3L Real Estate

About 3L Real Estate

3L Real Estate is a real estate operator headquartered in Southlake, TX. 3L Real Estate operates in Chicago, Illinois and Milwaukee, Wisconsin. Its investment focus is on Multifamily - Ground-up, Multifamily - Value-Add and Office-to-Residential.

3L Real Estate is a dynamic U.S.-based real estate development, investment, and management firm founded in 2015. Headquartered in Chicago, the company is led by founder and CEO Joseph W. Slezak, whose extensive professional background encompasses the acquisition, financing, construction oversight, property management, and disposition of more than 100 properties totaling approximately 6,000 residential units across the Midwest. The firm specializes in opportunistic adaptive reuse, focusing on the acquisition of underutilized, legacy office, historic, and alternative non-residential buildings located within amenity-rich, densely populated urban neighborhoods and converting them into vibrant residential apartments. Its growing portfolio spans major metropolitan areas, including Chicago, Milwaukee, Dallas, Fort Worth, and Houston. In terms of scale, 3L currently manages over 1,500 active residential units with an additional 600 units under construction within its adaptive reuse pipeline. The firm's total portfolio encompasses nearly 2 million square feet, backed by close to $100 million in invested equity for property acquisition and transformation, with total project capitalization projected to reach up to $400 million upon full completion.

Principals at 3L Real Estate