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Waterton Purchases 426-Unit Addison Park Apartment Community in Charlotte, North Carolina

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...

Waterton Purchases 426-Unit Addison Park Apartments in Charlotte, NC

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...

A Flurry of Development Hits Westchester

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But the city, which shares a border with the Bronx, has an enviable location, said Sam Mermelstein, a founding member of Enclave Equities, a development firm active there. About 30 minutes from Grand Central Terminal by way of the Metro- North commuter railroad , Mount Vernon is closer to Midtown Manhattan than many Brooklyn neighborhoods. Enclave is at work on a five-building, 179- unit residential rental project on former industrial property near the Fleetwood station that will offer Manhattan-style extras like rooftop terraces and gyms. And, in a break with recent nearby projects , the $ 48 million development , set to open next year, will offer all market-rate units. The rents for its one-bedrooms will be about $1,700 a month, which is less than half of what new- construction units cost in Lower Manhattan, according to online ads. “It makes no sense that this area is not booming,” Mr. Mermelstein said. One complaint from Mr. Mermelstein and others is that Mount Vernon’s retail...

Owners of Ann Arbor's Hidden Valley Club apartments seek to avoid foreclosure on $18 million CMBS debt

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Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

Flipping Niagara Falls | WGRZ.com

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Share This Story Property Deals Prompt Questions About AZ Firm Rodney Ernhart of Bigfork, Montana has had enough. “We’re done. We just want to wash our hands of the whole situation and just walk away. Take our licks. Learn from our mistakes and go on.” As mistakes go, Ernhart’s was an expensive one, costing him roughly $60,000. “It’s my own stupid fault.” In the spring of 2016 at a real estate conference in Las Vegas, Ernhart and his wife were approached about an opportunity in Niagara Falls, New York. The pitch came from a representative of Return On Rentals. The Arizona-based company says on its website that it “( helps) its clients create long -term wealth, using turnkey, residential rental property as the vehicle. We provide rehabbed, rented, professionally managed, cash flowing real estate for investors. ” Available for sale was a four- unit apartment building in Niagara Falls. Price tag was $100,250.  Ernhart was being asked to purchase, on the spot, without ever seeing the p...

GUEST COMMENTARY: ‘Be fair’ regarding short-term rentals

Balancing the needs of the residents who live here and the tourists who come to visit requires political will and leadership. After years of discussions and failed proposals, it’s time for clarity on an issue central to San Diego’s housing and tourism markets — short- term vacation rentals . Through a March 15, 2017 memo, City Attorney Mara Elliott opined that short-term rentals are illegal under the current City zoning laws . The City is now awaiting regulatory guidance from the City Council before taking any action to enforce the City Attorney ’s memo. My proposed regulatory framework respects the rights of property owners, upholds current zoning laws and creates a workable compromise. I will present a draft ordinance for community review at a public Town Hall meeting 6 -7:30 p.m. on Wednesday, Aug. 30, at the La Jolla Community Center . My proposal protects the rights of homeowners who wish to participate in home sharing by renting out a room in their home to help make ends me...

AMCAL to Build 112 Affordable Housing Units in L.A.

AGOURA, CA - AMCAL Multi-Housing, one of California's leading builders of workforce and affordable housing , has just announced plans for two new, apartment developments in Los Angeles stemming from the recent funding from California Tax Credit Allocation Committee (TCAC). TCAC funding will be used by AMCAL to finance the Argyle Apartments, a 40-unit development in Hollywood, and the Terracina Apartments, a 72-unit development in South LA. Construction on both is set to begin this Fall. "Our success in receiving these awards is a result of our ability to develop adequate soft funding , which made our applications competitive and demonstrated a readiness to proceed with the development," said Percival Vaz, chief executive officer of AMCAL. "We have also been able to secure equity investors and permanent lenders enabling us to move forward, whereas with the economy still struggling other developers without strong backgrounds and investor relationships have ha...

