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Milestone Apartments REIT Completes US$74.0 Million Acquisition of Shadow Creek Apartments in Houston

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 ...

People and Property: NH Real Estate and Construction News Rundown - New Hampshire Business Review

CLD Engineers acquired by Conn. firm, Hoefle joins Two International Group … and more By NHBR Staff Published: August 9, 2017 Shown at the official ribbon-cutting to mark the opening of the NH Liquor Commission ’s newest Liquor & Wine Outlet in Warner are, from left: T.A. Demoulas of Market Basket; David Swisher, manager of the Warner NH Liquor & Wine Outlet; Nicole Brassard Jordan , NHLC’s director of marketing; Executive Councilor Andru Volinksy ; John Matthews of Market Basket; Arthur Demoulas, CEO and Market Basket; NHLC Deputy Commissioner Michael Milligan ; NHLC Chairman Joseph Mollica ; former Warner Selectman David Hartman ; Tony Maiola, former NHLC commissioner ; former NH Rep. David Karrick; NH Rep. Clyde Carson; and David St. Hilaire, NHLC’s chief operating officer . Opera North has received a $150,000 grant from the Northern Border Regional Commission to renovate the main house on Blow-Me-Down Farm, across from the Saint- Gaudens National Historic Site in Concord....

Tenants Return To Renovated Billings Forge Complex In Hartford

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Renovations are complete on 113 units at the sprawling Billings Forge complex , where tenants returned to find fresh paint , new appliances and soaring windows. The monthslong effort to upgrade the apartments, hallways and lobby in the former mill building on Broad Street concluded this year. Residents who had relocated temporarily were able to move back home last winter. Some who occupied older units moved into new ones. New kitchens, bathrooms, doors and windows were installed in the apartments, and modern appliances were added. New flooring was laid in the hallways, and the lobby received a face-lift. The $19. 8 million project , backed by a mix of state funds, federal and state tax credits , low income historic tax credits and aid from the Connecticut Housing Finance Authority , took about 19 months to finish. The mixed- income complex is 95 percent full, officials said, and is in the process of accepting new tenants. One hundred and two of its units are deemed “affordable hou...