LMC, a leader in apartment development and operations, this week was named a Finance & Commerce 2017 Progress Minnesota honoree. LMC was honored at an awards ceremony at the Minneapolis Events Center and profiled this week in a special edition of Finance & Commerce newspaper.

INDUSTRY VETERAN SHLOMI REUVENI ANNOUNCES DEBUT OF REUVENI REAL ESTATE, A REAL ESTATE VENTURE FOCUSED ON NEW DEVELOPMENT PROJECTS

Camden Property Trust (NYSE:CPT) announced today that it has been ranked #22 on FORTUNE Magazine’s 20th annual “100 Best Companies to Work For” list. This marks the tenth consecutive year that Camden has been included on FORTUNE’s list. The full list and related stories will appear in the March 15, 2017 issue of FORTUNE and can be accessed online now at http://fortune.com/best-companies/.

Package Concierge® Signs Acquisition Agreement with Gibraltar Industries 

Package Concierge®, the multifamily industry’s preeminent supplier and innovator of electronic package management solutions, today announced it has entered into an acquisition agreement with Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer of commercial building products. Gibraltar will acquire Package Concierge for $20 million in the all-cash transaction.

Package Concierge’s manufacturing partner, Florence Corporation, a subsidiary of Gibraltar Industries, produces the only premium quality, U.S.-made package locker systems. Gibraltar’s acquisition solidifies Package Concierge’s exclusive partnership with Florence and ensures multifamily access to the innovative, American-made technology.

“The online shopping trend continues to grow exponentially, increasing the need for multifamily communities to deliver a seamless resident experience while streamlining their own operations,” said Georgianna W. Oliver, chief executive officer of Package Concierge. “By combining Gibraltar’s unmatched expertise in postal delivery products with our commitment to innovation and in-depth knowledge of the multifamily industry, our clients will deliver the best package experience possible to their residents while increasing the efficiency of their leasing offices. We are thrilled to join the Gibraltar family of businesses and excited to bring new products and solutions to the apartment industry.”

Day-to-day operations will remain unchanged, and Package Concierge will continue its modernization of technologies and package management solutions. To better address the impact eCommerce growth is having on the multifamily industry, the firm will launch Package Concierge Express® and a Package Concierge Package Room in 2017. 

“Package Concierge is the clear market leader in the multifamily segment and through the acquisition of Package Concierge, we plan to accelerate Gibraltar’s presence in the overall fast-growing Package Delivery Locker market,” said Gibraltar Chief Executive Officer Frank Heard. “Package Concierge’s proprietary software/hardware solution and deep understanding of the multifamily market, coupled with our current ExpressLocker™ product, provide Gibraltar with a distinct competitive advantage.  We welcome the Package Concierge team to Gibraltar and look forward to working together to capitalize on many exciting opportunities in this market.” 

To learn about Package Concierge’s package management solutions, please visit www.packageconcierge.com.

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following Dr. Ben Carson’s confirmation as the Secretary of the Department of Housing and Urban Development (HUD):

EB-5 Deal Pipeline Grows to $257 Million in Areas Such as Harlem and Astoria, NYC; Los Angeles, CA; and Seattle, WA as Greystone Secures Overseas Investors for Projects

Greystone Real Estate Advisors today announced it closed over $1 billion in multifamily investment sales in 2016. This volume, which represents the multifamily division’s first full year in operation, caps an active year of expansion during which the team extended its reach and capabilities in affordable housing and market rate multifamily advisory. 

Greystone, a real estate lending, investment and advisory company, today announced it has provided a $5,221,000 Fannie Mae DUS^® Green Mortgage Loan to refinance The Duddington in Washington, D.C. The loan was originated by Andrew Ellis of Greystone’s Rockville, MD office.                                                           

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced that the National Association of Home Builders awarded top honors to two of its recently developed apartment communities.