M2 Apartments – The Denver Post

Stoneleigh to develop 298-unit apartment project in Denver

The Denver Post | Howard Pankratz | September 26, 2012

Stoneleigh Companies LLC and Arris Investments LLC announced on Wednesday the acquisition of 13.8 acres of vacant land along with the closing of a construction loan for the 298-unit apartment project called M2 Apartments in Denver.

Stoneleigh said the property is the ninth multi-family project developed or acquired by it in the past three years and adds a new major market to its investment portfolio.

The project will be located on the southeast corner of South Balsam Way and West Stanford Avenue, according to Chic Hall, senior vice president of Stoneleigh Companies.

Rick Cavenaugh, president of Stoneleigh, said M2 Apartments “will be a unique new product in the southwest region of Denver.

“Our M2 concept will provide the highest quality of suburban living in a market that has seen no new construction since we built Monterey Apartments in 2001.”

He said the location has “tremendous retail and lifestyle amenities.”

Construction will begin on Oct. 1.

Cavenaugh said US Bank is providing the construction loan for the project and Stoneleigh’s investment partner is Arris Investments.

“The strength of the Colorado multi-family market, coupled with two great institutions as our partners, will make M2 Apartments the best new community available to the residents of Denver and Littleton,” he added.

Stoneleigh Companies Announces the Acquisition of Waterford Landings Apartments – Clarksville, Tennessee

BARRINGTON, IL – March 15, 2012 – Stoneleigh Companies, LLC announces the acquisition of the 364 unit Waterford Landings Apartments in Clarksville, Tennessee. The purchase was financed thru a new loan issued by Nationwide Life Insurance Company. The property is the seventh multi-family acquisition by Stoneleigh in the past three years and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, stated “Our investment model remains acquiring apartment properties in great locations with our own equity while taking advantage of the current debt market. With rates at all time lows and the strength of the Clarksville market firmly established, we are excited about adding Waterford Landings to our portfolio.”

The Waterford Landings acquisition follows the purchase of the 1,040 unit Texas Waterford portfolio in November 2011. Stoneleigh acquired the portfolio of four properties built in 2008 and located in San Antonio and Midland Texas and is implementing a modest capital improvement program to improve the already strong performance of the assets. Stoneleigh also started construction in December 2011 on the Silver Springs at Forney rental community with a joint venture partner to deliver 80 units of high quality affordable senior living to that market.

With 2,280 units in its portfolio, Stoneleigh has formed Waterford Residential, LLC as its private label management company to operate each of its communities and will continue with the branding of its properties under the Waterford Residential banner.

Stoneleigh Companies is a private real estate investment and development company with an extensive team track record of over 35,000 units since 1984. In addition to its recent acquisitions Stoneleigh has two projects in the development pipeline in Denver and Chicago that will add 512 units over the next two years.

Download Stoneleigh Release Waterford Landings PDF

Stoneleigh Companies Announces the Acquisition of Waterford Park Apartments – Converse, Texas

BARRINGTON, IL – November 8, 2011 – Stoneleigh Companies, LLC announces the acquisition of the 224 unit Waterford Park Apartments in Converse, Texas, a San Antonio suburb. The purchase was financed thru a loan issued by Key Corp Real Estate Capital Markets, Inc. on behalf of Freddie Mac’s CME program. The property is the fourth multi-family acquisition by Stoneleigh in the past two years and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, states “Our investment model is to buy existing apartment properties in great locations with internal equity while using advantageous debt structures. With debt rates at all-time lows and the strength of the San Antonio market firmly established, we are excited about adding Waterford Park to our portfolio.”

The Waterford Park acquisition is part of a four property portfolio bought by Stoneleigh this week and follows the purchase of Boca Vista Apartments in Orlando in December 2009 and Waterford Hills in Charlotte in November 2010.

James O’Kane, Senior Vice President – Acquisitions/Capital Markets said “Texas has always been a key focus as we are building our investment portfolio and we are excited about buying 1,040 units in Midland and San Antonio. These markets continue to outperform their peers and will be a key building block for Stoneleigh Companies.”

Stoneleigh Companies is a private real estate investment and development company with an extensive track record in multi-family and development disciplines. Since 1984, the Stoneleigh team has been responsible for the acquisition and development of over 35,000 multi-family units in 37 cities and 19 states. Three new projects are slated in Texas and Colorado for 2012.

Download Stoneleigh Release Waterford Park PDF

Stoneleigh Companies Announces the Acquisition of Waterford Place Apartments – New Braunfels, Texas

BARRINGTON, IL – November 8, 2011 – Stoneleigh Companies, LLC announces the acquisition of the 228 unit Waterford Place Apartments in New Braunfels, Texas, a San Antonio suburb. The purchase was financed thru a loan issued by Key Corp Real Estate Capital Markets, Inc. on behalf of Freddie Mac’s CME program. Theproperty is the fourth multi-family acquisition by Stoneleigh in the past two years and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, states “Our investment model is to buy existing apartment properties in great locations with internal equity while using advantageous debt structures. With debt rates at all-time lows and the strength of the San Antonio market firmly established, we are excited about adding Waterford Place to our portfolio.”

