Thursday, February 20, 2025
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Daniel Levin
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Habitat Co. Founder Daniel Levin Dies at Age 94

by Channing Hamilton

CHICAGO — Daniel Levin, founder and chairman of Chicago-based developer and property manager Habitat Co., has passed away at the age of 94. Levin founded the company in 1971 to manage a series of housing projects totaling 25,000 units across several states, including South Commons, a 28-acre urban renewal project on Chicago’s South Side. Habitat now has $3 billion in assets and 10,000 units under management. Levin began his career as a lawyer at a small firm in Detroit, where he represented the Chicago-based developer of Lafayette Park, a 78-acre mixed-use …

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Company NewsNewsNortheastPennsylvaniaPeople News

Pennrose Appoints Timothy Henkel as CEO, Charlie Adams as President

by Channing Hamilton

PHILADELPHIA — Pennrose, a Philadelphia-based developer and operator of affordable and mixed-income housing, has appointed Timothy Henkel as CEO. Henkel, who formerly served as president, will oversee the company’s development and property management activities across 17 states, the District of Columbia and the Caribbean. As part of the succession plan, Executive Chairman of the Board Richard Barnhart and CEO Mark Dambly have transitioned from day-to-day responsibilities with the organization to active members of the Pennrose board. Additionally, Pennrose has named Charlie Adams as president of development. In this role, Adams will …

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Company NewsInvestment SalesNewsPeople NewsTexas

Franklin Street Launches Multifamily Investment Sales Division in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Franklin Street, a commercial real estate services firm based in Tampa, has launched a multifamily investment sales division for Texas markets. Patrick Strake will lead the new business unit, which will operate as a seven-person team from Franklin Street’s existing office in Austin. The Austin office opened approximately a year ago and now consists of roughly 20 professionals who also offer services for land, office and industrial verticals.

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Company NewsNewsPeople NewsTexas

Dominium Appoints Mark Moorhouse, Kyle Hansen as Co-CEOs

by Channing Hamilton

DALLAS — Dominium, an affordable housing developer and owner-operator based in Dallas, has selected Mark Moorhouse and Kyle Hansen to share leadership responsibilities for the company as co-CEOs. The move comes as senior managing partner Paul Sween becomes chairman of Dominium’s board of directors. In his new position, Sween will oversee the board of directors and set its agenda. He will continue to serve as a partner in the firm. Moorhouse and Hansen will work in partnership to lead the overall strategy and direction of the company. Moorhouse will continue …

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RMK Management Corp. is now the property manager of The Raven Residences in Chicago’s Ravenswood neighborhood, on the north side of the city.
Company NewsIllinoisMidwestNews

RMK Management Corp. Named Property Manager for The Raven Residences in Chicago

by Lynn Peisner

CHICAGO — RMK Management Corp. has been named property manager for The Raven Residences, a transit-oriented rental community at 4733 N. Wolcott Ave. in Chicago’s Ravenswood neighborhood. Adjacent to the Ravenswood Metra station and walkable to the CTA’s Damen Brown Line stop, the property features 167 apartments and townhomes across two four-story brick buildings. The Raven was developed by Harlem Irving Cos. in 2023 and is currently 93 percent leased. Rents at The Raven start at $1,777 per month.

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Company NewsFloridaNewsPeople NewsSoutheast

Eagle Property Capital Adds Barry Chase as Partner, Managing Principal

by Channing Hamilton

MIAMI — Barry Chase has joined Eagle Property Capital (EPC), a Miami-based investment manager specializing in workforce housing, as a partner and managing principal. In this role, Chase will be responsible for co-leading EPC’s strategy and execution, as well as enhancing investment policies and procedures and contributing to new product offerings. Prior to joining EPC, Chase was one of the founders and served as the CEO and executive chairman of Belay Investment Group. Additionally, he has held senior executive positions at Koll Development, Cushman Realty Corp. and CT Realty. Since …

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Abode at Greenway
Build-to-RentCompany NewsNewsNorth CarolinaOperationsSoutheast

RKW Residential Tapped to Manage Three Charlotte Properties

by Lynn Peisner

CHARLOTTE, N.C. — RKW Residential has been selected to manage three properties in Charlotte. The properties include Abode at Reid’s Cove (95 units) and Abode at Greenway (90 units), two build-to-rent (BTR) communities owned by Edgewood Ventures. The third property, Axis Berewick, is a 266-unit traditional multifamily asset owned by Welltower. RKW also manages Welltower’s Charlotte properties Solis Midtown and Solis Millennium. The firm now manages or consults on approximately 5,000 BTR units nationwide, with a concentration in Sun Belt and Midwest markets.

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Company NewsGeorgiaLeasing & MarketingNewsOperationsPeople NewsSoutheast

RKW Tapped to Manage Atlanta Property, Hires New Regional Manager

by Lynn Peisner

DULUTH, GA — Westplan has selected third party management firm RKW Residential to lease and manage Accent Suwanee Creek near Atlanta. The 253-unit property is made up of one-, two- and three-bedroom units. RKW also has hired Sean Shalpan, formerly a regional manager with Greystar, to support RKW’s growth throughout Georgia. RKW is headquartered in Charlotte with regional offices in Miami, Orlando, Florida, Atlanta and Raleigh, North Carolina. The company manages approximately 30,000 multifamily and build-to-rent units in eight states.

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Company NewsMidwestNewsOhioOperations

TCAM Asset Management Rebrands as MRI Asset Management Services

by Channing Hamilton

SOLON, OHIO — TCAM Asset Management, an affordable housing service provider that was acquired by Solon-based property technology firm MRI Software in 2018, is rebranding as MRI Asset Management Services. The company will continue to provide asset management and consulting services to developers, owners and funders of affordable housing. TCAM Asset Management, now MRI Asset Management Services, was originally established in 2009. The company serves clients for roughly 1,600 properties and 176,000 apartments across 48 states, Washington, D.C. and Puerto Rico.

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Company NewsInvestment SalesNewsPeople NewsTexas

Cityview Hires Quinn Konitshek as Director of Acquisitions

by Channing Hamilton

DALLAS — Cityview has hired Quinn Konitshek to the role of director of acquisitions. In this position, Konitshek will help the investment management and development firm expand its pursuit of stabilized and ground-up acquisition opportunities throughout the southwestern United States, with particular focus on Texas, Arizona and Colorado. Konitshek will be based in Cityview’s newly opened office in Dallas. He will report to Damian Gancman, who was recently promoted to the role of chief investment officer. Prior to joining Cityview, Konitshek sourced multifamily transactions across Texas and the southwestern United …

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