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Bender Companies Expands Illinois Footprint

Bender Companies /15 Feb 2024

Bender Companies, a vertically integrated multifamily investment firm, announced today its acquisition of Haven Woodridge, located at 8109 IL-53, Woodridge, IL. Built in 1973, the B-class property features 122 units, quality in-unit and community amenities, and a suburban location with top-rated school districts and a thriving labor market.

“We’re excited to get to work,” said Kurt Bender, the firm’s Founder and Principal, “Haven Woodridge initially caught our attention because of the recently renovated units and the attractive in place assumable debt. The property will cash flow day one, and we can further improve operations with new management and strategically planned capital improvements. We’re focused on providing quality, well-located workforce housing and Haven Woodridge checks a lot of the boxes for us.”

Conveniently positioned near major highways, Haven Woodridge provides easy access to Chicagoland with excellent drive-by visibility. The property features large, renovated one and two-bedroom units with floor plans averaging over 850 square feet. These units include stainless steel appliances, espresso cabinets, granite countertops, and modern fixtures, with select units offering custom built-in shelving and private balconies. Other notable on-site amenities include an outdoor swimming pool with a sundeck, a clubhouse, a dog park, and an outdoor dining area with a grilling station. The property will undergo improvements and a rebranding, taking on the new name Edgewood Apartments.

Haven Woodridge is the firm’s 12th acquisition since 2019, bringing Bender Companies’ total number of units owned in Illinois to over 2,700.

About Bender Companies

Based in Chicago, IL, Bender Companies is an owner-operator specializing in the acquisition and management of value-add multifamily assets. Since its inception in 2011, Bender Companies has established a proven track record of high performing investments through strategic acquisitions, mitigating risk, and effective management. Bender Companies sets itself apart by its Principal and upper-level staff participating in the investment of all assets and providing property management and asset management services throughout the term of the investment, in turn creating a motivated alignment with its partners.