One of Hyde Park’s biggest landlords is playing hardball with tenant organizers

Mac Properties, the property management arm of Antheus Capital, won’t negotiate with tenant organizers who have called for rent strike

Chicago /
Apr.April 06, 2020 04:00 PM
Mac Properties’ office (Credit: Google Maps)

Mac Properties’ office (Credit: Google Maps)

One of Hyde Park’s largest landlords isn’t backing down from a tenant group that’s pursuing a rent strike.

Mac Properties, which manages about 5,000 units across 100 properties in the city, is likely to be short a significant amount of rent today, the first day rent checks are considered late. According to Block Club, the two sides couldn’t agree to a deal on rent payments.

To bolster public support, Mac Tenants United organized a protest on Sunday calling for a rent strike and issued a demand letter to the firm, which is the property management arm of New Jersey-based Antheus Capital.

A spokesperson for Mac, Peter Cassel, refused to say if rent forgiveness would be granted on a case-by-case basis, according to Block Club. But he did say he believes there will be instances of people paying less rent.

Last week, Mac sent a letter to tenants to continue making rent payments, asking them to “keep in mind” that 250 employees have families to feed, rent payments and elder and child-care responsibilities. The tenants group said it disputed the premise that Mac couldn’t pay its “low-wage workers” without its April rent. “We refused to be pitted against them,” organizer Zak Witus said.

Antheus, founded in 2002 by Eli Ungar and David Gefsky, is among the biggest landlords in Hyde Park, with 14 multifamily buildings under Mac’s management. Antehus also owns buildings in Kansas City and St. Louis, according to its website.

Although evictions can’t be carried out during the pandemic, city and state officials have not instituted a rent freeze. Any change in rent obligations would have to be negotiated between tenants and landlords. [Block Club] — James Kleimann

 

Related Articles

arrow_forward_ios
(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
Covid eviction cases would be sealed under state bill
Covid eviction cases would be sealed under state bill
Lincolnwood Town Center in Lincolnwood and Washington Prime Group CEO Louis Conforti (Google Maps, Twitter)
Lincolnwood Town Center’s $47M loan in default again
Lincolnwood Town Center’s $47M loan in default again
Cook County Board President Toni Preckwinkle (Getty, iStock)
Suburban renters, landlords get a shot in the arm. (No, not vaccine)
Suburban renters, landlords get a shot in the arm. (No, not vaccine)
(iStock)
Chicago mortgage refis soared in 2020
Chicago mortgage refis soared in 2020
Hotel Felix and Holiday Inn Express Chicago - Magnificent Mile. (Hotel Felix, Hotel Cass)
Two more Chicago hotels face foreclosure
Two more Chicago hotels face foreclosure
(iStock, Wikipedia Commons/Illustration by Alexis Manrodt for The Real Deal)
Chicago’s agent count jumps as home sales rise
Chicago’s agent count jumps as home sales rise
Akara Partners CEO Rajen Shastri, top right; Hersha Hospitality CEO Naveen Kakarla; and Home2 Suites on Huron Street. (Akara, Hersha, Hilton)
Akara Partners gets new investor for struggling extended-stay hotel
Akara Partners gets new investor for struggling extended-stay hotel
Gap CEO Sonya Syngal, Brookfield Property Partners CEO Brian Kingston and Water Tower Place (Getty; Google Maps)
Gap will exit Brookfield’s Water Tower Place, joining Macy’s
Gap will exit Brookfield’s Water Tower Place, joining Macy’s
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...