Overview

Providence Real Estate acquires apartment communities in infill suburban locations that offer middle-income residents renovated, market-rate apartments that they can afford in communities with strong school systems that would otherwise generally be inaccessible to this middle-income population, known as the U.S. “workforce." Not only does access to community resources better the lives of its residents, it lowers operating costs by reducing turnover and increasing occupancy. The Chicago-based Providence began its operations in 1985 and its principals have acquired over 54,000 apartment units worth over $7 billion.