The St. Joe Company Announces Plans for a New 240-Unit Apartment Community in Panama City, Florida

PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–Oct 8, 2020–

The St. Joe Company (NYSE: JOE) (“St. Joe”) today announces plans for a new 240-unit apartment community in Panama City, Florida. St. Joe intends to develop and construct the community on Star Avenue approximately one mile from State Road 231. This location is within the municipal limits of the city of Panama City.

Plans call for the project to include 108 one-bedroom apartments, 108 two-bedroom apartments and 24 three-bedroom townhome-style apartments. “One of the things that will make this project unique is the diversity of the units available for lease,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “The three-bedroom townhome-style units will feature garages making them ideal for working families. This location is along the growing State Road 231 corridor in Panama City and is approximately one mile from the neighborhood’s elementary and middle schools and is

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Providence Real Estate Announces Acquisition of The Stratford Apartment Homes

Acquires a 269-unit Multifamily Property in Atlanta’s Perimeter Center

Providence Real Estate, LLC (“Providence”), a multifamily owner-operator, announced the completion of the acquisition of The Stratford Apartment Homes located in the Perimeter Center submarket of Atlanta, Georgia. The property was acquired by the Providence Multifamily REIT, Inc., a Providence-managed private REIT that invests in value-add multifamily opportunities throughout the Southeastern United States.

The Stratford was built in 1990 and consists of four residential midrise apartment buildings and a one-story clubhouse and leasing center. The property is located less than one mile from the largest medical center in Georgia that is home to Northside Hospital Atlanta, Emory St. Joseph’s Hospital and Children’s Healthcare of Atlanta. In addition, the property is located less than one mile from the Perimeter Center’s 30 million square foot office market that is home to numerous Fortune 500 companies and the world headquarters of United Parcel Service

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Wow House: $8M Tempe Apartment Complex For Sale

TEMPE, AZ — Calling all aspiring landlords! This $8 million apartment complex in Tempe is up for sale, with 40 beautiful units waiting for tenants.

This unique opportunity is once-in-a-lifetime. This apartment complex, located near Mill Avenue and its shopping and dining, is called Decco 109 and is for sale for just $8 million. The complex contains 14 one-bedroom units and 26 two-bedroom units. Each apartment comes with faux wood-plank vinyl flooring, contemporary cabinetry with brushed nickel hardware and full kitchens.

Each kitchen is stocked with dishwashers, built-in microwaves, stainless steel sinks with brushed nickel faucets and more. The modern bathrooms all have vanities and low-flow toilets. En-suite washing machines and dryers will be a huge perk for potential tenants, as will the premium light fixtures.

The community itself has a large central courtyard with a sparkling swimming pool ready to be used. A barbecue area and dog run will

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Apartment vs. Condo: What’s the Difference?


 8 MIN READ

It may come as a surprise to many of you renters out there that condos and apartments are in fact not one in the same, though they share many similarities. There are several key differences between a condo and an apartment (stemming from ownership). While a condo is owned and managed by a landlord, an apartment is typically owned and managed by a corporation, known as a property management company. Let’s dive into the details to discover more about each rental option, shall we?

What Is a Condo?

A condominium (what us cool kids – and everyone else – like to call a “condo”) is a private residence that is rented out to tenants like yourself. A condo is typically located in a residential building or community, but the unit itself is privately owned by an individual who becomes the landlord of that property. The

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Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners

ATLANTA, Sept. 24, 2020 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (the “Company”) announced today that it has entered into a Purchase and Sale Agreement to sell its student housing portfolio (the “Portfolio”) to TPG Real Estate Partners (“TREP”) for $478.7 million. The transaction is expected to close in the fourth quarter of 2020 and is subject to customary closing conditions. The Portfolio was marketed for sale by CBRE.

Preferred Apartment Communities
Preferred Apartment Communities

The Portfolio includes eight, high-quality student housing communities located in Arizona, Florida, Georgia, North Carolina, and Texas. The communities include more than 6,000 beds with a wide  range of indoor and outdoor amenities. The communities to be sold include:

  • NxNW, a 679-bed student housing community located in Tallahassee, Florida

  • Knightshade, an 894-bed student housing community located in Orlando, Florida

  • The Tradition, an 808-bed student housing community located in College Station,

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What Is a Condo? No, It’s Not Just a Fancy Apartment

What is a condo? If you ask most people to explain, they’ll tell you, “It’s like an apartment or townhouse, but you own it.” Or, “It’s like a home, but without a yard.” Both of these descriptions are mostly true, but there’s a lot more to the condominium meaning and the condos versus apartments debate, especially if you’re trying to decide where you should live.

What is a condo?

A condo, which is short for “condominium,” is a private residence owned by an individual homeowner or family in a building or community with multiple units or townhouses. Although they are usually part of a larger high-rise building, “detached condominiums” also exist.

What all condos have in common is that they share common areas—such as yards, garages, tennis courts, swimming pools, rec rooms, or gyms—with other units that the condominium owners don’t have to maintain themselves, making home upkeep that much

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