REAL ESTATE OPPORTUNITIES EXPAND OUR INITIATIVES
In 2000, the principals of Banner formed Full Circle Communities, LLC, a 501(c)(3), to develop and manage affordable housing. Full Circle earns the developer and management fees on its projects and uses part of such fees and 75% of its properties' cash flow for services for its low-income residents.
Banner expanded from acquiring and managing rental apartment communities to also developing them. The need for a new product was realized and a 75 unit apartment community for seniors was constructed in Waukegan, IL. Banner has since built luxury mid-rise apartments to be managed in-house.
Fast forward to 2013, Banner expanded into the self-storage development space. Banner’s goal is to continue to construct “Class A”, climate controlled self-storage facilities in major metropolitan markets.