AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Greystar and Heartland Bring Luxurious Rental Housing Community to Lockport, IL

February 12, 2020 GMT

CHARLESTON, S.C. & CHICAGO--(BUSINESS WIRE)--Feb 12, 2020--

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high quality rental housing properties, today announced that the first wave of apartment homes in the new Highland Ridge community are now available and ready for immediate move-in.

Developed by Heartland Real Estate Partners (“Heartland”) and with property management services provided by Greystar, Highland Ridge will encompass a total of 240 spacious and luxuriously appointed units with a total of nine unique floorplans available. Located at 14158 S. Hilltop Lane in historic Lockport, just 30 miles from Chicago, the garden-style multi-family development offers one and two bedroom floorplans ranging from 804 to 1,317 square feet in size.

“We are excited to provide a sophisticated and luxurious community living experience for the residents of Highland Ridge,” said Ferda Guvenc, Greystar’s Senior Regional Property Manager for the Greater Chicago area. “These state-of-the-art apartments offer a robust range of amenities and, I am confident that, with the exceptional quality of these units and Greystar’s best-in-class property management services platform, Highland Ridge will prove to be one of the most sought after rental housing options in Lockport.”

Featuring the same type of limestone as the lining of the town’s famous I&M Canal, Highland Ridge invokes the stylistic identity of Lockport while offering an unmatched suite of modern features, such as electronic entry locks and smart thermostats. Residents will enjoy expertly designed interiors featuring hardwood-inspired floors, gourmet kitchens, stainless steel appliances, and other state-of-the-art additions. The community offers some of the best amenities and services in the area, including a lounge area, sun deck, resort-style swimming pool, fitness center, yoga room, and dog park.

“As the Lockport community continues to grow, we are pleased to provide this tremendous apartment complex,” said Tim Grogan, Managing Principal at Heartland. “With Greystar’s best-in-class team managing the property, we believe this community will represent the gold standard of high-quality rental housing options in the Greater Chicago area for decades to come.”

On June 18, Highland Ridge will host a grand opening event at the community clubhouse located at 14158 S. Hilltop Lane. For more information, please contact highlandridge@greystar.com.

About Greystar

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $160 billion+ of real estate in nearly 200 markets globally including offices throughout the United States, UK, Continental Europe, Latin America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than 500,000 units/beds, and has a robust institutional investment management platform with approximately $36.1 billion of assets under management, including nearly $14.2 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

About Heartland Real Estate Partners

Heartland Real Estate Partners (HREP), based in Chicago, is a privately-held comprehensive commercial, retail and residential real estate development firm and operates as a subsidiary of Equibase Capital Group, LLC (Equibase). Equibase and its predecessors have been making real estate, banking, operating company and other investments for over 40 years. HREP has extensive experience in real estate development and construction in a range of product sectors in markets across the US and throughout numerous economic cycles.

Heartland Real Estate Partners has extensive experience in real estate development, construction and acquisitions in product sectors and markets across the US. The firm’s range of services includes senior level expertise and involvement in all phases of a real estate investment from pre-construction, due diligence and management.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200212005383/en/

CONTACT: Media

Joele Frank, Wilkinson Brimmer Katcher

Jon Keehner / Julie Oakes / Jack Kelleher

212.355.4449

KEYWORD: ILLINOIS SOUTH CAROLINA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Greystar Real Estate Partners, LLC

Copyright Business Wire 2020.

PUB: 02/12/2020 08:00 AM/DISC: 02/12/2020 08:01 AM

http://www.businesswire.com/news/home/20200212005383/en