PMR Companies is pleased to announce the addition of Rolling Hills Apartments in Louisville, Kentucky. The 400 unit community represents the third asset to join PMR’s managed portfolio with its new owner in the past 6 months. Rolling Hills is an exceptionally cared for asset and with the scheduled capital improvements it will only strengthen its position in an outstanding market! Congratulations to everyone dedicated to this transition.
Strategic Properties of North America (SPNA), the leader in Chicagoland condo deconversion projects, has purchased the 30-story, 207-unit Bel Harbour condominium building at 420 W. Belmont Ave. for $51.5 million. The transaction is the largest bulk sale in the city to date and the company's third deconversion in the region.
SPNA plans a multi-million-dollar renovation to convert the 30-story Lakeview property, which comprises studios, one-bedroom, and two-bedroom units. Skokie, Ill.-based design firm ML Group has redesigned Bel Harbour with updated floorplans and elements desired by today’s renters, including fully remodeled kitchens and new common areas.
The building also offers spectacular views of Lake Michigan and the Chicago skyline and includes a 2,100-square-foot restaurant space, a 120-space parking garage, heated indoor pool, sun deck, and on-site maintenance and management.
PMR Companies is thrilled to be a part of this exciting project!
First Trust Center
New client and new commercial growth! The downtown Louisville historic building will receive 28,000 sq ft of renovated space to be overseen by PMR Companies construction division.
PMR Companies kicked off 2017 with a new venture- the management of residential homes. It was an exciting opportunity to dedicate one of our most tenured employees to the management of 48 apartment units and over 75 residential rental homes for one specific client. A new division of our company with unlimited potential for growth.
Southern Indiana Properties
The end of 2016 concluded with the addition of 3 assets (393 units) in Southern Indiana. With new names, unit renovations, and an extensive capex investment, the properties will change the standard in their respective markets. This is a great opportunity for PMR Companies and our client!
Devonshire Gardens & Devonshire Place Apartments
The addition of Devonshire Place Apartments and Devonshire Gardens Apartments adds to PMR Companies coverage in the Evansville, Indiana market. Our Team is excited to be a part of the new owner’s vision and improvements for these 2 fantastic assets.
Skyridge Club Apartments
PMR Companies is excited to represent the new ownership of Skyridge Club Apartments. The 364 unit Class A community located in Crystal Lake, Illinois is scheduled to receive $2.2 mil in exterior improvements and unit upgrades. PMR Companies construction team will facilitate all renovations.