Providence Real Estate Revenue and Competitors

Providence Real Estate (“Providence”) acquires apartment communities in infill suburban locations that offer middle-income residents renovated, market-rate apartments that they can afford in safe communities with strong school systems that would otherwise generally be inaccessible to this middle-income population, known as the U.S. “workforce." Not only does access to community resources better the lives of its residents, it lowers operating costs by reducing turnover and increasing occupancy. Providence is headquartered in the greater Chicago area and has been an active operator, manager, and asset manager of multifamily residential communities since 1985. Providence has acquired over 18,000 apartment units worth over $1.4 billion. Providence consists of a group of veteran real estate professionals dedicated to identifying, acquiring, renovating, operating and harvesting multifamily properties. Providence’s property management division is Providence Management Company, LLC (www.provman.com).