Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Element at Veridian (the “Property” or “Element”), a 268-home mid-rise apartment complex located in the upscale northwest suburb of Schaumburg.

Element at Veridian provides residents with exceptional luxury living in a variety of in-demand apartment layouts from spacious studios to three-bedroom homes. All units feature the finest finishes with modern kitchen designs, ample storage, and private balconies. Additionally, the property offers a resort-style collection of amenities including a yoga studio, fitness center, expansive outdoor terrace, office suites, luxurious pool, a pet grooming station and two large gated pet parks.

Element at Veridian is ideally situated adjacent to I-90 and I-290 with immediate access to top employers, an unbeatable dining and shopping scene, as well as a plethora of lush surrounding golf courses, parks, and nature preserves. Schaumburg’s A+ rated public schools and best-in-state healthcare allow residents to have the highest quality of life with everything at their fingertips. This opportunity is available free and clear.

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Attributes

Number of units

268

Year built

2020

Building area net

23,590 m²

Media

Investment Highlights

Incredible Investment Opportunity
Focal Point of Unique New Mixed-Use Community within Mature Affluent Suburb
Impressive 76% Retention YTD
Strong 98% Occupancy

Ideal Suburban Chicago Location
Immediate Access to I-90 and I-290 | 20-Minute Drive to O'Hare International Airport
William Fremd High School (Top 2% of High Schools in the U.S.)
Located in the Golden Corridor Nearby Top Employers such as Abbott, Medline, Motorola, Allstate, and Zurich

Elevated Living Experience
Expansive Outdoor Amenity Package Including Swimming Pool, Terrace, Firepits, Grilling Stations and Dog Parks
Multiple Community Spaces Including Community Great Room, Kitchen, 24-Hour Fitness Center, DIY Room, Guest Suite, Business Center, and Rentable Office Spaces
Top-of-the-Line Finishes in All Units

Flourishing Schaumburg Reinvented
96% Projected Average Occupancy through 2030
4.4% Projected Average Rent Growth through 2030
The District at Veridian Development will be the future home of 270,000 SF of Retail/Dining, 80,000 SF of Office Space and New Apartments