Residential Property Management
East Lake has an extensive residential portfolio of market rate, subsidized, mixed-use, 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. This extensive capacity and staff provide us the ability to self-perform all aspects of property management. Including; custodial and maintenance, marketing and leasing, rent collection, tenant recertification, security, risk management, financial management, and commercial and facilities management.
Commercial Property Management
East Lake also manages a significant commercial property portfolio which includes 34 properties & 125 individual tenants in varied property types: small to mid-size shopping centers, 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.
Community Engagement and Services
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.