The real estate investment companies in Illinois play a vital role in the property market, catering to various asset types such as residential, commercial, and industrial real estate. These companies vary in size from small, family-owned firms to large corporate entities, offering services that include property management, development, and financial management. The industry is witnessing greater trends toward sustainability and technology integration, as firms adapt to changing market demands. Notably, urban areas are attracting investment due to their appeal to both individuals and businesses, boosting real estate values and development opportunities.


The companies featured in this list are primarily headquartered in Chicago, showcasing Illinois as a pivotal center for real estate investment. Established between 1947 and 2012, the size of these firms ranges from small teams to larger groups, each specializing in various property types and investment strategies. Many companies manage significant portfolios, with some overseeing billions in assets. This concentration reflects a mix of experience and innovation in the market, reinforcing Illinois as a hub for investment opportunities.


Continue reading to discover the top real estate investment companies in Illinois.


Top 19 Real Estate Investment Companies in Illinois


1. Heitman

  • Website: heitman.com
  • Ownership type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 80%, United Kingdom (UK) 8%, Hong Kong S.A.R 3%, Other 9%
  • Latest funding: $110.0M, January 2018
  • Founded year: 1966
  • Headcount: 201-500
  • LinkedIn: heitman

Heitman LLC is a Chicago-based real estate investment firm that specializes in private equity real estate, real estate debt, and public real estate securities. Established in 1966, Heitman has built a strong foundation in the industry, managing over $48 billion in assets for institutional investors and high-net-worth individuals. The firm operates with a global footprint, maintaining offices in major cities across North America, Europe, and Asia-Pacific. Heitman prides itself on its research-driven approach, integrating investment strategies with in-house research to adapt to changing market conditions. Their team comprises seasoned professionals with an average of 28 years of industry experience, which enhances their ability to navigate various economic cycles. Heitman is wholly owned by its senior officers, ensuring alignment of interests with their clients and fostering a culture of trust and transparency.


2. Waterton

  • Website: waterton.com
  • Ownership type: Family Owned
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1995
  • Headcount: 1001-5000
  • LinkedIn: waterton

Waterton is a family-owned real estate investment and property management firm based in Chicago, Illinois. Established in 1995, the company specializes in multifamily and hospitality properties, managing a national portfolio valued at around $10 billion. Waterton's approach centers on enhancing property value through strategic management and construction services, catering to institutional investors and family offices. The firm operates in over 25 markets across the United States, showcasing its extensive reach and expertise in the industry. With a senior management team averaging over 25 years of experience, Waterton is well-equipped to navigate the complexities of real estate investment and property management.


3. Habitat

  • Website: habitat.com
  • Ownership type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 97%, Other 3%
  • Latest funding: January 2022
  • Founded year: 1971
  • Headcount: 501-1000
  • LinkedIn: the-habitat-company

The Habitat Company, based in Chicago, Illinois, has been a significant player in the real estate sector since its founding in 1971. Specializing in property management, development, and investment services, Habitat focuses on creating quality housing solutions and fostering sustainable communities. With a portfolio that includes market-rate, mixed-income, and affordable housing, the company has developed over 17,000 residential units, showcasing its capability in handling various property types. Habitat actively engages in impact investing, emphasizing social responsibility and community involvement. Their partnerships with institutional equity groups and private funds for property acquisitions further illustrate their strategic approach to real estate investment. Habitat's commitment to improving the lives of residents and enhancing community welfare is evident in their initiatives and projects, making them a noteworthy entity in the real estate investment landscape.


4. CA Ventures

  • Website: ca-ventures.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 71%, United Kingdom (UK) 21%, Spain 3%, Other 4%
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: caventures

CA Ventures, founded in 2004 and based in Chicago, Illinois, is a private real estate investment management firm. The company specializes in a variety of asset classes, including student housing, residential properties, industrial spaces, and senior living facilities. With a commitment to delivering exceptional environments and experiences, CA Ventures employs a vertically integrated approach that encompasses investment management, development, and property management services. This model allows them to maintain control and quality throughout the lifecycle of their projects. The firm has made over 140 investments across more than 100 markets, catering primarily to institutional investors. Their focus on sustainability and community engagement reflects a modern understanding of the real estate market's demands and opportunities.


5. PGIM Real Estate Finance


PGIM Real Estate Finance, based in Chicago, Illinois, is a private real estate investment management firm that specializes in providing a range of investment solutions. Established in 1997, the company has built a reputation for its expertise in real estate equity, debt, and public REIT securities. PGIM Real Estate Finance caters to both institutional and individual investors, helping them navigate the complexities of the market and achieve their investment goals through expert management and innovative strategies. With over 50 years of experience in commercial real estate investing, the firm leverages proprietary data and research to inform its investment decisions. As of June 30, 2024, PGIM Real Estate Finance manages $132 billion in net assets and administers an additional $47 billion, showcasing its significant presence in the industry. The company is also recognized for its commitment to sustainability, aiming for net-zero emissions by 2050, and has a global footprint with offices in 35 cities worldwide.


