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Leena Plantation in Broward County
Company NewsDevelopmentFloridaNewsOperationsSoutheast

Merrimac Selects Altman to Manage $90 Million Broward County Project

by Lynn Peisner

PLANTATION, FLA. — Merrimac Ventures has selected the Altman Management Co. (AMC), a division of The Altman Cos., to manage Leena Plantation in Plantation. The 306-unit property is under development by Fort Lauderdale-based Merrimac and is scheduled to open this summer. Leena Plantation is comprised of one- to three-bedroom units. The $90 million project broke ground in 2021 and consists of two six-story buildings. Amenities include a club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, a fitness center, a coworking and business center with private offices and …

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Fieldpointe of Schaumburg
Company NewsIllinoisLeasing & MarketingMidwestNewsOperations

RMK Selected to Manage Fieldpointe of Schaumburg

by Lynn Peisner

SCHAUMBURG, ILL. — RMK Management Corp. has been named property manager of Fieldpointe of Schaumburg, a 396-unit community in Schaumburg, Ill., a northwest suburb of Chicago. Fieldpointe comprises 12 three-story buildings and features studio, one- and two-bedroom layouts measuring 548 to 948 square feet. Rents range from $1,382 to $1,950.    The property is pet-friendly and offers a pool, covered or garage parking, bike storage and package services. Capital improvement projects are scheduled at Fieldpointe in the coming months, including a roof replacement and cosmetic updates to shared corridors. Chicago-based …

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A 3D render of Altra Kendall, a white multifamily community behind a pond with a fountain.
Company NewsFloridaGeorgiaNewsOperationsSoutheast

Altman, RAM Partners Form Property Management Partnership

by Channing Hamilton

FORT LAUDERDALE, FLA. — Altman Management Co. (AMC), a subsidiary of Fort Lauderdale-based The Altman Cos., has formed a partnership with RAM Partners. RAM Partners is a full-service third-party residential property management company based in Atlanta. RAM Partners will provide support to AMC’s property marketing, training, business systems and revenue management teams, as well as the firm’s ancillary services department. AMC will continue to handle resident-facing functions such as leasing and property management. AMC currently manages more than 27,000 units across 105 communities.

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Company NewsMidwestMinnesotaNews

Anne Olson Replaces Mark Decker as Centerspace CEO

by Lynn Peisner

MINNEAPOLIS — Anne Olson will replace Mark Decker as chief executive officer of Centerspace (NYSE:CSR). Decker has been CEO since 2017. The board of directors appointed Olson, who is the company’s executive vice president, chief operating officer and general counsel. With Olson’s title change, she will also become a member of the Centerspace board. Decker will continue to serve on the board through the end of his current term in May and will remain an advisor to the company. Olson’s position will become official on March 31. Olson joined Centerspace …

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The Lyric at Norton in Prospect, Kentucky
Company NewsNewsOperationsSoutheast

Capital Square Launches Property Management Group

by Lynn Peisner

RICHMOND, VA. — Capital Square has launched a management division called Capital Square Living. The wholly owned subsidiary will oversee all management functions of the portfolio of 55 assets that the Richmond-based firm either owns and/or has developed. The properties comprise about 14,000 units across the Southeast and Texas. Capital Square Living will begin the phased onboarding of communities in April, providing services that include operations, maintenance, employee development and training, customer service, revenue management, marketing, budgeting, leasing and resident-retention functions. “By internalizing property management, the same management team will …

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A 3D render of Sawyers Walk, a contemporary style apartment building.
Affordable HousingCompany NewsFloridaNewsSoutheast

Coastal Construction Group Launches South Florida Affordable Housing Division 

by Channing Hamilton

MIAMI — Coastal Construction Group, a Miami-based general contractor, has launched an affordable housing division that will focus on workforce, affordable and seniors affordable development projects in South Florida. Hernan Acurio was hired to lead the division. Coastal Construction’s past affordable-housing projects include Poinciana Village in Key West, Florida, and Oasis and Shepherd’s Court in Miami. The firm currently is building Sawyer’s Walk in Miami for The Swerdlow Group. Sawyer’s Walk is an 18-story mixed-use project with 578 rent-restricted studios and one- and two-bedroom apartments reserved for lower-income seniors.

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Company NewsNewsPeople NewsTexas

Revere Capital Hires Will Bohannan as Director of Capital Markets

by Channing Hamilton

DALLAS — Revere Capital has hired Will Bohannan as director of capital markets. Bohannan comes to Revere Capital from Walton Global Holdings, where he served as senior vice president of national accounts. Prior to his career with Walton, Bohannan was senior vice president at ClickIPO, a finance brokerage based in Scottsdale, Arizona, and senior vice president at Torrey Capital, an investment consulting and marketing firm based in San Diego, California. Revere Capital is an institutional private credit manager based out of Dallas. In the fourth quarter of 2022, Revere Capital’s …

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Company NewsNewsWestern

AIMCO Names Dary Stone Chairman of the Board

by Lynn Peisner

DENVER — Apartment Investment and Management Co. (AIMCO), a publicly traded real estate investment trust (REIT) that trades on the New York Stock Exchange under the symbol AIV, has named R. Dary Stone chairman of the board. Stone was first appointed to Aimco’s board in December 2020, serving under various leadership roles. Stone has led several real estate companies throughout his career, including as president and chief operating officer of Cousins Properties. He continues to serve on Cousins Properties’ board as chairman of the nominating and governance committee. His current …

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Company NewsNewsWashingtonWestern

Capstone Cos. Opens Seattle Office

by Channing Hamilton

SEATTLE — Capstone Cos. has opened a multifamily brokerage office in Seattle and hired Evan McLeod and Chris Hardman to lead the team. McLeod and Hardman, whose respective titles are managing director and director, join Capstone from Seattle-based investment sales firm CPX. Prior to CPX, both McLeod and Hardman worked for Marcus & Millichap. Capstone says it will announce additional new office openings in 2023. Last year, the firm opened offices in Salt Lake City, Indianapolis and Huntsville, Alabama.

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Company NewsSouth CarolinaSoutheast

Grace Hill Acquires Two Prop Tech Companies

by Channing Hamilton

GREENVILLE, S.C. — Multifamily software company Grace Hill has acquired Edge2Learn and Ellis Partners in Management Solutions (Ellis).  Financial terms of the transaction were not disclosed. Edge2Learn and Ellis provide e-learning services as well as policy, survey and data services to multifamily property owners and operators. Together, Ellis and Edge2Learn offer approximately 600 online training courses for the conventional, affordable, student and seniors housing markets.  

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