Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want.
Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https://www.linkedin.com/in/jessicafiur/.
Electra America Expands in Tampa
The company acquired Avery Place, a 264-unit community that will be rebranded as The Avana and will receive capital improvements worth $2.5 million.
Lantower Snags Orlando Community
The Oasis at Grande Pines includes 282 units that feature “smart home” systems. Communal amenities include a fitness center, a yoga room and a lake with LED-lit fountains.
Taurus Nabs NC Apartments for $54M
The company plans to renovate the 302-unit Brook Arbor Apartments, located in Cary. Additionally, it intends to work with The Dolben Co. to incorporate select sustainability upgrades and a renewable energy system.
CA Senior Living Acquires TX Senior Housing Portfolio
The three properties include the 107-unit Village Assisted Living and Memory Care in Denton; the 92-unit Village at Mapleshade in Plano; and the 107-unit Village at Stonebridge in McKinney. The properties opened in 2016, 2015 and 2014, respectively.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.
AL Apartments Command $21M
Hamilton Point investments has acquired the 240-unit Woodside in Mobile. Cushman & Wakefield represented the seller, Equity Research Partners.
Please Don’t Go: How to Retain Long-Term Renters
Attracting a new customer is five times more expensive than retaining an existing one. This underlines the importance of delivering a five-star experience that leads to a stronger community and connects with residents on a new level.
Fourmidable Secures Management Deals for Ohio Communities
The company will run several Section 8, tax credit and public housing communities throughout the state. The properties total 395 units.
Winds of Change Buffet Chicago Multifamily
At the Lincoln Park Builders of Chicago Real Estate Forum, panelists shared insights on what’s next for the city’s development market.
From Mall to Mixed-Use
Encore Capital Management has started construction on Plantation Walk in Plantation, Fla. Formerly Plantation Fashion Mall, the project is one of the largest currently planned in Broward County.