The 234 Apartment

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

The Los Angeles Dodgers recorded their 90th victory Aug . 24, the fastest any Dodger club has reached that important milestone. If they achieve the projected 116 wins in their 162- game regular season , they’ll go down as one of the greatest baseball teams of all time. Of course, I have two adult children who weren’t alive the last time the Dodgers were even in a World Series so anything short of a ring this time is, well, a loss. This has been a truly magical season, which makes it all the more disappointing that the Dodgers’ covetous ownership continues to snub its fans with its cockamamie cable TV contract scheme . With all these exciting, charismatic, budding and veteran all-stars and their unbelievable exploits, it’s hard to understand why they would willingly write off a generation of new fans. Frankrupt McCourt would approve. It is said that greed is good. The Dodgers are both, and what an unfortunate missed opportunity this year has been. Meanwhile, I told you in my last co...