East Lake Management & Development Corp.

What East Lake Management & Development Corp. does

East Lake Management & Development Corp. is a Chicago-based, privately held real estate development and property management firm founded by Elzie Higginbottom in approximately 1990 (with 35+ years of operating history). The company operates across the full real estate value chain — site acquisition, financial analysis, finance packaging, design oversight, marketing, leasing, and ongoing property management — serving residential tenants, commercial tenants, and property owners across the Midwest market.

The firm manages a diversified portfolio of 10,000+ residential units spanning market-rate, subsidized, and mixed-use properties for families and seniors, alongside 34 commercial properties housing 125 individual tenants across retail, office, and industrial assets. Named properties include Cadence (a 161-unit luxury apartment in the Illinois Medical District), Grace Manor (65 affordable units in North Lawndale, co-developed with Grace at Jerusalem CDC), Gateway Retail (25,000 sq ft retail complex), and a Hampton Inn hotel. Over its history, East Lake has developed more than 7 million square feet of real estate.

Revenue is generated through managed services fees on the property management book, leasing and management fees on commercial assets, and one-time development fees and ownership returns on development projects. Pricing is negotiated individually based on property type and scope and is not publicly disclosed. The firm employs 501-1,000 people and markets primarily through its corporate website, LinkedIn, and Facebook, supplemented by property-specific landing pages. No proprietary technology platform or AI/ML capabilities are disclosed, with the core technology stack described as standard property management infrastructure.

Name

East Lake Management & Development Corp.

Legal name

East Lake Management & Development Corp.

Website

https://eastlakemgmt.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

East Lake Management & Development Corp. is a Chicago-based, privately held real estate firm that develops, owns, and manages 10,000+ residential units and 34 commercial properties across the Midwest, serving tenants, property owners, and communities through integrated development, leasing, and management services.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Real estate development
• Property management
• Commercial leasing
• Residential housing
• Affordable housing

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

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

Revenue model

1. Residential Property Management: Management of residential portfolio including market rate, subsidized, and mixed-use properties for families and seniors. Generates recurring management fees from property ownership and management contracts.
2. Commercial Property Management: Management of commercial and institutional facilities including retail, office buildings, industrial and mixed-use facilities. Manages 34 properties with 125 individual commercial tenants generating leasing and management revenue.
3. Real Estate Development: Property development across residential, retail, commercial, and hospitality sectors. Development capabilities include site analysis, acquisition, budget projections, financial analysis, finance packaging, design oversight, marketing, and leasing. Over 7 million square feet developed.
4. Hospitality/Hotel Operations: Hotel operations including Hampton Inn in the Illinois Medical District.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

East Lake Management & Development Corp. develops, manages, leases, and invests in real estate across the Chicago and Midwest markets. The company provides two core service lines: Development Services (site analysis, acquisition, financial analysis, finance packaging, design oversight, marketing, and leasing across residential, retail, commercial, office, industrial, and hospitality sectors) and Management Services (end-to-end management of 10,000+ residential units and 34 commercial properties with 125 tenants).

