Envy Apartment

WASHINGTON, Nov. 09 /CSRwire/ - Students who live in affordable, subsidized housing will have the opportunity to pursue their dreams of higher education through a scholarship fund that is receiving a donation of $140,000 from Apartment Investment and Management Company (Aimco).   Aimco Senior Vice President Patti Shwayder presented the contribution to Denise Muha, Executive Director of the National Leased Housing Association , for the NLHA Education Fund , which provides tuition assistance through the Aimco Cares Opportunity Scholarship and several other award categories.  The check presentation took place last week during the NLHA Fall Seminar at the Washington, D.C. Marriott.     “We are so proud to be helping the amazing young men and women through the Education Fund and the Aimco Cares Opportunity Scholarship .  These talented students come from diverse backgrounds and circumstances, but all share the same goal of earning a college degree,” said Shwayder.  “Our scholars are...

PHOENIX, AZ - Colliers International in Greater Phoenix completed the sale of the 374- unit Crosswinds Apartment Homes at 868 S. Arizona Ave., in Chandler, Ariz., for $22 million or approximately $58,824 per unit.Cindy Cooke, senior executive vice president ; and Brad Cooke, senior vice president , with Colliers’ Phoenix office, represented the sellers, P.B. Bell of Scottsdale, Ariz.; and Stonecutter Capital Management LLC of New York, N.Y., who originally acquired the asset in 2014.The buyer, who was self-represented, was Emma Capital Investments Inc., of Toronto, Canada, who specializes in the financing, acquisition and operation of multifamily residential complexes , particularly in the Sun Belt states in the U.S. Emma Capital’s portfolio consists of more than $175 million of property and approximately 3,000 units in the metro Phoenix, Atlanta and Charlotte markets. “Crosswinds is in the middle of a high-growth path between downtown Chandler and Chandler Airpark, “said Cindy C...

E&S Ring appoints Erik Alexander as president and Joe Flores as director of maintenance and capital services LOS ANGELES, CA--(Marketwired - Aug 21, 2017) - E&S Ring Management Corporation , a family-run company with properties for rent in California and Washington, has added two key executive appointments to further strengthen its senior management team as it seeks to leverage the company's existing platform to attract new clients and better serve existing clients . Erik Alexander , a 27-year multi- family industry leader , has been appointed as President, while Joe Flores, a well-respected multi-family veteran, has been appointed to Director of Maintenance and Capital Services , to guide the company towards future growth. Alexander comes to E&S Ring Management Corporation from Essex Property Trust , where he served as Senior Vice President . He led operations of over 50,000 apartments throughout California and Washington with more than $1 billion in annual revenu...

House-flipping hit its highest levels last year since before the recession as investors seek to capitalize on rising home prices and a seller’s market with tight inventory. But the process is nothing like what you see on TV, where it looks like a home can be bought, gutted, renovated and resold in less than an hour – not including commercial breaks . The truth is often much messier, real estate professionals in Charlotte said. “It’s a lot easier to lose money in this business than it is to make it,” said Jeff Johnson, owner of NewPath Properties , which specializes in buying and rehabbing distressed properties . Still, that’s not deterring people from giving it a try in Charlotte. First-quarter figures from Attom Data Solutions show flips – defined as the same property selling twice in a 12-month period same year – made up more than 6 percent of sales in the Charlotte region, or 540 sales. House-flipping increased almost 4 percent from a year ago, though it remains well below the cit...

CHARLOTTE, NC - Waterton, a U.S. real estate investor and operator, announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina.Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area , children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive asset in a h...

