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Leasing & Marketing

River Rock Apartments in Mishawaka, Indiana
IndianaLeasing & MarketingMidwestNews

DMG Takes Over Management Services at River Rock Apartments in Mishawaka, Indiana

by Channing Hamilton

MISHAWAKA, IND. — Daniel Management Group (DMG) has been selected to manage River Rock Apartments, an 88-unit community in downtown Mishawaka. The complex offers units in studio, one-, two- and three-bedroom layouts. Amenities include a fitness center, billiards room with a pool table and TVs, business center, conference room and an outdoor space with a courtyard, BBQ grills, firepits and a picnic area. River Rock Apartments is the first community DMG has been awarded management of in the state of Indiana.

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Bacara in Wildomar, California
Company NewsDevelopmentLeasing & MarketingNew YorkNewsNortheastOperations

Blackstone to Acquire Tricon Residential for $3.5 Billion, Plans to Take Company Private

by Channing Hamilton

NEW YORK CITY AND TORONTO — Affiliates of Blackstone (NYSE: BX) have entered into an agreement to acquire Canadian owner-operator Tricon Residential (NYSE: TCN) for $3.5 billion. The deal is expected to close in the second quarter and will take Tricon Residential private. Blackstone will acquire all outstanding shares of Tricon’s common stock for $11.25 per share in cash. The per-share price represents a 30 percent premium over Tricon’s closing stock price on Thursday, Jan. 18 and a 42 percent premium over the weighted average share prices of the last 90 …

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GeorgiaLeasing & MarketingNewsPeople NewsSoutheast

PeakMade Real Estate Selects Sam Owens as Vice President of Multifamily Operations

by Channing Hamilton

ATLANTA — Atlanta-based PeakMade Real Estate (PeakMade) has promoted Sam Owens to the role of regional vice president of multifamily operations. In this role, Owens will be responsible for overseeing all property operations, client relations and regional managers for PeakMade’s multifamily portfolio. Owens has worked with PeakMade for over 12 years. She began her career as a part-time leasing consultant and has served in on-site leadership roles such as leasing manager, assistant manager and property manager. Most recently, she worked as a regional manager for three years, supporting operations for …

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Village of Chandler in Chandler, Arizona
ArizonaBuild-to-RentDevelopmentLeasing & MarketingNewsWestern

TruVista Development Begins Leasing 109-Unit Build-to-Rent Community Near Phoenix

by Channing Hamilton

SOUTH CHANDLER, ARIZ. — TruVista Development has begun leasing Village of Chandler, a 109-unit build-to-rent community in the Phoenix suburb of Chandler. Located at 6075 S. Gilbert Road, Village of Chandler features one-, two- and three-bedroom units. Amenities include a pool, dog park, outdoor workout stations, barbeque grills, walking trails, detached garages and private backyards with pet-friendly doors. The community is currently 33 percent leased and is managed by MEB Management Services.

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Build-to-RentDevelopmentLeasing & MarketingNewsPeople NewsTexas

Cushman & Wakefield Selects Jeremy Edmiston as Executive Director of U.S. BTR/SFR Sector

by Channing Hamilton

DALLAS — Cushman & Wakefield has promoted Jeremy Edmiston to the role of Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this position, Edmiston will collaborate with Cushman & Wakefield’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions to clients. He will be based in the firm’s Dallas office. 

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The operations panel at the 2023 InterFace Multifamily Southeast conference.
FeaturesGeorgiaLeasing & MarketingNewsOperationsSoutheast

Multifamily Operators Had to Work Smarter, Harder This Year, Say InterFace Panelists

by Channing Hamilton

ATLANTA — Shortened attention spans and the desire for instant gratification are a couple of the changing consumer behaviors that impact the multifamily operations industry. Karen Key, a president with Houston-based Asset Living, said that 75 percent of consumers expect a response time in less than 24 hours from a business. Twenty percent expect a response time within minutes. “If you’re missing that mark and someone else is responding to them, whether it’s a client, prospect or resident, you’ve lost them. They’re gone.” Key’s remarks came during the operations panel …

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Jefferson Cedar Ridge in Dallas
DevelopmentLeasing & MarketingNewsTexas

JPI Begins Leasing 360-Unit Jefferson Cedar Ridge in Dallas

by Channing Hamilton

DALLAS — JPI has begun leasing Jefferson Cedar Ridge in located near the southwest corner of Interstate 20 and Cedar Ridge Drive in Dallas. The development is located less than four miles from the Cedar Ridge Preserve, a 603-acre nature preserve. According to Apartments.com, the complex features 360 units in one-, two- and three-bedroom layouts. Amenities include a fitness center, clubhouse, business center, pet play area and EV chargers.

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ArizonaDevelopmentLeasing & MarketingNewsWestern

Sanders and Amos Begins Pre-Leasing $50 Million Single-Family Rental Community in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Sanders and Amos has begun pre-leasing Casitas Catalina in Tucson. The $50 million project offers 194 single-family rental units on a 19-acre site. Units come in one-, two- and three-bedroom floor plans with pre-installed Wi-Fi, covered parking and personalized door keys. The developer expects to complete the project in early 2024. The first move-ins are slated for December 2023. MEB Management Services will serve as the property manager.

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FeaturesFinanceIllinoisLeasing & MarketingMidwest

Origin Investments: Annual Class-A Multifamily Rent Growth Will Return to Positive Territory by January 2025

by Channing Hamilton

CHICAGO — Chicago-based Origin Investments forecasts that year-over-year national Class-A apartment rent growth will normalize by January 2025 and range from 2 to 3 percent, in keeping with historical rent growth averages. However, Origin also cautions that “unquantifiable risks” loom large over the market and could have broad implications for multifamily properties. The findings are from the company’s Multilytics Rent Growth Forecast Report. “The return to normalization has been expected because the rent growth levels of 2021 and 2022 were unsustainable. We are now paying for the distortions of the …

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Leasing & MarketingNewsOperationsPeople NewsTexas

Allied Orion Group Selects David Nargang as President of Property Management Division

by Channing Hamilton

HOUSTON — Allied Orion Group has named David Nargang as president of the company’s property management division. In this position, Nargang will oversee the daily operations of the firm’s property management portfolio, which comprises more than 35,000 units across the nation. He will also supervise the property management team. Prior to joining Allied Orion Group, Nargang also served as president at McCormack Baron Management, where he oversaw the management of more than 23,000 multifamily units across 26 states. He has held senior positions at various organizations such as NRP Group, …

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