Arthur R. van der Vant

Experience

Managing real properties since 1988
Obtained equivalency of PhD in commercial and investment real estate in 2000
Obtained equivalency of PhD in asset liquidation in 2010
Serving as the Illinois Receiver since 2010

My real estate journey

Arthur is a creative thinker with the vision and ability to work and thrive in a fast-paced environment. Able to manage multiple competing, complex projects and stay on track. A self-disciplined hard worker with a proven ability to meet and exceed short and long term goals. Arthur brings sophistication and a wealth of experience in property management, leasing, commercial real estate, law, finance, title insurance, and construction.

1985 - Started helping his father with property management

Arthur became involved in property management by helping his father who was a landlord and a property manager. Arthur's first job was mowing lawns and doing janitorial work.

1986 - Started as a salesman for a real estate development company

In addition to helping his father, Arthur began working as a salesman for a real estate development company in Chicago. A real estate license was not required because Arthur only helped manage properties owned by his father and sold (by owner) properties owned by the real estate development company (1986-1988).

1987 - Became a Marketing Manager with a team of a dozen salespeople

Arthur became Marketing Manager for the real estate development company, managing a team of 12 salespeople.

1988 - Purchased his first property

With his father's help, in April, Arthur became a landlord and a property manager himself when he purchased a 4 unit apartment building at Fullerton Ave & Central Ave in Chicago, IL 60639.

1988 - Obtained Illinois Real Estate Salesperson's License

In August, Arthur obtained his real estate salesperson (agent) license number 476.303421, and decided to dedicate his career to real estate.

1989 - Started a real estate investment company

In November, Arthur formed a real estate investment company and started buying properties in foreclosure. The first office was located on Cumberland Ave, in Chicago, IL 60656, just South of I-90.

1989 - Started a construction company

Arthur started a construction company in Chicago, IL.

1990 - Purchased a union construction company

Arthur purchased 49% of the stock and became Vice President of a union construction company in River Grove, IL. After increasing sales by approximately 300% by having subcontractors work with the company's crews, he sold his interest to other shareholders in 1991. Operated as a general contractor.

1992 - Obtained Illinois Real Estate Broker's License

Arthur became a Licensed Real Estate Broker, license number 475.095815.

1992 - Opened his own real estate brokerage company

Arthur opened his own real estate brokerage company with the first office located at Milwaukee Ave and Elston Ave in Chicago, IL 60646. His took this company from 6 to over 40 sales associates strong.

1998 - Started a title insurance company

Arthur started a title insurance agency underwritten by the Commonwealth Land Title Insurance Company and United General Title Insurance Company. He performed title examinations, supervised all aspects of title agency’s operations, and provided remote closing services to Illinois real estate attorneys (1998-2004).

2000 - Became a Certified Commercial Investment Member of the CCIM Institute

Arthur obtained the CCIM certification. The CCIM designation is earned upon completion of a graduate-level curriculum and attainment of a high level of qualifying experience. CCIMs are recognized experts in commercial and investment real estate throughout the world.

2000 - Purchased an office building in Niles, IL

Arthur moved his real estate company to newly purchased office building at Milwaukee Ave & Oakton St in Niles, IL 60714.

2000 - Served as a director and board member of the Illinois CCIM Chapter

Arthur served as Member of the Board of Directors of the Illinois CCIM Chapter (2000-2008).

2002 - Organizing a secondary mortgage market in Poland

Arthur participated in organizing a secondary mortgage market in Poland as a consultant to and a liaison between Polish Development of Housing and Fannie Mae (2002-2004)

2002 - Served as a director and board member of the Chicago Association of Realtors

Arthur served on the Board of Directors of the Chicago Association of Realtors (CAR), (2002-2004).

2003 - Completed training at The World Bank Headquarters in Washington, DC

Arthur completed courses at The World Bank Headquarters in Washington, DC. on the subject of Housing Finance in Emerging Markets – Policy and Regulatory Challenges.

2003 - Graduated from the Jay W. Levine Leadership Development Academy

Arthur graduated from the Jay W. Levine Leadership Development Academy.

