Prominence
RealPage, Inc. Announces Public Offering of Its Common Stock
RealPage, Inc. has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the…
Oak Residential Enters Indianapolis Market
Deerfield, IL–Oak Residential Partners, LLC closed on its second multifamily investment in the Indianapolis area in two months, the 146-unit Grande Reserve at Geist Apartments.
Edward Scott Appointed to Spearhead Kislak’s Florida Expansion
J.I. Kislak Mortgage LLC has appointed Edward Scott to senior vice president and southeast divisional manager.
NAREIT Board Rings Bell at NYSE
New York—In celebration of the 50th anniversary of REITs, members of the executive board of the National Association of Real Estate Investment Trusts (NAREIT) were invited to ring the opening bell at the New York Stock Exchange today.
$48M in Financing Closes for Mixed-Use Project in Suburban Washington, D.C.
Washington, D.C.–It’s all systems go for Garfield Park, a 149-unit luxury mixed-use apartment project just outside of Washington, D.C., in Arlington, Va.
John Lis Rejoins ista North America’s Multifamily Division
Atlanta–After serving as vice president of Multifamily Sales with ista North America from 2003 to 2008, John Lis has rejoined the company as senior vice president of Sales & Marketing for the multifamily division. Ista is a leading energy cost management company. The executive team will look to Lis to use his 10 years of growth and development experience in the industry to strengthen its multifamily leadership. In his revious run with the company, Lis supported the implementation of ista’s submetering services to the portfolio. He subsequently shifted into vendor sales as vice president of Sales and served as senior…
Verdict Reached on Escrow Suit
Essex County, N.J.–A verdict was reached recently in a dispute of the sale of the largest multifamily portfolio in New Jersey in which East Coast Residential Associates claimed it was entitled to receive a $25 million escrow.
Rick Castro Joins NWP Services as Managing Director, ISO/Lean Six Sigma Quality Programs
Irvine, Calif.–Rick Castro recently joined NWP Services Corp. (NWP) as managing director of its ISO and Lean Six Sigma Programs, reporting to Vaughn Chase, vice president of operations.
$77M Mixed-Use Project in Baltimore Makes Official Debut
Baltimore–The Fitzgerald, a 275-unit mixed-use residential property in Baltimore, has officially reached completion two years after construction commenced.
Riverstone Residential Group Promotes Lydia Bishop to SVP of Florida Region
Dallas–Lydia Bishop of Riverstone Residential Group has been promoted to senior vice president for the Florida region. The Florida region is part of the company’s East Division spearheaded by Maura Bilafer, division president. Bishop has over 20 years of property management experience that include conventional, affordable, mid-rise, high‑rise, and garden style communities, both vintage and new. Bishop joined Riverstone through Trammell Crow Residential Services in 1986 and worked on-site for eight years. “Lydia’s industry and company expertise and ‘hands-on’ capabilities are unsurpassed,” says Bilafer. “She has demonstrated her ability to build strong teams, strong operating results for our company’s owners,…