Services will focus on Chicago area real estate spanning the asset classes of single- and multi-family residential, single- and multi-tenant retail properties, condo conversions and new construction developments, and land.

"We have been communicating with a number of institutions with real estate investments in Chicago about providing assistance in stabilizing, valuing and marketing distressed and foreclosed real estate," says Thaddeus Wong, @properties co-founder. "We feel it makes sense to structure these services under a formal group. @properties Institutional Services Group will leverage the substantial marketing resources, tech infrastructure and sales force that already exist within @properties to serve institutional clients more efficiently and effectively."

The new division will also secure listings and orchestrate activities with agents that market and sell real estate foreclosures and distressed properties.