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...

New York firm pays $58M for Wellington apartments Deal breaks down to more than $180,000 per unit By Sean Stewart-Muniz | March 07, 2016 10:30AM The Solara at Wellington apartment complex Affiliates of Phillips International, a New York real estate company , just paid $58 million to AEW Capital Management for the Solara at Wellington Apartments. Solara is a mid- rise apartment community with 320 units at 12535 South Shore Boulevard , directly north of the Palm Beach Polo & Country Club. It was first built in 1991 and has traded hands between firms several times since then, most recently in 2007 when California’s IMT Residential gave ownership of the apartments to Boston- based AEW Capital Management for an unknown price, according to Palm Beach County property records . AEW manages investments primarily on behalf of institutional and private investors. According to its website, the firm has about $34 billion worth of assets in North America. The company recently sold a trop...

August 25, 2008 | By Jerry W. Jackson, Sentinel Staff Writer Despite the real-estate slowdown, apartment developer Lane Florida LLC is moving forward with its Orlando-area projects. The company, launched in Orlando by Atlanta-based Lane Co. in 2006, is wrapping up work on portions of its first complex in Florida, a 384- unit development in Osceola County called Verano Apartments . Work began on Verano, located just off Exit 244 of Florida's Turnpike near Walt Disney World , in November 2007. While leasing has begun and some of the one- to three-bedroom units are occupied, work is continuing and the complex should be completed by February, according to Mike Mulhall, the company's Florida regional development partner . Mulhall said work has also begun on the company's even more ambitious downtown Orlando apartment tower , called The Montage. The 19-story high-rise is being built on Lake Avenue a block from Lake Eola. "The apartment market remains strong , and we have t...

  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...

Market Summary  Follow UDR Inc. is a Owns and manages apartment communities Last Price $ 39.04 Last Trade Aug/25 - 16:01 Change $ -0.10 Change Percent -0.26 % Open $ 39.23 Prev Close $ 39.14 High $ 39.34 low $ 38.95 52 Week High $ 40.71 52 Week Low $ 32.79 Market Cap 10,446,058,275 PE Ratio 3.67 Volume 1,538,207 Exchange NYE UDR - Market Data & News UDR - Stock Valuation Report Trade UDR Inc. (UDR) traded on unusually high volume on Aug. 24, as the stock lost 0.51% to close at $39.14. On the day, UDR Inc. saw 2. 4 million shares trade hands on 10,212 trades. Considering that the stock averages only a daily volume of 1. 12 million shares a day over the last month, this represents a pretty significant bump in volume over the norm. Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful...