TAMPA, FL – ResProp Management was selected to provide full-service property management for Seastone and River Rock Luxury Apartments. These neighboring properties are conveniently located between major highways I-275 and US-301, providing simple access to Downtown Tampa, the University of South Florida, local hospitals, and surrounding local attractions.

Combined, Seastone and River Rock represent 160 two and three-bedroom apartments that offer spacious layouts, fully-equipped kitchens, private balconies, and patios. Accompanied by ideal amenities that include resort-style swimming pools and outdoor grilling areas, both Seastone and River Rock are well loved locations for students and residents looking for location and comfort. 

With the recent addition of Seastone and River Rock Luxury Apartments into the portfolio, ResProp Management now manages more than 8,000 units across Florida. This latest addition was made possible through their partnership with Trinity Property Group. 

Jeffry Hirschoff, Principal and Director of Operations for Trinity Property Group says, “We transitioned management of five properties in the southeastern US to ResProp Management earlier this year, and started to see an immediate positive impact. Due to this, we made a choice to transfer an additional four properties to their leadership on June 1. Their professionalism in leasing and maintenance is exceptional, and the dedicated support our properties receive from all levels of management has been very well received.  Although the partnership is new, we are very impressed with the positive results we are seeing at the property level at all locations, and look forward to fantastic results with the four additional properties as well.”

Janice Richards, Senior Vice President of ResProp Management states, “We are excited to continue working with Trinity Property Group and expand our portfolio in the Tampa market. We look forward to being part of the transformation at these properties that we know will elevate the residents living experience.”

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LOS ANGELES, CA – Douglas Emmett, a real estate investment trust (REIT), announced that it has bought The Glendon, a residential community in Westwood with 350 apartments and approximately 50,000 square feet of retail, for a contract price of $365 million.  

Douglas Emmett also announced that it has closed a total of $540 million in ten year, secured, non-recourse loans and sold 4.9 million shares of its common stock at pricing just above $41 per share through its ATM program.

Built in 2008, The Glendon is located at 1060 Glendon Avenue, and sits on 4.25 acres in the heart of pedestrian-friendly Westwood Village in Los Angeles. The property is within simple walking distance of Westwood’s Class A office space (including over 2.1 million square feet owned by Douglas Emmett), UCLA’s world-renowned campus, The Ronald Reagan UCLA Medical Center, and over 300 local shops and restaurants. 

The Glendon common areas were recently upgraded and the property is midway through a total unit renovation, which will be completed by Douglas Emmett. The Glendon’s multifamily units and its ground floor retail are both 97% leased.   

With the acquisition of The Glendon, Douglas Emmett has grown its total multifamily portfolio by over 20% in the last two years to over 4,000 units in West Los Angeles and Honolulu, with more units scheduled for delivery from a robust development pipeline. Douglas Emmett currently holds The Glendon directly but may reduce its capital interest by contributing the property to a consolidated joint venture.

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NOVI, MI – M. Shapiro Development and MJC Companies signaled the grand opening of their newest luxury apartment community with the start of a month long summer celebration. 

“We want people to experience the right essence of luxury living during the height of the summer season,” said Mark Kassab, Senior VP at M. Shapiro Development. “We have taken a completely fresh approach to the design and development process in an effort to bring something unique to the luxury rental market.”

Huntley Manor offers the ultimate privacy with an attended gatehouse entry. The entrance boulevard is marked by stately brick and wrought iron monument walls along Grand River Avenue, west of Meadowbrook Road. The new amenity rich community is located minutes from Twelve Oaks super regional mall with nearly 200 stores and restaurants including Nordstrom, Macy’s, The Cheesecake Factory, Sedona Taphouse and more. 

Huntley Manor will serve a diverse-base of upscale residence in its 203 ultra-luxury apartments. Eight unique floor plans are offered with 2 or 3 bedrooms and 2 or 3 full baths. Each apartment has a private 2-car attached garage with direct access to the individual apartments.

“Given Huntley Manor is set in a very strong growth area with an appetite for luxury, we responded by making a gated community with the highest level of design and amenities. We like to say that no detail was overlooked,” commented, MJC Companies’ Principal, Michael A. Chirco.

Huntley Manor offers eight distinctive floor plans ranging from 1,353-1,820 sq.ft. of living space. Each apartment home features a private covered entry, 9-foot high ceilings, crown moldings, wood style plank flooring, granite countertops, stainless steel kitchen appliances, full-size washer and dryer, kitchen with island or peninsula snack bar, window treatments and private patio or balcony.

“Huntley Manor is in the right place at the right time,” clarified M. Shapiro Development Principal, Mickey Shapiro. “We have experienced unprecedented demand during our pre-leasing marketing campaign. Our attended gate entry, the superior apartment size and a location unmatched for convenience are key to our residents. They won’t settle for anything less.”

Community amenities include a resort-class clubhouse with 24/7 fitness center, residence lounge with a kitchen for entertaining, business center, cyber café with complementary Wi-Fi, heated swimming pool, sundeck and cabana, whirlpool spa, outdoor fireside lounge and more. Huntley Manor is a pet centric community, with certain conditions for dog and cat owners.

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