Our Portfolio

Portofino Club

Portofino Club is a 230-unit, 1980s vintage asset that has one of the best locations in Jacksonville, FL. Situated in a reasonably affluent community known as Hidden Hills, the Property is within ½ mile of a prestigious public golf course, a major recreational park, leading retail including Starbucks, Wawa, Walgreens, CVS, Ace Hardware, and Bank of America, and $1+ million primary homes. Residents have quick access to the beaches (15-20 minutes), St. John’s Town Center (15 – 20 minutes), and nearly all the major job centers (10 to 25 minutes).

Pinebrook Apartments

Pinebrook is a 208-unit apartment complex located in a Jacksonville, Florida submarket that is transitioning from ‘troubled’ to ‘desirable.’ Its location benefits from a newly acclaimed international baccalaureate high school and quick access to the major employment and retail centers. Value-add investors at nearby properties have demonstrated the potential for increased rents resulting from property and apartment renovations. Rent in Jacksonville’s quality submarkets east of the river has gone from approximately $1,000 per month in 2012 to nearly $1,400 per month currently; “renters by necessity” are priced out of neighborhood markets are now attracted to these newly/in-process renovated assets.

The Woods of Filmore

Filmore is the acquisition of 200 large apartments located in Orange Park, Florida. All apartment units are “corner units” with washer and dryer and are well maintained. Situated south of Jacksonville and bound by St. Johns River and Doctors Lake on its east, Orange Park offers a mix of small-town charm with city and beach potential. Fillmore is adjacent to a new WaWa and within walking distance of Starbucks, LA Fitness and Panera Bread. The neighborhood is a destination in itself, featuring a wide range of restaurants, shops and attractions that provide residents with modern amenities in addition to its green spaces.

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.

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.

Birchwood On Sterling

Located just 28 miles from Chicago’s Loop and 14 miles from O’Hare International Airport, the Birchwood on Sterling puts metropolitan cultural and business advantages within easy reach. We feature one- and two-bedroom apartments for rent, where residents enjoy the convenience of a great location with the nearby shopping and dining. Our apartments complex also provides the comfort of a friendly community with the relaxing environment surrounded by beautiful landscaping.

The Flats at Gladstone

Gladstone offers wonderfully large two-bedroom apartments optimally situated in Glendale Heights, IL. Many of the fully renovated apartments, complete with private washer & dryer machines, feature private balconies with picturesque waterscape views. Located near the intersection of Army Trail and Bloomingdale road, Gladstone provides immediate access to wonderful dining and shopping opportunities. Walk to Starbucks, LA Fitness, and grocery shopping. The I-88 corridor is accessible just a few miles south of the property.

Select Transactions by Odessa Partners


Multifamily (Chicago – DuPage County)

The Equity Growth Opportunity:

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


  • 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


  • 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


  • 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


  • 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. All the projects summarized above directly involved Odessa current or former team members having personal responsibility for the success of these investments. The acquisition of Pinebrook Apartments, Woods of Filmore, Eagle Creek Apartments, Westmont Village Apartments, Birchwood on Sterling, and The Flats at Gladstone were completed by the Odessa team members while working on behalf of Odessa. Asset management functions were or are being completed by Odessa for Pinebrook Apartments, Woods of Filmore, and Eagle Creek Apartments, and not for Westmont Village Apartments (partial), Birchwood on Sterling and The Flats at Gladstone. Other case studies cited above occurred either at non-affiliated companies with Odessa (current or former) professionals having direct responsibility for results (and names of several of these properties have been changed per request). Any reference to past performance should not be relied upon by potential investors when determining the merits of investing with Odessa Realty Investments, LLC.