Trevor Ryan

Ryan ascended to head Marquette after his father Nick Ryan stepped aside following decades in multifamily real estate with the firm, building it into one of the Chicago area’s largest apartment landlords and a developer in hot neighborhoods such as Fulton Market.

Trevor plays a central role in shaping the firm’s investment and development strategy in Chicago and surrounding suburbs. He joined the Naperville-based firm in the early 2010s after working in construction and real estate finance, and has since become a key figure in Marquette’s shift from property management toward direct ownership and joint-venture investing with the backing of institutional capital.

Marquette has been active across the Chicago area even as capital markets recoiled. In 2025, the firm bought the Orion Arlington Lakes apartment complex for $46 million and cashed out of North Shore apartments, paring exposure in markets where pricing reached new peaks. Ryan has also been involved in navigating suburban acquisitions as institutional capital has grown more cautious about downtown development, a trend that has pushed Marquette’s recent activity toward stabilized Midwest multifamily.

Ryan’s tenure has coincided with a period of recalibration. Like many multifamily operators, Marquette worked through floating-rate debt exposure from 2021 and 2022 vintages, forcing tougher conversations with lenders and a slower development cadence. “We were grateful to be in multifamily rather than office, but we still had some things to work through like everyone else,” Ryan said.