What Range Group does

Range Group is a Chicago-based private real estate development and management firm that pursues ground-up development and value-add opportunities across multifamily, industrial, retail, commercial, and office asset classes. The company was founded in 2022 by three principals — Jared Rubin, Seth Halpern, and Brett Katz — whose combined experience includes prior roles at KPMG's Real Estate Valuation Group, Shapack Partners (where they helped transform Chicago's Fulton Market neighborhood), Aries Real Estate, and Marcus & Millichap. Operations are concentrated in Chicago submarkets including Fulton Market, the Kinzie Industrial Corridor, Roscoe Village/Lakeview, Avondale, and the Stockyards area, serving residential tenants, commercial/industrial tenants, and real estate investors.

The firm's product surface comprises nine named properties and developments: flex industrial buildings (1640 W Hubbard, The Bindery, 315 N Oakley), luxury multifamily residential projects (The Clybourn, 455 N Carpenter), adaptive re-use assets (Merlin Day Academy), large-format industrial facilities (3900 S Ashland), new construction industrial developments (Modern City Industrial), and land/development opportunities (KAC Portfolio). Range Group operates without any proprietary technology platform; competitive positioning rests on local market knowledge, principal relationships, and demonstrated execution across rezoning, gut rehabilitation, and adaptive re-use workflows. Notable outcomes include rents more than 10% above underwriting at 3140 Clybourn, 15%+ rent increases at 1640 W Hubbard while maintaining 100% occupancy, and a $20,000,000 disposition of 3140 Clybourn completed within 34 months and 7 days of acquisition.

Revenue is generated through three streams: one-time gains from property sales after development and appreciation (realized through the $20M 3140 Clybourn sale in July 2025), recurring rental income from leasing multifamily apartments and commercial/industrial flex space, and managed services revenue from property management of both owned and third-party assets. Go-to-market is exclusively relationship-driven via principal networks and referrals, with no formal marketing channels. The firm is privately held and founder-owned, with no disclosed institutional investors, venture capital funding, or private equity investment.

Name

Range Group

Legal name

Range Group

Website

https://rangegrp.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Range Group is a Chicago-based private real estate development and management firm specializing in ground-up and value-add opportunities across multifamily, industrial, retail, and office asset classes, serving tenants and investors in the Chicago metropolitan area.

Ownership category

akta.pro rank

Product category

Real Estate Development & Management

NAICS

Offices of Real Estate Agents and Brokers (53121), Management of Companies and Enterprises (551)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Real estate development
• Property management
• Value-add investments
• Multifamily housing
• Commercial real estate

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Development: Ground up and value add real estate development across multiple asset classes including multifamily, industrial, retail, and hospitality. Revenue generated through property sales after development and appreciation.
2. Property Management: Management of both owned assets and third-party managed properties across multifamily, retail, commercial, and industrial property types.
3. Rental Income: Leasing of multifamily apartments and commercial/industrial flex spaces to tenants generating recurring rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Range Group is a Chicago-based real estate development and management company that identifies and acquires undervalued or overlooked properties across multiple asset classes including multifamily, industrial, retail, commercial, and office. The firm pursues ground-up development and value-add repositioning opportunities, then develops, leases, and manages the resulting properties, while also providing property management services for third-party owned assets across multifamily, retail, commercial, and industrial property types.

Product overview

Range Group is a real estate development and management company offering a diversified portfolio of commercial properties across multiple asset classes in the Chicago metropolitan area. The company operates through nine distinct property offerings spanning flex industrial buildings (1640 W Hubbard, The Bindery, 315 N Oakley), multi-family residential developments (The Clybourn, 455 N Carpenter), adaptive re-use projects (Merlin Day Academy), large-scale industrial facilities (3900 S Ashland), new construction developments (Modern City Industrial), and land development opportunities (KAC Portfolio). The company focuses on ground-up development and value-add opportunities, with properties concentrated in Chicago neighborhoods including Fulton Market, Kinzie Industrial Corridor, Roscoe Village, Lakeview, Avondale, and the Stockyards area.

