Mid Atlantic Real Estate Journal — February 8 - 21, 2013 — A
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M id A tlantic R eal E state J ournal G Jonas, Waisbrod, Weilheimer & Holland coordinated sale Kislak completes $13.5m sale of Glen Brook Apartments lenolden, PA — The Kislak Co. announced the $13.5 million sale
of Glen BrookApts., a 174-unit apartment complex with three commercial spaces in Gle- nolden. VPs Andrew Jonas, Barry Waisbrod and Matt Weilheimer and president Robert Holland coordinated the sale of the property on be- half of a NY Stock Exchange publicly-traded REIT to a private investor. “Our team did a fantastic job marketing the property, gen- erating tremendous interest among well-qualified investors and selling it,” said Jonas. “The seller engaged Kislak on an exclusive basis and the sale marked our 11th suc- cessful transaction together. The seller also realized the highest price per unit for any multifamily property sold in Delaware County.” Financing was provided by Spencer Savings Bank. At the time of closing, the property was 95% occupied. n technology, provide a good fit. Finally, a multifamily firm’s enterprise property manage- ment and accounting software should be able to integrate its systemwith the portal. Service representatives from both the enterprise system provider and the portal development company can work together to set up and ensure that the data exchange needed for those basic functions – payments and work orders – is running smoothly. Enterprise technol- ogy providers also should be able to feed resident data into the portal, so that as people move in and out their ability to log into the portal is granted or denied accordingly. Looking ahead, resident portals will continue to evolve from business tools to exciting platforms for community build- ing. Multifamily property own- ers and operators who advocate this transformation not only will reap tangible operational benefits but will be looked at by residents as a catalyst for advancing communication and, ultimately, their quality of life. Michael Mullin is presi- dent of Integrated Business Systems in Totowa, NJ. n Multifamily resident portal s moving to the . . .
Glen Brook Apartments
10th Annual Special Edition March 29th spotlighting . . .
BEST of
The
2012 You are invited to participate in marej ’s “BEST of 2012” MA R EAL E STATE J OURNAL will be hosting a “Best of the Best,” a “Who’s Who” of owners, brokers, developers, architects and nancial institutions within the commercial real estate community. Marej will be compiling information and selecting the: Largest o ce, Industrial & Retail Transactions of the Year Best Shopping Center Development of the Year 4 Best Developer of the Year Best Financial Institution 4 Largest Financial Transaction of the Year Top Brokers List 4 Top Owners List Most Innovative Architect 4 Best Renovation Project Deadline is March 1, 2013
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800-584-1062 FAX : 781-871-5299 Email : lchristman@marejournal.com MAREJ’s Best of 2012 is a juried competition based on submissions and nominations from MAREJ’s commercial real estate community. Winners will be selected based on company size (# of employees) and size of the deal/transaction. Top brokers will be selected based on largest deal for 2012. Submissions from mid-Atlantic states outside of NJ, PA,DE,MD &VA will be judged in separate categories. All are welcome to participate.
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