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 …
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.
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.
HOUSTON — Houston-based developer The Dinerstein Companies (TDC) has launched a build-to-rent (BTR) brand called Inspire Homes. TDC has broken ground on its first two Inspire Homes projects, one in Wildwood, Florida, and the other in Missouri City, Texas. The 192-unit project in Wildwood, approximately 51 miles from Orlando, will be made up of duplexes. The homes will have fenced backyards and detached garage parking. Floor plans will be available in one-, two- and three-bedroom layouts ranging from 685 square feet to 1,445 square feet. The development in Missouri City, …
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