Business Specialties
Why So Serious?
Living in an apartment community is no laughing matter. Or is it? This month, in honor of April Fool’s Day, we paired up with Kingsley Associates to find out what residents joke about.
Friedman Sells 58-Unit Detroit Community
9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.
Historic Manhattan Apartments to Get New Life
HFZ, along with Robert A.M. Stern Architects, are converting the property, which was designated a New York City landmark in 1966, was added to the National Register of Historic Places in 1980.
On the Market: 5 Interesting Listings for the Week of 4/3
This week’s assets include two student housing properties: a 528-bed community with a pool located less than half a mile from Georgia Southern University and a sleek 2017-built property near the University of Texas in Austin.
SALT Luxury Residences Open in Tempe
SALT, Tempe’s first luxury residential community opened in February 2017. The class A apartment building was developed by OlliverMcMillan in partnership with Ascentris.
REIT Nabs $57M NC Community
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
Bozzuto Exec on Ways to Achieve Innovative Corporate Culture
Stephanie Williams, president of Bozzuto Management Group and co-founder of the Bozzuto Diversity and Inclusion program, discusses why diversity at every level of a company can strengthen relationships with residents.
IW25 In-Wall Dehumidifier
Innovative Dehumidifier Systems is touting its debut product as the only multifamily-unit-size dehumidifier on the market. The freestanding product is discreet and works automatically, removing as much as 22 gallons of water in one unit per week.
Walker & Dunlop Lines Up $100M in Financing for Texas Deal
The six bridge loans were secured through a regional bank and will ensure financing for the acquisition and renovation of a 1,795-unit portfolio.
From Dentistry School to Luxury Condos
Trumark Urban developed the 76-unit community, which includes 60 flats, six triplex townhomes and 10 townhouses. The architectural firm Handel Architects maintained the original façade while designing three-dimensional window bays and floor-to-ceiling glass windows for expansive views, enhancing the building’s geometric presence.