Reside Living Llc
Reside Living LLC owns and operates approximately 3,000 apartment homes across 30+ communities in ten Chicago neighborhoods, serving urban renters through direct-to-consumer leasing, 24/7 concierge services, and the Reside Athletics wellness program under parent Newcastle Investors.
- Company typePrivate
- Founded2009
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Reside Living Llc does
Reside Living LLC is a Chicago-based multifamily real estate owner-operator that owns and operates approximately 3,000 apartment homes across 30+ communities in ten Chicago neighborhoods, including Gold Coast, Lincoln Park, Lakeview, West Loop, Fulton Market, Old Town, River West, Wicker Park/Bucktown, Andersonville/Edgewater, and Buena Park. Founded in 2009 and operating under parent company Newcastle Investors, the company functions as a vertically integrated landlord rather than a third-party manager, controlling leasing, property management, maintenance, and resident services across its portfolio. Unit mix ranges from studios (starting around $1,437/month) to premium 3-bedroom configurations (up to ~$5,632/month), positioning the portfolio across mid-market and luxury price points within Chicago's most walkable, transit-accessible submarkets.
The company's underlying technology stack centers on a direct-to-consumer apartment search website (powered by REPLI 360) that enables map-based property discovery by community, neighborhood, features, price, and move-in date, paired with the Securecafe resident portal for rent payment, maintenance requests, and resident communications. Differentiated service layers include 24/7 concierge services offering restaurant recommendations, reservations, and transportation arrangements, and Reside Athletics, a community fitness and wellness program intended to drive resident engagement and retention. Reside Living uses EliseAI as a third-party AI tool to automate leasing workflows.
Revenue is generated almost entirely through monthly recurring rental income from owned apartment units, with ancillary contributions from concierge and amenity programs. Distribution is direct-to-consumer: prospective residents self-serve search on the website, schedule tours, and convert via on-site leasing teams at each property; ongoing resident services are delivered by in-house property management and concierge staff. The company is privately held, headquartered at 150 N Michigan Ave. in Chicago, and has been recognized with the 2021 Satisfacts Resident Satisfaction Company Award and the 2025 CAMME Awards from the Chicago Apartment Management association.
Reside Living Llc firmographics
Firmographics- Name
- Reside Living Llc
- Legal name
- Reside Living LLC
- Website
- https://resideliving.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Reside Living LLC owns and operates approximately 3,000 apartment homes across 30+ communities in ten Chicago neighborhoods, serving urban renters through direct-to-consumer leasing, 24/7 concierge services, and the Reside Athletics wellness program under parent Newcastle Investors.
- Ownership category
- akta.pro rank
Reside Living Llc industry classification
Industry- Product category
- Multifamily Residential Property Management
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Co-Living Property Management (BPAJAFAJ)
Keywords
Where Reside Living Llc is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Reside Living Llc business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Apartment Rental Revenue: Monthly rental income from 3,000 apartment homes across Chicago. Residents pay monthly rent based on unit size, location, and amenities. Pricing varies by property from approximately $1,437/month for studios to $5,632/month for premium 3-bedroom units.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Studio apartments - Entry-level units in various neighborhoods |
| Subscription | Monthly | 1 Bedroom apartments - Standard residential units |
| Subscription | Monthly | 2 Bedroom apartments - Family/larger unit configurations |
| Subscription | Monthly | 3 Bedroom apartments - Premium larger units |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Reside Living Llc product offering
Product offeringCore offering
Reside Living LLC owns and operates approximately 3,000 apartment homes across 30+ communities in Chicago's most desirable neighborhoods (Gold Coast, Lincoln Park, Lakeview, West Loop, Fulton Market, and others). The company provides urban apartment leasing, property management, and resident services including 24/7 concierge support and the Reside Athletics community wellness program, with monthly rental pricing ranging from approximately $1,437 for studios to $5,632 for premium three-bedroom units.
Product overview
Reside Living LLC operates a portfolio of 29 apartment communities across Chicago's most desirable neighborhoods, including Lincoln Park, Lakeview, Gold Coast, West Loop, Fulton Market, and others. The company owns and operates these properties, offering approximately 3,000 apartment homes ranging from studio to 3-bedroom units with varying price points. Core product offerings include individual apartment communities (e.g., Gild, Park Lincoln by Reside, Reside 707, State & Chestnut, The Belmont by Reside) that provide residential housing. These are supplemented by add-on services including Concierge Services (providing restaurant recommendations, reservations, and transportation assistance), Reside Athletics (fitness and wellness community programs), and a Resident Access Portal for online rent payment and account management. The company operates under its parent organization Newcastle Investors and focuses on delivering elevated apartment living with modern, redesigned spaces in vibrant Chicago neighborhoods.
