Regions
TGM Buys Third Metro Chicago Multifamily Property
TGM Associates has acquired the Communities of Ascot Glen, a multifamily complex in Willowbrook, Ill., a western suburb of Chicago, for $101 million. The seller was RREEF, which was represented in the deal by HFF.
Conrad Egan Named Chairman of the Board at Community Preservation and Development Corporation
Community Preservation Development Corporation (CPDC), a nonprofit organization that revitalizes and creates affordable communities throughout the mid-Atlantic region, announced veteran housing and community development policy advocate Conrad Egan as chairman of its board of directors.
Assurant Specialty Property Launches Its First Mobile Site for Consumers
Assurant Specialty Property, a provider of renters insurance and security deposit alternatives to the multifamily housing industry, announced the launch of its mobile-optimized website for renters insurance, located at www.rentersecurity.com.
RealPage Signs On as an IREM Industry Partner
The Institute of Real Estate Management (IREM®) announced that RealPage®, located in the Dallas suburb of Carrollton, has become a 2013 IREM® “Industry Partner,” continuing the mutually rewarding relationship between the two organizations that was formalized in 2011.
Wood Partners Announces Two Promotions in Mid-Atlantic Region
Wood Partners announced it is promoting Carter Siegel to the position of regional director of the company’s Mid-Atlantic region, which currently includes Virginia, Maryland, Delaware, Pennsylvania and Washington, D.C.
Economy Watch: Bank Failures Slow Almost to Halt
The rush of U.S. bank failures that began with the financial panic more than four years ago has crawled to a trickle.
Inland American Acquires Student Housing Property at TCU
Inland American Communities has acquired The VUE, a fully developed student housing property located on the Texas Christian University campus in Fort Worth, Texas.
Pennrose and Blue Sea to Redevelop Prospect Plaza
The New York City Housing Authority and New York City Housing Preservation and Development have tapped Pennrose, a multifamily specialist based in Philadelphia, to be a co-developer on Brooklyn’s Prospect Plaza redevelopment.
TODAY’S DEALS: Vesper Acquires Texas Student Housing Asset
Vesper Holdings buys a 450-bed asset; The Bascom Group completes a Colorado sale with help from ARA; and Alliant Capital completes a $2.1 million loan.
Michael Steiner to Lead Corvias Group’s Military Housing Division
Corvias Group, a privately owned, vertically integrated real estate group, announced that Michael Steiner has been promoted to managing director of the company’s military housing division, Picerne Military Housing.