Montclare Senior Residences

What Montclare Senior Residences does

Montclare Senior Residences is a private, family-owned affordable senior housing operator headquartered in Des Plaines, Illinois and operating exclusively in the Chicago metropolitan area. The company is operated by MR Properties, LLC, whose principals (Philip I. Mappa, Colin A. Regan, and Steve Mappa) have more than 40 years of real estate development experience in Chicago. The portfolio comprises five communities totaling 815+ units: Montclare Senior Residences of Galewood (335 units, completed 2004), Montclare Senior Residences of Avalon Park (224 units, completed 2015), Montclare Supportive Living Community of Lawndale (120 units, completed June 2017), Montclare Senior Residences of Englewood (102 units), and Montclare Senior Residences of Calumet Heights (134 units, completed 2019-2020). Four of the five properties offer independent living for seniors aged 55+ or 62+; the Lawndale property provides supportive/assisted living with 24-hour certified staff and Medicaid acceptance.

The core products are private studio, one-bedroom, and two-bedroom apartments in mid-rise (seven-story) buildings, equipped with full kitchens, 24/7 emergency alert systems, personal medical pendants, and shared amenities including community centers, fitness centers, salons, libraries, and shuttle services. The underlying technology is conventional property-management and residential-operations infrastructure rather than a proprietary software platform; no API, SDK, or AI capability is disclosed. Day-to-day leasing is outsourced to Pacific Management, while the Lawndale supportive living community is professionally managed by Gardant.

The business model rests on recurring monthly rents from income-qualified senior residents, with utilities (heat, water, sewer, trash) bundled in. Rents are quote-based and income-restricted under the federal Low-Income Housing Tax Credit (LIHTC) program, which provides tax-credit subsidies to the developer in exchange for affordable housing units. The company accepts Section 8 housing vouchers, and roughly 90% of Avalon Park residents are classified as low-income. Distribution is direct-to-consumer via property tours and inbound inquiries; outreach is largely content marketing through a senior-lifestyle blog, an email newsletter, and community partnerships (e.g., Alderman Michelle Harris, Black United Fund of Illinois). Revenue is not publicly disclosed.

Name

Montclare Senior Residences

Legal name

MR Properties, LLC

Website

https://montclarecommunities.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Montclare Senior Residences, a private Chicago operator under MR Properties LLC, owns and operates five affordable senior housing communities (815+ units) serving income-qualified seniors through LIHTC-supported independent and supportive living apartments.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Nursing and Residential Care Facilities (623)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Senior Living Property Management (BPAJAGAI)

Keywords

• Senior housing
• Affordable housing
• Independent living
• Assisted living
• LIHTC housing

Headquarters

HQ city

Des Plaines

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential Rent: Monthly rent payments from senior residents in independent and supportive living apartments. Rent includes utilities (heat, water, sewer, trash). Prices vary and are quote-based based on income qualification.
2. Low-Income Tax Credit (LIHTC) Program: Revenue supported through the Low-Income Housing Tax Credit program, which provides federal tax credits to developers in exchange for affordable housing units.
3. Section 8 Housing Assistance: Government housing assistance payments through Section 8 vouchers accepted at properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Montclare Senior Residences develops, owns, and operates affordable independent and assisted senior living communities in the Chicago area. Its portfolio of five properties totaling 815+ units provides private studio, one-bedroom, and two-bedroom apartments to seniors aged 55 and older, including supportive living with 24-hour certified staff. Communities are operated under the Low-Income Housing Tax Credit (LIHTC) program and accept Section 8 housing vouchers, with rent including utilities (heat, water, sewer, trash) and on-site amenities such as community rooms, fitness centers, salons, and shuttle services.

Product overview

Montclare Senior Residences operates a portfolio of affordable senior living communities across Chicago neighborhoods. The portfolio consists of four distinct senior living properties: (1) Montclare Senior Residences of Avalon Park offering independent living for seniors 55+, (2) Montclare Supportive Living Community of Lawndale providing assisted living with 24-hour care, (3) Montclare JoAnn Thompson Senior Residences of Englewood offering independent senior living, and (4) Montclare Senior Residences of Calumet Heights serving independent seniors 62+. Properties offer various apartment sizes including studios, one-bedroom, and two-bedroom units with amenities such as community centers, fitness facilities, salons, and shuttle services. The communities are developed and managed by parent company MR Properties, LLC.

