VERONA, MS – FOURMIDABLE, a national real estate property management and brokerage firm, has announced the opening of Tall Oaks, its newest community, located in Verona, Mississippi.

The Tall Oaks community offers 80 three-bedroom and two-and-one-half bath townhomes with attached garages as part of a newly constructed, energy efficient, community. The units feature fully equipped kitchens with dishwasher, and in-unit washer and dryer. There is also a business center, furnished clubhouse and complimentary Wi-Fi.

“FOURMIDABLE is proud to be part of the city of Verona and looking forward to managing such an upscale community,” said Michael Schocker, President of FOURMIDABLE. “Tall Oaks is going to be a wonderful addition to the community and surrounding area.”

Tall Oaks is being developed in cooperation with the Mississippi Home Corporation under the state’s Low Income Housing Tax Credit program. The general contractor on the project is Winters Construction of Oxford, Miss., and the developer for the community was Tall Oaks East and West 2015, LP.

The first residents of Tall Oaks went into their gorgeous new homes in January. Applications are still being accepted online with preferences being given to veterans. Rental rates are $530 a month. 

While there are income limitations for potential applicants, there are no direct rent subsidies.

FOURMIDABLE also has plans to open another new community in Columbus, Miss. The rental community, Fountain Square, is expected to open in May 2017.

FOURMIDABLE is a national real estate management and brokerage company that specializes in managing, marketing and leasing market rate, tax credit, senior and family government helped, public housing and rural development apartment communities. Founded in 1975, FOURMIDABLE currently manages 87 communities in ten states, with more than 9,256 units under management.

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TAMPA, FL – CalAtlantic Homes, one of the nation’s largest homebuilders, announced the Grand Opening of BridgeHaven, a gorgeous townhome community in the well loved Citrus Park area of Tampa, Florida.

“BridgeHaven’s combination of suburban new home living, right lock-and-leave lifestyle and very manageable price point is a fantastic fit for a range of homebuyers,” said Dave Bulloch, Tampa Division President for CalAtlantic Homes. “It puts young professionals, first-time homebuyers and those looking to downsize at the center of this very active area of Tampa, while maintaining the silent, tree-lined neighborhood environment that homeowners like to come home to.”

BridgeHaven offers three, two-tale townhome designs ranging from 1,597 to 1,807 square feet, all with three bedrooms, two-and-a-half baths and one- or two-car garages. Open floor plans at BridgeHaven flow from generous Fantastic Rooms to large kitchens anchored by center islands. The space flows into a covered lanai allowing homeowners to make the most of Florida’s sunny climate and the neighborhood’s striking backdrop of stunning oak trees. The homes also feature open loft spaces and ample storage.

Residents at BridgeHaven will delight in access to a community pool. Plus, BridgeHaven is just minutes from the shopping, dining and entertainment of the Westfield Citrus Park Mall, Regal Citrus Park 20-screen movie theatre, performing arts destinations and the Upper Tampa Bay Trail, which is paved for walking and biking. BridgeHaven also offers quick and convenient access to the Veterans Expressway, Dale Mabry Highway and other major thoroughfares, and is just 20 minutes from Tampa International Airport.

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SANTA ROSA, CA – San Francisco Bay Area based Praxis Capital, a private equity real estate investment firm, announced the formation of a vertically integrated multifamily platform, designed to provide its investors and tenants with a higher level of service. The expanded multifamily operation will be integrated with the existing Praxis family of companies.

“We are very excited about our expanded multifamily platform,” said Bob Dreher, Senior Vice President / Investor Relations. “Our rapidly growing investor base, the majority of whom have invested in multiple Praxis offerings, will be the direct beneficiaries of this go.” The company is projected to invest $100 million in multifamily properties over a 3 to 4 year period, assembling a national, geographically diversified Workforce Housing Portfolio.

The executive team at Praxis brings more than $6.3 billion of transactional experience in the multifamily sector; including institutional management of more than 90,000 apartment units. 

“We will now be combining our entrepreneurial approach with an institutional infrastructure; sourcing and managing investments directly,” according to Brian Burke, President and CEO, “the result of which will be tighter operational control and more efficient business plot execution.”

Praxis’ Multifamily platform will now offer a fully integrated platform of services that utilize a socially conscious management approach to maximizing property value and performance as it invests, owns, improves and manages Class B & C apartments which offer a value-add component. 

Praxis Capital is a real estate private equity investment firm with over $100 million in assets under management. Praxis is focused on value-add multifamily properties in US growth markets, and brings together discretionary capital and decades of operating experience to unlock embedded value in multifamily real estate. 

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