RealtyTrac Reports 37 Percent of 475 Counties Analyzed Post Rising Foreclosure Rates on 2014 Vintage Loans

Daren Blomquist

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released a report identifying county-level housing markets with early warning signs of a possible home price bubble — where prices overinflate and eventually decline.

The report also identified markets with little risk for a home price bubble.

The report analyzed 475 U.S. counties with a combined population of more than 221 million — accounting for more than 70 percent the total U.S. population — based on three early warning signs of a possible home price bubble.

“Affordability and foreclosure rates by loan vintage are two key metrics that will help consumers, investors, institutions and policy makers identify if a housing market is at risk for another price bubble,” said Daren Blomquist, vice president at RealtyTrac.

 “While 99 percent of markets have not returned to the irrational affordability levels during the previous housing bubble, one in five markets have now exceeded their historical affordability norms, which is a strong sign that either a new home price bubble is forming in those markets or that home price appreciation will soon plateau until incomes can catch up.”

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

Jennifer Von Pohlmann

 949.502.8300949.502.8300, ext. 139

 jennifer.vonpohlmann@realtytrac.com

HFF arranges $38.3 million refinancing for Dallas,TX-area lifestyle center

Jim Curtin

DALLAS, TX – HFF announced it has arranged a $38.3 million refinancing for Uptown Village at Cedar Hill, a 615,000-square-foot lifestyle center in Cedar Hill, Texas, a southwest Dallas suburb.

               Working on behalf of a joint venture between Trademark Property Company their institutional partner, HFF placed the three-year, floating-rate loan with Aareal Capital Corporation.  Loan proceeds were used to recapitalize the asset and provide for capital and leasing costs.

               Uptown Village at Cedar Hill is located at 305 West Farm to Market Road 1382 off the J. Elmer Weaver Freeway (State Highway 67). 

The shopping, dining and entertainment center features an interactive water fountain, is dog friendly, has an electric vehicle charging station and has a children’s play area and an oversized chess and checker board. 

Trey Morsbach

On the center’s Village Green Stage, live music acts perform year-round, including holiday performances and a summer concert series.  Completed in 2008, Uptown Village has more than 70 retail stores, including Dillard’s, Dick’s Sporting Goods, Barnes & Nobles, Ulta, Chico’s Victoria’s Secret, Charming Charlie, and Foot Locker. 

Additionally, the center has multiple restaurants, including Matt’s Rancho Martinez, Razzoo’s Cajun Café, and Avocado California Roll & Sushi.

               The HFF team representing the borrower was led by associate director Jim Curtin, senior managing director Trey Morsbach and real estate analysts Judy Boyd and Brad Greenway. 

Trademark Property Company is an operator, investor and developer of award winning enclosed regional malls, mixed-use town centers, and specialty, community and power centers. 

Brad Greenway

Since 1992, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $1.9 billion. For more information, visit www.trademarkproperty.com.

  

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF arranges $23.5 million financing for San Fernando Valley, CA retail center

Mason Devonshire Plaza, 10330 Mason Avenue, Chatsworth, CA

Kevin MacKenzie

LOS ANGELES, CA  – HFF announced  it has arranged a $23.5 million financing for Mason Devonshire Plaza, a 78,794-square-foot retail center anchored by Trader Joe’s in Chatsworth, California.

               HFF worked exclusively on behalf of the borrower, Agora Realty & Management, Inc., to secure the 10-year, fixed-rate loan through Ladder Capital Finance.  HFF is also servicing the loan, which was used to buy out the borrower’s institutional equity partner.

Mason Devonshire Plaza is located at 10330 Mason Avenue, approximately 1.3 miles from the Ronald Reagan Freeway in Chatsworth, a neighborhood in the San Fernando Valley north west of Los Angeles. 

The center was most recently renovated in 2004 and, in addition to Trader Joe’s, tenants of the 100-percent leased center include Smart & Final and Kahoots.

Brad Black

The HFF team representing the borrower was led by senior managing director Kevin MacKenzie, managing director Brad Black and real estate analyst Benjamin Gallant.

Agora Realty & Management, Inc. is a leading West Coast full-service real estate development firm headquartered in Sherman Oaks, California. 

