Following exponential apartment demand and growth Luxury Living Chicago Realty (LLCR), an award-winning real estate brokerage and multifamily marketing, leasing, and development firm, announces recent promotions and the addition of 25 new team members.
“We have always been at the forefront of Chicago’s luxury apartment market. With many apartments currently achieving rents well above pre-pandemic levels and limited supply in 2022 and 2023, Chicago multifamily fundamentals have never been stronger,” said Aaron Galvin, CEO and Founder of Luxury Living Chicago Realty. “Our approach to marketing, pricing, and renewals for Class A apartments is helping developers and owners capture top of the market rents and be positioned for future rent growth. In addition, our experienced broker team coupled with our market intelligence, helps renters feel comfortable with their home selection.”
Propelling the firm’s growth are suburban marketing and leasing assignments, renewal management, and multifamily development.
LLCR has approached new leasing assignments in the suburbs with the same professionalism and strategy employed across 50 previous leasing assignments throughout downtown Chicago. With three projects over 50 percent leased at the highest rents in the suburbs, LLCR expects future suburban marketing and leasing assignments.
In adding renewal management, LLCR has helped owner operators increase net rents upwards of 20 percent, while also improving retention rates above historical averages.
As a co-developer on a mixed-use development at 218 E. Grand, a 21-story building in Streeterville, LLCR is partnering with Mavrek Development and GW Properties to bring the first Class A multifamily development to the Streeterville submarket since 2019. Additional development opportunities are expected from LLCR.
“As our team continues to win exclusive marketing and leasing assignments, not only downtown but in the suburbs, there is an ever-increasing need for support,” said Galvin. “By hiring, training, and nurturing talent now, we will be prepared for continued increases in supply over the next few years. Securing the team now is an investment for today and the future.”
Since January 2022, a total of 25 new team members have begun working at LLCR. Team members include a mix of operations, accounting, and leasing professionals supporting the firm’s exclusive marketing and leasing assignments, including One Oak Brook Commons, Highpoint at 8000 North, Cadence, Wolf Point East, Wolf Point West, and River City.
“Over the past few years, we have been intentional in our efforts to create an empowering and inclusive culture at LLCR. We’re seeing the benefits of these initiatives with minimal turnover during a period of significant growth,” said Galvin.
In addition to new team members joining the company, there have been a number of notable leadership team promotions within LLCR:
Co-Founder Amy Galvin has transitioned from Managing Partner to Chief Culture Officer. In her new role, Galvin will focus on company culture, people operations, and team member wellbeing.
Chris Faye has been promoted from Director of Operations to Managing Director. Faye is tasked with overseeing the continued growth of the brokerage and further scaling the operations of the company.
Tamara Hirsch has been promoted from Senior Portfolio Leasing Manager to Director of Portfolio Leasing. As new product lines are added to the LLCR portfolio, Hirsch oversees all leasing activity and team dynamics.
LLCR continues recruiting efforts and is always looking for talented individuals to join the team. Learn more about available positions at http://www.luxurychicagoapartments.com/join-our-team.
Luxury Living is here to help you in all aspects of multifamily development. From pre-development consulting to marketing and leasing, we are Chicago’s multifamily leasing expert.