Our Projects

Fox Meadows Apartments

This student housing project in Whitewater, Wisconsin consists of 72 apartments in a three story building located a few blocks from the University of Wisconsin-Whitewater campus. The two bedroom and three bedroom apartments each have a living area, kitchen and two full bathrooms. Each apartment has either a patio (for first floor units) or a private balcony. There are two on-site laundry rooms, a work-out facility and vending machines. The property also has 160 parking spaces and a management office. Fox Meadows Apartments has consistently been 100% leased and offers students excellent apartments and premium space, just minutes from the center of campus. Since acquiring the property, CLG Realty has focused on improving property management, rapidly and effectively responding to tenant service requests, upgrading outdated appliances and equipment and addressing deferred maintenance issues. For more information, go to www.foxmeadows-offcampus.com.

Mallinckrodt in the Park (Completed)

This upscale condominium project in Wilmette, Illinois consists of 81 units in a vintage historic building. The original developer completed the rehabilitation of the building exterior and common elements and sold 48 units before market conditions stalled sales and forced the project into foreclosure. The founders of CLG formed an investment group to purchase the multiple notes and mortgages from the lender, and then consolidated title to the remaining 33 units in a new entity and stabilized the project by providing effective asset management and construction management, financial support for the condominium association and forging a new relationship with the Village of Wilmette. Our intense involvement in the stabilization of the asset and a strong marketing effort resulted in strong sales ahead of pro forma projections, a complete sellout of the project and significant returns to all investors.

Chicagoland Rehab Homes (Completed)

In order to take advantage of significant values in foreclosed homes and the distressed housing market in the Chicagoland area, CLG Realty formed an investment fund to acquire single family houses and townhouses from REO portfolios and through short sales. The homes would then be rehabbed and marketed in their renovated condition at prices comparable to or in some cases below the sales prices of existing but unimproved houses in the area. The initial property was a townhome purchased on Chicago’s north side from a bank’s REO portfolio. The asset was quickly stabilized and CLG Realty began the rehab construction less than a month later. Construction was completed within two months and the townhome was listed for sale and eventually sold. Even though the sale of the property took longer than anticipated, the investors received all of their invested capital plus a return in excess of 12%.

Numerous projects currently in underwriting. Please contact us for more information.