Other Multifamily News

Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) in response to President Trump’s State of the Union address:

Audubon Communities, an Atlanta-based company specializing in the acquisition, repositioning and management of multifamily properties across the Southeast, has completed $1.1 million in renovations and upgrades at two Class A multifamily communities in Decatur, Georgia.

 JACKSONVILLE, Fla. (May 15, 2018) – The First Coast Apartment Association (FCAA) has installed its board of directors for 2018. The board was sworn in at the annual installation meeting last month.

Greystone, a real estate lending, investment, and advisory company, announced it has provided a $36,320,000 HUD-insured permanent loan to refinance Gables of Troy, a 544-unit multifamily property in Troy, MI. The transaction was originated by Cary Belovicz and Steve Van Riper of Greystone Bel Real Estate Advisors, and John Marr of Greystone, on behalf of Kaftan Communities.

Greystone Development, a New York-based real estate development company, and preservation experts Walter B. Melvin Architects, announced that the New York Landmarks Conservancy has recognized the 227 4th Avenue property with the Lucy G. Moses Preservation Award. Named for the late New York City philanthropist, the annual Lucy G. Moses awards are the Conservancy’s highest honors given for outstanding preservation. 

LIVEbe, a premier apartment developer and operator, today announced a unique recruiting campaign designed to attract motivated individuals with creative problem-solving skills who are passionate about creating connected communities. 

Greystone Affordable Development and The Hallmark Companies, Inc. celebrated the grand reopening of 24 affordable housing communities across 12 Florida counties with a ribbon cutting ceremony hosted at Woodland Terrace Apartments in St. Cloud, Florida. The $132.6 million tax-exempt bond transaction substantially renovated 24 USDA Rural Development Section 515 properties, comprising 1,058 aging and at-risk affordable multifamily housing units.

LMC, a wholly-owned subsidiary of Lennar (NYSE: LEN, and LEN.B), and a leader in apartment development and operations, today announced that it was named as the nation’s seventh largest developer of multifamily housing in 2017 by the National Multifamily Housing Council.

ROSS Companies, a leader in multifamily acquisitions, property management and renovation in the Mid-Atlantic region, today announced that 2018 marks significant anniversaries for two of its affiliates. This year is the 35th anniversary of ROSS Development & Investment and the 30th anniversary of ROSS Management Services.

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera River North, a five-story luxury apartment community located in the growing River North (RiNo) neighborhood just north of Downtown Denver.