Regency Apartments

Specialties

Regency Apartments owns, manages, and develops communities in Illinois and Indiana. On-​site management teams in each of our communities are professional and dedicated to serving residents’ needs and to making each apartment a home.

History

Established in 1974.

Regency’s early building blocks were set by David Eades. In a partnership with Roy Lambert, the two acquired Regency Apartments in Charleston, Illinois in 1974. Under the banner of The Regency Companies, by 1982, the two had acquired and were managing 10,000 apartments and had raised over $ 75 million in private equity syndication offerings. Their focus from the beginning was on delivering value — to residents and investors. In 2003, Bob Pratten, the CFO and a 20-​year veteran of the company, succeeded Eades to become the President and CEO. Regency’s structure has continued to evolve. On January 1, 2009, a long-​planned conversion and reorganization took effect that pulled several remaining functions into RCR. With these changes, RCR has evolved into the self-​managed real estate operating company envisioned in 2003. This more contemporary structure makes RCR well-​positioned to respond quickly to future growth opportunities.