East Lake Management Group, Inc. is a property management company with over 30 years of experience in Chicago and elsewhere in the Midwest. East Lake currently manages properties owned by third parties and the firm itself. The firm is 100% minority owned and controlled, headquartered in Chicago and licensed within the State of Illinois. East Lake’s strength is the depth of its corporate talent. With over 600 employees from various professional and educational backgrounds, East Lake is able to address the full range of property management issues.
East Lake’s management portfolio is comprised of the following categories:
East Lake’s diverse clients have included the private and financial institutions such as Bank One, Illinois Service Federal Bank, Oxford Bank, as well as public and governmental agencies like the City of Chicago, Cook County, IL, the Chicago Housing Authority, US General Services Administration, Catholic Charities of Chicago and other non profit entities.
East Lake has an extensive residential portfolio of market rate, subsidized, mixed use, and family and senior housing under its management. East Lake’s particular expertise is in the management of affordable rental housing: Section 8, Low Income Housing Tax Credits, Low Income Housing Trust Fund, public housing, and SROs. East Lake’s management portfolio of over 12,000 units covers the Chicagoland area as well as properties elsewhere in Illinois, Missouri and Indiana. Today, East Lake is one of the largest managers of affordable housing in Chicago.
East Lake manages a significant commercial property portfolio which includes 34 properties & 125 individual tenants in varied property types: small to mid-size shopping centers, an office campus and several office and retail buildings, some in mixed-use settings. In-house staff is responsible for all aspects of management, including leasing, tenant design and build out, rent collection, CAM calculations and reconciliation, budgeting, capital repairs and routine maintenance.
East Lake is also part of teams providing management services at Midway Airport concessions area, McFetridge, and Soldier Field.
As a minority owned business enterprise and manager of numerous assisted housing developments within Chicago’s inner city, East Lake is acutely aware of the need to introduce programs permitting residents to overcome social, economic and other barriers and encourage their growth and development. To address that need, East Lake is pro-active in efforts to encourage self-sufficiency and the creation of jobs for inner city youth. This approach is indicative of East Lake’s commitment to responsible supportive services programs and is carried into every new project the firm undertakes.