Slow going for remaining families at Church Street South By Mary O’Leary, moleary@nhregister.com @nhrmoleary on Twitter Published 3:02 pm, Sunday, August 20, 2017 Photo: FILE PHOTO Image 1 of / 4 Caption Close Image 1 of 4 Church Street South Apartments in New Haven, in 2016. Church Street South Apartments in New Haven, in 2016. Photo: FILE PHOTO Image 2 of 4 Church Street South Church Street South Photo: FILE PHOTO Image 3 of 4 Church Street South Church Street South Photo: FILE PHOTO Image 4 of 4 A former laundromat is demolished at the Church Street South Apartments complex in New Haven in 2016. A former laundromat is demolished at the Church Street South Apartments complex in New Haven in 2016. Photo: FILE PHOTO New Haven’s Church Street South quiet , but families remain Back to Gallery NEW HAVEN >> Where once there were 283 families, there are now 16. The deteriorated 48-year-old crumbling Church Street South complex is eerily quiet these days as relocation sp...

CHICAGO--( BUSINESS WIRE )--Waterton, a U.S. real estate investor and operator, today announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina. Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area, children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive ass...

Of all the gleaming high- rise residences anchoring the Streeterville neighborhood, perhaps the new Optima Signature is one of the most artistic. You can't help but notice the striking red glass panels that wrap the lower seven floors of the modern apartment tower or the bright yellow free -form sculpture that stands in the plaza in front of the building. The color bursts are a signature of renowned architect and developer David Hovey of Glencoe. The 57- story Optima Signature at 220 E. Illinois St. is a joint venture between Hovey's firm, Optima Inc., and DeBartolo Development. The two also partnered in 2013 on the sister building next door, Optima Chicago Center . The base of that apartment tower is similarly clad in black glass. "Our focus is on architecture and contributing to the built environment but doing it in a way that resonates with the broader community and our residents," Optima Senior Vice President Mark Segal said. "We didn't design in ...

ONTARIO, CA—A partnership of MG Properties Group and Rockwood Capital has purchased the 736- unit Terracina apartment complex for $95 million. Terracina is at the intersection of Riverside Drive and Archibald Avenue near the I-15 and Highway 60 freeways. Amenities include two large common areas , a fitness center, pools, tennis courts, and scenic waterways. Mortgage financing was provided with two separate fixed-rate loans from Fannie Mae, arranged by Bryan Frazier of Walker & Dunlop. Greg Harris and Kevin Green of Institutional Property Advisors represented the buyer in the transaction, and Ed Rosen and John Chu with Cushman & Wakefield represented the seller. The buyers plan to invest in Terracina’s common areas, grounds, and buildings, providing additional amenities and improving the living experience for residents. Moderate interior renovations will be performed on a portion of units to provide multiple levels of finishes, according to Ju...

Allium Healthcare )" /> The groundbreaking ceremony for Allium Healthcare Holdings’ maiden nursing home project on Venus Drive was held last month. Allium Healthcare is a wholly-owned subsidiary of investment holding company GK Goh Holdings . It was awarded the 30- year leasehold site last December. Allium paid S$24.3 million (RM76.4 million) for the 4,000 sq m site, and intends to build a four-storey, 129-bed facility with a built-up area of 5,600 sq m. The development cost of the project is estimated to be S$40 million to S$45 million. The nursing home is designed to be a premium product in terms of services and facilities, says Bernie Poh, CEO of Allium Healthcare . He says there is demand for this kind of facility among the middle- to upper-income group, especially in the neighbourhood of Venus Drive. “This market segment is quite underserved.” Venus Drive is located just off Upper Thomson Road , an affluent landed housing neighbourhood that includes the Windsor Park G...

It is one of the necessities in life, finding shelter. But who actually enjoys taking the time to search all over town for a perfect place that mandatorily fits into a budget? Anchorage isn't exactly the most expensive city around, but it's certainly not the cheapest. In a search for almost anything these days, most will likely turn to everybody's favorite modern resource , the Internet. Unfortunately, the online listing for Anchorage apartments is slim, and the information available for those apartments is even more feeble. The best and probably most accurate aid in an apartment search is an Apartment Finder catalogue , the small, detailed pamphlets found all over town in stores like the local supermarket and other retailers. The Apartment Finder names a variety of complexes citywide, lists apartments within most everyone's budget, and even provides maps for easy directions. And it can be acquired for every consumer's favorite cost: p...