Welcome to Monroe Management

Monroe Management is a leading provider of real estate management services.  The principals of Monroe Management have been managing and developing real estate for over 70 years collectively.  Monroe’s platform brings experience and operational expertise to large and small buildings with differentiating programs such as rent optimization and lease expiration management, internet and social-media based marketing and buying power with national purchasing programs. All of these are designed to decrease operating costs, drive NOI, increase the quality of service and leverage technology for operations, marketing and leasing.

Monroe Management Company

Boutique Urban Luxury Apartment Development Located in Transit-Oriented Neighborhoods in Chicago

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Monroe employs technology at every level to enhance residents’ lifestyles. Smaller properties also benefit from these technological advances, including online work order submittals, 24-hour maintenance and online rental payments. Further, Monroe leverages relationships with both local and national suppliers and service contractors so that all properties, large and small, benefit from our portfolio’s pricing advantage.

Our Team

Our Affiliations

Our Featured Properties

  • For Rent
    1813 W. 21st Street

    Chicago, IL 60608

    From $1,200 /month

    This great building is two blocks from the Damen Pink Line, the building offers 2 and 3 bedroom apartments with high ceilings in a…

    • Bed2, 3
    • Baths1, 2
    • Sq Ft660 - 1475
  • Featured
    For Rent
    1917 S Racine Ave

    Chicago, IL 60608

    From $1,400 /month

    This an incredible building in the heart of Pilsen that offers 1 and 2 bedroom apartments with high ceilings in a great location.

    • Bed1, 2, 3
    • Baths1, 2
    • Sq Ft528-1251
  • Featured
    For Rent
    2229 W. Cullerton Street

    Chicago, IL 60608

    From $1,450 /month

    This an incredible building in the heart of Pilsen that offers 1 and 2 bedroom apartments with high ceilings in a great location.

    • Bed1, 2
    • Baths1
    • Sq Ft591 - 871
  • For Rent
    1317 W. Erie Street

    Chicago, IL 60642 United States

    From $1,650 /month

    An absolutely great location at Erie and Ogden this beautifully finished building offers 2 bedroom, 1 Bathroom apartments with high ceilings in a great…

    • Bed2
    • Baths1
    • Sq Ft612 - 649
  • For Rent
    1702 S. Morgan Street

    Chicago, IL 60608

    From $1,600 /month

    Beautifully finished building offers 2 and 3 bedroom apartments is in between Halsted Street and incredible 18th Street downtown Pilsen.

    • Bed2, 3
    • Baths1
    • Sq Ft707 - 1361
  • For Rent
    1706 S. Carpenter Street

    Chicago, IL 60608

    From $1,300 /month

    Beautifully finished building offers 1, 2 and 3 bedroom apartments a half a block off incredible 18th Street downtown Pilsen.

    • Bed1, 2, 3
    • Baths1
    • Sq Ft452-1112
  • Featured
    For Rent
    1901 W. 21st Place

    Chicago, IL 60608

    From $1,700 /month

    Beautifully finished building offers 2 and 3 bedroom apartments with high ceilings in a great location.

    • Bed2, 3
    • Baths1, 2
    • Sq Ft652-1188
  • For Rent
    2117 W. 18th Street

    Chicago, IL 60608

    From $1,250 /month

    Beautifully finished building offers 1 and 2 bedroom apartments with high ceilings in a great location.

    • Bed1, 2
    • Baths1
    • Sq Ft551-604
  • For Rent
    1754 W. 21st Place

    Chicago, IL 60608

    From $1,600 /month

    This building is finished with the high-quality standards that we offer. This property has two 2 bedrooms 2 Bath and one 4 bedrooms 2…

    • Bed2, 4
    • Baths1, 2
    • Sq Ft1073 - 2070
MICHAEL L. OBLOY
Principal
MICHAEL L. OBLOY

Michael co-founded Monroe Management Company. He is responsible for the company’s acquisitions, development, and construction management activities.

Michael brings 18 years of direct real estate experience to MMC. During his career, he has led the acquisition, development, construction, management, and sales of over 1,000 residential units, with a value in excess of $325M. He has built and led acquisition, development, construction, and sales teams, and implemented operational platforms that reduced costs, increased efficiencies, and streamlined workflow. He has extensive experience managing the successful execution of multiple projects simultaneously. More recently, Michael was Principal and Operating Officer at Hyperion Homes LLC (now Home Partners of America) where he was responsible for developing and leading sourcing and acquisitions activities, establishing an operating platform that acquired over 200 single family homes in 4 markets across the county.

Michael holds a Bachelor’s degree in Business Management from DePaul University and was recognized by the Department of Management for Outstanding Achievement in Real Estate Management. He is a Board Member of the City of Chicago Chapter of the Home Builders Association of Greater Chicago (HBAGC) and previously held positions on its Executive Committee and Regional Board of Directors.  Michael is also a member of the ELY Chapter of Lambda Alpha International, an honorary society for the advancement of land economics.

Michaels Associations:
LAI | Land Economics Society
Home Builders Association of Greater Chicago
Chicagoland Apartment Association

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ANDREW A. FRIESTEDT
Principal
ANDREW A. FRIESTEDT

Drew brings 20 years of real estate development and hands-on business operating experience to his role at Monroe Management Company. He has developed over $1B of real estate across all asset classes, ranging from large mixed-use developments to regional malls.

