MZ Capital Partners Succeeds in Targeting Millennials Desiring a Luxury Niche Apartment Living in the Chicago Suburban Market
NORTHBROOK, IL – MZ Capital Partners is a demographic-focused real estate investment firm with a niche specializing in multi-family assets across the United States, announces their Naperville project has virtually sold out in just a few months of pre -location. All 112 units are now rented where the industry standard in new build pre-rental is 7-10 units per month. MZ Capital Partners’ business model is unique in the industry. They are able to include all of the sought-after amenities and luxury upgrades for residents while renting at lower than market prices. They are able to do this through innovative construction techniques and efficient use of square footage in each of their apartments.
Another feature that may only be of interest to this group is non-smoking. According to the CDC, adult smoking rates have fallen 7% in a decade. Vantage Naperville is a designated smoke-free resort that includes shared spaces and outdoor spaces.
Vantage Naperville Apartments, located at the entrance to the revitalized Ogden Area Corridor, offers studio and one-bedroom convertible apartments with monthly rents starting at $ 950. The first tenants moved in last week. The non-smoking community is pet-friendly and has a state-of-the-art fitness center, organized common areas for work and play, private work-at-home suites, 24-hour smart delivery and pickup and 7 days a week, fast fiber optic internet connection, stainless steel appliances with quartz countertops in the kitchens, full-size washer / dryer in the home, nine-foot ceilings and bright living spaces with balconies available in some units.
“The Vantage Naperville Apartments have been rented faster than any other MZ Capital Partners project in the history of our company.” said Michael H. Zaransky, Senior Director of MZ Capital Partners. “Naperville is a desirable city for millennials to live in and enjoy restaurants, entertainment, shopping and outdoor activities.”
Vantage Naperville is DuPage County’s latest new build apartment community with direct and easy access to downtown Naperville, I-88 corridor employers and the Metra. Professionally appointed outdoor amenity areas include a patio with a communal fireplace and outdoor kitchen and gas grills to complement the site’s walk to the growing neighborhood’s retail, dining and entertainment areas. The PACE bus stops on site and a large personal bicycle storage room is available.
About MZ Capital Partners: Founded in 2007, MZ Capital Partners is headquartered in Northbrook, Illinois. MZ Capital Partners is a demographic-focused real estate investment firm with a niche specializing in multi-family assets across the United States. The company was recognized for its placement on the 2017 INC 500 list of America’s Fastest Growing Private Companies and was recently named overall winner of the ‘Best Workplaces’ 2020 by the National Apartment Association. For more information on MZ Capital Partners, visit: mzcapitalpartners.com