Chicago, IL – April 23, 2023 — Element at Veridian, a Class A 260-unit multifamily community located in Schaumburg and co-owned by VennPoint Real Estate and UrbanStreet Group, is the recipient of the 2023 CAMME Award for Property Excellence. The 2023 Chicagoland Apartment Marketing and Management Excellence (CAMME) Awards honor and celebrate excellence in every facet of the Chicagoland rental housing industry. A product of the Chicagoland Apartment Association (CAA), this year’s CAMME Awards celebrated its winners at a gala on April 14th at the Marriott Marquis Chicago.
Located on the Veridian Campus, Element boasts best-in-class amenities with large floor plans that allow tenants to comfortably work from home, a fitness center, large outdoor pool, grill area, fully-amenitized common area, dog park, and individual offices available for tenant use. VennPoint, in partnership with UrbanStreet Group, delivered Element in June 2020 and has successfully executed a lease-up strategy driving top-of-market rents.
“The CAMME Awards provide a special opportunity to honor apartment professionals who go above and beyond to serve residents throughout the multifamily rental housing community,” said Michael Mini, Executive Vice President of the CAA. “CAA represents an incredibly diverse range of members—from small, independent owners of two-flats, affordable housing property development companies, and large institutional real estate investment trusts. They work tirelessly to serve residents throughout the Chicagoland area, and we’re grateful to have an evening together where those efforts can be recognized and honored.”
“We are honored to receive the most coveted of CAMME awards and are proud to include Element in our portfolio of high-quality multifamily assets,” said Kellie DeVilbiss, COO of VennPoint Real Estate. “Element’s success has been driven by VennPoint’s asset management team and our initial vision for the property that we shared with our partners, UrbanStreet Group.”
“UrbanStreet Group is thrilled with our team at Element at Veridian and proud to have our property recognized with the 2023 CAMME Property Excellence award,” said Lisa Cioffi, Director of Operations at UrbanStreet Group. “The community’s commitment to excellence is reflected in every aspect from its design to the property management team.”
About VennPoint Real Estate
VennPoint Real Estate is a data-driven, core-plus and value-add multifamily investment firm focused on providing predictable, tax-advantaged cash flow with upside derived from intense management, select property improvements, and asset repositioning. Visit www.vennpointre.com for more information on our company and a complete list of projects.
About UrbanStreet Group
As a full-service real estate firm, UrbanStreet engages in real estate investment, development, property management and general contracting activities. Based in Chicago, we have been involved in projects throughout Chicagoland, across the Midwest and the Southwest. Founded in 1996, UrbanStreet is led by executives with several decades of real estate experience. For more information, please visit www.UrbanStreetGroup.com.
About the Chicagoland Apartment Association
The Chicagoland Apartment Association (CAA) represents more than 6,000 apartment professionals who own and/or manage over 260,000 market-rate and affordable rental units in over 1,700 apartment properties ranging from high-rises to two-flats across the Chicagoland region. CAA provides professional development and networking opportunities to apartment industry professionals and advocates on their behalf at the state and local government level. For more information, please visit www.caapts.org.
For more information or to inquire, contact info@vennpointre.com
