Condor Partners
Condor Partners is a Chicago-based boutique real estate development firm executing ground-up, adaptive reuse, repositioning, and value engineering projects across residential, senior living, office, and hospitality for investors, municipalities, and institutions.
- Company typePrivate
- Founded1994
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Condor Partners does
Condor Partners is a privately held, Chicago-based boutique real estate development firm operating as Condor Partners, LLC in Illinois. Founded circa 1994, the firm specializes in ground-up development, adaptive reuse, repositioning, and value engineering across residential, commercial, senior living, office, and hospitality asset classes, with active projects spanning the Chicago and Evanston metropolitan areas, St. Louis, and references to San Francisco and Boston. Its core products are individual real estate developments — Lincoln Park Mews (18 boutique residences), Trulee (nine-story, LEED Silver-certified senior living in Evanston, 2023 RE Journals Senior Housing Award winner), Mural Park (200,000 sq ft Class A office redevelopment in Pilsen anchored by HCSC and 5 Rabbit Cerveceria), The Boulevard (74 luxury apartments plus retail anchors in Richmond Heights, MO), the proposed Duke of Wells (203-room Old Town hotel), and 2042-2044 N Halsted — supplemented by consulting services in due diligence, financial planning, public engagement, and development management. The firm employs 1-10 people and is led by Founder & CEO Sol Barket, Founding Partner Michael McLean Jr., and Partner & CFO Rashid Masood, with a hospitality specialist and property management staff. Revenue is generated through one-time real estate development and property sales/leasing transactions and professional consulting engagements; pricing is project-specific and quote-based with no public disclosure. GTM is relationship-driven enterprise field sales targeting investors, developers, banks, municipalities, corporations, and institutions, supported by a curated capital partner network (including Northlight Capital Partners), earned media presence in Chicago outlets, and direct leasing channels such as LoopNet.
Condor Partners firmographics
Firmographics- Name
- Condor Partners
- Legal name
- Condor Partners, LLC
- Website
- https://condorpartners.net
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Condor Partners is a Chicago-based boutique real estate development firm executing ground-up, adaptive reuse, repositioning, and value engineering projects across residential, senior living, office, and hospitality for investors, municipalities, and institutions.
- Ownership category
- akta.pro rank
Condor Partners industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Management, Scientific, and Technical Consulting Services (5416)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)
- akta.pro secondary industry
- Buy-Side Search & Acquisition Advisory (FSAEAIAD)
Keywords
Where Condor Partners is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Condor Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Real Estate Development and Property Sales: Condor Partners generates revenue through ground-up development, adaptive reuse, and repositioning of real estate properties. Revenue is realized through property sales, long-term leasing, and asset management of developed properties. The firm manages projects from site selection and design through financing, construction, leasing, and asset management.
- Real Estate Consulting Services: The firm provides expert real estate consulting services to banks, financial institutions, municipalities, investors, developers, corporations, property owners, general contractors, universities, hospitals, and other institutions. Services include due diligence, highest and best use analysis, financial planning and accounting, public engagement, and development management.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Condor Partners product offering
Product offeringCore offering
Condor Partners is a Chicago-based boutique real estate development firm that executes ground-up development, adaptive reuse, repositioning, and value engineering projects across residential, senior living, office, hospitality, and mixed-use asset classes. The firm manages projects end-to-end from site selection and design through financing, construction, leasing, and asset management. Complementary advisory services include public engagement, due diligence, financial planning and accounting, highest and best use analysis, and impact services.
Differentiator
Problem solved
Functional benefit
Products and services
- Lincoln Park Mews 18-unit boutique residential development in Chicago's Lincoln Park neighborhood created through complete gut rehabilitation, featuring modern elegance with top-tier finishes, spa-inspired bathrooms, and in-unit amenities.
- Trulee Evanston Senior Living Nine-story, LEED Silver Certified senior living community in downtown Evanston offering memory care, assisted living, and independent residences. Designed by Hirsch|MPG LLC with interiors by Interior Design Associates, Inc. Recipient of the 2023 Real Estate Award for Senior Housing from RE Journals.
- Mural Park 200,000-square-foot Class A office and commercial redevelopment in Chicago's Pilsen neighborhood, restoring two 100-year-old warehouse buildings into customizable workspace with a 5,000-square-foot public lobby and event space.
- The Boulevard (Richmond Heights, MO) Open-air lifestyle development in Richmond Heights, MO offering 74 luxurious apartments, upscale retail, and fine dining, anchored by The Bar Method, LOFT, Crate & Barrel, and Maggiano's Little Italy in the St. Louis metropolitan area.
- 2042-2044 N Halsted Comprehensive renovation in Chicago's Lincoln Park combining ground-floor retail and residential apartments, including Rock N Rags clothing boutique and three-bedroom residential units.
- Hotel Lincoln Completed boutique hotel project in Lincoln Park, Chicago, recognized by Fodor's Travel Guides as among the best hotels globally.
