Operations & Technology
MAG Appoints Regional VP
Multifamily Ancillary Group has announced a new telecommunications and cable division, Next Wave Solutions, and has appointed telecom industry veteran Gregg Roffers to lead the firm’s business development and marketing teams. He will also manage existing relationships with major apartment owners and managers.
New VA Apartments Feature Unique Fitness Equipment
Chesapeake Realty Partners’ Belvoir Square Apartments offers professional-quality health and wellness amenities—both indoors and out—for extreme athletes and power lifters, but also yoga devotees, runners and walkers.
Greysteel Tapped Exclusive Advisor, Sale Agent for D.C. Community
The company’s Managing Director Kyle Tangney and Investment Associate Herbert Schwat will be responsible for marketing the 24-unit residential asset. According to public records, the property last traded for almost $1.4 million back in 2012.
Habitat Assumes Management of Chicago Communities
The properties include Reserve at Evanston, a four-story building with 193 residences, and 640 North Wells, a new 250-unit rental tower in Chicago’s River North neighborhood.
QuadReal Invests $600M in Student Housing JV
QuadReal invested $600 million of equity into a partnership with CA Student Living (CASL) and GI Partners. The joint venture’s initial portfolio includes 10 geographically diversified properties, developed and managed by CASL, in 10 major university markets across nine states.
Pennrose Hires Veteran as VP of Operations
Barry Weaver will provide leadership to regions in eastern Pennsylvania and New Jersey. He has more than 25 years of experience in multifamily property management.
Sunrise to Helm Lease-Up at Luxury SoCal Community
Located east of San Diego in El Centro, Calif., the project will comprise 242 units developed in three phases. Leasing of the 84-unit, $12 million first phase is underway.
The Long and Short of It
This month MHN and Kingsley Associates ask residents what they think of Airbnb or other short-term rental programs at their community.
MHN’s Top 5 April 2017 Articles
Miss out on any MHN stories in April? Here are five of our most popular articles for the month, including the top 10 apartment owners in Los Angeles and the status of Chicago development.
Witkoff’s 150 Charles Street Awarded LEED Gold
Cook + Fox Architects collaborated with Alan Wanzenberg Design to retain the masonry façade of the original structure and add 10 four-story townhouse units, 33,000 square feet of green space and numerous high-end amenities.