Saturday, June 25, 2011

Marcus & Millichap Sells 91-Unit Student Housing Community in Florida

GAINESVILLE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of The Courtyards (top left photo), a 110,597-square foot, 375-bedroom student housing community in Gainesville.

Dorothy Jackman (middle right photo), a vice president investments and Travis Prince (lower left photo), a senior associate, both in the firm’s Tampa office, represented the seller, Trimark Properties. The buyer is an owner/developer operating in Florida.

“The Courtyards occupies irreplaceable real estate directly across the street from the University of Florida,” says Jackman. “The buyer will operate the property for a period of time but will ultimately redevelop the site into a mixed-use asset.”

The Courtyards is a dorm-style student housing community situated on a split site. The unit mix features one two-bedroom/1.5-bath flat, one two-bedroom/one-bath townhome, eight four-bedroom/1.5-bath flats, 66 four-bedroom/1.5-bath townhomes and 15 five-bedroom/1.5-bath flats.

The units are fully furnished with newly remodeled kitchens, oversized living rooms, balconies or patios a. All utilities, plus cable and Internet, are included in the monthly rent. Many of the apartments overlook a large center courtyard swimming pool.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Marcus & Millichap Capital Corp. Names Jason Dean as an Associate in Indianapolis Office

INDIANAPOLIS, June 24, 2011 – Marcus & Millichap Capital Corporation (MMCC) has named Jason Dean (top right photo) as an associate in the firm’s Indianapolis office, according to William E. Hughes, senior vice president and managing director of MMCC.

“Jason has an impressive track record of arranging commercial real estate financing in the Midwest,” says Hughes. “He brings well-rounded experience in arranging debt and equity finance transactions for a variety of property types, including office, retail and multifamily to his new position.”

Prior to joining MMCC, Dean was a financial advisor at Morgan Stanley Smith Barney LLC. He is the founder and proprietor of Access Financial LLC and has held sales manager positions at Monon Mortgage Corp. LLC and Forbes Mortgage Corp.

Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation,
(925) 953-1716

MAA Announces Apartment Acquisition in Jacksonville, FL

MEMPHIS, TN, /PRNewswire/ -- MAA(NYSE: MAA) announced today that it has completed the acquisition of Tattersall at Tapestry Park (top left photo), a 279-unit upscale apartment community located in the highly desirable Southeast sub-market of Jacksonville, Florida.

The price was not disclosed.

The acquisition was funded by common stock issuances through MAA's at-the-market program and borrowings under our current credit facilities.

The community is located between the beaches and downtown Jacksonville and offers close proximity to a number of major employers in the area including the regional corporate headquarters of Fidelity National Financial and CSX. The area is also home to two of Jacksonville's top employers: Blue Cross & Blue Shield and Merrill Lynch.

Commenting on the announcement, Al Campbell, EVP and CFO said, "We are very pleased to expand our portfolio in the Jacksonville market to include Tattersall at Tapestry Park. Jacksonville is North Florida's employment hub and home to the largest deepwater port in the South. We believe Jacksonville will continue to offer strong leasing fundamentals for the foreseeable future."

Contact: : Investor Relations of MAA, +1-901-682-6600,

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