Differentiator

Problem solved

Functional benefit

Products and services

• 1640 W Hubbard A 35,000 sq. ft. flex-industrial building located in the easternmost part of Chicago's Kinzie Industrial Corridor, acquired and value-add repositioned by Range Group with rent growth of more than 15% while maintaining 100% occupancy since April 2021.
• The Clybourn (3140 Clybourn) A 40-unit new-construction luxury multifamily property at 3140 N. Clybourn in Chicago's Roscoe Village/Lakeview neighborhood, delivered Summer 2024 and sold in July 2025 for $20,000,000 after a 34-month, 7-day purchase-to-sale cycle.
• Merlin Day Academy (3319 N Elston Ave) A 22,000 sq. ft. adaptive re-use office building at 3319 N Elston Ave in Chicago's Avondale neighborhood, gut-rehabilitated in 8 months and leased to Merlin Day Academy, a unique sensory-integrated therapeutic school for children with disabilities enrolled in the Chicago Public School system.
• 455 N Carpenter A 72-unit luxury multifamily apartment building on the north end of Chicago's Fulton Market, acquired after rezoning and currently under development by Range Group for a target delivery in Spring 2026.
• KAC Portfolio (Kinzie Aberdeen Carpenter Portfolio) A portfolio of connected properties in Chicago's Fulton Market neighborhood at 1046 W. Kinzie, 415-21 N. Aberdeen, and 414 N. Carpenter, comprising over 31,000 sq. ft. of land with existing 50,000 sq. ft. of buildings and development potential exceeding 350,000 sq. ft.
• 3900 S Ashland A 111,000 sq. ft. building on 7.1 acres at 3900 S Ashland in Chicago's Stockyards neighborhood, acquired in 2021 and re-leased to So-Five Soccer, a nationally recognized operator of indoor soccer facilities.
• The Bindery (325 N. Ashland) An 80,000 sq. ft. two-story flex industrial property with a 43-car parking lot at 325 N. Ashland in Chicago's Kinzie Industrial Corridor, purchased November 2025 at a significant discount to market pricing and under renovation for multi-tenant occupancy.
• Modern City Industrial New-construction development of two highly efficient buildings on 2.25 acres in Chicago's Kinzie Industrial PMD, each containing approximately 34,000 sq. ft. with 28' clear heights, multiple drive-in doors, recessed truck docks, and 63 parking spaces, developed jointly with HSA Commercial.
• 315 N Oakley A 47,000 sq. ft. flex industrial property in Chicago's Kinzie Industrial Corridor, currently being renovated by Range Group for multi-tenant occupancy of 1, 2, or 3 occupants to address demand for small bay industrial flex spaces.

Quantifiable outcome

• Achieved rents more than 10% above original underwriting at 3140 Clybourn
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• HSA CommercialcoreStrategic or Co-development Partner · 1 January 2025Range Group partnered with HSA Commercial in January 2025 to purchase 2.25 acres of land in Chicago's Kinzie Industrial PMD for development of Modern City Industrial project. HSA Commercial serves as the development partner for this joint venture creating two approximately 34,000 SF buildings with industrial flex specifications.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sterling Bay: Large Chicago-focused commercial real estate developer known for transforming neighborhoods including Fulton Market and the Kinzie Industrial Corridor. Comparable given shared geography, asset class mix (office-to-residential/industrial re-use), and overlapping tenant relationships.
• The John Buck Company: Established Chicago real estate investment, development, and management firm operating across office, multifamily, and mixed-use. Comparable given shared Chicago footprint, full-cycle development approach, and property management integration.
• Marc Realty: Chicago-based owner, operator, and developer of office, multifamily, retail, and mixed-use properties. Comparable in full-stack property operation model (own/manage/develop), Chicago concentration, and value-add repositioning strategy.
• Belgravia Group: Chicago-based residential and mixed-use developer active in urban infill neighborhoods. Comparable in Chicago focus, ground-up multifamily expertise, and similar scale of individual developments.
• R2 Companies: Chicago-based real estate investment firm focused on value-add and opportunistic acquisitions of multifamily and mixed-use assets. Comparable in city focus, value-add strategy, and similar Chicago neighborhood orientation.
• Shapack Partners: Chicago-based real estate developer and operator focused on Fulton Market neighborhood transformation. Directly comparable because two of Range Group's three co-founders (Rubin, Halpern) were senior executives at Shapack Partners and replicate the same urban infill, multi-asset playbook.
• Fifield Companies: Chicago-based real estate developer with multifamily, mixed-use, and office expertise including downtown and neighborhood infill projects. Comparable in geography, asset class mix, and ground-up development approach.
• McCaffery Interests: Chicago-headquartered real estate developer and manager with a long track record of urban infill and mixed-use projects in the Midwest. Comparable in market focus, asset class breadth, and developer/investor model.

Broad incumbents

• CA Ventures: Chicago-headquartered real estate investment and development platform with a much larger portfolio across multifamily, student housing, and industrial. Comparable as a same-metro, multi-asset developer, though at meaningfully greater scale and institutional scope.
• The Prime Group: Long-standing Chicago real estate investment and development firm spanning multifamily, office, mixed-use, and hospitality. Comparable in Chicago focus and multi-asset developer model, though at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Range Group