Shodeen

What Shodeen does

Shodeen Group is a privately held, family-owned real estate development company founded in 1961 by Kent Shodeen and headquartered in Geneva, Illinois. The company specializes in residential and commercial real estate development across the Greater Fox Valley region of the Chicago metropolitan area, operating a vertically integrated platform spanning land acquisition, construction (via Shodeen Homes and Shodeen Construction), commercial and residential leasing, and hospitality operations. Its portfolio comprises 30+ commercial properties, 8 apartment rental communities, multiple single-family rental homes in Elburn, and wholly-owned hospitality assets including Herrington Inn & Spa, Atwater's restaurant, Mill Creek Golf Club, and two event reception venues. Master-planned communities such as Mill Creek Village Center, Prairie Centre, Hudson Crossing, and Elburn Station integrate residential, retail, office, outlot, and amenity components into self-contained submarket ecosystems.

The business operates across four revenue streams: recurring commercial property leasing (office, retail, and outlot assets such as Tri City Shopping Center, Fox Island Square, and Randall Commons), recurring residential rental income from branded apartment communities (The Reserve at Prairie Centre, The Reserve at Hudson Crossing, The Village at Mill Creek, Dodson Place Apartments) and single-family homes, episodic land and build-to-suit development sales, and hospitality operations. Pricing varies materially by asset: residential rents span from $1,450/month studios to $4,425/month 3BR units, while commercial leases are quote-based across spaces ranging from 289 sq ft outlots to 86,118 sq ft shopping centers. The company markets directly to tenants through its website, on-site leasing offices, virtual tour platforms (Zillow, 3DPlans), and phone/email outreach. Its go-to-market is direct-to-consumer for both residential renters and SMB commercial tenants, with build-to-suit arrangements for franchise operators (e.g., 7 Brew).

The competitive position rests on six decades of local operating history, deep Kane County relationships, vertical integration across the development value chain, and the scale of its physical footprint within a defined regional geography. Revenue is diversified across asset classes, geographies, and customer segments, with no disclosed enterprise anchor tenants. The company has expanded steadily into adjacent verticals — for-sale housing (Shodeen Homes) and hospitality — while continuing to densify its existing Fox Valley submarkets through master-planned community development.

Name

Shodeen

Legal name

Shodeen Group

Website

https://shodeen.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

11–50 employees

Short description

Shodeen Group is a family-owned real estate developer founded in 1961, operating 30+ commercial properties, 8 apartment communities, single-family rentals, and hospitality venues across Illinois's Greater Fox Valley region under Kent Shodeen's ownership.

Ownership category

akta.pro rank

Headquarters

HQ city

Geneva

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Leasing: Rental income from leasing office, retail, and outlot commercial properties to businesses. Properties include Hudson Crossing, Elburn Station, Tri City Shopping Center, and various other retail and office spaces across the Fox Valley region.
2. Residential Rental Income: Monthly rental income from apartment communities (The Reserve at Prairie Centre, The Reserve at Mill Creek, The Village at Mill Creek, The Reserve at Hudson Crossing, Dodson Place Apartments) and single-family rental homes in Elburn.
3. Hospitality Operations: Revenue from hospitality properties including Herrington Inn & Spa, Riverside Receptions, Herrington Receptions, Atwater's restaurant, and Mill Creek Golf Club.
4. Land Development: Development and sale of land parcels and build-to-suit commercial sites, such as Randall Road, N. Aurora (16 acres with restaurant and retail units).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Shodeen develops, owns, leases, and manages residential rental communities, single-family rental homes, commercial office/retail/outlot properties, and hospitality venues in the Illinois Fox Valley region. The company operates as a vertically integrated developer and landlord, marketing units directly to consumers and businesses through its website, on-site leasing offices, and direct outreach. Hospitality operations (Herrington Inn & Spa, Mill Creek Golf Club, Atwater's restaurant, reception venues) complement the core real estate activities.

Product overview

Shodeen is a family-owned real estate development company offering a diversified portfolio of residential rentals, commercial properties, and hospitality services in the Illinois Fox Valley region. The company operates as a unified platform with multiple sub-brands spanning rental communities (The Reserve at Prairie Centre, The Reserve at Hudson Crossing, The Village at Mill Creek, Dodson Place Apartments), single-family rental homes (Elburn Station with Aspen, Taylor, Frisco Ranch models), commercial properties (office, retail, outlots across 30+ properties), and hospitality venues (Herrington Inn & Spa, Mill Creek Golf Club). Properties are concentrated in Geneva, St. Charles, Oswego, Elburn, and North Aurora.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Communities (Apartment Rentals)

Named customers8 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.

• Herrington Inn & SpacoreOthersHospitality property operated by Shodeen, located in Geneva, IL. Part of Shodeen's hospitality portfolio which includes restaurants, reception venues, and golf courses.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AvalonBay Communities: Public multifamily REIT that develops, acquires, and operates Class A apartment communities across high-growth U.S. markets, directly mirroring Shodeen's eight residential rental communities and ongoing multifamily development in the Fox Valley.
• Equity Residential: Public multifamily REIT with deep Chicago-metro concentration, operating and developing urban and suburban apartment assets that closely parallel Shodeen's multifamily rental and adjacent commercial portfolio serving Chicago commuters.
• The Habitat Company: Chicago-based private multifamily owner/operator with mixed residential and commercial holdings in Illinois, providing a closely comparable Midwest-focused mixed-real-estate operating model to Shodeen's vertically integrated approach.
• M/I Homes: Public homebuilder with significant Chicago-region single-family and attached product exposure, directly comparable to Shodeen Homes and the single-family rental operation in Elburn Station.

Broad incumbents

• PulteGroup: One of the largest U.S. public homebuilders with active Chicago-area operations, comparable to Shodeen's residential development arm as a broad incumbent in the same for-sale housing category.
• D.R. Horton: Largest U.S. public homebuilder providing a broad-incumbent comparison for Shodeen's residential development, rental home, and build-to-suit single-family exposure across Midwest markets.
• Toll Brothers: National luxury homebuilder with Chicago-area communities, comparable to Shodeen's higher-end single-family rental homes and new-home construction in Mill Creek, Elburn Station, and other master-planned settings.
• Taylor Morrison: Top-five U.S. public homebuilder with a focus on master-planned communities, closely mirroring Shodeen's Mill Creek and Elburn Station planned-community strategy in overlapping Chicago-adjacent metros.
• Hyatt Hotels Corporation: Public hotel/lodging incumbent whose boutique and select-service operations approximate Herrington Inn & Spa as a comparable hospitality operator within Shodeen's mixed real estate portfolio.
• Greystar Real Estate Partners: Largest global multifamily developer, operator, and investment manager, providing a scaled-incumbent comparison to Shodeen's vertically integrated apartment development and third-party property management model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Geneva61
• LinkedInlinkedin.com/company/shodeen-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Shodeen