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| 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.”
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| 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
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