6. GEM Realty Capital

  • Website: gemrc.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1994
  • Headcount: 51-200
  • LinkedIn: gem-realty-capital-inc

GEM Realty Capital, based in Chicago, Illinois, is a private real estate investment firm that has been active since 1994. The company specializes in both private and public market opportunities, offering a range of investment services that include private real estate investments, publicly traded real estate securities, and investment management. With a team of experienced professionals, GEM Realty Capital has made over 160 private real estate investments, demonstrating a strong track record in the industry. Their investment platform is structured around three main areas: GEM Realty Properties, which focuses on private market real estate; GEM Realty Securities, which targets publicly traded real estate securities; and GEM Realty Special Situations, which seeks non-controlling investments in private real asset and infrastructure companies. This strategic approach allows GEM to navigate market complexities effectively and deliver strong returns to its clients, which include institutional investors and high-net-worth individuals.


7. Oxford Capital Group, LLC

  • Website: oxford-capital.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: Other (Debt), $41.0M, April 2025
  • Founded year: 1994
  • Headcount: 11-50
  • LinkedIn: oxford-capital-group-llc

Oxford Capital Group, LLC is a Chicago-based real estate investment and management firm that specializes in large-scale acquisitions and developments, particularly in the hospitality and residential sectors. Established in 1994, the company has built a robust portfolio that includes hotels, resorts, and multifamily residential properties. With a focus on delivering quality living and hospitality experiences, Oxford Capital serves both institutional investors seeking attractive returns and consumers looking for premium accommodations. The firm operates through several affiliates, including Oxford Hotels & Resorts, which manages lifestyle hotels, and Oxford Residential, which focuses on multifamily developments. Their investment strategy is characterized by a disciplined approach, leveraging data-driven analysis and a commitment to ethical standards. Recently, they secured $41 million in funding, further solidifying their position in the market and enabling continued growth and development in key urban areas across the United States and select international markets.


8. The Wolcott Group LLC

  • Website: wolcottgroup.net
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1998
  • Headcount: 11-50
  • LinkedIn: the-wolcott-group-llc

The Wolcott Group LLC is a private real estate investment firm based in Chicago, Illinois, specializing in managing and optimizing undervalued real estate assets. Established in 1998, the company has built a robust investment management platform that caters to institutional investors and high-net-worth individuals. With over $1 billion in gross real estate assets managed, Wolcott employs a variety of investment strategies, including joint ventures and direct investments across multiple property types and geographies. Their approach is characterized by a focus on downside risk and capital preservation, which has enabled them to achieve strong risk-adjusted returns. The firm has a hands-on team that actively participates in all aspects of the investment process, ensuring that each opportunity is evaluated on its own merits. Their portfolio includes a range of projects, from urban condominium reconversions to senior housing developments, showcasing their ability to adapt to changing market conditions and identify new investment themes.


9. Walton Street Capital

  • Website: waltonst.com
  • Ownership type: Private Equity
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 87%, Mexico 11%, Other 2%
  • Latest funding: September 2024
  • Founded year: 1994
  • Headcount: 51-200
  • LinkedIn: walton-street-capital

Walton Street Capital is a private equity firm based in Chicago, Illinois, specializing in real estate investments. Founded in 1994, the company has built a robust portfolio that includes both equity and debt investments across various asset classes. With a dedicated team of over 110 professionals, Walton Street has successfully managed and originated real estate investments primarily in the U.S. and Mexico. The firm has a strong focus on delivering attractive investment opportunities, leveraging its extensive market knowledge and long-standing relationships with owners and investors. Walton Street Capital has a proven track record, having executed over 500 investments totaling more than $55 billion, demonstrating its expertise in navigating market cycles and adapting to changing economic conditions. The firm prides itself on its principled approach, emphasizing integrity, transparency, and disciplined investment strategies.


10. American Landmark Properties


American Landmark Properties is a private real estate investment firm based in Skokie, Illinois, founded in 1986. The company specializes in commercial real estate, focusing on acquiring and managing value-add and opportunistic properties. Their portfolio primarily includes office, industrial, and multifamily assets. With a history spanning over three decades, American Landmark has successfully acquired and managed properties totaling approximately $1.5 billion in value and 14.6 million square feet. The firm targets accredited investors seeking passive income and strong returns through strategic real estate investments. Their investment strategy emphasizes hands-on management and targeted capital improvements to enhance property value. American Landmark Properties has a proven track record of delivering an average IRR of 26.4%, showcasing their ability to generate substantial returns for their investors. The firm operates with a streamlined management structure, allowing for timely decision-making and effective asset management.


