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Volume 3 - Number 8 | April 26, 2005
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TOP STORY: Dallas Firm Continues Expansion With Buyout of Walden Residential
By Stacey Corso
Just two weeks after MULTI HOUSING forum reported that the Milestone Group has partnered with Dubai Investment Group to buy $1 billion in multifamily properties, the privately held Dallas real estate firm has purchased the assets of the management division of Addison, TX-based Walden Residential Properties. According to Milestone executives, this buyout has created one of the largest privately owned residential property management companies in the US
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INSIDER: United Dominion Realty Trust's Thomas W. Toomey
By Sule Aygoren Carranza
When most people think about terrorism risk and real estate, apartment properties generally don’t come to mind. But what better mark is there than apartment buildings, which, in some cases, house thousands of people at once? This fact hasn’t escaped the attention of at least one multifamily owner. Thomas W. Toomey of United Dominion Realty Trust has made the issue of terrorism, along with other events that could cause drastic damage, a priority for his company.
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HUD Approves Second-Largest Housing Bond Issuance In History
By Stacey Corso
On April 15, a host of officials from the Department of Housing and Urban Development and the New York City Housing Authority gathered in Lower Manhattan to announce that HUD has approved the NYCHA’s issuance of $600 million in bonds. This marks the second-largest housing bond issuance in history.
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