Draper and Kramer Tackles Classic Value-Add In Palatine
With rental demand continuing to be strong in Chicago’s popular northwest suburbs, Taylor Johnson client Draper and Kramer, Incorporated,
is tackling into a textbook value-add opportunity with the rebranding and renovation of a 448-unit apartment community in Palatine, Ill. Following its acquisition of Village Park of Palatine as part of a partnership earlier this year, the full-service real estate firm recently announced it has reintroduced the property as The Clayson and embarked on an $8.25 million renovation that spans unit updates, new amenity offerings and other capital improvements. For more on how Draper and Kramer is drawing on its decades of experience to plan a renovation that addresses today’s renters’ priorities, check out this Heartland Real Estate Business story.
Draper and Kramer has rebranded Village Park of Palatine as The Clayson. An $8.25 million renovation is underway.