Apartment Choice

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...

Katz’s Deli, the iconic New York deli, has been serving its customers for well over 100 years. Getty Images Elon Musk once compared building a business to “eating glass and staring into the abyss of death.” George Orwell, for his part, once described writing a book as a “bout with a long illness,” a sentiment that many entrepreneurs and creatives would agree with. The point is: No one would willingly subject themselves to any of the suffering that goes into building something if they thought their efforts were going to disappear with the wind. Yet the truth is, most businesses and most art does disappear. It might be easier than ever today to start a business—a few bucks on LegalZoom and you’re the CEO of a brand new LLC. What is still hard and what has always been hard it keeping your doors open, staying in business, and keeping customers happy over the long term will never be easy. In a world obsessed with the new and the trendy, we don’t tend to give enough credit to people do ma...

Landmark Apartment Trust is going public. The multifamily real estate investment trust company , which had been based in western Henrico County , filed with the Securities and Exchange Commission last week to raise up to $375 million in a proposed initial public offering . Landmark took in $262.2 million in total revenue in 2014 and posted a net loss attributable to common stockholders of $25.3 million, according to the regulatory filing. The company listed total assets of $1.82 billion. In the SEC filing, Landmark did not list a public offering stock price . In announcing the IPO filing Tuesday , the company said it intends to recapitalize its common stock. Outstanding shares will be redesignated as Class A Common Stock. The company has applied to list under the ticker symbol LAT on the New York Stock Exchange . The company said Merrill Lynch, Pierce, Fenner & Smith Inc. and Citigroup Capital Markets Inc. are joint book-running managers for the IPO. Landmark ...

Each week, Sporting News runs down the biggest stories in the world of professional wrestling. NXT steals the weekend from WWE ‘SummerSlam’ It was a jam-packed, four straight days of WWE action at the Barclays Center in Brooklyn highlighted by WWE “SummerSlam," the company's second-biggest event of the year. But once again, it was NXT that stole the headlines as the best show. “NXT TakeOver: Brooklyn III” continued the streak of fantastic shows by the company’s third brand with great matches from top to bottom — with surprises sprinkled in, to the fans’ delight. MORE: Watch John Cena be susprised by fans in emotional video Even before the show began, the wrestling faithful were buzzing and chanting for former three-time Ring of Honor champion Adam Cole and hoping he'd make his debut that night. They weren’t disappointed, as Cole, along with former ROH stars Bobby Fish and Kyle O’Reilly, attacked Drew McIntyre just moments after he dethroned Bobby Roode as NXT Champio...

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...

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...

Miramar Hotel and Investment Company, Limited (HKSE: 71) announced last week the unaudited interim results for the six months ended 30 June 2017 .           For the six months ended 30 June HK$ Million   2017   2016   Change Revenue   1,559   1,485   5% Underlying profit attributable to shareholders*   333   263   27% Underlying earnings per share (Basic)*   57 cents   cents   27% Interim dividend per share   23 cents   20 cents   15%               * Underlying profit attributable to shareholders and underlying earnings per share are calculated by excluding the post-tax effects of the property revaluation movements and other non-operating and non-recurring items such as net gain on disposal of a subsidiary For the six months ended 30 June 2017 (the "Reporting Period"), the Group's unaudited revenue was HK$1,559 million, representing a growth of 5% compared to the six months ended 30 June 2016 (the "Last Corresponding Period"). Excluding the increa...

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...

  August 23, 2017 -- !-- AddToAny BEGIN --> Apartment Community to Add Refrigerated Lockers " class="justimagebox" width="400" height="338" style="float: left;" /> BALTIMORE, Md (PRWEB) August 23, 2017 LIVEbe, a premier apartment developer and operator dedicated to delivering distinct apartment homes within connected communities, has announced the addition of refrigerated lockers to its 2Hopkins apartment community in Downtown Baltimore. The luxury high-rise, featuring 183 apartment homes , is the first apartment community in the U.S. to implement the Smiota PoD refrigerated lockers . Produced by Smiota, Inc., the lockers serve as a premier service amenity , allowing residents to utilize food delivery services and have round-the-clock access to their shipments via smartphone. ?There has been an uptick in demand for food- delivery services , and we' ve closely observed the trends of companies such as Blue Apron, HelloFres...