2003 - Became the Treasurer of the Illinois CCIM Chapter

Arthur became the Treasurer of the Illinois CCIM Chapter.

2004 - Became a Licensed Real Estate Continuing-Education Instructor

Arthur became a Licensed Real Estate Continuing-Education Instructor, license number 563.001638 (2004-2010).

2004 - Became the Vice President of the Illinois CCIM Chapter

Arthur became the Vice President of the Illinois CCIM Chapter.

2005 - Became a Licensed Mortgage Loan Originator

Arthur expended his real estate practice to mortgage loan origination and became a Licensed Mortgage Loan Originator, license number 563.001638 (2005-2009).

2005 - Purchased a mortgage company

Arthur purchased 49% of shares in a mortgage banking company in Lincolnwood, IL 60712. He was involved in all aspects of loan origination and underwriting. In 2007, after the company grew, he sold his stock back to existing shareholders for a profit.

2005 - Opened a real estate school

Arthur opened a real estate licensing and continuing education school at Milwaukee Ave and Oakton St. in Niles, IL 60714 (2005-2010).

2005 - Became the President of the Illinois CCIM Chapter

Arthur became the President of the Illinois CCIM Chapter.

2006 - Became a Licensed Real Estate Pre-License Instructor

Arthur became a Licensed Real Estate Pre-License Instructor, license number 512.002708 (2006-2011).

2007 - Conducted condominium development in Lincoln Park, Chicago

As a developer and general contractor, Arthur led a successful condominium development in Lincoln Park, Chicago.

2008 - Obtained PRI, CNE, CIPS, CRB, CRS, GRI, ABR, RECS, SRES, and ePRO designations and certifications

In addition to the CCIM, Arthur obtained various real estate industry designations and certifications: PRI, CNE, CIPS, CRB, CRS, GRI, ABR, RECS, SRES, and ePRO.

2008 - Grew the real estate brokerage company from 6 to 612 sales associates

Arthur grew the real estate brokerage company from 6 to 612 salespeople with $1 billion in annual sales. Developed an Enterprise CRM & Transaction Management System to manage real estate transaction online using Internet technologies. Closed an average of 200 real estate transactions per month.

2008 - Became Illinois Licensed Auctioneer

Arthur became Licensed Auctioneer, license number 441.001464 (2008-2012).

2010 - Closed the real estate brokerage company

Due to the Great Recession 2008-2010, real estate sales plummeting by 95%, and mortgage financing was no longer available. Arthur closed the real estate brokerage company.

2010 - Became a Certified Auctioneers Institute Member

Arthur earned the prestigious Certified Auctioneers Institute Member (CAI) designation from the National Auctioneers Association Education Institute, by successfully completing a three-year graduate-level curriculum.

2010 - Became an Accredited Auctioneer of Real Estate

Arthur was confirmed by the National Auctioneers Association as an Accredited Auctioneer of Real Estate (AARE).

2010 - Became the Illinois Receiver

Arthur became the Illinois Receiver managing non-residential properties in foreclosure under court's jurisdiction. Appointed pursuant to the Illinois Code of Civil Procedure 735 ILCS 5/15-1704.

2010 - Performed property management for Illinois courts

Arthur managed multiple assets in different categories, approximately 1.5 Million Square Feet. Collaborated with staff and guided optimal leasing strategies with internal and third-party leasing brokers. Managed day-today operations, maintenance, and leasing. Conducted site visits to properties to examine conditions, to meet with tenants, and to gain a deeper understanding of the portfolio. Responsible for TI and BI project management, tracking tenant allowance and overages billing. Performed annual budgeting process and quarterly reforecasting for all facilities. Negotiated lease agreements, reviewed financial statements including balance sheets, income statements, statements of cash flows, and variance reports per property and consolidated variance explanations review. Executed leases, conducted lease abstracts preparation and review to ensure that all property and tenant information has been up to date and correct through lease interpretation and cross-referenced against other property information. Ensured reports, documents and financial information was forwarded to appropriate parties and maintained applicable documentation for internal control purposes. Reviewed monthly, quarterly, and annual recoverable charges reconciliation. Reviewed monthly CAM accruals, budgeted CAM estimate, and annual CAM settlements. Analyzed building improvements and tenant improvement contracts, pricing methods, bidding process and vendor selection. Procured central contracts for services i.e. evictions, utilities, landscaping, HVAC, etc. (2010-present).