11. R2 Companies

  • Website: r2.me
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 92%, India 4%, Nigeria 4%
  • Founded year: 2012
  • Headcount: 11-50
  • LinkedIn: r2-companies

R2 Companies, founded in 2012 and based in Chicago, Illinois, is a private equity real estate firm that specializes in the acquisition, development, and management of high-quality real estate assets. The firm operates with a fully integrated approach, managing all aspects of the real estate investment process. R2 focuses on creating unique spaces in urban markets, catering to businesses and organizations that seek tailored leasing and management solutions. With a current portfolio of 5.6 million square feet and $800 million in assets under management, R2 has established a significant presence in the industry. Their projects often involve adaptive reuse of architecturally significant structures, showcasing their expertise in revitalizing historic properties. R2 Companies maintains offices in Chicago, Milwaukee, and Minneapolis, and actively operates in multiple cities across the United States.


12. Starwood Retail Partners

  • Website: starwoodretail.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 96%, Canada 4%
  • Founded year: 2012
  • Headcount: 11-50
  • LinkedIn: starwood-retail-partners

Starwood Retail Partners, based in Chicago, Illinois, is a private investment management firm that operates under the umbrella of Starwood Capital Group. Founded in 2012, the company specializes in retail real estate investments, focusing on identifying and capitalizing on profitable opportunities in the market. Starwood Retail Partners caters primarily to institutional investors and high-net-worth individuals, providing expert management and advisory services for real estate portfolios. The firm is known for its strategic approach to investment, emphasizing the importance of thorough market analysis and asset management to maximize returns. With a dedicated team of professionals, Starwood Retail Partners actively manages a portfolio of retail properties, ensuring that they meet the evolving needs of consumers and investors alike.


13. Blue Vista Capital Management


Blue Vista Capital Management, LLC is a private real estate investment firm based in Chicago, Illinois, founded in 2002. The company specializes in student housing, middle market equity, and real estate credit, partnering with institutional investors to create tailored investment strategies. With a dedicated team of professionals, Blue Vista has invested over $13.4 billion in total capitalized value across various property sectors in the U.S. and Canada. Their investment strategies are supported by a strong network of over 4,000 sponsors and operators, allowing them to identify and capitalize on opportunities effectively. The firm is also known for its commitment to responsible investing, integrating environmental, social, and governance (ESG) initiatives into their investment processes. Blue Vista's affiliate, PeakMade Real Estate, enhances their capabilities in student housing management, providing operational expertise and access to unique investment opportunities.


14. Singerman Real Estate

  • Website: singermanre.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2010
  • Headcount: 11-50
  • LinkedIn: singerman-real-estate

Singerman Real Estate, LLC, based in Chicago, Illinois, is a private real estate investment firm established in 2010. The company specializes in opportunistic investments across a variety of asset classes, including industrial, life science, office, hospitality, retail, and multifamily properties. With a team of experienced professionals, Singerman Real Estate focuses on identifying profitable investment opportunities and providing asset management services primarily for institutional investors. The firm has raised a series of four institutional commingled funds and has executed over 80 investments, amounting to approximately $1.5 billion in equity. Their investment strategy is characterized by flexibility, allowing them to adapt to different market conditions and target investments that can withstand economic fluctuations. Additionally, Singerman Real Estate is committed to community involvement and sustainability, actively engaging in philanthropic efforts and promoting diversity within their organization.


15. Kaufman & Jacobs, LLC

  • Website: kaufmanjacobs.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1947
  • Headcount: 11-50
  • LinkedIn: kaufman-%26-jacobs-llc

Kaufman & Jacobs, LLC is a private real estate private equity firm based in Chicago, Illinois. Established in 1947, the company has built a solid reputation in the investment and management of various property types, particularly multifamily and senior housing. With a current portfolio valued at approximately $865 million, Kaufman & Jacobs has overseen the ownership and management of tens of millions of square feet of commercial real estate across the United States. The firm emphasizes a hands-on management approach and employs rigorous investment criteria to ensure quality in their acquisitions. They have successfully engaged with over 350 unique institutional and retail investors since 2000, demonstrating their capability to attract and manage a broad investor base. Their investment strategies include value-add, opportunistic, and core approaches, focusing on acquiring underperforming properties and developing high-quality residential assets. Kaufman & Jacobs has also developed, renovated, and construction-managed projects worth over $1 billion, showcasing their comprehensive involvement in the real estate sector.


