Chicago, IL

Stabilized in 2 mo., unlocking $200k and Y1 payback

Find out How

$200K

In net-new Y1 cash flow

13 mo.

Payback on Ori investment

2 mo.

To stabilization

Problem

The building was facing heavy competition, entering the slow season from October through March.

Solution

While other buildings focused on building-level amenities and concessions, this developer chose to use Ori to enhance the appeal of their units.

Result

Instead of charging a premium for Ori units, this developer kept rents at market and used Ori to out-compete other building, reaching stabilization 3 months faster.

Aalto mobile app UI with two home listings and a title at the top saying 12 new matches

Aalto mobile app screen showing Seller Q&A with collapsable questions and answers

Mobile screen showing a kitchen with a virtual tour badge

“The studios with Ori were the first units to get absorbed in this market. If we would have known there was this type of demand, we may have built more.”

- Director, Acquisitions

About the Building

The Heron, is a premier apartment building in Edgewater Chicago that redefines luxury living. Live the FLATSlife by immersing yourself in the vibrant energy of this thriving neighborhood while enjoying an array of exceptional amenities.