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Lease-up consultants

Leasing Pros

Leasing Pros is a Minneapolis, Minnesota owner's representative for multifamily owners. The site says it was founded in 2012, formerly as Client Integration Services Leasing, and it now handles initial lease-ups, restabilization of underperforming assets, and the construction and compliance work that sits around them.

The firm organizes the work into seven divisions: initial lease-up, restabilization, construction services, owner's representative, affordable housing compliance, commercial property inspections, and commercial cleaning. On an owner's-rep engagement it embeds with the ownership team, assesses leasing, marketing, operations, and physical condition, builds a prioritized plan, and executes it. Compliance work covers applications, income verifications, and certification and recertification packages for LIHTC, HOME, Section 8, and Tax Exempt Bond properties.

Construction is delivered through Endurance Elite, a partner company that handles unit trash-outs, painting, flooring, appliances, cabinetry, and countertops, plus commercial roofing, siding, and exterior painting. Endurance Elite is based in Minnesota and says it will travel for the right national project; commercial cleaning is offered in Minnesota only. The portfolio described on the site runs from $1.5 million adaptive reuse deals to ground-up developments above $250 million, across 19 states.

The lease-up claims are the firm's own figures: stabilization 3.4 times faster than market average, and 95% or better occupancy in six to eight months. Ask which division would own each part of a scope, because construction, inspections, and cleaning come from different teams and cleaning is limited to Minnesota.

Best for

Multifamily owners with a new building that is not leasing, or a stabilized asset that has slipped into double-digit vacancy, including 100-unit-plus turnarounds. Owners who need only construction or cleaning outside Minnesota should confirm coverage first.

What they do

  • Initial lease-up for new multifamily developments
  • Restabilization of underperforming apartment assets
  • Owner's representative engagements
  • Affordable housing compliance for LIHTC, HOME, Section 8, and Tax Exempt Bond properties
  • Unit turns and interior renovation through Endurance Elite
  • Commercial roofing, siding, and exterior painting
  • Commercial property inspections and rent-ready reports
  • Interior commercial cleaning, Minnesota only

Details

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What stands out

  • Says it has supported more than 15,000 move-ins across 19 states.
  • Reports more than $3 billion of multifamily housing consulted on.
  • Claims lease-ups reach 95% or better occupancy in six to eight months, 3.4 times faster than market average.
  • Projects range from $1.5 million adaptive reuse deals to ground-up developments over $250 million.
  • Construction partner Endurance Elite is insured and bonded and based in Minnesota.