Atrium Apartments

Urbana, IL

Atrium Apartments

Green Street Realty took over the management of the Atrium Apartments in February of 2009. At the time, the 240 bed complex was 45% occupied and with very few leases signed for the upcoming school year. By the start of the academic year in August, we had occupancy to 100%. We have maintained near 100% levels in 2010, 2011 and the 2012 school year. The increase in rental income helped the property appraise for $2.5 million more than purchase price in 2011.