Wednesday, March 15, 2017

Four Draper and Kramer Properties Named SatisFacts Resident Satisfaction Award Winners

Julie Johnson
CHICAGO, IL (March 15, 2017) – Draper and Kramer, Incorporated, a full-service national real estate firm, is pleased to announce four rental communities from its management portfolio were named 2016 Resident Satisfaction award winners by SatisFacts, the multifamily industry’s premier authority on resident satisfaction and retention.

“As a firm with a 124-year history, Draper and Kramer has a long and proven track record of delivering best-in-class residential experiences at our properties,” said Julie Johnson, senior vice president and director of management services for Draper and Kramer.

 “These Resident Satisfaction awards are a direct result of our team’s ongoing commitment to providing the highest level of customer service across our entire portfolio. The feedback and data we receive through SatisFacts is invaluable as we look for new and innovative ways to differentiate a Draper and Kramer community from others in the market.”

The four Draper and Kramer properties recognized for achieving high scores on SatisFacts surveys include:

1130 South Michigan Apartments, South Loop, Chicago, IL
 ·                     1130 S. Michigan, a 656-unit high-rise in Chicago’s South Loop neighborhood featuring studio, one- and two-bedroom rental
  •                     Grand Plaza (530 N. State St.), a 482-unit luxury property in Chicago’s River North neighborhood offering studio, convertible, one-, two- and three-bedroom apartments
  •  ·                     1350 N. Lake Shore Drive, a 740-unit property in Chicago’s Gold Coast with studio, one- and two-bedroom rentals
  •  ·                     Southfork Rental Townhomes, a 272-unit rental community in Lakeville, Minn., featuring one-, two- and three-bedroom residences

One of the largest property management firms in Chicago, Draper and Kramer has a national residential management portfolio of more than 10,000 rental units across Chicago, St. Louis, San Antonio and Minneapolis, as well as 25,000 condominium residences throughout Chicago.
  For a complete copy of the company’s news release, please contact:

Sarah Lyons,, (312) 267-4520
Abe Tekippe,, (312) 267-4528

HFF closes on sale of SpringHill Suites hotel in Gainesville, FL

Springhill Suites Gainesville, Gainesville, FL 

TAMPA, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of SpringHill Suites Gainesville, a 126-room, select-service, Marriott-branded all-suite hotel in the central Florida community of Gainesville.

HFF marketed the property on behalf of the seller, a partnership between Whitman Peterson and Sage Hospitality. Scarlett Hotel Group purchased the asset free and clear of debt.

Daniel C. Peek
SpringHill Suites Gainesville is a Florida Green Lodging-certified property that was the recipient of a 2016 TripAdvisor Certificate of Excellence. 

Completed in 2007, the hotel underwent significant renovations in 2015 that upgraded the guestrooms and public spaces.

 The four-story hotel features an outdoor pool, 600 square feet of meeting space, fitness center and complimentary hot breakfast.

Situated on 2.4 acres at 4155 Southwest 40th Boulevard, SpringHill Suites Gainesville is located just off Interstate 75 and Archer Road at the “front door” to the University of Florida and downtown Gainesville, which are northeast of the property.

 Additionally, the hotel is in the heart of Gainesville’s busiest retail corridor and near two major projects currently underway, the 225-acre mixed-use Celebration Pointe and the one million-square-foot doubling of Butler Plaza, Florida’s largest power center.

Preston Reid
The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Daniel C. Peek, senior managing director Michael Weinberg and associate director Preston Reid.

“The SpringHill Suites Gainesville received a tremendous amount of interest from the investment community, highlighting the desirability of owning a premium-branded, select-service hotel in a dynamic university market like Gainesville,” Reid said.

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

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF arranges $36.75 million financing for Two University of Florida student housing communities

Elliott Throne
MIAMI, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $36.75 million in acquisition and bridge financing for Campus Club and Gateway at Glades, a 1,356-bed student housing portfolio serving the University of Florida in Gainesville, Florida.

HFF worked on behalf of Park Partners Residential (Park Partners) to secure the loan, which was provided by Resource Real Estate (Resource).  Park Partners Residential will renovate and reposition the properties to compete against newer assets in the market.

