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Highlights
Austin-based RPM Living expanded its Chicago-area portfolio with the $102 million acquisition of the 294-unit Orland Ridge build-to-rent community in Orland Park.
Orland Ridge, which was completed in 2021, currently maintains a 92 percent occupancy rate and commands an average rent of $2,873 per month.
The deal is one of the first major suburban rental transactions recorded in 2026 and comes as the Chicago suburban rental market shows steady growth, with median net rents reaching $2.15 per square foot by the end of 2025.