Product overview

East Lake Management & Development Corp. is a real estate development and management company that operates a portfolio of residential and commercial properties across Chicago and the Midwest. The company offers two core service offerings: Development Services (including site analysis, financial analysis, finance packaging, design oversight, marketing, and leasing for residential, retail, commercial, office, industrial, and hotel properties) and Management Services (including financial systems, physical systems, compliance, leasing, and quality control). Their property portfolio includes 15 named properties: Cadence (161-unit apartment building with retail), Grace Manor (65 affordable housing units), Gateway Retail (25,000 sq ft retail center), Hampton Inn (hotel), Lawless Gardens, 200 N Dearborn, Grand Renaissance, Luther Terrace, 1250 N LaSalle, Park Shore East, MEDS, Washington SRO, Eastwood Tower, Roosevelt Towers, and Bristol Apartments. The company manages over 10,000 residential units and 34 commercial properties with 125 individual tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Cadence 161-unit luxury apartment building located at 2050 W. Ogden within the Illinois Medical District in Chicago, IL. Features a rooftop lounge and pool, second-floor lounge with outdoor terrace, fitness center, business/coworking space, and 9,757 sq ft of ground-floor retail. Targeted at residential tenants seeking upscale urban housing.
• Grace Manor 65 affordable housing units located at 3201-3423 W. Ogden in North Lawndale, developed in partnership with Grace at Jerusalem CDC. Includes ground-level retail space and views along Ogden Avenue and historic Route 66. Targeted at low-income residents.
• Gateway Retail 25,000 sq ft retail center completed in 2019 at 2020 W Ogden in the Illinois Medical District. Two-building complex with tenants including Starbucks, Chipotle, AT&T, Jimmy John's, Panda Express, Five Guys, Buffalo Wild Wings, and others. Targeted at retail and commercial tenants.
• Hampton Inn Hotel located in the Illinois Medical District in Chicago. Operated as a hospitality asset within East Lake's portfolio. Targeted at business and leisure travelers.
• Lawless Gardens Residential property managed by East Lake. Targeted at residential tenants.
• 200 N Dearborn Property located in downtown Chicago managed by East Lake. Targeted at residential or commercial tenants.
• Grand Renaissance Residential property managed by East Lake. Targeted at residential tenants.
• Luther Terrace Residential property managed by East Lake. Targeted at residential tenants.
• 1250 N LaSalle Residential property located in Chicago managed by East Lake. Targeted at residential tenants.
• Park Shore East Elderly housing property managed by East Lake. Targeted at senior residents.
• MEDS Property in the Illinois Medical District managed by East Lake. Targeted at commercial or residential tenants.
• Washington SRO Single room occupancy residential property managed by East Lake. Targeted at low-income or transitional residents.
• Eastwood Tower Residential tower property managed by East Lake. Targeted at residential tenants.
• Roosevelt Towers Multi-unit residential property managed by East Lake. Targeted at residential tenants.
• Bristol Apartments Multi-unit residential property managed by East Lake. Targeted at residential tenants.
• Development Services Real estate development services including site analysis, acquisition, budget projections, financial analysis, finance packaging, design oversight, marketing, and leasing. Capabilities span residential (affordable, workforce, luxury), retail, commercial, office, industrial, and hotel/hospitality properties. Targeted at property owners, investors, and community partners.
• Management Services End-to-end property management services including financial systems, physical systems, compliance, leasing, and quality control. Manages 10,000+ residential units (market rate, subsidized, mixed-use for families and seniors) and 34 commercial properties with 125 tenants across shopping centers, office buildings, and retail buildings. Targeted at property owners and investors.

Quantifiable outcome

• 7+ million square feet developed
• +2 more outcomes

Named customers8 records

Segments4 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.

• Grace at Jerusalem CDCcoreStrategic or Co-development PartnerCommunity Development Corporation partnership for Grace Manor affordable housing project. Grace Manor, located at 3201-3423 W. Ogden in North Lawndale, consists of 65 units of affordable housing with ground-level retail space. The partnership emphasizes the historic legacy of Route 66 which spans from Chicago to the West Coast.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Fifield Companies: Chicago-based real estate development and investment firm focused on multifamily, mixed-use, and hotel properties — comparable to East Lake's development capabilities across residential and hospitality asset classes.
• The Habitat Company: Chicago-based property management and real estate development firm managing thousands of apartment units across multiple states, with a focus on affordable and market-rate multifamily housing — directly comparable to East Lake's residential property management and development model in the same geography.
• Draper and Kramer: Chicago-based full-service real estate company offering development, property management, mortgage, and title services — comparable as a diversified Midwest real estate firm with overlapping capabilities across the lifecycle.
• Marquette Companies: Chicago-headquartered multifamily real estate investment, development, and management firm with a national portfolio — comparable in vertically integrated multifamily operations.
• The John Buck Company: Chicago-based real estate investment and development firm specializing in mixed-use, multifamily, and office properties — comparable in development and ownership of urban Chicago real estate assets.
• Golub & Company: Chicago-based real estate development and investment firm operating residential, mixed-use, and commercial properties — comparable as a vertically integrated developer and operator in the same Chicago market.
• Evergreen Real Estate Group: Chicago-based affordable housing property management and development firm with a portfolio of LIHTC and subsidized properties across the Midwest — directly comparable to East Lake's affordable housing management and development capabilities.
• Kass Management Services: Chicago-based property management firm specializing in residential and commercial property management across the Midwest — directly comparable in scope of managed services and regional focus.

Broad incumbents

• Lincoln Property Company: National multifamily and commercial property management and development firm with a large U.S. portfolio — comparable as a broad incumbent offering similar residential and commercial management services at national scale.
• Greystar Real Estate Partners: Largest U.S. apartment property manager and developer with hundreds of thousands of units under management globally — comparable as a dominant incumbent in residential property management with broader geographic reach than East Lake.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/eastlakemgmt
• LinkedInlinkedin.com/company/east-lake-management-&-development-corp.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 East Lake Management & Development Corp.