CHICAGO, IL - RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has announced its 42 Hundred on the Lake community won a 2024 TOBY Award for Property Excellence from the Apartment Owners and Managers Association (AOMA) of Wisconsin at an event held last month at the Wisconsin Club in Milwaukee.
The 236-unit luxury rental community opened in 2021 and is located in St. Francis, Wis., about 5 miles south of Milwaukee, on a bluff overlooking Lake Michigan. The property was co-developed by M&R Development and Campbell Capital Group.
The TOBY Awards, which stands for The Outstanding Building of the Year, is an awards program presented annually by the AOMA of Wisconsin to recognize outstanding area apartment developments and personnel. 42 Hundred on the Lake won in the Property Excellence category for rental communities over 150 units. Upon opening, it was the fastest-leasing property in RMK history. Today, the community is 93% leased.
“When 42 Hundred opened, it really took rental living to a new level in the area due to its exceptional design, stylish unit finishes, great resort-style amenities and superb lakefront location, as well as the intangibles like our creative and popular resident events, involvement in the local community, award-winning customer service and preventive maintenance programs,” said Anthony Rossi Jr., president of RMK Management Corp. “We’re honored to accept this award and proud that 42 Hundred continues to be recognized by important local organizations like AOMA of Wisconsin. This award shows why owners put their trust in RMK to continue to consistently provide excellence in leasing and management after a new development opens.”
Perched along Lake Michigan, 42 Hundred on the Lake provides residents with unsurpassed views and recreational options. Apartments measure 583 to 1,204 square feet with one to two bedrooms and one to two baths; select units also include a patio or balcony. Rents currently range from $1,495 to $3,350.
Residences showcase the latest in luxe apartment living with quartz kitchen countertops; white cultured marble bathroom vanities; modern frameless cabinets; Grohe plumbing fixtures; a Samsung stainless steel appliance suite, including a French door refrigerator; full-size washers and dryers; 9-foot ceilings; and walk-in wardrobes, per plan.
A host of resort-style on-site amenities include a two-story clubhouse complete with an entertainment kitchen with large dining table; 24-hour complimentary coffee bar; private lounge; business center with private conference rooms; and a game room. The community’s 24-hour, state-of-the-art fitness center offers Life Fitness™ cardio and weight equipment as well as a Wellbeats™ studio with on-demand fitness programs. Residents also have access to two courtyards, one of which is outfitted with bocce and bean bag courts, multiple grilling stations, fire pits and several lounge areas overlooking Lake Michigan. The second courtyard centers around the property’s infinity edge pool, which is surrounded by sun shelves and cabanas.
Additional community amenities include a pet spa with washing station, grooming table and dryer; complimentary bike sharing station; personal bike storage and repair area; package room with 24-hour access; storage lockers; underground, heated parking; and access to the 125-mile Oak Leaf Trail that runs alongside Lake Michigan and throughout Milwaukee County.
“In addition to all the great on-site amenity spaces at 42 Hundred, our property management team also provides an active lineup of resident events and activities, from holiday gatherings to events for families and pets,” said Rossi. “Based on feedback from residents, our team is also constantly looking for ways in which they can also give back to the community at large. For example, we recently held a food collection for the local Hunger Task Force food bank, and we gather donations each year for the National Night Out police community-building event.”
TOBY-nominated properties were judged on factors such as financial performance, physical appearance and condition, quality of services and amenities offered to residents, marketing programs, on-site associate qualifications, preventative maintenance, community outreach and product presentation. Judges also considered resident and associate relations, including the property’s resident retention program, community outreach or social functions and any training or recognition opportunities provided to the property staff.
Rossi noted that the 2024 TOBY is not the only award bestowed to 42 Hundred on the Lake. The property and RMK team also won the top award from Satisfacts, a tool for resident surveys and feedback, as well as property manager of the year in the Multi-Housing News 2022 Excellence Awards.
About RMK Management: A leading Midwest property management firm, RMK Management Corp. manages more than 8,478 apartment homes across 38 properties in Illinois, Indiana, Minnesota and Wisconsin. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments, affordable housing and build-to-rent (BTR) townhomes. RMK also develops, builds and renovates communities.