Apartment Choice

By Paul Norman - Friday, August 18, 2017 9:04 Global rental housing company Greystar has announced the appointment of Mark Allnutt to head operations in the UK, replacing Jeff Manno who is returning to the US to lead Portfolio Management for the new Greystar Growth and Income Fund. As UK business lead , Mark Allnutt will oversee 200 plus London-based staff and a property portfolio which includes student housing and multifamily rental accommodation across the country. Allnutt has been tasked with increasing Greystar’s UK multifamily portfolio to 10,000 units within four years and growing its student housing portfolio to position the company as one of the country’s largest owners and operators of rental housing . He joined Greystar in 2014 to launch the company’s multifamily business in London. Subsequently Greystar’s development pipeline has grown to over 2,750 units with a value of £1.5bn and the company has been involved in several of the largest propert...

ASX MARKET & MEDIA ANNOUNCEMENT 23 August 2017 FINBAR REPORTS $5.1 MILLION PROFIT IN FY17 Key Points: Operating profit of $9.6 million After tax net profit of $5.1 million $2 billion project pipeline with $1 billion in approved projects 21 years of consecutive profit Perth, 23 August 2017: Finbar Group Limited (ASX: FRI) (Finbar or the Company) has delivered a profit after tax and impairments of $5.1 million for the full year ended 30 June 2017 after releasing its audited results today . This result represents 21 years of consecutive profit for the Company. The after-tax profit was directly impacted by subdued Perth property market conditions resulting in moderating sales conditions and further reduction in valuations on investment property totalling $4.5 million from an operating profit of $9.6 million. Finbar completed FY17 by more than doubling its cash position to $67 million. A portion of this cash has subsequently enabled the full repayment of facilities for...

August 28, 2017 10:03 AM ET Equity Real Estate Investment Trusts (REITs) Company Overview Landmark Apartment Trust of America, Inc. is an independent real estate investment trust . The firm invests in the real estate markets of the United States. It is primarily engaged in ownership, acquisition, management, and disposition of multifamily apartment communities . The firm was previously known as Apartment Trust of America, Inc. Landmark Apartment Trust of America, Inc. was founded on December 21, 2005 and is based in Tampa, Florida with an additional office in Richmond, Virginia. 3505 East Frontage Road Suite 150 Tampa, FL 33607 United States Founded in 2005 768 Employees Key Executives for Landmark Apartment Trust, Inc. Chief Executive Officer and Director Chief Financial Officer Chief Operating Officer Chief Investment Officer , and Senior Managing Director Executive Vice President and Chief Operating Officer Compensation as...

TH Real Estate, a subsidiary of TIAA, purchased The Atlantic at East Delray, a 228- unit community in Delray Beach, Fla. PS Vinings Owner LLC , a partnership between Pollack Shores and an affiliate of Heitman LLC, sold the property. According to the Daily Business Review , the asset traded for $54.3 million. Executive Managing Directors Avery Klann and Hampton Beebe, Director Jonathan Senn , Transaction Manager Matthew Scarola and Vice Chairmen Dick Donnellan and Marc deBaptiste, all from ARA Newmark, represented the sellers in the transaction. Located at 650 Lavers Circle, the Southeast Florida community is just east of Interstate 95 and close to retail options, the beach and the primary entertainment strip in Delray Beach, Atlantic Avenue. The property’s location provides access to major employment centers in both West Palm Beach and Boca Raton. Featuring luxury one-, two- and three- bedroom apartments , the 1996- built property includes various amenities, such as: A sand vo...

Demolition work has begun at the old Craig Dunain Hospital in Inverness. Work is progressing to transform a blaze- hit Inverness hospital into an upmarket housing development . Robertson Homes is stripping the inside of Gleann Mor House at the former Craig Dunain psychiatric hospital , Westercraigs, as part of work to build 56 new luxury homes. Last night, executive chairman Bill Robertson said the first occupiers will be expected to move into these properties by spring next year. The developer has been transforming the 120- acre site surrounding the old hospital into properties for which it was granted outline planning permission in 2005. A vision for 550 properties at the site has previously been mooted by the house-builder – but the total number of homes is not set in stone. Mr Robertson said: “It (the entire development) is going to make the whole area of more interest to a lot of buyers.” Built in 1864, the landmark Craig Dunain building was gutted by a blaze in September...

A single-story building with one-bedroom apartments will be built on 2 acres along Kasper Street NE Kelly Byer CantonRep .com staff writer @kbyerREP CANTON  ICAN Housing is developing a 14-unit complex to lessen the gap between housing and people who need a place to stay. A single-story building with one-bedroom apartments will be built on two acres along Kasper Street NE . ICAN Executive Director Julie Sparks said arborvitae trees, a type of evergreen, will create yard boundaries and have inspired the name Arbor Ridge. It will be the nonprofit's 29th property in Stark County and mid-sized for ICAN properties , which range from single-family houses to 20-unit complexes. "It doesn't overwhelm a community, but it also provides some measure of camaraderie and support amongst tenants," Sparks said.  Arbor Ridge will serve people with mental illnesses who make at or below 50 percent of the area median income . Rent will be capped at 30 percent of the tenant's inc...