Before foundingMonroe Management Company, Drew was Chief Operating Officer at Centrum Properties, one of Chicago’s largest development companies. In addition to his operational responsibilities at Centrum, he managed the design, development, entitlement, and financing of the Roosevelt Collection, a $750 million mixed-use development in Chicago’s South Loop. From 1996 to 2006, he worked at General Growth Properties, Westfield Group, Kravco Company and Lucent Technologies where he managed the development and expansion of regional malls, office buildings, and manufacturing facilities exceeding $400 million in value.

Drew holds a BS in Construction Management from Arizona State University and an MS in Real Estate Development from the Massachusetts Institute of Technology.

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GARY T. KACHADURIAN
Principal
GARY T. KACHADURIAN

Gary Kachadurian has over 30 years of real estate experience specializing in land and asset acquisition, construction, development, financing, and management.  Mr. Kachadurian was formerly Chairman of ARA, the nation’s largest privately owned multi-housing investment advisory company.  Prior to that, he was a Senior Managing Director for Global Business Development for Deutsche Bank Real Estate where his responsibilities included international fund development. He was also a senior member of the Policy Committee of RREEF, a leading pension fund advisor, in addition to being a member of RREEF’s Investment Committee for 14 years.  He was in charge of RREEF’s National Acquisitions Group and Value-Added and Development groups and also had oversight in the acquisition and management of  RREEF’s 24,000 unit apartment investment portfolio.  Prior to joining RREEF, he was the Midwest Regional Operating Partner for Lincoln Property Company, developing and managing apartment communities in Illinois, Indiana, Wisconsin, Kansas, and Pennsylvania.

Mr. Kachadurian was formerly a founding Board member of the Chicago Apartment Association, was formerly Chairman and now serves on the Executive Committee of the National Multi Housing Council, and has served as Board Member of the Multifamily Council of the National Association of Home Builders and the Multi-Family Council of the Urban Land Institute.  He is also an Advisor to Waypoint Residential,  a vertically integrated real estate investment manager specializing in apartment communities.  Mr. Kachadurian is also a Director of the KBS/Legacy REIT and a member of the Board of Bluerock Residential (BRG), Conor Commercial Real Estate, as well as a Director of Pangea Properties.  He is Chairman of the Village Foundation, is on the Advisory Board of the Yellowstone Park Foundation and the Advisory Board of Cure Violence and is a member of the Urban Land Institute.  Mr. Kachadurian received his B.S. in Accounting from the University of Illinois.

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DAWN EVANS
Vice President of Finance
DAWN EVANS

Dawn brings over 18 years of real estate finance and accounting experience to her role as the Vice President of Finance for Monroe Residential Partners. She manages all accounting, reporting and financial aspects for the company and its portfolios.

Before starting her career at Monroe Management Company Dawn was a Vice President, Senior Fund Account Manager at BNY Mellon. Dawn started her career on Wall Street working for JP Morgan in their Financial Control Outstanding Division where she became an Accounting Officer.  After relocating back to her hometown Chicago she worked for Ernst & Young Kenneth Leventhal Real Estate Group as a Senior Auditor. Having a desire to continue her work in real estate finance and accounting she obtained a position at RREEF (Rosenberg Real Estate Equity Funds), which was later acquired by Deutsche Bank, and therefore became a part of their Deutsche Asset & Wealth Management Real Estate Investment Group. At Deutsche Bank Dawn was responsible for the financial affairs of 1 REIT with assets in excess of $565 million and 5 separate account funds with assets in excess of $1 billion.  After working at Deutsche Bank for over 15 years the fund finance team at Deutsche Bank was acquired by BNY Mellon. At BNY Mellon Dawn was responsible for leading a team of fund accountants in all aspects of the day to day activities for the fund administration of a REIT and various separate account funds with assets in excess of $2 Billion.

Dawn holds a BS degree in Accounting from Hampton University, and an MBA with a concentration in Real Estate Finance from Roosevelt University.

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JEREMY E. REIS
General Counsel
JEREMY E. REIS

Jeremy is a principal in the law firm Ruttenberg Gilmartin Reis LLC.  Jeremy has a wide range of expertise, including residential and commercial acquisitions and dispositions, development and real estate based corporate matters.  In his role as General Counsel to Monroe Management, Jeremy is an advisor and provides legal guidance in all matters to Monroe Management.

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EMMANUEL ZAVALA
Director of Property Management
EMMANUEL ZAVALA

Emmanuel brings over 7 years of real estate development and management experience to his role at Monroe Management. He is responsible for property management, budgeting, and implementing all management policies and procedures.

Before joining Monroe Management, Emmanuel was a Community Manager at First Community Management, a condominium management company in Chicago. He was responsible for budgeting, capital project management, and communications for the portfolio of 10 communities. Prior to that Emmanuel was a Portfolio Rental Property Manager at Kass Management Services, a property management company in Chicago. He was responsible for budgeting, management, collections, and leasing of 350 unit portfolio.

He is a licensed Community Association Manager and Real Estate Broker in the State of Illinois. Emmanuel received his B.S. in Real Estate and Finance from DePaul University.

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VALERIE KATZ
Broker
VALERIE KATZ

Please use the contact form to contact Valerie Katz


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