Success Stories

Hunter's Ridge Apartments

"During the three year targeted hold period, Marquette tirelessly executed a strategy whereby the property was successfully turned around."

Hunter's Ridge Apartments is a classic example of a well executed value-add apartment project. The property was in a good location, but in a bad state of disrepair resulting in a below market occupancy rate and a difficult tenant base. Marquette brought in some of its best property level staff supported by construction and turnaround specialists. Over a three year period, Marquette executed a strategy that included bringing the property maintenance back up to acceptable levels, renovation of all units, and systematically improving the tenant base with a higher level of customer service. During the three year targeted hold period, Marquette tirelessly executed a strategy whereby the property was successfully turned around and sold for a price that delivered an IRR in excess of 30% within the three year hold objective.

River Place

"River Place was originally built by Marquette as a beautiful apartment community in the heart of downtown Naperville, IL."

Marquette at its inception was the largest apartment developer in the Chicago market. River Place is an example of the kind of quality construction and strategic location selection that gave Marquette the reputation of being a strong, trusted developer. River Place was originally built by Marquette as a beautiful apartment community in the heart of downtown Naperville, IL. Instead of selling the property for good returns as an apartment community, Marquette saw the opportunity to deliver stronger returns through conversion. With perfect market timing, River Place was then converted by the Marquette condominium group and sold as condominiums at a record pace delivering extraordinary returns to its investors. While conversions are not a viable strategy today, the Marquette condominium group brings an expertise in buying broken condominium deals and provides an alternative exit strategy for the future.

The Preserve at West Beach

"Marquette successfully rezoned and entitled the property and received approvals for more than 4,000 units while preserving more than 50% of the land for open space."

The Preserve at West Beach is an example of Marquette's ability to execute at every level of real estate investment. The Preserve was purchased as 1,000 raw acres of land on Galveston Island, Texas. The Marquette team created a successful Master Plan. Today, Marquette’s experience and expertise in land development provides opportunistic investors the ability to navigate through the plethora of distressed land deals and find the gems in the midst of a lot of dirt.

Club of the Isle

With the support of Marquette’s nationally recognized property management company and focused asset management group, Club of Isle was repositioned as a rental community with the vision of operating as the premier apartment community on the island.

Club of the Isle provides a perfect example of Marquette executing one of its core strategies, capitalizing on broken condominium assets. Club of the Isle is a recently constructed 248 unit resort-style luxury community featuring high-end condominium level finishes and amenities. The project previously failed as a condominium conversion and Marquette acquired it out of foreclosure for a fraction of the outstanding note value. With the support of Marquette’s nationally recognized property management company and focused asset management group, Club of Isle was repositioned as a rental community with the vision of operating as the premier apartment community on the island.