Tag: chicago multifamily

Luxury Living Announces Leadership Succession 

Posted on by LLCR Team

Amy Galvin stepping into CEO role, Aaron Galvin focusing on business development and strategic growth.

 

Luxury Living — a vertically integrated multifamily leasing company based in downtown Chicago — announces Co-Founder Amy Galvin will step into the CEO role. Formerly the company’s Chief Culture Officer, Amy will replace Founder Aaron Galvin, as he transitions away from CEO leadership to focus on the company’s business development and strategic growth. 

 

As Chicago’s leading third-party multifamily leasing company, Luxury Living has executed 60+ exclusive leasing assignments for Chicago’s most prominent developers and capital partners. As the company transitions to a more strategic focus, the next era of Luxury Living involves a return to its origins — concentrating on downtown Chicago lease-ups — and a future emphasis on multifamily ownership.

 

“Taking the helm, my unwavering focus lies in enhancing operational efficiency, securing and retaining top-tier talent, and forging strategic partnerships,” said incoming CEO Amy Galvin. “Our mission is crystal clear — to deliver an unparalleled, best-in-class experience to our clients: renters, real estate developers, and capital partners.”

 

In her first year as CEO, Galvin’s strategy will be to refine Luxury Living’s product offerings and processes, re-establish an executive leadership team, and expand the organizational ecosystem to support the company’s future growth.  

 

With a sole, intentional focus on Chicago, she said Luxury Living intends to use the city’s vast network of talent and sophisticated business community to foster connections and relationships and provide the best renter experience.

 

Also part of the company’s new strategic focus is multifamily ownership and development, an aim that began last year when Luxury Living announced its first joint venture development — The Saint Grand. The 21-story, mixed-use property features 248 Class A luxury apartments, 40,000 square feet of office space, and 8,000 square feet of premium retail in the heart of Streeterville. Pre-leasing for The Saint Grand’s apartments is set to begin in Q1 2024.

 

“The Saint Grand is our first foray into multifamily development and confirmed our thesis that development will be a meaningful part of Luxury Living’s continued growth,” said Founder Aaron Galvin. “Stepping forward into a new and exciting role allows me to focus on finding more acquisition and development opportunities in tandem with providing consulting and best-in-class leasing services for Chicago multifamily developers and investors.”

 

In addition to The Saint Grand, Luxury Living’s third-party lease-up assignments for 2024 thus far include:

  • The Dylan, a 282-unit Class A apartment development by Sterling Bay and Ascentris in Fulton Market
  • The Leo, a 168-unit Class A apartment development by Vista Property in River North
  • Maeve on Lake, an 82-unit Class A apartment development by Maeve Group in Oak Park, Illinois
  • Maeve on Ashland, an 89-unit Class A apartment development by Maeve Group in West Loop
  • District 1860, a 299-unit Class A apartment development by Tucker Development in Lincolnwood, Illinois

 

“Over the last 12 months, Chicago has led the nation in Class A apartment market rent growth,” said Aaron Galvin. “With new development supply consistently meeting market demand, Chicago rarely has huge swings up or down, which makes multifamily investment attractive for strategic real estate investors. Over my 20-year career, I have never seen a better opportunity to support Chicago as a multifamily consultant, developer, and participating operating partner.” 

 

Since co-founding Luxury Living in 2007, Amy and Aaron Galvin have focused intently on measured growth — leading to the leasing and renewal of 27,000 apartments, $200 million in for-sale condos and homes, and the generation of $10 billion in value for multifamily developers and owners. Luxury Living is a repeat Inc 5000 fastest-growing company in America, making the list six times.

 

Slated for completion in early 2024, the leadership transition will ensure the seamless continuation of Luxury Living’s commitment to enhance renter and real estate developer experiences while providing innovation, excellence, and a renewed focus on downtown Chicago.

Luxury Living Celebrates 15 Years Of Real Estate Success

Posted on by LLCR Team
Marks 15th anniversary by updating company branding to reflect evolution

Over the last 15 years, Luxury Living has grown in expertise. Specialties include residential leasing and sales, multifamily thought leadership, and award-winning apartment marketing for Class A Chicagoland apartments. This month, the company celebrates 15 years of success, reflects on past accomplishments, and looks toward the future.

