Kass Management Services Expands Chicago-Area Apartment Portfolio

Tuesday, May 16, 2017

Four Corners Tavern Group, Sterling Bay among owners that have retained firm for property management

Chicago-based Kass Management Services, a third-party property management and brokerage firm, announces it has been retained by Four Corners Tavern Group, Sterling Bay and a number of private local investors to manage 16 rental communities comprising 302 units in Chicago and surrounding suburbs. The assignments, which include mixed-use properties, add to Kass Management’s already expansive portfolio of 9,500 residential units and 600,000 square feet of commercial space throughout the Chicago area.

“Our experience managing both residential and commercial properties – and buildings with a mix of the two – made these assignments a natural fit for our growing portfolio,” said Mark Durakovic, principal of Kass Management Services. “They truly speak to the breadth of service our firm is able to provide, regardless of building size, age, style or location.”

The 16 properties range in size from two to 73 units and span a variety of Chicago neighborhoods, including Lakeview and Lincoln Park, as well as nearby suburbs. The buildings include:

  • 1401 W. School St./3258 N. Southport Ave. – two residential units atop Schoolyard Tavern & Grill in Chicago’s Lakeview neighborhood; owned by Four Corners Tavern Group
  • 900-02 W. Armitage Ave. – six residential units in Chicago’s Lincoln Park neighborhood; owned by Sterling Bay
  • McGovern House (760 Central Ave.) – 73-unit newly constructed rental community in Highland Park; developed by Nexstep LLC

In addition to overseeing site-level management, the Kass Management team will be in charge of marketing available units using both in-house leasing agents and outside rental agencies. Kass will also assist with tenant screening, lease execution and any planned capital improvement projects at the communities. Residents of each community will also be given access to Kass’ online portal that can be used for everything from rent payments to maintenance requests.

“Our current growth is a direct result of our experienced team of experts who continuously go above and beyond to improve the overall experience for both residents and commercial tenants,” said Durakovic. “For over 30 years, Kass has been committed to providing the very best real estate talent and dependable service that consistently brings measureable results for our clients.”

About Kass Management
Kass Management Services is a third-party property management firm and brokerage firm whose portfolio comprises nearly 9,500 residential units and 600,000 square feet of commercial space throughout Chicago. Kass Management specializes in rental and condominium properties as large as 250 units, including affordable housing communities, and also provides property management services for a number of retail and office buildings. The firm currently manages more than 400 properties, including 5,500 rental units and 4,000 condominiums.