Heartwood Properties Launches in Colorado and Illinois

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Merged and rebranded company provides property management and brokerage services for close to 500 residential, commercial, and HOA units in Colorado and Illinois

“There are tremendous demands in our markets for both honest, reliable property management and quality, affordable housing options. Heartwood Properties, and its affiliate investment platform, Heartwood Capital, are positioned to fulfill those needs..."

Eric Mallon and Seth Halpern, real estate entrepreneurs with over 25 years of combined experience, today announced the formation of Heartwood Properties, Inc., a property management and brokerage firm, and Heartwood Capital LLC, an affiliate real estate investment platform. Heartwood Properties was formed as the result of a merger of Chicago-based South Shore Partners, LLC and the management arm of Boulder-based developer Element Properties.

Heartwood Properties provides property management and brokerage services for close to 500 residential, commercial, and HOA units in Colorado and Illinois. Heartwood Properties is built on the belief that the best way to manage any property is through transparent communication and a commitment to prompt and efficient service. Managing all types of property classes, including residential, commercial and HOAs, Heartwood Properties understands how to make a tenant feel at home while serving their clients as both real estate advisor and fiduciary.

“We’ve been busy honing our platform within our own portfolio and we’re now excited to bring our boutique style of management to new markets and to third-party clients,” said Mallon. “There are tremendous demands in our markets for both honest, reliable property management and quality, affordable housing options. Heartwood Properties, and its affiliate investment platform, Heartwood Capital, are positioned to fulfill those needs and more.”

Heartwood Capital is an active buyer of value-add and stable multifamily and commercial real estate in both the Denver metro and Chicagoland areas. Building on their existing 150 unit Chicago portfolio, the company’s first Denver area acquisition, 1224-1232 E. 13th Avenue, was made in March 2015. Heartwood Properties will make some minor cosmetic upgrades to the 18-unit multifamily property and will reposition it as Flats on 13. “We’re excited to add such a visible and stable asset to our portfolio and contribute additional quality housing stock to the Cheesman Park neighborhood.”

“Seth and I both draw upon many years of service in the construction, development, legal and property management industries to quickly identify, underwrite and execute on target acquisitions,” continued Mallon. “With our in-house management services, the transition to operations is seamless, allowing us to capture immediate returns for our equity partners.”

Heartwood Properties and Heartwood Capital are headquartered in Boulder, Colo. with an office in Chicago. To learn more about Heartwood Properties and Heartwood Capital, visit http://www.heartwoodpm.com and http://www.heartwoodcapital.com.

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Eric Mallon
@heartwoodpm
since: 01/2015
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