Differentiator
Problem solved
Functional benefit
Brands
- Reside Athletics: Athletics and wellness program for residents
- Concierge Services
Products and services
- 1846 W Division Apartments
Quantifiable outcome
- 2021 Satisfacts Resident Satisfaction Company Award Winner
- +1 more outcomes
Companies that use Reside Living Llc
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Reside Living Llc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Reside Living Llc partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Reside Living Llc competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: World's largest multifamily property management and investment firm operating apartment communities nationwide; directly comparable to Reside Living as an apartment operator/manager, though materially larger and operating across many more MSAs.
- RPM Living: Fast-growing third-party multifamily property manager with national reach, especially in Texas and Sunbelt markets; comparable to Reside Living on the operating platform side, though run primarily as a fee manager rather than own-and-operate owner.
- Lincoln Property Company: One of the largest diversified real estate firms in the U.S. with a substantial multifamily management and ownership business; comparable to Reside Living on the apartment operations side, though much broader geographically and across asset classes.
- MAACP (Mid-America Apartment Communities): Large-cap public multifamily REIT owning ~100,000+ apartments across the Sunbelt; comparable to Reside Living on the underlying multifamily ownership model, though at vastly greater scale and as a public peer rather than private operator.
Direct peers
- Bozzuto Group: Mid-Atlantic and national multifamily owner/operator and property manager emphasizing concierge-level service and amenity-rich communities; directly comparable to Reside Living's own-and-operate model with service differentiation as a key brand pillar.
- Morgan Properties: Large-scale multifamily owner/operator with ~100,000 units across the eastern and central U.S.; comparable to Reside Living as an own-and-operate apartment platform, though at greater scale and with broader geographic dispersion.
- Avenue5 Residential: National third-party multifamily property manager with a sizable portfolio of owned and managed communities; operates in a similar mid-size private operator tier to Reside Living and competes for the same urban renter segment.
Regional players
- Elan Realty Partners: Chicago-based private multifamily owner/operator actively growing urban apartment communities in the city; highly comparable to Reside Living as a peer Chicago own-and-operate platform competing for similar infill neighborhoods and renter demographics.
- The Habitat Company: Chicago-based multifamily owner/operator with a long-standing portfolio across the city and suburbs. Highly comparable to Reside Living as a fellow Chicago-focused own-and-operate residential platform with similar unit-mix and amenity positioning.
- CA Residential (Chicago Apartments): Chicago-focused multifamily portfolio owner/operator with a comparable mix of urban rental communities; directly comparable to Reside Living as a competing Chicago apartment platform targeting similar neighborhood renter segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Reside Living Llc social profiles
Digital presenceReside Living Llc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Reside Living Llc leadership team
Management profileNumber of profiles
Profiles5 records
Reside Living Llc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Reside Living Llc 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 Reside Living Llc
What does Reside Living Llc do?
Reside Living LLC owns and operates approximately 3,000 apartment homes across 30+ communities in Chicago's most desirable neighborhoods (Gold Coast, Lincoln Park, Lakeview, West Loop, Fulton Market, and others). The company provides urban apartment leasing, property management, and resident services including 24/7 concierge support and the Reside Athletics community wellness program, with monthly rental pricing ranging from approximately $1,437 for studios to $5,632 for premium three-bedroom units.
Is Reside Living Llc a public or private company?
Reside Living Llc is a private company. It is classified as private equity controlled and is currently operating.
When was Reside Living Llc founded?
Reside Living Llc was founded in 2009. It employs 51 to 100 people.
Where is Reside Living Llc based?
Reside Living Llc is headquartered in Chicago, United States, in the North America region.
How does Reside Living Llc make money?
One revenue line is on record: apartment Rental Revenue.
Who are Reside Living Llc's main competitors?
Broad incumbents on record are Greystar Real Estate Partners, RPM Living, Lincoln Property Company and MAACP (Mid-America Apartment Communities). Direct peers are Bozzuto Group, Morgan Properties and Avenue5 Residential. Regional players are Elan Realty Partners, The Habitat Company and CA Residential (Chicago Apartments).
Does Reside Living Llc have an API?
No public API is recorded for Reside Living Llc.
What industry is Reside Living Llc in?
Reside Living Llc's product category is Multifamily Residential Property Management. Its primary akta.pro industry code is BPAJAFAJ, Co-Living Property Management. Its SIC code is 7340.