building including green design
  • An extensive gut rehabilitation restored and preserved the historic art deco elements of the exterior while incorporating energy-efficient systems and contemporary finishes

Sunset Views

Multifamily (Tuscon)

The Equity Growth Opportunity:

  • Increase cash flows at an under-managed 300 unit property

Comments:

  • Invested in property attributes that directly affected the lease-up experience of prospective renters, including signage, landscaping, common areas, leasing office and recreational facilities. 
  • Cash flows increased significantly and the project IRR was above 50%

Bristol Pointe

Multifamily (Chicago – DuPage County)

The Equity Growth Opportunity:

  • Reposition 320-unit apartment community to optimize rent, control operating expenses, and maximize equity values

Comments:

  • Executed tenant profile-repositioning program.
  • Replaced roof and siding, resurfaced parking lots, upgraded landscaping and rehabilitated all unit interiors.
  • Sold the property and achieved value creation in excess of $6 million – a return in excess of 100% of the starting net asset value of the property.

Disclaimer: Past performance is not indicative of future performance. Results may and will vary. Odessa Realty Investors, LLC independently calculated the IRRs and returns cited above, and these have not been reviewed by an independent third party. Names of several of the properties listed above have been changed per request. All the projects summarized above directly involved Odessa team members having personal responsibility for the success of these investments. Eagle Creek Apartments and Westmont Village Apartments were completed by the Odessa team members while working on behalf of Odessa. Other case studies occurred either at Odessa or non-affiliated companies with Odessa professionals having direct responsibility for results. Any reference to past performance should not be relied upon by potential investors when determining the merits of investing with Odessa Realty Investors, LLC.