Founded in 1986, the company has achieved an impressive track record for its comprehensive in-house expertise, team-centric culture, and strong partnerships.  Agora currently owns and is developing property in California, Nevada and Hawaii. 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.Agoraproperty.com

HFF secures $16 million financing for 516 Northwestern in West Lafayette, IN

Seng-Liang Wang Hall, Purdue University Campus, West Lafayette, IN

INDIANAPOLIS, IN – HFF announced it has secured $16 million in financing for 516 Northwestern, a 135,397-square-foot, LEED-quality retail, office, laboratory, and classroom facility recently completed on the Purdue University campus in West Lafayette, Indiana.

Dave Keller

 Working on behalf of the borrower, 516 Northwestern Associates, L.P., an affiliate of Browning Investments, HFF placed the 25-year fixed-rate loan with John Hancock Life Insurance Company.  Loan proceeds were used to retire the construction financing.

               The property, which is known on the Purdue campus as Seng-Liang Wang Hall (“Wang Hall”), features 122,610 square feet of Class A office/laboratory space, 12,787 square feet of street level retail space, which is partially occupied by the Purdue Federal Credit Union, and office/laboratory/research space that is occupied by Purdue University’s School of Electrical and Computer Engineering.  

On-site amenities include  surface parking, electric vehicle charging stations and a floor to ceiling glass atrium.  

The Class A facility, which is located directly across Northwestern Ave from The College of Engineering, is also conveniently located near the Purdue Academic Quad and Purdue’s Mackey Arena and Ross-Ade stadium along one of the most heavily traveled corridors on the Purdue campus.  

Mackey Arena, Purdue University, West Lafayette, IN

               The HFF debt placement team representing the borrower was led by senior managing director Dave Keller.

               Founded in 1977, Browning remains one of the premier development companies in Indianapolis and is engaged in the acquisition, development, construction, leasing, management, ownership and disposition of investment real estate properties, primarily in the Indianapolis metropolitan area.

 In total, Browning has developed and constructed more than 15 million square feet of space.  To learn more, visit www.browninginvestments.com.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Berger Commercial Realty Brokers Close 15,000-Square-Foot Lease for Sun Sentinel in Fort Lauderdale, FL

Joseph Byrnes

FORT LAUDERDALE, FL -- Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a new lease transaction from brokers Joseph Byrnes and Keith Graves.

The brokerage team represented landlord Third Tiara, Inc. in leasing 14,988 square-feet of flex space to new tenant Sun Sentinel Company, LLC, a newspaper publishing company and subsidiary of The Tribune Company.

Located at 3573-3575 N.W. 53rd St. in Fort Lauderdale, the building features office and warehouse space, loading docks, three-phase heavy power and 22-foot clear height ceilings. 

The property is strategically located in the tri-county area with easy access to highways and major roadways, including I-95, I-595, the Florida Turnpike, State Road 7 and Federal Highway.

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

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

954-776-1999, ext. 226

Regency Centers Declares Quarterly Cash Dividend on Preferred Stock

JACKSONVILLE, FL--(BUSINESS WIRE)-- Regency Centers Corporation (the “Company”) (NYSE: REG) announced that its Board of Directors declared a quarterly cash dividend of $0.41406 per share on the Company’s Series 6 Preferred Stock (CUSIP: 758849707; NYSE: REGPrF), payable on December 31, 2014 to shareholders of record on December 16, 2014.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.3750 per share on the Company’s Series 7 Preferred Stock (CUSIP: 758849806; NYSE: REGPrG), payable on December 31, 2014 to shareholders of record on December 16, 2014.

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

Regency Centers Corporation

Patrick Johnson, 904 598 7422

PatrickJohnson@RegencyCenters.com

Palm Plaza at Cypress Creek Retail Center in Pompano Beach, FL Sold by Marcus & Millichap for $2.8 Million

Britt Raymond

POMPANO BEACH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Palm Plaza at Cypress Creek, a 44,132-square foot retail property located in Pompano Beach, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $2,850,000.

Douglas K. Mandel, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Jupiter, Fla. 

The buyer, a developer from Fort Lauderdale, Fla, was secured and represented by Britt Raymond, an associate, and Preet Sabharwal, an associate vice president investments, in Marcus & Millichap’s Manhattan office. 

Douglas K. Mandel

 “Palm Plaza at Cypress Creek provided an investor the unique opportunity to acquire a well-located, value-add retail center on a large five-acre site.  The property has tremendous up-side and was priced below replacement cost,” says Mandel

Located at 1400 South Powerline Road in Pompano Beach, Palm Plaza at Cypress Creek is situated just one mile from I-95 and within minutes from the Florida Turnpike.