“Luxury Living has grown and evolved in so many ways since launching in 2007,” said Aaron Galvin, Founder and CEO at Luxury Living. “With this evolution, it felt like time to refresh our branding to reflect the company we are today and where we are headed. In becoming a nationally recognized vertically integrated real estate company, we have removed the words Chicago and Realty from the name. Today and looking ahead, we are Luxury Living, with an emphasis on Living.”

Company Growth

Founded by CEO Aaron Galvin and Chief Culture Officer Amy Galvin, Luxury Living started from humble beginnings in a River North apartment. Today, the company remains headquartered in the River North neighborhood of Chicago and has a team of over 60. The people of Luxury Living include a mix of operations, accounting, marketing, brokers, and leasing professionals supporting the firm’s exclusive marketing and leasing assignments and Chicagoland renters and homebuyers.

The company’s continued year-over-year growth and expertise continue to earn accolades across the real estate and business community. Inc. 5000 and the Financial Times have named Luxury Living one of the fastest-growing companies in North America for the past five years. The company made GlobeSt.com’s 2022 list of Multifamily Influencers, and CEO Aaron Galvin was also honored as Executive of the Year at the 2022 Illinois Real Estate Journal Awards. Year after year, the marketing team has won numerous awards for apartment marketing, content marketing, lead generation, COVID response, and more.

Investment In Culture

“Over the last few years, we’ve been focused on creating an empowering and inclusive culture. We’re seeing the benefits of these initiatives with minimal turnover during a period of significant growth,” said Amy Galvin. “We’re proud that over 20% of our team members have been with the company for five or more years, and we believe culture will be key to our future success. This is why we’ve implemented multiple new “human first” initiatives to curtail burnout, celebrate our people, and enhance employee retention.”

This year, Luxury Living set a company goal of 500+ hours of company-sponsored learning and development opportunities, including wellness initiatives like Nivati, which provides access to 1:1 coaching, therapy, nutrition, and fitness. The company also committed to the team’s professional development growth, which has already resulted in several promotions throughout the year. Luxury Living also has an industry-leading paid time off policy including extended paid family leave, time off for life disruptions, mental health days and birthdays. Benefit offerings include best-in-class health and life insurance and a company contribution towards retirement.

Learn more about joining the Luxury Living team at www.LuxuryChicagoApartments.com/join-our-team/.

Market Expertise

Luxury Living is Chicago’s most experienced development leasing company, securing over $5 billion in capitalized value for owners while leasing nearly 35% of all new apartments in downtown Chicago. The company has leased over 20,000 apartments and sold 200 condos across 50 exclusive leasing and sales assignments. Lincoln Common, Wolf Point East, Wolf Point West, One Oak Brook Commons, and Logan Apartments are some of the company’s most prominent exclusive marketing and leasing engagements. The company is also consulting on 15 new luxury developments set to deliver starting in 2024.

With the power of the brokerage team and marketing strategy coupled with the process and efficiency of our exclusive development leasing platform, Luxury Living has become the go-to brokerage for the top multifamily developers and capital partners in Chicago. The company is known for achieving record-setting rents while optimizing revenue. Developers and investors seek out Luxury Living for its leasing, pricing and renewal strategies paired with award-winning apartment marketing. Using their expertise, the company is also a general partner on its first multifamily development, a new chapter for the firm.

Looking Ahead

In April 2022, Luxury Living entered the development arena. Partnering with Mavrek Development, GW Properties, and Double Eagle Development, the firms are co-developing The Saint Grand, a mixed-use project at 218 E. Grand in Chicago. The development will feature 248 residential apartments, 8,000 square feet of ground-floor retail space, and 41,000 square feet of office space. Residential units are anticipated to deliver in early 2024.

“Developing is a natural next step in the progression of Luxury Living,” said Galvin. “As a developer, we can use the rental trends we see in the market to inform the architecture, design, and operations of a property. We look forward to expanding this line of our business over the coming years.”

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