Thursday, April 7, 2016

The Habitat Company Establishes Major Presence in Southeast U.S. Apartment Market


Matthew Fiascone
CHICAGO, IL  – The Habitat Company, a leading multifamily property developer and manager, today announced it has added more than 5,000 units to its national management portfolio after securing assignments for 12 rental communities in Alabama and Florida since November 2015.

The recent additions to Habitat’s portfolio include seven communities comprising nearly 3,600 units in Birmingham, Ala., and five properties totaling nearly 1,400 units in Tampa, Fla. 

The assignments expand the Chicago-based company’s national management portfolio to more than 25,000 residences, the highest number in the company’s 45-year history.

“In a span of just four months, we’ve been able to expand our management portfolio by 25 percent while establishing a strong foothold in two very dynamic markets with favorable supply and demand fundamentals,” said Matt Fiascone, president of The Habitat Company.

“Having boots on the ground in Tampa and Birmingham will better position us to evaluate and pursue additional opportunities, not only in these cities, but in others throughout the Southeast U.S.  – whether via acquisition, development or property management.”


Sheila Byrne

The newest addition to Habitat’s management portfolio is the 340-unit Wildwood Acres in Tampa. The community, which is owned by a venture led by Texas-based Goff Capital Partners L.P., includes a mix of one-, two-, three- and four-bedroom units ranging in size from 700 to 2,400 square feet. It is one of six communities in the Tampa area managed by Habitat, which has had a presence in the market since 2012.

“The Southeast U.S. presents a tremendous growth opportunity,” said Sheila Byrne, executive vice president of property management at The Habitat Company. 

“As we continue to expand our footprint in the Southeast, we are committed to leveraging our national development and management experience to provide the highest possible level of service to our clients and the residents who call these communities home, operating each property as if it were our own.”



For a complete copy of the company’s news release, please contact:

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

John Holden, jholden@taylorjohnson.com, 312.267.4538

No comments: