SmartStop Asset Management Acquires 345-Bed Student Housing Community Near University of Michigan Campus for $43.8 Million
ANN ARBOR, Michigan, January 22, 2018 SmartStop Asset Management, LLC (SmartStop) announced that certain of its affiliates have acquired 411 lofts, a 90 unit, 345-bed purpose-built student housing community located three blocks from the University of Michigan in Ann Arbor for $43.8 million. “We are very pleased to complete the acquisition of this Class ‘A’, institutional-quality student housing property located near...
New Fully Glazed Window System from Insulgard Security Products
BRIGHTON, Michigan, January 18, 2018 Insulgard Security Products, the industry leader in architectural security products, has introduced the advanced new Torgard TTH600 Window system – the first fully glazed window system certified by UL (Underwriters Laboratories) to meet critical standards for use in tornado and hurricane storm shelters mandated by the 2015 International Building Code. Torgard TTH600 window system has been tested...
Savills partners with MRI Software
LONDON, January 9, 2018 MRI Software, a global leader in real estate software solutions, today announced that Savills plc, a global real estate services provider, has selected the company’s web-based Version X Residential Management and accounting solutions to manage private rented sector (PRS) developments in the United Kingdom. “We are pleased to extend our long-time partnership with MRI Software into the residential...
Heitman Redeems OM Asset Management’s Interest in Firm
CHICAGO, January 8, 2018 Heitman LLC, a global real estate investment management firm, today announced that it redeemed OM Asset Management plc’s ownership interest in Heitman for $110 million in a transaction that closed on January 5, 2018. Subsequent to the transaction, Heitman, which was previously 50% owned and controlled by senior professionals of the firm and 50% by an entity controlled by OMAM, is now 100 percent owned...
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