Scalable growth is what empowers a single investment in 1992 to develop into nearly 150 investment properties today. Yardi client MG Properties Group has recently expanded its portfolio with a $141 million acquisition in Denver. The growth is supported by robust investment management software. MG Properties acquires 3300 Tamarac Apartments 3300 Tamarac Apartments in Denver marks the first acquisition of the new year for MG Properties. The multifamily property contains 564 units ranging from studio, one- and two-bedroom floor plans. Amenities include three resort-style pools, a fenced dog park and large resident social lounge. For fitness, residents can enjoy a racquetball court, volleyball court, walking trails and a fully equipped fitness center. A spacious playground for the kiddos is perfect for growing families. 3300 Tamarac Apartments are in the Hampden neighborhood which offers pedestrian-friendly and bikeable access to shopping, dining, attractions and green spaces. The area has easy access to major thoroughfares without inner city congestion. Nearly 50% of neighborhood commuters report the trip takes 15 to 30 minutes.                                                    MG Properties Group’s Founder & CEO Mark Gleiberman said, “MG is delighted to add 3300 Tamarac to our portfolio which further scales our Denver presence. We believe this submarket is ideally positioned to benefit from Denver’s continued growth.” Smart growth with Yardi Investment Manager MG Properties continues to grow its presence throughout the West Coast and Midwest with targets in Washington, Oregon, California, Arizona, Nevada, Utah, Colorado and Texas. The San Diego-based apartment community developer, rehabilitator and manager practices smart growth with the aid of Yardi Investment Manager. Investment Manager demonstrates how a technology platform offers coherent insight into real estate investment activity. It provides a single source of the truth for investor and investment information that eliminates the need for disparate systems and manual data...

Believe it or not, iUnit is not the next device a certain ubiquitous technology company wants you to run out and buy. Rather, it’s a new modular housing project coming to Denver, Colo. in 2015, blending smart energy use, wireless connectivity, green construction and the urban living preferences of American Millennials. iUnit is intended to challenge the way we think about apartment living today, says founder Brice Leconte. A Washington, D.C. entrepreneur with a passion for startup technology, Leconte is currently an Entrepreneur in Residence at the University of Maryland as well as an advisor and mentor at Georgetown University. “iUnit is really a reflection of how I see the world and what I want to do with commercial real estate,” said Leconte, who worked on large single-family home developments early in his career. iUnit at Highland Park is his first foray into the multi-family space. We recently spoke to him about the project and what makes it unique. Tell us about iUnit. What’s it all about? Leconte: There are a lot of things in real estate that don’t make sense to me. One of them is on the modular front – why we are still building buildings out in the elements, while they are being rained and snowed on. I’ve wanted to build differently for a long time, and modular construction has always made sense to me. Building in a controlled environment, we end up with a much better, greener product, and better worker safety. That’s the method we’ve chosen for our multi-family building. We will use a factory in Idaho for the module construction. The other thing that has never made sense to me has how commercial real estate has lagged behind in integrating technology into its buildings. How can we introduce...

Millennial renters want to live in urban neighborhoods with personality, ideally ones that are walkable, bikeable, and have shopping, service and entertainment amenities within a few blocks. Their desire for apartments in hip and up-and-coming city sectors is influencing multifamily development trends around the nation. An intensely local focus can be part of a great business plan as well as a way to meet consumer demand, and such an approach is serving Denver-based RedPeak Properties exceptionally well as the company grows in the city’s most popular neighborhoods. Not only is RedPeak solely focused on offering exceptional apartment experiences in the Denver area, but they are targeting the red-hot market for walkable urban neighborhoods, which are all the rage with young Colorado apartment renters. Apartment occupancy in Denver is at an 11-year high, and the city is a national leader in rent growth. Yardi client RedPeak celebrated its 10 year anniversary in 2012, and the company’s 15 multifamily properties will be joined by two new developments built from the ground up, as well as a renovation of a historic Denver hotel, in the next 12-24 months. To help meet the Denver demand for urban housing with fun things to do nearby, currently under construction in uptown Denver is RedPeak’s One City Block project (rendering, left), a mixed-use community with 302 apartment units that will encompass an entire city block. Sidewalk level retail encompasses 9,800 square feet, with tenants yet to be announced, but the commercial leases are in high demand. Residents will enjoy views of the city and the Rocky Mountains from one of four uniquely themed rooftop decks, and the project is being constructed according to Silver LEED certification standards. A second mixed-use project with 150 apartments, Highland Square, is planned for the popular...