Strong fundamentals in the greater Chicago area combined with value-add potential and exceptional care of the property by previous ownership motivated the acquisition of Orion at Arlington Lakes in Arlington Heights, Ill., in late 2025. Since then, Marquette Companies has rebranded the property as Avery at Arlington Lakes and is underway on value-add renovations to amenity spaces and apartment interiors, wasting no time in maximizing the potential of the investment. In addition, Marquette Management has taken over property management of the community, which is currently 97% leased.
Originally constructed in 1985, the 198-unit garden-style apartment community comprises eight residential buildings offering one- and two-bedroom floor plans, with units averaging 1,168 square feet. As part of its value-add plan, Marquette will build a new fitness center and implement upgrades to other community amenities, which include a picnic area with grilling stations, dog park, landscaped grounds, garage parking and laundry facilities located in every building. According to Trevor Ryan, president of Marquette Companies, the additions and upgrades underway to units and amenity spaces will position Avery at Arlington Lakes very well within Chicago’s northwest suburban market.
Located approximately 25 miles northwest of Chicago, Avery at Arlington Lakes is situated three miles from both downtown Arlington Heights and downtown Mount Prospect, providing residents with easy access to the numerous shopping, dining and entertainment options in these popular suburban destinations. The property also offers residents access to the highly rated Township High School District 214.
Marquette Management President Jim Cunningham expects leasing and occupancy to remain high due to market fundamentals as well as service provided by the firm’s award-winning leasing and management team. Paired with the prime location and refreshed units and amenity spaces, Avery at Arlington Lakes offers an exceptional living experience.
News of the deal was covered in Chicago Business Journal, CoStar, REBusiness Online, REjournals and YieldPro.