Lendlease Offers New Spin On Rent-To-Buy

April 1, 2021

Taylor Johnson client Lendlease has a new solution for those debating whether to rent versus buy: do both.

Through its new LendLEASE and Buy program, buyers at its two under-construction condominium towers, The Reed in Printers Row and Cirrus in Lakeshore East, can rent next door at either The Cooper or Cascade, respectively – both also developed by Lendlease – until their new homes are ready for move-in. Buyers will not only enjoy the offerings of a fully amenitized rental building while establishing roots in their future neighborhood, but they will also start building equity in their new home. With LendLEASE and Buy, a portion of the rent paid during construction will be recouped as a credit at closing, up to 2.5% of the purchase price. Taylor Johnson connected Crain’s Chicago Business with Ted Weldon, executive general manager of development for Lendlease’s Chicago office, and David Wolf, president and CEO of TJ client Wolf Development Strategies, the exclusive sales and marketing firm for The Reed, for a recent feature highlighting the program.

Lendlease recently launched LendLEASE and Buy, an innovative program that allows condo buyers at The Reed (right) to rent next door at The Cooper (second from right) until their new home is ready for move-in. Those who do can recoup a portion of rent paid as a credit at closing.


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