ABOUT
Stocking Urban is known to build projects with a keen eye on design and finishes, setting the product apart from its competition.
Stocking Urban teams up with strategic capital partners to invest in value-add and new construction multifamily and mixed-use projects located in high growth neighborhoods of Chicago.
Our investment thesis is simple. We are facing a generational housing shortage, especially with rental housing. Home buying affordability is at its lowest level in 30+ years. Short supply and higher borrowing costs have created a crowded rental pool, pointing to sustained rent growth over a long period of time.
Chicago ranks #9 in rent growth over the last 3 years, clocking in at 24%, surpassing most coastal growth cities. Typical yields are 200-300 basis points higher in Chicago due to less competition for new projects.
Stocking Urban’s strategic advantage is its keen knowledge of architecture and interior design. We pay extra attention to design details in our projects which sets them apart from our competition. This results in rents which outperform our own projections by 10-30% and beat comparative market rents by 5-25%
Our total deployment goal is $50M over 24 months, with up to $15M of total equity required. Capital is deployed on a project-by-project basis.
PROJECT FOCUS:
Value-Add Residential, 12+ Units: $5M+
New Construction Residential, 20+ Units: $10M +
Distressed Loft Buildings/ Creative Office: $5M +
NEIGHBORHOOD FOCUS:
Uptown
Avondale
Logan Square
West Town
Humboldt Park
Kinzie Corridor
“The goal is to balance financial performance with great design, community needs, and sustainable practices. Everyone wins."
- Nicholas Stocking, founder and CEO
Meet The Team
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Nicholas Stocking
FOUNDER
Nick brings 25+ years of design and development experience to Stocking Urban, with a focus on acquisitions, design, and development.
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Drew Dillon
PARTNER
Drew is an accomplished real estate professional with over 12 years of extensive experience in both commercial brokerage and development.
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Rene Hertsberg
KEY INVESTOR
Rene brings over 12 years of real estate experience. His focus at Stocking Urban is on capital markets and scaling the organization.
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Dan Korybalski
KEY INVESTOR
Daniel Korybalski is a private equity/venture capital investment professional with over 10 years of experience executing direct and fund-of-funds buyout, growth equity and venture capital.