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

Ryan Nee

Regional Manager

 Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Directs $5.1 Million Sale of Bank of America Retail Center in Pinecrest, FL

Bank of America Retail Center, 11205 South Dixie Highway
Pinecrest, FL

PINECREST, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Bank of America Retail Center, an 11,428-square foot retail center located in Pinecrest, Fla.

The asset sold for $5,100,000.

Gabriel Britti and Ronnie Issenberg, vice president investments, and Victor Pastor, an associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami 

Ronnie Issenberg

“This was a long-term investment opportunity with a strong tenant base in an extremely high barrier to entry market,” says Issenberg.  “The property has been a State Farm location for 40 years and Bank of America for 21 years. Runner’s High is also a long standing local tenant with 14 years at this location.”

Bank of America Retail Center is located at 11205 South Dixie Highway in Pinecrest and is an end cap to Sunniland Shopping Center.

The property has two floors and four tenants occupying six spaces. Bank of America and State Farm are responsible for over 50 percent of the net operating income.

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

Kirk A. Felici

First Vice President/Regional Manager

Miami, FL

(786) 522-7000

$3 Million Sale of North Miami, FL IHOP Arranged by Marcus & Millichap

 IHOP, 12875 Biscayne Boulevard, North Miami, FL

NORTH MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of IHOP, a 3,102-square foot net-leased restaurant located in North Miami, Fla.

The asset sold for $3,000,000 equating to $926 per square foot.

Gabriel Britti and Ronnie Issenberg, vice president investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from White Plains, NY.

Gabriel Britti

“This was an opportunity for an investor to acquire a trophy location IHOP on one of the most desirous parts of Biscayne Boulevard in North Miami.

" This property was constructed ground-up in 2012 and was delivered with a 20-year absolute triple-net lease with one percent annual increases in rent,” says Britti.

The lease is guaranteed by Sunshine Restaurant Partners, a 150 plus-unit IHOP franchisee. IHOP is located at 12875 Biscayne Boulevard in North Miami, FL. 

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

Kirk A. Felici

First Vice President/Regional Manager

Miami, FL

(786) 522-7000

Sale of 22-unit apartment building in boca raton, FL brokered by Marcus & Millichap

601 North Ocean Boulevard Apartments, Boca Raton, FL

BOCA RATON, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 601 N. Ocean Blvd., a 22-unit apartment building located in Boca Raton, Fla.  

The property sold in an estate sale for an undisclosed price.

Tal I. Frydman, a first vice president investments, and Daniel J. Cunningham and Derek R. Gibbs, senior associates, in Marcus & Millichap’s Fort Lauderdale office represented the seller, a Maryland-based estate attorney, and the buyer, a limited liability company from Boca Raton, Fla. 

Tal I. Frydman

“This was a unique opportunity to purchase a boutique, rental apartment property in an irreplaceable location with high barriers to entry and significantly below-market rents,” says Frydman.

 “We generated immediate interest in the asset.  In just two weeks, we gave more than 35 property tours and received over 20 offers.  Ultimately the property sold to a buyer who came in well over list price, with no due diligence period and a two-week, all-cash close.”

The 22-unit midrise apartment building was built in 1971 and features all two-bedroom/two-bathroom units. On the east, the property overlooks the ocean and South Beach Park, and on the north, the property is contiguous to the Red Reef Golf Course.

The property is located at 601 East Ocean Boulevard in Boca Raton, Fla.

  

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

                                                        

Ryan Nee

Regional Manager,

Fort Lauderdale, FL

(954) 245-3400

$6 Million Sale of Liv @ Boca Ciega Apartments in South Pasadena, FL Brokered by Marcus & Millichap

Liv @ Boca Ciega Apartments, 1824 Shore Drive South
 South Pasadena, FL

SOUTH PASADENA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Liv @ Boca Ciega, a 50-unit apartment property located in South Pasadena, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The $6.0 million sales price equates to $120,000 per unit.

Casey Babb, a CCIM and vice president investments, and Luis Baez, a senior associate, in Marcus & Millichap’s Tampa office, represented both parties in the transaction. 

Casey Babb

Liv @ Boca Ciega is located at 1824 Shore Drive South in South Pasadena, Fla.  This is a Class “B” waterfront apartment community built in 1972 but extensively rehabbed between 2013 and 2014. 

