The following is a selection of media placements for Great Ink clients and a summary of each.
Client
FirstService Residential
Date
February 16, 2022
Kelly Dougherty promoted to President of FirstsService Energy, FirstService Residential’s Energy & Sustainability Group
summary
Kelly Dougherty has been named president of FirstService Energy, the sustainability and energy management arm of FirstService Residential, the leading manager of residential communities in North America. Kelly is tasked with leading environmental change by improving energy efficiency and reducing water consumption, ultimately with the goal of reducing operating costs and harmful carbon emissions across FirstService Residential’s extensive property management portfolio.
Client
Waterton
Date
February 15, 2022
Why garden apartments have growing institutional appeal
By Kyle Campbell
summary
A PERE article focuses on the competition for garden-style apartments, citing a price surge for existing garden apartments. Waterton, a Chicago-based multifamily specialist, is investing in ground-up development across the Sunbelt corridor, unique from its traditional activity as a value-add fund manager. Waterton’s CIO Rick Hurd is quoted.
Client
Waterton
Date
January/February 2022
Affordable housing US: A double-edged sword for investors
By Vanessa Drucker
summary
This article focuses on a unique set of challenges faced by investors of multifamily properties during the pandemic, weighing social compassion against economic realities. During the COVID-19 rent moratorium in the US, institutional residential owners had to balance income protection with ESG considerations. David Schwartz, CEO of Waterton, and Caroline Vary, senior managing director of asset management at Jonathon Rose Companies, talk with Vanessa Drucker.
Client
RADCO Companies
Date
February 15, 2022
Radco kicks off acquisition drive
summary
Real Estate Alert reports RADCO Companies’ acquisition of 1080 West Peachtree Street NW in Midtown Atlanta for $131 million. The 320-unit luxury apartment property is 95% occupied and its name will be changed to M by Radius from Skyhouse Midtown. This deal marks RADCO’s first in an effort to shift its focus toward urban multifamily and away from suburban workforce housing.
Client
Castle Lanterra Properties
Date
February 14, 2022
Everett’s Lumen Apartments Sell for $38.75MM
By Meghan Hall
summary
Castle Lanterra Properties sold the Lumen Apartments at 1315 Pacific Avenue in Everett, Washington for $38.75 million. Built in 2011, the 108-unit complex offers a mix of studios, one- and two-bedroom apartments ranging in size from 408 to 917 square feet, according to Apartments.com. Rents begin at just under $1,200 per month. Castle Lanterra Properties owns 7,500 units across 19 properties. It typically targets well-located, high-quality and cash-flowing communities in strategic markets.
Client
FirstService Residential
Date
February 14, 2022
Deals of the Day: Feb. 14
By Eddie Small, Natalie Sachmechi
summary
FirstService Residential, North America’s largest property management firm, signed a new, 48,000 lease at Beacon Capital Partners’ 575 Fifth Avenue in NYC. Mark Friedman of Colliers represented the tenant. The landlord was represented in-house.
Client
RAL Companies
Date
February 14, 2022
Long in planning and now developed, $225M Broadridge leases up
By Natalie Kostelni
summary
Broadridge, RAL Companies’ $225 million apartment complex at 1300 Fairmount Ave. in Philadelphia, reached the 95% leased milestone just eight months after the marketing began.
Client
Hines
Date
February 10, 2022
Four big landlords get paid to model green retrofits
By Suzannah Cavanaugh
summary
Empire State Realty Trust, Hines and affordable housing providers Omni New York and L+M Development Partners are slashing emissions at seven buildings through a combination of retrofits and carbon offsets — off-site investment in carbon-reducing projects such as wind farms. The four have also committed to replicating the energy-saving solutions across their combined 37 million square feet of buildings, to help serve as a blueprint for other landlords in the city. The article also references Hines’ upgrades at 345 Hudson Street and its plan to merge it with 555 Greenwich Street, one of the most sustainable office buildings.
Client
Marx Realty
Date
February 10, 2022
Marx Realty Acquires Georgetown Office Building in $28M Deal
By Keith Loria
summary
Marx Realty has acquired a 110,000-SF office building in Washington, D.C.’s Georgetown neighborhood from JBG SMITH for $27.7 million. The six-story building at 2121 Wisconsin Avenue has experienced active leasing, including the expansion of Nexstar Media Group to 28,766 SF on the full third floor and part of the first floor. Another tenant is CommuniKids, a language immersion preschool, which occupies 8,900 square feet on the first floor.