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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AUSTIN, TX – Preferred Apartment Communities announced the sale of McNeil Ranch, a Class A multifamily community built in 1999 and located in Austin, Texas. Preferred Apartment Communities sold McNeil Ranch for yucky proceeds of approximately $30,000,000.

Preferred Apartment Communities plans to utilize the net proceeds for working capital purposes including reducing the outstanding balance under its revolving line of credit facility, acquisitions, real estate loan investments and general corporate purposes.  

McNeil Ranch offers a rare combination of resort style amenities, classic architecture, and a superior location. Conveniently located just minutes from fine dining and shopping, McNeil Ranch is in close proximity to some of the most prestigious golf courses, parks and resort amenities you can in the Austin market.

“The sale of McNeil Ranch, our oldest multifamily asset, enables us to recycle capital into other strategic investment opportunities,” said Jeff Sherman, Executive Vice President and Director of Multifamily Investments for PAC.   Mr. Sherman added, “The outstanding average annualized return and gain on the sale of this asset continues to demonstrate the Company’s ability to buy, operate and dispose of assets in an effort to maximize returns to our stockholders.”

The property achieved an average annualized return of approximately 18% and generated a gain on sale of approximately $13.8 million.  

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