Campus Club and Gateway at Glades are strategically and centrally located near the University of Florida proximate to Gainesville’s main retail node, Archer Boulevard, which includes a strong roster of retailers catering to university students such as Walmart, Lowe’s, Publix, Best Buy, Trader Joe’s, Regal Cinemas, Best Buy and Ross Dress for Less. 

The University of Florida, a Tier One school, is one of the largest universities in the southeast boasting an enrollment of more than 50,000 students for the past 10 years.

The HFF debt placement team was led by managing director Elliott Throne and associate director Brian Gaswirth.

“Resource provided an advantageous financing structure that will allow Park Partners to use their expertise in the development and repositioning of student housing projects to, once again, make these properties popular destinations for students attending the surrounding Gainesville schools,” Throne said.

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

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

American Realty Advisors Acquires Premier Luxury Apartment Asset in Chicago’s Growing West Loop/Fulton Market

The Madison at Racine Hotel, West Loop--Fulton Submarket, Chicago, IL
                                                                                                 (Photo by Mark Ballogg -

Scott E. Anderson
CHICAGO, IL – American Realty Advisors (“ARA”), an institutional real estate investment manager with more than $8 billion in assets under management, has acquired The Madison at Racine, a 216-unit luxury apartment community in the heart of Chicago’s highly sought-after West Loop/ Fulton submarket. 

 “Madison at Racine is an outstanding core investment,” says Ray Kivett, Managing Director of Investments in ARA’s Chicago office. “Located approximately five blocks from Google’s new regional headquarters at 1K Fulton and two blocks from McDonalds’ new world headquarters, the property is centrally located in this thriving submarket.”

ARA also owns 1K Fulton, which it purchased in July of last year.  Both assets are situated in the walkable West Loop district, which boasts trendy boutiques, acclaimed restaurants, expansive parks, and a growing reputation as Chicago’s hottest and most sought after neighborhood.

“A complete transformation is underway in the West Loop/Fulton submarket,” Kivett explains.  “Similar to the meatpacking district in Manhattan, SoMA in San Francisco or the Seaport District in Boston, this once industrial area is now a hub of growth.  We continue to seek opportunities to acquire best-in-market assets and are capitalizing on this momentum.”

Ray Kivett
The Madison at Racine is expected to garner long-term renter demand from young urban professionals seeking an authentic live/work/play lifestyle, according to Scott E. Anderson, Senior Portfolio Manager of Multi-Family at ARA.

“This is the epitome of urban luxury living,” explains Anderson. “The property features best-in-class amenities, including one of the most stylish rooftop decks in the city, as well as on-site parking and ground-floor retail - all of which contribute to the asset’s popularity.”

“Our ability to acquire an asset of this caliber is a direct result of our investment acumen. ARA’s ongoing core strategy is to acquire premier assets in major markets throughout the country and this property is a great fit,” says Anderson. 

“We are delighted to add The Madison at Racine to our portfolio and we have strong performance expectations for this asset and the market in the long term.”

The Madison at Racine features luxurious and well-appointed one- and two-bedroom apartments, coupled with a rooftop retreat that boasts a sun deck, pool, hot tub, fire pits, lounge areas and unobstructed views of the Chicago city skyline.  The LEED Certified apartment community also features concierge services, a modern coffee bar, upscale social lounging areas, and a dog park with a grooming area.

MJ (Martha Jane) Zaring
The apartment community is located at 1164 West Madison in Chicago, Illinois. The seller, a partnership between Boston based Intercontinental Real Estate Corp. and Chicago based Ascend Real Estate Group, was represented by the team of John Jaeger, who lead the sales effort, and his colleagues, Dan Cohen and MJ Zaring, of CBRE.

 With more than $8 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. 

 For over 28 years, ARA has managed capital for institutional investors utilizing core and value-added commingled funds and separate accounts. 

ARA acquires assets directly or provides equity, preferred equity, mezzanine debt, debt, and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties.