2012 - Became an Associate Member of the Chicago Bar Association

Arthur became an Associate Member of the Chicago Bar Association (CBA).

2012 - Became a member of the American Bankruptcy Institute

Arthur became a member of the American Bankruptcy Institute (ABI).

2012 - Became a member of the National Association of Bankruptcy Trustees

Arthur became a member of the National Association of Bankruptcy Trustees (NABT).

2012 - Became a member of the Turnaround Management Association

Arthur became a member of the Turnaround Management Association (TMA).

2012 - Became a member of the International Association of Restructuring, Insolvency & Bankruptcy Professionals

Arthur became a member of the International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL).

2012 - Was appointed a receiver by the FDIC in the U.S. District Court for the Northern District of Illinois

Arthur managed a failed townhome development after being appointed on a motion of the FDIC as a receiver in the United States District Court for the Northern District of Illinois.

2014 - Started Licensed Private Alarm Contractor Agency

Arthur expended the construction and building maintenance side to include security systems, cameras (CCTV), and access control. Securing properties and protecting assets is an integral part of property management.

2019 - Started Licensed Private Detective Agency

Arthur expended rental application screening to include nationwide background checks performed in civil and criminal courts across all 50 states, in addition to standard credit reports with a credit score, residency verification, and employment verification.

2022 - Offered HOA Association Management

Arthur expended property management services to include HOA Association Management. Illinois Community Association Manager License number 261.003103. Relative to how many property management companies there are in Illinois, only a handful of them are licensed to manage HOAs. In addition to the regular real estate brokerage license, to manage HOA’s a separate Community Association Manager License is required.

2024 - Continues to provide property management for clients across Cook County, IL and to serve as the Illinois Receiver

"Anything worth doing, is worth doing right" TM - Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into results.”
"The owner of Three Pentacles is an outstanding property manager across the board. He has the technical understanding and experience with repairs to hire out for routine and major work in a methodical and cost-effective way, and he will go above and beyond to address emergency situations like the flooding of a basement apartment. By doing so, he not only serves the best interests of property owners but their tenants as well. Most impressive of all, he is extremely knowledgeable about everything related to leasing apartments, from obtaining a through background check of prospective tenants, to making sure leases comply with any local regulations, and taking the proper steps to evict a tenant when necessary. I would highly recommend Three Pentacles."
Jeff_Flicker
Jeff F.
"Art with Three Pentacles is easily one of the most knowledgeable property managers in Chicagoland. When I was looking for a new management company, I called a good 10 places. during the time I had a tenant I was in the middle of evicting. Without pitching me, Art asked thoughtful questions to learn more about the situation. He clearly has immense knowledge of the eviction process and housing court system. After our call, I engaged his services and he's been prompt and supportive ever since. He has been navigating my difficult tenant situation with grace, using strategies that never crossed my mind. I feel secure knowing Art has my best interests forward, and is clearly able to manage my property within state and county compliance. He's worth every penny, and if you're looking for a property manager, he's your guy."
Aaron_Spiro
Aaron
"I have NEVER been given, or seen, this level of support and attentiveness before from any broker. Arthur is super knowledgeable, attentive, and GENEROUS with his vast Real Estate experience and knowledge. He’s also a nice guy, and very easy to work with."
Kevin 450x600
Kevin S.
“Arthur first brings an extremely high level of integrity. Clearly, he is intelligent and creative, but none of that matters without integrity. Secondly, as a broker, Arthur learns each subject area he chooses for study thoroughly and deeply. Whether he is discussing RESPA, computers, or sales, it is clear that Arthur knows his areas of expertise well.”
127738
Mike E.

Contact

1 (312) 607-4646
info@3pentacles.com