The 234 Apartment

AvalonBay Communities, Inc. (NYSE:AVB) Q2 2017 Earnings Call August 03, 2017 1:00 pm ET Executives Jason Reilley - AvalonBay Communities, Inc. Timothy J. Naughton - AvalonBay Communities, Inc. Sean J. Breslin - AvalonBay Communities, Inc. Matthew H. Birenbaum - AvalonBay Communities, Inc. Kevin P. O'Shea - AvalonBay Communities, Inc. Analysts Nicholas Joseph - Citigroup Global Markets , Inc. Nick Yulico - UBS Securities LLC Richard Allen Hightower - Evercore ISI Juan Sanabria - Bank of America Merrill Lynch Andrew T. Babin - Robert W. Baird & Co., Inc. Austin Wurschmidt - KeyBanc Capital Markets , Inc. Dennis Patrick McGill - Zelman & Associates Wes Golladay - RBC Capital Markets LLC Alexander Goldfarb - Sandler O'Neill & Partners LP Vincent Chao - Deutsche Bank Conor Wagner - Green Street Advisors , LLC Richard Hill - Morgan Stanley & Co. LLC Robert Stevenson - Janney Montgomery Scott LLC Operator Good morning, ladies and gentlemen, and welcome to AvalonBay...

A Macon apartment development sitting on 50 acres with a pond in the center of the site has been sold to an Atlanta company. Kenilworth Manor, formerly known as Crystal Lake Apartments , on Crystal Lake Circle , has been bought by Crown Bay Group , according to a news release. The company has already change the name back to Crystal Lake Apartments . “This is a very interesting property and we are very excited to bring it back to a high standard,” Crown Bay CEO Steve Firestone said in an email. Work on the properties has already begun and “some big improvements” should be seen soon, he said. Kenilworth Manor is comprised of an 11- story apartment block , a five- story midrise block as well as a mix of two- story garden apartments , townhouses and “even a cluster of odd cubed-shaped single-story houses,” the release said. “This was built as a cutting edge dynamic community project at the time, but has gone into some disrepair over the years.” The buildings are surrounded by trees wit...

ORANGE — As Chapman University helps students move in this week, it will be housing 37 percent of its undergraduates on campus, while many more will spread out into rented rooms and houses in nearby Old Towne Orange neighborhoods . Within four years, the university expects to have 48 percent of its students living in dorms, one project away from meeting Chapman President Daniele Struppa ’s commitment to the community to get half of its students into campus-controlled housing and out of neighborhoods. For years, college life and neighborhood serenity haven ’t always mixed. The volume of residents’ complaints growing until Chapman paused expansion plans in 2015 to first address the friction. Struppa took over the reins at Chapman last year as neighbors’ frustration with parties, noise, parking and bad behavior peaked . He assured residents that getting more students into campus-run housing would be one of his first priorities. Chapman University bought property adjacent to its Pather...