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

Lexi Astfalk / Jenn Quader for American Realty Advisors
Brower, Miller & Cole

ATTOM Data Solutions Adds Nationwide MLS Information Powered by Clear capital Analytics to its Licensing Suite

Rob Barber
IRVINE, CA and RENO, NV — ATTOM Data Solutions (, curator of the nation’s largest fused property database, and Clear Capital (, a technology company providing analytics and data to the real estate valuations industry, announced that nationwide Multiple Listing Service (MLS) analytics powered by Clear Capital will now be available for licensing to ATTOM Data Solutions clients.

“ATTOM selected Clear Capital for this partnership because its best-of-breed MLS solution stood head and shoulders above other options,” said Rob Barber, CEO at ATTOM Data Solutions.

“Thanks to its relationships with local independent brokers and valuation experts in all markets, Clear Capital has established connections with MLS boards across the country, uniquely positioning it to build a national MLS analytics program. By adding Clear Capital’s MLS solution, ATTOM can now provide its customers with the most comprehensive and compliant coverage available in the marketplace.”

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

Jennifer von Pohlmann
949.502.8300, ext. 139

Dogs Welcome at Aloft Taipei Beitou; Taiwan’s first international hotel to offer pet-friendly dining

"This is the life!"

TAIPEI, Taiwan –– Dine with your favorite furry friend at Nook in the new Aloft Taipei Beitou, the city’s first international hotel restaurant to welcome dogs. 

Ideal for people who don’t like to leave home without their pets, Aloft’s Animals R Fun (ARF) program will be launching at the Aloft Taipei Beitou starting at Nook restaurant.

“We are delighted to be the first international hotel in Taiwan to welcome dogs to their restaurant,” said Calvin Lou, general manager of the hotel. “The outdoor terrace at Nook is the ideal place to relax and enjoy a meal with your best four-legged friend.”

Calvin Lou

At Aloft Taipei Beitou, the ARF program will first roll out at Nook, and be followed up soon in the guest rooms. Nook, the hotel’s signature all-day restaurant, serves scrumptious buffet-style breakfast and a vibrant selection of a la carte dishes and specialty items. 

Guests with dogs can enjoy al fresco seating on the outdoor terrace.  For NT$100, dogs get VIP treatment, including a doggie menu with a selection of three meals, toys, doggie snacks and a complimentary diaper. Aloft welcomes small and medium-size dogs up to 15 kgs (33 lbs).

 Designed for global travelers who love exploring open spaces and staying connected, the new Aloft Taipei Beitou introduces a modern twist on the century-old hot spring destination of Beitou.

  The hotel is just steps away from the hot springs and a quick five-minute walk from two Metro stations, with easy access to downtown Taipei. 

The hotel is inspired by the brand’s passion for music and technology as well as the local natural landscape.  Both guestrooms and public areas showcase the creations of local artists, integrating elements indigenous to Beitou and customized specifically for Aloft Taipei Beitou.

The modern, loft-inspired rooms and suites are equipped with SPG Keyless, the industry’s first truly mobile check-in system where guests can utilize their mobile phones as room keys. 

"Living it up!"
All rooms feature the brand’s signature offerings, such as the ultra-comfortable plush bed, a walk-in shower, custom amenities by Bliss® Spa, fast & free WiFi, and a 43” LCD TVs linked to a Plug & Play connectivity panel.

Aloft Taipei Beitou features a variety of dining and social spaces for guests to mix and mingle including Nook, the signature all-day restaurant; Re:mixSM lounge on the ground floor; and W:XYZSM bar, serving refreshing cocktails and beverages and the brand’s iconic Live At Aloft Hotels that showcases live acoustic performances by up-and-coming artists.

For those on-the-go, Re:fuelSM by Aloft, Aloft’s signature 24/7 grab and go venue, provides light meals, mix-and-match munchies, healthy bites, beverages and more.  Guests can further socialize over a game of pool or get a good workout at the well-equipped Re:chargeSM gym, open 24/7.

The property also features three on-site Tactic meeting spaces that are equipped with state-of-the-art A/V equipment and fast and free WiFi. The meeting spaces occupy 176 square meters of versatile, colorful facilities, providing a distinctive style and character for both formal and casual meetings.

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

Hwee Peng Yeo
Asia: 65.9768.6087  US:415.394.6500 • E: