Apartment Choice

The government’s national policy on housing will take into account the country’s urbanisation and urban migration. Myanmar's commercial capital will need 1. 07 million housing units by 2040 and the entire country will require an additional 4. 8 million units by then, according to an official from the Ministry of Construction. The whole country will need 4. 8 million housing units by 2040, based on the population growth rate between 1983 and 2014, said U Nway Hmu, deputy director of the Housing Development Division under the Ministry of Construction. 8 million housing units required by 2040" alt="image" style="border: 0px;" /> The deputy director made the re- marks during a presentation organised by the property website House . com.mm. According to the 1983 census, the national population was 35.29 million. It increased to 51.48 million in 2014, according to the 2014 census. Based on that population growth rate , Myanmar is expected to have 70.5...

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...

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...

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...

HOUSING developer David Wilson Homes Southern has announced it will invest more than £10 million in the Basingstoke area via developer contributions . The investment relates to two developments the firm has in the town, which together are expected to underpin around 2,500 jobs. The developer contributions money will be invested via Basingstoke and Dean Borough Council and associated planning agreements, with the final payment to be made before construction is completed. Overall £5m will be spent on improving local education , more than £3m on improving the town’s transportation system and nearly £2m will be put towards open spaces and community facilities. An additional £60,000 will be invested into public art. David Wilson Homes Southern has two developments in Basingstoke, Spiers Meadow on Carter Drive and Gilles Meadow on Park Prewett Road , which combined will bring 625 new homes to the area. Gillies Meadow will consist of a mix of two to five bedroom properties, whilst Spi...

Anthony John Group ’s $ 600 million Southpoint development in Brisbane’s South Bank has now sold all 196 dwellings over a year out from completion. Anthony John Group Managing Director Tony John said over 70 per cent of purchasers in Southpoint have been local, believing that the development’s ‘exceptional qualities’ has helped bolster local confidence . “On the last piece of private land to be developed in South Bank, in one of Australia’s best lifestyle precincts, Southpoint offers its residents stunning apartments , spectacular views and unparalleled access to transport and convenience,” he said. Mr John added that features like location, quality and amenity continue to have strong sustainable appeal for local purchases , with retail and entertainment hubs being a major drawcard.   “Convenience has become a critical factor in modern life. No longer do we drive to the shops, preferring instead to have it all on our doorstep. This, along with transit oriented locations boasting re...

Seven Casa Del Rio apartment units sold at launch Published on: Saturday, December 01, 2012 Melaka: Seven of the 32 apartment units in Casa del Rio Residences , an exclusive apartment overlooking the Melaka river bay , were sold at the launch here Friday. Tan Sri Syed Yusof Tun Syed Nasir , group managing director of the project developer Casa del Rio Sdn Bhd , said the residences, valued at around RM60 million, took about three years to complete. "The concept of the Casa del Rio Residences is that we want to provide an elegant, high-class residence, the first of its kind, right in the heart of Melaka town," he told reporters after the launch. At the event, Syed Yusof also gave a personal tour of the residences to Yang Di- Pertua Negeri Tun Mohd Khalil Yaakob . Syed Yusof added that there would be a sales launch in Kuala Lumpur on Dec 6 at Concorde Hotel from 3pm to 6pm. The Melaka Hard Rock Cafe project undertaken by Casa Del Rio will be completed...

GREENWICH, CONN. — Monument Partners LLC , an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN), has entered into an agreement to acquire Landmark Apartment Trust Inc. in an all- cash transaction valued at $1.9 billion, including the assumption of existing debt. Under the terms of the deal, Starwood Global Opportunity Fund X, through a controlled affiliate, will acquire Landmark Apartment Trust ’s ownership interest in 19,615 units in 63 apartment communities . The portfolio is located in eight Sunbelt states, with major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte and Nashville. Milestone — which will acquire 4,172 units in 15 assets as part of the transaction — will serve as property manager for Starwood’s portion of the portfolio. “This acquisition highlights our confidence in multifamily housing as an asset class that represents an attractive risk-reward proposition for our investors,” says ...

NEW YORK, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company, announced it has provided $37,368,000 in HUD-insured financing for The Verandas Apartment Homes . The transaction was originated by Lori DiMartino, a Vice President in Greystone’s New York office. Owned by Legacy Partners since 2007, The Verandas is a 209- unit multifamily community located in West Covina, CA. The refinance enables Legacy Partners to complete substantial property renovations to most interiors and exterior amenity areas , including complete clubhouse upgrade as well as the pool, BBQ and dining spaces, and dog park. “Legacy’s ability to finance renovation funds based on future rents is one of the true benefits of this HUD refinance product , aside from the advantages of a low fixed rate , non-recourse, and 35-year term,” said Ms. DiMartino.    “We are thrilled to have refinanced this property, as the rehabilitation and resident experience is a top priori...

Women’s soccer fans who follow only the U.S. national team might not have heard of Maddy Evans, unless they knew of her when she was growing up in the Philadelphia region . But Evans’ name is very much one worth knowing, because her story says a lot about the present and future of the sport in this country. A 26-year-old product of Abington High and Penn State, Evans retired from playing last week after a five- year pro career . Among the reasons: She couldn’t earn enough money in the job to sustain a living. Evans’ salary this season with the Orlando Pride of the National Women ’s Soccer League was set to be approximately $16,000, just above the league minimum of $15,000. In previous seasons — with the Boston Breakers from 2013 to 2015 and the Pride after that — she received half that sum or less. Players are paid only during the time of year when teams are on the field. It’s a far cry from the glamorous lives led by the globa...

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...

I t is obligatory, when writing about the Thames-side village of Sonning, to quote Jerome K Jerome. In his 1889 novel Three Men in a Boat he said: “It is the most fairy-like little nook on the whole river. It is more like a stage village than one built of bricks and mortar.” It has retained these charms but now there is another name to drop: George Clooney. He and his wife, Amal, bought a £10m house here in 2014. They are the latest in a long line of celebrity residents of this village four miles east of Reading, from Terence Rattigan to, er, Uri Geller. I arrive expecting to see Clooneys around every corner. Alas, it isn’t to be: perhaps they are in one of their other houses, in LA, Lake Como, or Mexico … But enough celeb-stalking; I’m here to check out the Great House at Sonning, which reopened in May after a major refurbishment. The main building is a Grade II- listed Elizabethan inn , with gardens spilling down to the river. There are more rooms around the courtyard – 49 in all, fr...

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...

River Place apartments Tuesday in McHenry. The owner is putting the waterfront building that houses luxury apartments and a few retail businesses up for sale. Asking price is around 6 million." class="automarg" src="http://www.nwherald.com/_internal/cimg!0/25xsfm4rxbl9pkugh4q0lbhnsr9dii9" /> Sarah Nader – snader@shawmedia.com Caption A view of River Place apartments Tuesday in McHenry. The owner is putting the waterfront building that houses luxury apartments and a few retail businesses up for sale. Asking price is around 6 million. McHENRY – River Place Luxury Residences , a 27- unit apartment building in downtown McHenry, is up for sale. River Place, 1112 N. Green St., is located directly on the Fox River at the Green Street bridge . According to a news release, Roy Blavvise, managing member of the ownership group, said the asking price for the luxury apartment complex is about $6 million. “In my opinion, River Place Luxury Residences is the finest...