Other Multifamily News

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.

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 The Alameda, a mixed-use apartment community located in the heart of the Silicon Valley.

Greystone, a lending, investment and advisory company, today announced it has provided a $29.2 million Freddie Mac loan for Andover at Crabtree, a multifamily property in Raleigh, North Carolina. Dale Holzer, managing director in Greystone’s Newport Beach, CA office, originated the loan on behalf of one of the largest publicly-traded REITs in the country.

Preferred Apartment Communities, Inc. ("PAC" or the "Company") is profoundly saddened to announce that the Company's Co-Founder, Chairman and Chief Executive Officer, John A. Williams unexpectedly passed away earlier today. The Company's Board of Directors has appointed Vice-Chairman and Chief Investment Officer Daniel M. DuPree to succeed Mr. Williams as Chairman of the Board and Chief Executive Officer.  Leonard A. Silverstein, a co-founder of the Company along with Mr. Williams, has been appointed Vice-Chairman of the Board and will continue as President and Chief Operating Officer.

Recently, Newmark Knight Frank studied the impact social and service amenities had on rent, lease-up, and sale price. According the study, “buildings with five or more social amenities sold for $31,867 per unit less than projects with four or fewer social amenities.”