We Believe In Excellence And Service
Equity Property Management L.L.C. (EPM) was formed in 1997 to manage multifamily properties located in Illinois and Wisconsin that had been previously acquired and had, until then, been managed by third party managers on behalf of our investors.
In 1999 a property was purchased in Merrillville, IN that began the systematic investment in real estate in Indiana. Over the next seven years EPM acquired five additional properties in Indiana; three in Merrillville and one each in Granger and Columbus, Indiana. In early 2006 the EPM Corporate Operations Center relocated from Northbrook, Illinois to Merrillville, Indiana.
Expansion continued as third-party fee clients sought out EPM for management services. The EPM managed portfolio also continued to grow by acquisition on behalf of our investor groups. In the fourteen years since EPM’s move to Indiana, EPM acquired an additional 1,647 apartments in ten communities in Indiana and two communities in Louisville, Kentucky.
In 2014, EPM launched Multifamily Construction Management, LLC (MCM) a wholly owned subsidiary of EPM that manages the implementation of complex capital improvements, property-wide apartment rehabilitations and property specific enhancements (e.g. low flow toilet installations, landscaping upgrades, etc.).
In 2016-2017, EPM successfully completed the conversion of 190 apartments in three communities from market rate to Low Income Housing Tax Credit status using the Indiana Housing & Community Development Authority (IHCDA) 4% rehabilitation credits. MCM was the construction manager for this $6,250,000 project. These communities, all located in Merrillville, Indiana, were collectively renamed "Edgewood Group Apartments".
Central to EPM's employee culture is a focus on the owner's objectives: growing income, keeping operating expenses at bay and maintaining the real property in a condition where it appreciates in value. These are concepts that are reinforced with every EPM employee. Consistent outreach, constant marketing for new prospects and a focus on the retention of existing residents enables EPM to maintain high economic occupancies at our managed properties. Prudent planning, careful supervision, structured employee training, and mentoring a well-trained maintenance staff that can perform many traditionally outsourced functions in-house, enables EPM to maximize an owner's return on investment.
EPM employees are, through their participation in the EPM Management Incentive Plan, virtual owners in every property we own and manage.