![](https://assets-global.website-files.com/603dfae5ed7c980420ff37e4/6399d8515819499f92032a01_Chicago%20Flats%20Leasing.webp)
Project Overview
Golub’s portfolio spanned Lakeview, Lincoln Park, Roscoe Village and Old Town and had a vacancy rate over 25% heading into the 2019 spring leasing season. The apartment buildings had undergone cosmetic renovations the previous 12-24 months, but were having trouble competing with similarly renovated product. To complicate matters, lease expiration dates were staggered throughout the year, rather than expiring in peak leasing season.
![our process](https://assets-global.website-files.com/6037620fe1bd38a9a87dc3e1/60fa726b1f60eb71d88c4820_our-process.jpg)
Project Outcome
We spent the first Spring & Summer season reassessing the rental rates to find more balance with less concessions while renewing & signing new leases that expire in the March-August months. In one season, we brought occupancy for the portfolio to 95%+ occupancy and minimized tenant turnover to under 50%. Golub continues to utilize 33 as its exclusive leasing provider for the portfolio.
![city on gray](https://assets-global.website-files.com/6037620fe1bd38a9a87dc3e1/60670eca35b898702aaec907_1.jpg)