Apartment Choice

MCKINNEY, TX - MIG Real Estate , a Newport Beach, California- based real estate investment company , has completed the acquisition of Regency at Stonebridge Ranch , a 301- unit luxury townhome apartment community in McKinney, Texas." MIG Real Estate recognized Regency at Stonebridge Ranch as an exciting opportunity to invest in a market with strong population and job growth," said Greg Merage, CEO of MIG Real Estate . "Regency at Stonebridge Ranch offers a unique package of luxury amenities and value-add potential through interior upgrades in an area where multifamily housing is in high demand." Regency at Stonebridge Ranch is located at 2305 S. Custer Rd. within the larger Stonebridge Ranch master - planned community in the Dallas, Texas suburb of McKinney. Situated six miles east of McKinney's historic downtown, residents have access to shops, restaurants and the McKinney Performing Arts Center . The community's location offers proximity to near...

We’re a particularly strong and well-capitalized company with a very strong investment record . Joe Lubeck Executive chairman, Landmark Apartment Trust of America Inc. The recession and slumping housing market made the past few years a good time to invest in apartments — and Landmark Apartment Trust of America Inc. was poised to take action. By acquiring more than $1 billion in properties in 2013, Landmark now owns or manages almost 33,000 units, says Joe Lubeck, executive chairman. This correlates with increased interest in renting. “We see that a lot of people are more interested in job portability and the ability to relocate from one city based on job availability, and they also no longer perceive a house as being the solid investment that it once was,” Lubeck says. “As a result, we’re seeing significant growth in the household formative years , the 25- to 40-year-old market, where people are specifically looking to be renters by choice.” Targeting distressed properties that c...

RICHMOND, Va.--( BUSINESS WIRE )-- Landmark Apartment Trust , Inc. (“Landmark” or the “Company”), a multifamily real estate investment trust with assets located in select metropolitan areas throughout the Southern United States , announced today that it has entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which it will be acquired by Monument Partners, L.L.C. (“Monument”), an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone”), in an all- cash transaction valued at approximately $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company. Pursuant to the terms of the Merger Agreement, Monument will acquire all of the outstanding common stock of Landmark and all of the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings, LP, for $8.17 per share or...

Amelia Ridge, located in Cary, N.C. Texas & North Carolina —Elco Landmark Apartment Trust Holdings (doing business as Elco Landmark Residential ) has announced a series of transactions. Combined, the firm has added six properties (four in Texas, two in North Carolina ) to its portfolio. On Wednesday the company announced that it had partnered with DeBartolo Development and LEM Capital to acquire four garden- style assets located in San Antonio and Austin for approximately $44 million. Collectively, the Texas portfolio consists of 771 units that are 95 percent occupied. Elco plans to implement a renovation and repositioning program on the assets. “The acquisition of these assets is another example of our unique ability to source attractive investment opportunities in high- growth metropolitan markets located across the South,” says Joseph Lubeck, CEO of Landmark Residential . “We look forward to leveraging our redevelopment and repositioning expertise to improve the quality of e...

VININGS, GA --(Marketwired - June 17, 2016) - Toronto- based Sutter Hill Acquisition Corporation has acquired The District at Vinings Apartments in Metro Atlanta for $68.75 million. Sutter Hill intends to spend up to $7 million renovating the 464- unit multifamily community , which is located on almost 38 acres in the heart of the Vinings area. The transaction closed June 16 , 2016. The District at Vinings Apartments is located at 2800 Paces Ferry Rd S.E., Atlanta, 30339, less than three miles from SunTrust Park -- the new stadium for Atlanta's Major League Baseball team , the Braves -- and The Battery Atlanta, which is expected to be one of the nation's top sports, shopping and entertainment venues. The apartments are also near Home Depot headquarters , the Cobb Energy Performing Arts Center , the Cobb Galleria and quaint Vinings Village . "This is a dominant asset in a dominant location," said Sutter Hill Acquisition President and CEO Karim Kanji . "It also ...

LAKE BLUFF, IL— Steadfast Income REIT Inc. announced Friday that it has purchased the 224- unit Deer Valley Apartments here for $28.6 million. The complex was built in 1991 and has average in-place rents of $1,179 per month, according to Steadfast. The garden- style community consists of 13 two- and three-story buildings and offers a mix of one- and two- bedroom apartments . About 70 percent of the units have been already renovated, and Steadfast plans to upgrade the remaining units when turning the units between residents. Amenities at each apartment include a stackable washer/dryer, secured intercom entry , large closets and private balconies or patios. Residents can also enjoy a renovated clubhouse and fitness center, pool with sundeck, business center and a picnic and barbeque area. This is the fourth property the REIT has purchased in Illinois. In 2010, it acquired Lincoln Towers in Springfield, and in 2012 it added The Moorings and Arr...

By Nancy Sarnoff , Houston Chronicle Updated 3:41 pm, Tuesday, May 9, 2017 Image 1 of / 6 Caption Close Image 1 of 6 Image 2 of 6 Image 3 of 6 Rendering of first phase of Buffalo Heights District . Rendering of first phase of Buffalo Heights District . Image 4 of 6 The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) Photo: James Nielsen, Staff Image 5 of 6 The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) Photo: James Nielsen, Staff Image 6 of 6 The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) The Memorial Heights apartment complex Dec . 13, 2016, in Houston. ( James Nielsen / Houston Chronicle ) Photo: Jame...