BEAUMONT, TX – Southern Properties Capital, a subsidiary of Transcontinental Realty Investors Inc. (NYSE: TCI), a Dallas-based real estate investment company, announced its most recent multi-family acquisition of Chelsea Apartments in Beaumont, Texas. The US Housing of Urban Development granted approval for the expansion of Southern Properties Capital’s multifamily portfolio in August.

Chelsea Apartments are located in Beaumont, Texas. Built in 1999, the property offers 8 different one, two, and three bedroom floor plans ranging from 618-1239 square feet. The 144 unit garden style community is comprised of 10 two-tale residential buildings atop 6.81 acres of land. Chelsea Apartments offer a distinctive, silent living environment with quick and convenient access to Interstate 10.

Beaumont-Port Arthur is home to impressive biodiversity and historical significance as the town boasts the first major oil discovery in Texas. Benefits from the constant expansion of the energy industry and petrochemical industry construction is a major economic driver for the area. Visitors delight in outdoor activities including fishing, hunting, birding, paddling, as well as fine dining, several theaters and music venues. The city is currently celebrating its 180th birthday.

“We are excited to add such a well-positioned and gorgeous asset to our portfolio,” stated CEO and President Daniel J. Moos. “We have several similar opportunities for expansion on the horizon.”

Transcontinental Realty Investors maintains a strong emphasis on making greater shareholder value through acquisition, financing, operation, development, and sale of real estate across every geographic region in the United States. A New York Stock Exchange company, Transcontinental is traded under the symbol “TCI”. Transcontinental produces revenue through the ownership and professional management of income producing apartments and office buildings that are “undervalued” or “underperforming” at the time of acquisition. Value is added under Transcontinental ownership, and the properties are repositioned into higher classifications through physical improvements and improved management. Transcontinental has dramatically expanded its development capabilities associated with luxury apartment homes through its wholly owned subsidiary Abode Properties, principally on land it owns or buys.

Southern Properties Capital operates primarily in Texas and specializes in Class A multifamily assets in emerging markets throughout the Southern United States, corresponding with both sustainable and viable economic growth activity. The issuing entity is backed by over 3,000 multi-family units (out of a total of approximately 8,000 owned and operated by TCI), as well as over 1.5 million square feet office buildings in Texas. The company has already used funds to buy additional multi-family assets within its strategic footprint, and expects significant expansion by continuing to utilize the Israeli bond platform.

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SCOTTSDALE, AZ – Multifamily Leadership, producers of the Best Places to Work Multifamily Program, the Multifamily Leadership Summit, and the Multifamily Leadership Podcast, is excited to announce the inaugural Multifamily Women’s Summit. Entering its fifth successful year, the Multifamily Leadership Summit is expanding its efforts to unchartered territory, offering an educational event that focuses exclusively on women in the multifamily housing industry. The summit takes place on March 20-21, 2019 in Scottsdale, Arizona. 

The Multifamily Women’s Summit will feature vital, relevant discussions conducted by leading experts of various fields, which will allow women to strengthen their professional network, expertise, and influence. The summit will also cater to men who want to better know the vital role women play as executives, associates, and team members. Co-Founders of the Multifamily Leadership Women’s Summit, Patrick and Carrie Antrim, have a vision to make a larger and better future for women within the multifamily housing industry, and it starts with this inclusive summit. 

As Carrie Antrim clarifies, “The ultimate goal of the Multifamily Women’s Summit is to host a space where women can share and incubate thoughts with their fellow industry partners — all on an even playing field. As with the annual Multifamily Leadership Summit, the Multifamily Women’s Summit will offer a new model for industry professionals to transform their career with a thought-based platform, which encourages innovation and brainstorming of thoughts to solve challenges women face in the workplace today. It will be an unprecedented space within the multifamily industry due to its focus on women and their ingenuity.” 

This new event is part of a larger plot to advance women’s leadership throughout every aspect of the industry with the end-goal of sharing expert content through print-based materials, social media, and even a special segment on the current Multifamily Leadership Podcast. With the popularity of mobile reaching an all-time high, the podcast aims to reach hardworking, on-the-go industry leaders who are looking to take the multifamily industry to new heights. 

Patrick Antrim added, “Looking back at our Best Places to Work Multifamily program, it is evident these forward-thinking brands already know the crucial role they play within their communities and workplaces. I am inspired by what these companies are doing to make healthy organizations that everyone wants to be a part of, and we can only hope to continue their progress by hosting this much-needed summit.” 

Attendees of the Multifamily Women’s Summit will participate in discussions that will elevate women and their role within the industry, while showcasing how they will continue to shape the future of the business itself.

Registration for the summit is available at MultifamilyWomen.com 

The vision of the Multifamily Women’s Summit is to make a better future for the women within the multifamily housing industry through elevating their personal and professional transformation. The summit will deliver a premier industry event with notable thought-provoking speakers, informal peer-to-peer discussions, and unparalleled educational content inside an exclusive networking environment.

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INDIANAPOLIS, IN – JVM Realty, a leading vertically integrated multifamily real estate investment and property management firm, announced it has completed renovations to the common areas of Circa Apartments, a 265-unit luxury apartment community in downtown Indianapolis.

“We are extremely excited about what these improvements will bring to this already outstanding community in downtown Indy,” said Jay Madary, president and CEO of JVM. “When you combine these updated common-area features with our marketing and revenue management capabilities, we believe the stage is set for Circa to perform extremely well over the long term and deliver strong returns.”

Among the new features at Circa: an expanded off-leash pet park, a new pet-washing station, an automated package room with 24-hour access, an upgraded fitness center, a co-working lounge, a rent-by-the day workstation/conference room and a new custom-designed one-bedroom model unit. The renovations also include a redesigned clubhouse with billiards table, new mid-century-style furniture for the resident lounge, and new modern-style furniture for the pool and sundeck.

Located in the Mass Ave Arts District, Circa sits in what is considered the premier entertainment corridor in Indianapolis. With more than 60 restaurants, bars and retailers in the surrounding area, the community’s residents delight in an urban, highly walkable neighborhood with a professional, modern atmosphere. Circa is also near the Indiana Avenue Cultural District, which is home to the thriving Indiana University-Purdue University Indianapolis campus, and Fountain Square, a quirky neighborhood filled with vintage shops and hip destinations. The community also provides simple access to Interstates 70 and 65.

Circa is located on the site of the original Mitchel & Scott Machine Company. Four contemporary buildings envelope tree-lined paths and the original two-tale structure.

The community offers studio, one-, two- and three-bedroom apartment homes. The apartment homes have an open and airy design, wood flooring, in-unit full-size washers and dryers, and gourmet kitchens with sleek quartz countertops and contemporary lighting fixtures.

Community amenities include a saltwater pool with sundeck, complimentary Wi-Fi in all common areas, and an outdoor kitchen with grilling stations and a fireplace.

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