A Division of Woodland Rental Properties, L.L.C., Expands Portfolio with Acquisition of 22 Newly Built Apartments Near Downtown Marion

Marion, IL — February 7th, 2025 – A division of Woodland Rental Properties, LLC, managed by Heartland Realty & Rentals, Inc., represented by Roman Basi, President and Managing Broker, and Jason Powell, Broker, is pleased to announce the acquisition of 22 newly built apartments located near downtown Marion. The multi-million-dollar transaction, which is part of a larger strategic investment, marking a significant milestone in the company’s ongoing commitment to providing modern, high-quality living spaces to the Marion community.

Jason Powell, Broker and Property Manager at Heartland Realty & Rentals, expressed his enthusiasm for the expansion, saying, “I can’t wait to offer these new apartments to the people of Marion. It’s exciting to be part of a project that will help support the continued growth of our city while providing a safe, affordable, and comfortable place for residents to call home. We’re proud to contribute to the community in such a meaningful way.”

These newly acquired apartments are situated in a prime location, offering residents easy access to the vibrant downtown district, local shops, dining, and key amenities. Designed with contemporary features and thoughtfully laid out, these units are expected to meet the growing demand for upscale living in the area.

“We are thrilled to add this property to our portfolio,” said Roman Basi. “Marion has seen significant growth in recent years, and we’re excited to play a role in the continued development of the downtown area. Our goal is to provide residents with a comfortable, convenient, and stylish living experience, and these new apartments will help us achieve that vision.”

"This transaction is a prime example of how strategic tax planning and structured acquisitions can drive long-term financial success. Our firm takes pride in facilitating complex real estate transactions like this Reverse 1031 Exchange," said Ali Zeigler Schramm, Attorney at Basi, Basi & Associates. "We are honored to represent Woodland Rental Properties in this important expansion and look forward to supporting their continued growth." 

The new apartments will be available for leasing as they come online. Interested parties are encouraged to contact Heartland Realty & Rentals for more information or to schedule a tour.

About Woodland Rental Properties, LLC

Woodland Rental Properties, LLC, managed by Heartland Realty & Rentals, Inc., is a real estate investment and property management firm focused on providing modern rental housing in Marion and the surrounding communities. The companies are committed to delivering high-quality living spaces to residents while maintaining a focus on tenant satisfaction and community growth.

About Heartland Realty & Rentals

Heartland Realty & Rentals is a premier property management and real estate company specializing in high-quality housing solutions, including commercial office space and vacation rentals throughout Marion and Williamson County. With a focus on customer service and community development, Heartland Realty & Rentals offers a wide range of rental properties, including single-family homes, multi-unit apartments, commercial spaces, lake vacation rentals and beach front condominiums. The company is dedicated to providing residents with an exceptional living experience while contributing to the ongoing development of the Marion community and the broader Williamson County area.



About Basi, Basi & Associates

Basi, Basi & Associates is a nationally recognized, full-service law firm based in Southern Illinois. The firm focuses on complex transactions, including mergers and acquisitions, real estate, estate and tax planning, corporate structuring, and all components of business. With a deep commitment to providing strategic legal solutions, Basi, Basi & Associates assists clients in navigating sophisticated legal landscapes to optimize long-term success.