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...

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 ...

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 ...

Did you know? In 1840, Elizabeth Blair, daughter of one of the city founders, discovered a natural spring filled with mica chips, which imparted a silvery hue. The town was named in honor of this colorful water feature . Geographic orientation : Montgomery County , Maryland Landmarks: Silver Spring Arts and Entertainment District, AFI Silver Theatre and Cultural Center, The Fillmore, National Museum of Health and Medicine Why You'll Love This Area: Silver Spring offers a family-friendly, walkable downtown, excellent restaurants and stores and a vibrant mix of arts and entertainment. Just minutes from the nation's capital, Silver Spring is a suburban city located in Montgomery County , Maryland. It is one of the fasting growing and most diverse communities in the U.S. The boundaries of Silver Spring cover a large geographic area extending from the borders of Washington, D.C. to the south, Prince George's County to the east and Howard County to the north. The area h...

I arrived in Madrid in December 2012, in time to celebrate the bleakest Christmas the city had seen in a generation. Capital and country were reeling from a series of shocks that had brought Spain to the brink of ruin. Six months earlier, a slow- burning banking crisis had blazed out of control, forcing the government to request billions in rescue aid from its European partners. Spain was in recession and suffering an unemployment crisis that would see the jobless rate peak at 27 per cent a few months after my arrival. Reminders of the nation’s desperation were everywhere. On days when I took my son to kindergarten we would pass a long line of people — not all of them poorly dressed — waiting outside a church- run soup kitchen . Walking to my office in the morning, I would find more and more shops boarded up. Inexplicably, the tiny store that sold and repaired mechanical typewriters held out, defying both the economic downturn and technical obsolescence. Then, one day, I found that ...

By Beth Jacobi The recommendations of the Bend 2030 housing workgroup , recently offered to Bend City Council , may not ease the housing burden of many of the people who live and work in Bend. The recommendations are designed to increase housing for those making $40,000 to $90,000 a year. But according to the Oregon Housing Alliance , the current mean renter wage in Deschutes County is $11.86 an hour (about $24,000 a year). Many tourism industry workers , teachers, police officers, health care workers , social service workers , and families with children are suffering from our housing crisis. Bend leads the nation for rent increases. Bend’s average home sales price is over $400,000, and homelessness has gone up 31 percent since 2015 (Point in Time Count, 2017). The Bend 2030 housing workgroup has some great ideas, but the recommendations don’t ensure the development of affordable housing . City leaders must reserve valuable subsidies and incentives, ( property tax waiver , system ...

18 Aug 2017, 09:44 In 2007, I lived in a one- bedroom apartment , wasn’t married, had no kids, no pets, was an outright retail planner working almost exclusively on a range of Tesco projects, and had a respectable hairline. Come 2017, I cannot claim any of that to be true, writes Sebastian Tibenham , executive director at Pegasus Group. I’m married, have two kids, three pets, work across a range of development sectors , my retail client, now Asda, makes up just 10% of my workload. Am I happier and more sustained at work and at home? Yes! Why? Diversification. Not only is diversification important in running a business, and experiencing day to day life, it is vital for our towns, cities, the economy and our industries. Unfortunately, the planning industry in the North West, and particularly the housing sector, a fundamental industry within our economy, was too targeted and not sufficiently diverse in 2007 to recover quickly from the deep recession. Throughout 2007/8, the proportion ...

National Ballooning Championships from September 2-9" title="Balloons aplenty over the Avon Valley for the National Ballooning Championships from September 2-9" /> Balloons aplenty over the Avon Valley for the National Ballooning Championships from September 2-9 The skies above the West Australian town of Northam and the surrounding Avon Valley will be adorned with 30 beautiful- hot air balloons for the National Ballooning Championships from September 2-9. Public festivities commence on September 2 at 4pm with the Northam Balloon Fiesta and visually stunning Balloon Glow , after dark at the Henry Street Oval . Fiesta will include a live stage show , balloon-discovery zone, carnival rides, game zone, markets, food and drinks, and show bags. The competition balloons will fire up with musical accompaniment and a fireworks finale. Balloons will launch at around sunrise each morning and fly until approximately 9am. Another highlight is the key-grab competition on ...

Industries › Commercial Real Estate October 22, 2015  |  Print this page Landmark Apartment Trust Inc., a Richmond- based multifamily real estate investment trust , announced Thursday that it has entered into a merger agreement to be acquired by Monument Partners LLC , an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust , in an all- cash deal valued at about $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company . According to the agreement, Monument will acquire all of the outstanding stock of Landmark and all the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings LP , for $8.17 per share of common stock. Landmark’s board of directors has approved the merger agreement and has recommended approval of the merger by the company’s stockholders.  The transaction is contingent on the approval by st...

Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...