• Willow Ridge Apartments • Prattville • Alabama •

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Willow Ridge Apartments in Prescott, AZ Willow Ridge Apartments 1205 Sandretto Drive, Suite D#101 Prescott, AZ 86305 Tel. ..... 928-445-6646 Fax ..... 928-445-7925 E-mail ..... willowridgeapts@gmail.com  Willow Ridge Apartments - Charlotte Apartments For Rent ... Willow Ridge Apartments in Charlotte, NC 28210 | Charlotte Apartments For Rent - Official Willow Ridge Apartments prices and pics. Find current floorplans and ...  Willow Ridge Apartments Willow Ridge Apartments feature all 2 bedroom, 2 full bath apartment homes that are Total Electric and include full size washer/dryer hookups, ceiling fans,  Willow Ridge Apartments , Meridian MS 39301 Willow Ridge Apartments does not have any reviews. ... Be the first to write a review about Willow Ridge Apartments .  Willow Ridge Apartments in Hershey | Willow Ridge Apartments (717 ... Jul 27, 2011 · Find Willow Ridge Apartments in Hershey with Address, Phone number from Yahoo! US Local. Includes Willow Ridge Apartmen...

Apartment vs Condo Explained

When looking for a new place to live, you might see both condos and apartments and wonder “What’s the difference between apartment and condo living?” You’re thinking about all the same things no matter which place you’re previewing: price, square footage, amenities, types of flooring, pet rules . . . as long as you have what you need, why does it matter what type of unit you rent?  Well, it does. Knowing the difference between a condo and an apartment is important: it affects how your community, and home operate from day-to-day. Ownership: Apartment vs Condo Apartments Apartment complexes usually have one owner. This means that all the leases and rules are uniform as well. This can be a good thing when it comes to neighborly disputes, since you all have to apply by the same rules. The property manager can act on, and fix the problem, they have the authority to do so. Condos Each condo typically has one owner. The complex does not own all the units. This can be really nice, because it c...

Renting Apartments Vs Condos | Downsizing Differences

In truth, there is no real physical difference between what defines an apartment and what defines a condominium . They typically offer the same range of amenities, but the ownership of the property is where the real difference exists . Apartment units contained within a single complex are generally owned by the corporation or business that built the complex in the first place. Those individual units are then leased by an overarching management system that controls all the units. Condos, however, are owned much differently. Each unit in a condo complex is owned by an individual, and a homeowners association typically handles property management . That means most condos are rented from the owner of the condo itself, and not an overarching owning entity like with apartments. There are still some differences in the rental experience that one should expect, which are outlined below. Financial Costs In terms of month-to- month rental fees , condos and apartments are usually priced sim...

201 W Remington Cir, Schaumburg, IL 60195

Do you want to find out more about Remington Place Apartments in Schaumburg, IL? Get all the right facts about Remington Place Apartments for rent on realtor.com®. The apartment for rent at Remington Place Apartments is located at 201 W Remington Cir, Schaumburg, IL 60195. The median rental price for Remington Place Apartments is $1,215 - $1,890. The median rental price for Schaumburg, IL is $1,525. Some popular neighborhoods in Schaumburg, IL are Moon Lake Village , Huntington Club Townhome and Condominiums South, Casey Farms, and Highpoint. There are similar and nearby apartments for rent at Versailles on the Lakes Schaumburg, Plum Grove, Legend Park Apartments , Woodbury Place, and The Reserve at Hoffman Estates. See floor plans for 201 W Remington Cir, Schaumburg, IL 60195 apartments today right here on realtor.com®. Check out community and unit features, property details and school info straight from the listing and learn all there is to know about apartments at 201 W Rem...

New apartment complexes coming to Lombard area

Developers could break ground on at least three multifamily housing complexes this year in and around Lombard, village officials say. Bill Heniff, director of community development, said numerous apartment ideas have been brought to the village in recent months -- including the possibility of a 120-unit building being constructed on the site of the old DuPage Theatre -- but only three have completed, or are close to completing, the entitlement process. If those three projects are built, Lombard will be home to 547 new rental units and 100 new townhouse units. A market analysis of the village recently completed by Tracy Cross & Associates shows significant demand for more apartments in the Lombard area. Some factors driving that demand include an increasing number of young professionals who relocate to the area for a year or two at the start of their career. They need somewhere to live that is close to work but don't necessarily wa...

Five big projects in Tampa; five big problems looming

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The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...