Construction Maison

Praxis Capital has acquired Clarkston, Georgia-based Birch Run Apartments , an 198-unit property for an undisclosed sum. However, Praxis is planning on investing $3 million to renovate and upgrade the property. PRESS RELEASE SANTA ROSA, Calif., Aug. 22, 2017 /PRNewswire/ — San Francisco area based Praxis Capital , Inc. is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia. This is the company’s first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. The Praxis executive team , possessing more than $6.3 billion of transactional experience in the multifamily sector, including institutional management of more than 90, 000 apartment units , seeks to build a large portfolio of Class B/C workforce housing, consistently unlocking embedded value in multifamily real estate . Praxis also looks to expand its relationships with Family Office and Institutional JV Equity sources ...

Los Angeles real estate investor TruAmerica Multifamily has continued its metro Denver buying spree with two new apartment acquisitions. TruAmerica, in a partnership with Allstate Life Insurance Co., recently bought the 710- unit Berkshires at Lowry complex in southeast Denver and the 404- unit Ponderosa Villas . The acquisitions were part of a $229 million deal that also included an apartment complex in Renton, Wash. The seller was an affiliate of Boston- based Berkshire Property Advisors . “Attractive existing and projected economic fundamentals in Seattle and Denver provide an excellent value- add investment opportunity for this Berkshire portfolio ,” TruAmerica chief executive Robert E. Hart said in a statement. TruAmerica made its first appearance in Denver in April with the $55 million purchase of the 564- unit Tamarac Village Apartments . In its first year of operations, TruAmerica has acquired 10 properties totaling more than $550 million. Dan Woodward, David Potarf an...

MIAMI , April 10, 2014 /PRNewswire/ -- Significant addition of 266,000+ sqft to FCA's Western US portfolio   FCA Group, the North and Central American real estate investment and property management arm of the Libra Group, has acquired the 316 unit multi- family development Amber Ridge Apartments in Las Vegas, Nevada . It marks a significant addition of 266,060 sqft to the company's North America multi- family housing portfolio and joins the 1, 000 residential units which FCA Group already owns and manages in Florida . Following the acquisition FCA Group is embarking on a comprehensive program of refurbishment and enhancements at Amber Ridge which will bring direct benefits to the community while adding prestige and value to the development as a whole. This includes restoring deteriorated units to ...

MIAMI , April 10, 2014 /PRNewswire/ -- FCA Group, the North and Central American real estate investment and property management arm of the Libra Group, has acquired the 316 unit multi- family development Amber Ridge Apartments in Las Vegas, Nevada . It marks a significant addition of 266,060 sqft to the company's North America multi- family housing portfolio and joins the 1, 000 residential units which FCA Group already owns and manages in Florida . Following the acquisition FCA Group is embarking on a comprehensive program of refurbishment and enhancements at Amber Ridge which will bring direct benefits to the community while adding prestige and value to the development as a whole. This includes restoring deteriorated units to suitably modern standards and upgrading selected apartments to meet the demand for a premium rental option . There will be substantial improvements to amenities throughout including re- developed common areas with superior landscaping, basketbal...

LOS ANGELES, CA - JRK Property Holdings has acquired Clover Creek , a 504- unit apartment community in suburban Chicago in a transaction brokered by HFF.Built in 1986, Clover Creek is located in Lombard, IL, a premier suburban Chicago submarket in the heart of DuPage County, 30 minutes west of downtown Chicago.   Clover Creek also benefits from its proximity to the Illinois Technology and Research Corridor (ITRC), one of the principal economic centers in suburban Chicago and the home to the headquarters of seven Fortune 1,000 companies.   Clover Creek is located 10 miles west of the ITRC along I-88.  Clover Creek offers a variety of one-, two- and three- bedroom floor plans in seven, four-story and two, two-story buildings on a low-density 34-acre site.   Common area amenities include a swimming pool, playground, soccer field, volleyball court, bark park, and clubhouse with Internet café, fitness center and business center.  With approximately 60% of units still in origina...

DALLAS, TX - McCann Realty Partner and its joint venture partner , The Carlyle Group, acquired Marquis on Cedar Springs, a 165- unit apartment community located in Dallas, TX. The property will be re- branded Radius Turtle Creek .Built in 2001, the four-story, mid-rise property with a below-grade, two- level parking garage is located at 3604 Cedar Springs Road in Dallas, TX. The community is within the exclusive neighborhood of Turtle Creek, and is bound by Uptown and Downtown Dallas to the south and the high- end residential neighborhoods of Highland Park and University Park to the north. Residents are within walking and biking distance to a wide variety of shopping, dining, entertainment and recreational destinations including Katy Trail , West Village, Klyde Warren and Reverchon Parks, the Arts District, the American Airlines Center and Victory Park. The property presents a compelling value-add opportunity. McCann's business plan focuses on repositionin...

We offer our predictions on communities that will rank among the city's most desirable in 2026. Plus a look at developers who are working to make those visions a reality. February 18, 2016 (page 7 of 7) 8 developers with insight who are rethinking our urban neighborhoods   BY DEBRA SMIT G reat neighborhoods — with ample green space , commerce and good housing stock — empower their residents to grow and prosper. Developers are key when it comes to weaving together the physical threads of a community, particularly in urban neighborhoods frayed by years of blight and decay. These are among the developers who are working to revitalize some of the city’s most challenged neighborhoods, striving to be restorers of streets in which to dwell. All have one eye, certainly, on the bottom line. Still, they are well aware of expectations that they give measured consideration to quality of life in the neighborhoods in which they build.   Wi...

Bradenton, FL, November 10, 2011 --(PR.com)-- Sawgrass Cove Apartments , a 336- unit community located in Bradenton, Florida, was recently acquired by Atlas Real Estate Partners and Andover Real Estate Partners . The acquisition represents the first formal partnership between Atlas and Andover. The two firms will work together to grow their Florida multifamily platform over the next 24 months. Greystar is pleased to be working with Atlas Real Estate Partners and Andover Real Estate Partners as they reposition the community. “We are delighted to have the opportunity to manage Sawgrass Cove ,” said Patricia Carney, Regional Property Manager for Greystar. “The community is centrally located minutes from exceptional shopping, dining, Anna Maria Beach & downtown Bradenton. We are very excited about the upcoming upgrades to the amenities and apartments! We are working hand in hand with Atlas and Andover to create a sense of community with regularly scheduled town hall meetings a...

Natalie Marra benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. (Ricky Carioti/The Washington Post) Four years ago, when her apartment building at 1921 Kalorama Road NW in Washington was up for sale, Natalie Marra, a resident for more than 30 years, was determined to stay in the home she loves. “It took almost two years of tough negotiating, but there was a core group of seven of us in the tenant association that worked with a lawyer to make sure our rights were protected,” Marra says. “We negotiated the right to live in our apartments under rent control for the rest of our lives. Believe me, none of us ever plan to move now. Why would we? We have great renovated apartments and low rent.” Marra and her neighbors benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. Elder...

US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...