reVerb UC
Chicago, IL

ReVerb UC, a 16-unit luxury apartment building in Chicago’s thriving Near West Side neighborhood, was purchased by a PMG affiliate in February 2014 and sold in May 2015, after a successful execution of the business plan. Over that time, PMG improved the building’s common areas and increased rents by nearly 20%.  PMG’s strategic acquisition of this undervalued asset in a fast-developing submarket paid off for investors after only 15 months.