Overview

FLATS is a property management and development platform that specializes in renovating historic Chicago buildings into amenity-rich residential properties, expanding under the ProperPMC umbrella to other cities. Its approach centers on adaptive reuse: converting old structures into modern apartments while keeping original architectural charm. Lobbies are opened as public spaces with coffee shops, bars, and restaurants, creating neighborhood hubs. Residents access curated amenities such as rooftop lounges, gyms with restored pools and boxing rings, and co-working areas. Revenue comes from renting residential units across studio to two-bedroom layouts. The company differentiates itself by blending hospitality-style amenities with community-focused, lifestyle-driven living, often partnering with local businesses, artists, and fitness professionals to host events. FLATS aims to offer approachable, high-quality living that preserves history while fostering neighborhood engagement.