  The property was originally designed by famed local architect, William B. Harvard Sr. and has been completely repositioned within the past year with approximately $900,000 in renovations to modernize and improve the overall aesthetic of the community. 

The property consists of six, two and three-story buildings on approximately 1.64 acres of land which backs up to Boca Ciega Bay and provides 12 units with panoramic water views. 

 “Given that this is a waterfront property with concrete block construction, the sale price was actually below replacement cost, in our opinion,” said Babb. 

Luis Baez

“In addition, the property recently received a major capital infusion to modernize the unit interiors, property exteriors and common area amenities which in turn, has caused rents to trend on a nice upward trajectory,” adds Babb. 

  “The buyer, to their credit, recognized the opportunity and should do very well given that they are a long-term holder.”

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

                                                         

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Brokers Sale of Buffalo Medical Center in Tampa, FL for $490,000

Buffalo Medical Center, 508 West Drive
Martin Luther King Junior Boulevard, Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Buffalo Medical Center, a 5,600-square foot office property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $490,000.

Luis Baez, senior associate and L.J. Tsunis, associate, both in Marcus & Millichap’s Tampa office, represented the local seller, a partnership.  The buyer was represented by an outside broker.

L.J. Tsunis

Buffalo Medical Center is located at 508 West Dr. Martin Luther King Jr. Boulevard in Tampa, Fla.  This is a three-suite medical office building located in the Westshore submarket of Tampa in close proximity to two hospitals.  

The property was built in 1989 and is situated on approximately 0.32 acres of land on one of the busiest streets in Tampa.

“Demand for medical offices is at an all-time high, says Tsunis.  “We were able to procure multiple-offers and drive the value of the building for the seller.”

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

                                                         

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of Annie Apartments in Tampa, FL for $1 Million

  

Annie Apartments, 902 East Annie Street, Tampa, FL

TAMPA, FL– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Annie Apartments, a 36-unit garden-style apartment property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,020,000.

Jason Hague, investment associate, Michael Donaldson, vice president investments, and Nicholas Meoli, senior investment associate all in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

Michael Donaldson

Annie Apartments is located at 902 East Annie Street in Tampa, Fla.  Built in 1983, the complex is situated on approximately a one-acre lot consisting of nine, two-story buildings constructed of concrete block.  The community is comprised of all two-bedroom/one-bathroom units which are approximately 850 rentable square feet. 

Amenities of the property include private patios or porches, central air conditioning and washer and dryer connections in all the units.  The roofs were also replaced on every building around two years ago.

           “By emphasizing the major upside potential of this property, our team was able to bring ten offers to the seller from a multitude of different local and out of area buyers,” said Hague.  “The seller decided to move forward with an all cash investor from South Florida who was able to close within 30 days of the contract date.”   

  

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Launches IPA-Retail Division

                               

Bill Rose

                                                                      CALABASAS, CA – Marcus & Millichap is pleased to announce the expansion of its Institutional Property Advisors (IPA) division into the retail sector, according to John J. Kerin president and CEO of Marcus & Millichap.

 IPA specializes in providing real estate investment advisory, brokerage and capitals markets services to institutional and major private investors through highly experienced brokerage teams across the country.

        “We are excited to build on IPA’s success in the apartment marketplace by expanding our institutional platform into the retail market,” said Kerin.

 Bill Rose, vice president and national director of Marcus & Millichap’s retail division will oversee IPA-Retail. 

  “Bill’s extensive retail experience and client relationships will be instrumental in meeting the needs and objectives of our major retail clients,” added Kerin.

John J. Kerin

         “IPA brings together our unique combination of helping clients source acquisition opportunities and form market and portfolio strategies by utilizing our industry-leading research and maximizing value through the sale of major retail assets,” said Rose. 

 “In addition to accessing institutional buyers, one of our key advantages is accessing private capital as a result of 43-year dominance in that market segment and collaborative platform driven by information sharing,” Rose added. 

         “As a supplement to our private client focus, the launch of IPA-Retail is a key part of our overall growth plan into various specialty segments and helping our clients move capital and access a broader selection of investment opportunities,” said Hessam Nadji, senior vice president/chief strategy officer who oversees Marcus & Millichap’s national specialty divisions.

Lori Schneider

          IPA-Retail currently features a leading team of fifteen seasoned advisors located throughout the nation including Joseph French, Craig Fuller, Jon Hendrickson, Drew Kristol, Alvin Mansour, Kirk Olson, Erin Patton, Lori Schneider, Sean Sharko, Steve Siegel, Mark Taylor, Jason Vitorino, Austin Weisenbeck, Scott Wiles, and Dean Zang.

