#United States #Chicago #Proper #Millie on Michigan #The Weyland

Proper Company Expands Chicago Portfolio

The Proper Company, known for its innovative approach in property management, has made headlines with its latest expansion in Chicago. The company has recently acquired two new residential properties: the luxurious Millie on Michigan and the welcoming Weyland located at the crossroads of Bucktown and Logan Square. This bold move is part of Proper's strategy to enhance its national acquisitions platform and showcase its versatility in handling various property types.

Luxury Living at Millie on Michigan

Millie on Michigan, positioned at 88 E. Wacker Place, is a striking 47-story residential tower boasting 289 units. This property is not just about size but also offers world-class amenities that cater to modern urban living. Proper has taken on the management of Millie with an ambitious plan to optimize operational efficiency, focusing on driving higher net operating income (NOI). By centralizing services and leveraging improved purchasing power, Proper aims to elevate Millie to its peak operational performance.

CEO and Founder Brian Duggan emphasizes the importance of expanding their presence with significant properties like Millie. “This flagship high-rise is a testament to our capability of deploying national-scale infrastructure while keeping the resident and client experience at the forefront,” he explains.

Boutique Living at The Weyland

In contrast, The Weyland has been rebranded from its former identity, AM 1980, to signify its fresh start under Proper’s guidance. Located at 1980 N. Milwaukee Ave, The Weyland consists of 132 units and aims to blend the charm of boutique living with the reliability of a large-scale operation. Proper’s centralized resources will equip The Weyland to provide quality service reminiscent of boutique buildings while ensuring stability, akin to institutional assets. This property highlights Proper's ability to enhance resident experiences while maintaining operational excellence.

Strategic Growth and Future Plans

The addition of Millie and The Weyland aligns with Proper’s ongoing commitment to expand its portfolio and position itself as a major player in the national multi-family housing market. In addition to these properties, Proper has plans for four more closings in 2026, showcasing its aggressive growth strategy. This growth trajectory reinforces Proper’s goal of consolidating the market by empowering best-in-class management companies across its portfolio.

The company’s recent acquisitions, including properties such as FLATS®, Guardian, Drexel, and CommonPlace, have solidified its standing as a rapidly growing entity in the industry. Through these strategic additions, Proper seeks to intertwine local management expertise with national capabilities, ensuring that both owners and residents experience the highest quality in service and community engagement.

As Proper continues to enhance its presence in the bustling Chicago real estate market, its focus remains on delivering long-term value—not just for property owners but also for the residents who call these developments home. Together with the backing of TriSpan, a private equity firm committed to fostering growth in mid-market companies, Proper is poised to redefine industry standards for property management.

For more information about the new properties and Proper's vision for future developments, visit Millie on Michigan, The Weyland, and Proper.