The Waterford Place acquisition is part of a four property portfolio bought by Stoneleigh this week and follows the purchase of Boca Vista Apartments in Orlando in December 2009 and Waterford Hills in Charlotte in November 2010.

James O’Kane, Senior Vice President – Acquisitions/Capital Markets said “Texas has always been a key focus as we are building our investment portfolio and we are excited about buying 1,040 units in Midland and San Antonio. These markets continue to outperform their peers and will be a key building block for Stoneleigh Companies.”

Stoneleigh Companies is a private real estate investment and development company with an extensive track record in multi-family and development disciplines. Since 1984, the Stoneleigh team has been responsible for the acquisition and development of over 35,000 multi-family units in 37 cities and 19 states. Three new projects are slated in Texas and Colorado for 2012.

Download Stoneleigh Release Waterford Place PDF

Stoneleigh Companies Announces the Acquisition of Waterford Ranch Apartments – Midland, Texas

BARRINGTON, IL – November 8, 2011 – Stoneleigh Companies, LLC announces the acquisition of the 300 unit Waterford Ranch Apartments in Midland, Texas. The purchase was financed thru a loan issued by Key Corp Real Estate Capital Markets, Inc. on behalf of Freddie Mac’s CME program. The property is the fourth multi-family acquisition by Stoneleigh in the past two years and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, states “Our investment model is to buy existing apartment properties in great locations with internal equity while using advantageous debt structures. With debt rates at all-time lows and the strength of the Midland market firmly established, we are excited about adding Waterford Ranch to our portfolio.”

The Waterford Ranch acquisition is part of a four property portfolio bought by Stoneleigh this week and follows the purchase of Boca Vista Apartments in Orlando in December 2009 and Waterford Hills in Charlotte in November 2010.

James O’Kane, Senior Vice President – Acquisitions/Capital Markets said “Texas has always been a key focus as we are building our investment portfolio and we are excited about buying 1,040 units in Midland and San Antonio. These markets continue to outperform their peers and will be a key building block for Stoneleigh Companies.”

Stoneleigh Companies is a private real estate investment and development company with an extensive track record in multi-family and development disciplines. Since 1984, the Stoneleigh team has been responsible for the acquisition and development of over 35,000 multi-family units in 37 cities and 19 states. Three new projects are slated in Texas and Colorado for 2012.

Download Stoneleigh Release Waterford Ranch PDF

Stoneleigh Companies Announces the Acquisition of Waterford Ridge Apartments – Schertz, Texas

BARRINGTON, IL – November 8, 2011 – Stoneleigh Companies, LLC announces the acquisition of the 288 unit Waterford Ridge Apartments in Schertz, Texas, a San Antonio suburb. The purchase was financed thru a loan issued by Key Corp Real Estate Capital Markets, Inc. on behalf of Freddie Mac’s CME program. The property is the fourth multi-family acquisition by Stoneleigh in the past two years and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, states “Our investment model is to buy existing apartment properties in great locations with internal equity while using advantageous debt structures. With debt rates at all-time lows and the strength of the San Antonio market firmly established, we are excited about adding Waterford Ridge to our portfolio.”

The Waterford Ridge acquisition is part of a four property portfolio bought by Stoneleigh this week and follows the purchase of Boca Vista Apartments in Orlando in December 2009 and Waterford Hills in Charlotte in November 2010.

James O’Kane, Senior Vice President – Acquisitions/Capital Markets said “Texas has always been a key focus as we are building our investment portfolio and we are excited about buying 1,040 units in Midland and San Antonio. These markets continue to outperform their peers and will be a key building block for Stoneleigh Companies.”

Stoneleigh Companies is a private real estate investment and development company with an extensive track record in multi-family and development disciplines. Since 1984, the Stoneleigh team has been responsible for the acquisition and development of over 35,000 multi-family units in 37 cities and 19 states. Three new projects are slated in Texas and Colorado for 2012.

Download the Stoneleigh Release Waterford Ridge PDF

Stoneleigh Companies, LLC Announces the Acquisition of Waterford Hills Apartments – Charlotte, North Carolina

Barrington, IL (PRWEB) November 19, 2010 — Stoneleigh Companies, LLC announces the acquisition of the 270 unit Waterford Hills Apartments in Charlotte, North Carolina. The purchase was financed through a new long term loan issued by Wells Fargo on behalf of Freddie Mac’s CME program. The property is the third multi-family property acquisition by Stoneleigh in the past year and adds a new market to its investment portfolio.

Rick Cavenaugh, President of Stoneleigh, stated “Our investment model is to buy existing apartment properties in great locations with our own equity while using advantageous debt structures. With debt rates at all time lows and the recovery of the Charlotte market firmly established, we are excited about adding Waterford Hills to our port folio.”

The Waterford Hills acquisition follows the purchase of Chatham Harbor Apartments in Orlando, FL in December 2009. The renovation and repositioning of Chatham Harbor will be completed by December 2010 with occupancy in the high 90’s and concessions reduced below market.

Stoneleigh Companies is a private real estate investment and development company with an extensive track record in multi-family, office, land development and for-sale residential disciplines. Since 1984, the Stoneleigh team has been responsible for the acquisition and development of over 35,000 multi-family units in 36 cities and 19 states.

Download the Stoneleigh Release Waterford Hills PDF