          On hand to support IPA-Retail is IPA Capital Markets led by William E. Hughes, senior vice president, Marcus & Millichap Capital Corporation.

 IPA Capital Markets provides expertise and resources to assist clients throughout the placement of equity, long-term debt, mezzanine, bridge and construction financing.

IPA Capital Markets team includes highly seasoned financing professionals including Michael G. Derk, Dean Giannakopoulos, Farhan Kabani, Chris Marks, Chad O’Connor, Anita Paryani Rice, Steven Rock, and Jake Roberts.

Erin E. Patton

         IPA is one of the country’s leading providers of institutional-quality commercial real estate investment services, including portfolio and property-level analyses, capital market solutions, research, acquisition sourcing and property sales. In 2013, the company closed over $3.3 billion in multifamily sales valued at $25 million and above.

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

Gina Relva

Public Relations Manager

(925) 953-1716

IPA Arranges Development Site Sale in Dallas, TX

Will Balthrope

DALLAS, TX – Institutional Property Advisors (IPA), a division of Marcus & Millichap serving the needs of institutional and major private real estate investors, has arranged the sale of an approximately six-acre development site off Fort Worth Avenue in Dallas. The terms of the sale were not released.

IPA executive director Will Balthrope and IPA director Drew Kile facilitated the sale. The buyer is Trammell Crow Residential. 

“The areas surrounding the site, including Uptown, the Dallas Design District, Victory Park, North Oak Cliff and Downtown Dallas, have all recently experienced a significant amount of redevelopment activity, especially in the multifamily sector,” says Balthrope.

Located at 641 Yorktown St., the parcel is situated between two mixed-use developments, Sylvan Thirty, which will have 201 multifamily units and 50,000-square- feet of retail and a Wood Partners project featuring 252 multifamily units and 14,329 square feet of retail. The location is less than two miles from downtown Dallas and down the hill from the historic Belmont Hotel.

Drew Kile

“This is another example of the outward expansion of the Uptown apartment boom,” adds Kile.  “As quality sites become scarce and construction and land costs continue to rise, developers are looking just outside of Uptown for the next opportunity to serve the needs of the rapidly growing renter demographic in Dallas.”

The Dallas central business district is home to more than 20 percent of the Dallas/Fort Worth Metroplex’s region’s employment base, nearly 40 million square feet of office space and more than 2,500 businesses with over 130,000 employees. 

The site has convenient access to nearby highway systems, including Interstate 30, which is located less than a quarter mile to the south and Interstate 35, which is less than two miles to the east.

  

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

Gina Relva

Public Relations Manager

(925) 953-1716

Premier Apartment Complex in Hobart, IN, Brokered by Marcus & Millichap, Sells for $11.25 Million

  

Hampshire Park Apartments, 400 North Lake Park Avenue
Hobart, IN

 HOBART, IN – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Hampshire Park Apartments, a 186-unit apartment community in Hobart, Ind. 

The $11.25 million sales price equates to $60,484 per unit.

            Scott Harris, senior vice president investments in Marcus & Millichap’s Chicago Oak Brook office, represented the seller, a private investment company in Merrillville, Ind. The buyer is Chicago-based Tricap Residential Group.

Scott Harris

            “Hampshire Park Apartments is the premier apartment community in Hobart,” says Harris. “It is a well-maintained, well-located apartment community that produces generous returns.”

            Built in 1972 on just less than 20 acres, the property is located at 400 North Lake Park Ave. in Hobart adjacent to open prairie and near parks, lakes and outdoor recreational areas. 

The historic Hobart lakefront district, located in downtown Hobart on Lake George, is less than one mile from the property.

Hampshire Park Apartments consists of 46 one-bedroom/one-bath units, 104 two-bedroom/one-bath apartments, 14 two-bedroom/one-and-a-half-bath units and 22 two-bedroom/two-bath apartments.

There are eight different floor plans, each with a private balcony or patio and every building has a coin-operated laundry facility and storage space for every unit. The property also has a swimming pool with sundeck and a clubhouse with multiple bar/lounge areas, a kitchen and a dining area.

Hobart, Ind. is approximately 45 minutes southeast of the Chicago Loop.

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

Gina Relva

Public Relations Manager

(925) 953-1716