Quantifiable outcome
- Trulee senior living community is nearly completely full with long-term independent living, assisted living, and memory care residents
- +2 more outcomes
Companies that use Condor Partners
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles4 records
Condor Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Condor Partners partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Hirsch|MPG LLCcoreHirsch|MPG LLC served as architect for the Trulee senior living community in Evanston, designing the nine-story building with memory care, assisted living, and independent residences that received LEED Silver certification and the 2023 RE Journals Senior Housing Real Estate Award.
- Interior Design Associates, InccoreInterior Design Associates, Inc provided interior design services for Trulee senior living community, contributing to the modern, award-winning approach that defines the property.
- Pappageorge HaymescoreAward-winning architect Pappageorge Haymes crafted the design for The Duke of Wells hotel, featuring classic masonry, expansive 8-foot windows, and numerous balconies and terraces that connect guests to the vibrant street scene.
- Studio 11coreStudio 11 designed the chic interiors for The Duke of Wells hotel, offering a playful nod to the past with a lively, modern ambiance that complements the historic Old Town location.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Condor Partners competitors and assessment
Company assessmentDirect peers
- Brinshore Development: Chicago-based community-centered developer focused on mixed-income and affordable housing with strong public engagement. Directly comparable to Condor's Pilsen First Initiative approach and adaptive-reuse execution.
- Magellan Development Group: Chicago-based developer of large, master-planned mixed-use and waterfront projects (e.g., Lakeshore East). Comparable to Condor in Chicago focus and diversified asset-class portfolio spanning residential, hospitality, and retail.
- Atria Senior Living: Operator and developer of senior living communities including independent living, assisted living, and memory care. Directly comparable to Condor's Trulee senior living platform, sharing the multi-level care model and urban/suburban site strategy.
- Sterling Bay: Chicago-based real estate developer known for large-scale, design-driven adaptive reuse and mixed-use projects across the city. Directly comparable to Condor Partners in geography, boutique scale, and adaptive-reuse strategy.
- L3 Capital: Chicago-based real estate investment and development firm focused on urban mixed-use, multifamily, and adaptive repositioning. Comparable to Condor in scale, asset class mix, and Chicago-centric operations.
- CA Ventures: Chicago-headquartered real estate investment and development firm active in multifamily, student housing, and hospitality. Overlaps with Condor's apartment and hotel tracks and serves similar Midwestern and national markets.
- Aparium Hotel Group: Boutique hotel development and operating company where Director of Hospitality Bob Shelley previously served as VP of Hotel Operations. Directly comparable for hospitality development and adaptive-reuse hotel projects like The Duke of Wells.
Broad incumbents
- Related Companies: Nationwide developer of large-scale mixed-use, multifamily, and affordable housing including adaptive reuse and ESG-focused projects. Comparable to Condor across asset classes but at vastly greater scale and capital base.
- Trammell Crow Company: Large national commercial real estate developer operating across office, multifamily, healthcare, and mixed-use. Compares to Condor's office (Mural Park) and multi-asset platform, though at institutional scale.
Others
- Origin Investments: Chicago-based real estate investment and sponsor platform raising capital for development and value-add projects. Comparable as a Chicago real estate capital partner adjacent to Condor's developer-lender ecosystem, though not a direct development competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Condor Partners social profiles
Digital presenceCondor Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Condor Partners leadership team
Management profileNumber of profiles
Profiles6 records
Condor Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Condor Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Condor Partners
What does Condor Partners do?
Condor Partners is a Chicago-based boutique real estate development firm that executes ground-up development, adaptive reuse, repositioning, and value engineering projects across residential, senior living, office, hospitality, and mixed-use asset classes. The firm manages projects end-to-end from site selection and design through financing, construction, leasing, and asset management. Complementary advisory services include public engagement, due diligence, financial planning and accounting, highest and best use analysis, and impact services.
Is Condor Partners a public or private company?
Condor Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Condor Partners founded?
Condor Partners was founded in 1994. It employs 1 to 10 people.
Where is Condor Partners based?
Condor Partners is headquartered in Chicago, United States, in the North America region.
How does Condor Partners make money?
Two revenue lines are on record. Real Estate Development and Property Sales are the primary driver. The others are real Estate Consulting Services.
Who are Condor Partners's main competitors?
Direct peers on record are Brinshore Development, Magellan Development Group, Atria Senior Living, Sterling Bay, L3 Capital, CA Ventures and Aparium Hotel Group. Broad incumbents are Related Companies and Trammell Crow Company. Origin Investments is listed as an others.
Does Condor Partners have an API?
No public API is recorded for Condor Partners.
What industry is Condor Partners in?
Condor Partners's product category is Real Estate Development. Its primary akta.pro industry code is BPAHADAI, Strategic Partnerships, Alliances & JVs Advisory, with a secondary code of FSAEAIAD, Buy-Side Search & Acquisition Advisory. Its NAICS code is 5416 and its SIC code is 6532.