Banner Real Estate Group is a group of fully integrated real estate operating companies based in Chicago, IL, focusing on the acquisition, management, and development of multifamily properties and the development of self-storage facilities nationwide.
Since its founding in 1989, Banner has acquired and operated 50 multifamily properties and has developed 25 apartment and senior living communities and self-storage facilities, collectively worth approximately $1.7 billion.
Multifamily
Properties Acquired
Gross Square Feet
of Self-Storage Developed
Lifetime
Valuation
"Our family considers Banner to be more than a business; it is a reflection of the family and the values and aspirations of its individual members. Banner strives to perform at the highest level in order to achieve superior returns for our partners and owners. We believe this is best achieved by acting with integrity, appreciating and respecting our employees, building quality relationships, and seeking excellence in all we do."
- Milton Pinsky, Executive Chairman of Banner Real Estate Group
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.