16. Capri Investment Group

  • Website: capri.global
  • Ownership type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Latest funding: August 2024
  • Founded year: 1992
  • Headcount: 11-50
  • LinkedIn: capri-capital-partners

Capri Investment Group is a Chicago-based real estate investment firm that has been active since 1992. With a workforce of 37 employees, the company specializes in real estate development and direct investment. Over the years, Capri has successfully completed transactions exceeding $14 billion, showcasing their extensive experience and established relationships within the industry. The firm is currently revising its corporate website to reflect its evolving focus on real estate development, emphasizing a commitment to ethical practices and client service. Capri Investment Group serves both investors and developers, providing opportunities in the real estate market and leveraging its three decades of industry knowledge.


17. The John Buck Company

  • Website: tjbc.com
  • Ownership type: Private
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1981
  • Headcount: 51-200
  • LinkedIn: the-john-buck-company

The John Buck Company, based in Chicago, Illinois, is a private real estate development and property management firm that has been active since 1981. With a workforce of around 99 employees, the company specializes in the investment, development, and management of commercial and residential properties. Over the years, it has developed or repositioned approximately 47 million square feet of real estate, totaling more than $8 billion in gross value. The firm caters primarily to institutional investors and property owners, providing expertise in navigating complex real estate markets. Their portfolio includes notable projects such as Chicago's first LEED-certified high-rise and the world's most intelligent office building. The company is also recognized for its commitment to sustainability, having integrated environmental, social, and governance principles into its operations long before they became industry standards. This focus on quality and strategic development has allowed The John Buck Company to maintain a strong presence in the real estate investment sector.


18. AHC Funds


AHC Funds is a private equity real estate investment firm based in Chicago, Illinois, founded in 1995. The company specializes in private equity real estate investments, aiming to deliver attractive risk-adjusted returns to high-net-worth individuals and family offices. AHC Funds has successfully deployed over $300 million in equity toward a variety of real estate assets, showcasing their capability in strategic development and asset management. The firm operates in selected U.S. markets, utilizing extensive market intelligence and strong industry relationships to identify and capitalize on investment opportunities. Their team comprises seasoned professionals with significant experience in asset management, leasing, development, and construction, allowing them to pursue complex investment opportunities that may be overlooked by others. AHC Funds has a history of managing private equity real estate funds, providing investors with direct access to quality development opportunities and income-producing properties.


19. Pearlmark

  • Website: pearlmark.com
  • Ownership type: Venture Capital
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: November 2022
  • Founded year: 1996
  • Headcount: 11-50
  • LinkedIn: pearlmark-real-estate-partners

Pearlmark Real Estate Partners, founded in 1996 and headquartered in Chicago, Illinois, is a real estate investment firm that specializes in value-add strategies. The company operates primarily in the U.S. market, offering both equity and debt investment opportunities tailored for institutional and high net worth investors. Pearlmark's investment philosophy revolves around enhancing performance through strategic real estate management, which is evident in their active participation in various transactions, including mezzanine loans and property acquisitions. The firm employs a team of experienced professionals, averaging nearly 30 years in the industry, who guide its investment strategies. Pearlmark is also committed to sustainability and community engagement, participating in initiatives that support local organizations and promote diversity within the real estate sector. Their recent activities include closing on multiple significant investments, showcasing their ongoing relevance and operational capacity in the market.



Real Estate Investment Insights: Key Companies in Illinois


CompanyHeadquarterSizeFoundedOwnership
HeitmanChicago, Illinois, United States (USA)201-5001966Corporate
WatertonChicago, Illinois, United States (USA)1001-50001995Family Owned
HabitatChicago, Illinois, United States (USA)501-10001971Corporate
CA VenturesChicago, Illinois, United States (USA)11-502004Private
PGIM Real Estate FinanceChicago, Illinois, United States (USA)201-5001997Private
GEM Realty CapitalChicago, Illinois, United States (USA)51-2001994Private
Oxford Capital Group, LLCChicago, Illinois, United States (USA)11-501994Private
The Wolcott Group LLCChicago, Illinois, United States (USA)11-501998Private
Walton Street CapitalChicago, Illinois, United States (USA)51-2001994Private Equity
American Landmark PropertiesSkokie, Illinois, United States (USA)11-501986Private
R2 CompaniesChicago, Illinois, United States (USA)11-502012Private
Starwood Retail PartnersChicago, Illinois, United States (USA)11-502012Private
Blue Vista Capital ManagementChicago, Illinois, United States (USA)51-2002002Private
Singerman Real EstateChicago, Illinois, United States (USA)11-502010Private
Kaufman & Jacobs, LLCChicago, Illinois, United States (USA)11-501947Private
Capri Investment GroupChicago, Illinois, United States (USA)11-501992Corporate
The John Buck CompanyChicago, Illinois, United States (USA)51-2001981Private
AHC FundsChicago, Illinois, United States (USA)11-501995Private
PearlmarkChicago, Illinois, United States (USA)11-501996Venture Capital


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