Differentiator

Problem solved

Functional benefit

Products and services

• Montclare Senior Residences of Avalon Park Affordable independent senior living community in Chicago's Avalon Park neighborhood, offering Studio, 1 Bedroom, and 2 Bedroom apartments for seniors 55 and over. On-site amenities include full kitchens, a community center, salon, and free shuttle service. The property participates in the LIHTC affordable housing program.
• Montclare Supportive Living Community of Lawndale Affordable assisted living community in Chicago's Lawndale neighborhood with 120 private studio and one-bedroom apartments. Provides personal assistance, medication help, 24-hour certified staff, and support services for low-income seniors including Medicaid recipients. Managed by Gardant.
• Montclare JoAnn Thompson Senior Residences of Englewood Independent affordable senior living community located at 6332 S. Green Street in Chicago's Englewood neighborhood, offering senior housing units for income-qualified seniors.
• Montclare Senior Residences of Calumet Heights Independent affordable senior living community for seniors 62 and over, featuring a 7-story building with 134 one and two bedroom units on 2 landscaped acres in the Calumet Heights neighborhood. On-site amenities include a community center, fitness center, business center, and beauty/barber salon.
• Montclare Senior Residences of Galewood Affordable senior housing community of 335 units in the Galewood neighborhood of Chicago, completed in 2004 and described by the company as the largest and one of the most successful senior projects in the State of Illinois.

Named customers3 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

Feature3 records

Partnerships

Eight partnerships are on record, tiered major, minor and core.

• Alderman Michelle Harris (8th Ward)majorStrategic or Co-development Partner · 30 April 2020Chicago Alderman provides ongoing political and community support to help keep all 234 residents safe. Facilitated food donations from community partners.
• Captain Hard TimesminorGTM or Marketing Partner · 30 April 2020Food donations provider for Montclare Senior Residences of Avalon Park during COVID-19 pandemic relief efforts.
• Black United Fund of Illinois, Inc.minorGTM or Marketing Partner · 30 April 2020Food donations provider for Montclare Senior Residences of Avalon Park during COVID-19 pandemic relief efforts.
• Koval DistilleryminorGTM or Marketing Partner · 30 April 2020Hand sanitizer donations provided to Montclare Senior Residences during COVID-19 pandemic.
• Davis-Leake Consulting, LLCminorImplementation/ SI/ Consulting Partner · 30 April 2020Consulting firm providing management support and COVID-19 response coordination at Montclare Senior Residences of Avalon Park.
• Magellan DevelopmentmajorStrategic or Co-development PartnerJoint venture partner with Magellan Development to develop a 2-acre parcel at Madison, Monroe and the Kennedy Expressway in Chicago. The mixed-use project will consist of 400-500 apartments, 200-300 hotel rooms, and 500,000-800,000 sq. ft. of Class A office and retail space.
• Pacific Management Inc.coreChannel Partner/ Reseller/ DistributorPacific Management handles property management and leasing for Montclare Senior Residences. Leasing inquiries: 312-267-4850 or [email protected].
• GardantcoreChannel Partner/ Reseller/ DistributorGardant professionally manages the Montclare Supportive Living Community of Lawndale. Visit gardant.com/montclaresupportiveliving for information and tours.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Brookdale Senior Living: Brookdale is the largest US senior living operator with a national portfolio of independent living, assisted living, and memory care communities, providing a broad incumbent benchmark for senior housing unit economics, occupancy, and care-level segmentation.
• Welltower: Welltower is the largest healthcare REIT focused on senior housing, post-acute, and outpatient medical properties, providing a public-market valuation benchmark for senior housing real estate portfolios including affordable and supportive living assets.
• Atria Senior Living: Atria is a major US senior living operator with a multi-state portfolio of independent and assisted living communities, serving as a benchmark for senior housing operating metrics even though Atria focuses on higher-end market-rate segments rather than LIHTC.

Regional players

• Hispanic Housing Development Corporation: Hispanic Housing Development Corporation develops and manages affordable rental housing including senior properties in Chicago's neighborhoods, comparable to Montclare in LIHTC-financed Chicago affordable housing model and resident demographics.
• Mercy Housing Lakefront: Mercy Housing Lakefront is a regional nonprofit affordable housing developer focused on Chicago and the upper Midwest, developing LIHTC-subsidized senior and family housing in overlapping Chicago neighborhoods, making it a strong regional comparable to Montclare.

Direct peers

• National Church Residences: National Church Residences is one of the nation's largest nonprofit developers and operators of affordable senior housing, with a portfolio of LIHTC-subsidized independent and assisted living communities serving low-income seniors, directly comparable to Montclare's mission and financing structure.
• The NHP Foundation: NHP Foundation is a nonprofit affordable housing developer specializing in LIHTC-financed senior and multifamily housing across urban markets, comparable to Montclare in funding model, unit scale, and urban geographic footprint.
• Gardant Management Solutions: Gardant is the third-party operator that manages Montclare's Lawndale Supportive Living Community and runs a portfolio of affordable assisted living communities across Illinois and the Midwest, making it the most directly comparable peer in operating model and resident profile.
• Beacon Communities: Beacon Communities is a private affordable housing developer that develops, owns, and manages LIHTC properties including senior housing across major US metros, with similar development cost scale and operating model to Montclare's MR Properties platform.
• Volunteers of America National Services: Volunteers of America operates a national portfolio of affordable senior housing and supportive living communities, many financed via LIHTC and accepting Section 8 vouchers, paralleling Montclare's operating model and resident demographics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mr-properties-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 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 Montclare Senior Residences