Mill Creek

Mill Creek Residential supports Walk for our Troops

Kathleen Darling — Mon, 23 Jan 2012 18:14:55 +0000

Mill Creek Residential supports NMHC’s “Walk for our Troops” – January 19, 2012

“The inaugural National Multi Housing Council (NMHC) Walk for our Troops raised $61,000 for the Wounded Warrior Project . . .”

A Rise in Multifamily Development

Kathleen Darling — Mon, 23 Jan 2012 17:33:35 +0000

NEW YORK TIMES – “Projects with Mass Appeal” – January 12, 2012

Metro 303, under construction on Main Street in Hempstead, will house 166 one- to three-bedroom apartments . . .

Arrive at NoMa

Kathleen Darling — Tue, 22 Nov 2011 18:26:09 +0000

Arrive at NoMa is located in the NoMa (North of Massachussets Avenue) area of Washington, DC. NoMa is the fastest growing neighborhood in the nation’s capital located just blocks from Union Station and the U.S. Capitol Building. Arrive is a class A luxury apartment community for residents interested in living in the heart of the nation’s capital while taking advantage of a true neighborhood setting. The community’s three buildings will be stationed on a full city block and separated by a tree lines, pedestrian-friendly city street. The community is located just steps from several million square feet of recently constructed and leased office space, providing the NoMa area with a “City within the City” feeling, yet highly connected to the center of downtown Washington, D.C. Residents will enjoy a five minute walk to the New York Avenue Metro Station which is situated on the most utilized line in the Metro system, allowing residents access to Union Station within two minutes, and the East End/Penn Quarter Station (the Times Square of Washington, D.C.) in five.

Arrive will accommodate each resident’s desire for choices since each of the three buildings has its own distinct architecture and interior design flare. The first building (130 apartments) is designed to provide the appearance of three separate loft style buildings; a warehouse look, a contemporary loft look, and an art deco look. The second building (218 apartments) is designed as a contemporary building with a significant amount of glass and smooth brick. The third building (255 apartments) will provide a sense of two smaller buildings by pairing contemporary architecture with a more traditional design. This building also includes 1,250 square feet of retail space.

Apartment finishes throughout the project are designed to complement each building’s architectural flavor, and include items such as concrete-like ceramic tile, granite countertops, use of both maple and espresso cabinetry, and stainless steel appliances. Community features will include 15,000 square feet of amenity space including two fitness centers, two business centers, eLounge, movie theatre, and gaming room. Two large resort-style pool decks will be complemented by lush open spaces and fountains.

Apartments are anticipated to begin delivery during the 3rd quarter of 2012.

Top Ten Multifamily Developers of 2011

Kathleen Darling — Mon, 21 Nov 2011 18:55:36 +0000

MULTIFAMILY EXECUTIVE Business Update – November 18, 2011

Dallas-based Mill Creek Residential Trust showed it hasn’t lost any chops after spinning off from former development titan Trammell Crow Residential . . .

Laguna Niguel’s Urban Village Concept A Go

Kathleen Darling — Fri, 18 Nov 2011 21:10:07 +0000

The Orange County Register – November 16, 2011

Brad Perozzi of Mill Creek Residential Trust thanked the city for a well-thought out plan that would enable his company to develop land on Cabot Road . . .

Rachel L. Purcell joins Mill Creek Residential as CFO

Kathleen Darling — Fri, 18 Nov 2011 21:01:29 +0000

Mill Creek Residential Welcomes Rachel L. Purcell as Chief Financial Officer

Industry veteran joins the rapidly growing Mill Creek Residential team

Dallas, Texas – November 2, 2011

Mill Creek Residential Trust LLC announces the appointment of Rachel L. Purcell as Chief Financial Officer, overseeing the company’s financial and administrative functions. Rachel joins with 20 years of financial and systems management experience in the real estate industry. Her background includes oversight of all aspects of accounting and finance as well as directing IT and HR operations. She is a proven leader who develops efficient operating systems that meet regulatory and compliance needs.

“It is a pleasure to welcome Rachel to our team,” says Charlie Brindell, Chairman and CEO of Mill Creek Residential. “Rachel brings a wealth of experience from her many years in the real estate industry. Many of us worked with Rachel at Trammell Crow Residential, and we are thrilled to be working with her again.”

Prior to joining Mill Creek Residential, Rachel was the CFO at Snelling Staffing, LLC, a national staffing service bureau. Rachel’s career also includes serving as the Chief Financial Officer of CAS/Riverstone Residential (one of the largest multifamily property managers in the U.S.) and Chief Accounting Officer of Trammell Crow Residential. Rachel spent nine years at Deloitte in the audit department serving various private and public real estate companies in Texas, California, and Minnesota.

Mill Creek Residential, after just one year, has already more than doubled in personnel. The company is under construction on 2,400 units across the country, with a large pipeline for 2012/2013, including acquisition opportunities. Brindell notes, “The addition of Rachel to our team is timely; it allows Mark Dempsey, who acted as both CFO and Executive Managing Director for Acquisitions, to intensify our focus on multifamily acquisitions across core US markets.”

Rachel is a graduate of the University of Southern California, and holds her CPA license in Texas and California. She is a member of Financial Executives International, Real Estate Financial Executives Association, American Institute of CPA’s, and Commercial Real Estate Women. Rachel has served on the board of CREW, acted as an ambassador for FEI, and is active in the local alumni association for USC.

About Mill Creek Residential Trust

Mill Creek Residential Trust LLC, headquartered in Dallas, Texas, is real estate development and acquisition firm engaged in the development, construction, and acquisition of multifamily communities across the United States. Established in 2010, Mill Creek Residential was formed by leading industry executives who, together, have developed over 225,000 apartment units in over three decades of service. For more information, please visit www.MCRTrust.com.

Mill Creek Residential Joins the Apartment Rush in Merrifield

Kathleen Darling — Wed, 12 Oct 2011 00:35:09 +0000

The Washington Post – August 27, 2011

Mill Creek Residential Trust will start construction next week on the first phase of a Harris Teeter-anchored apartment and retail project atop the Dunn Loring-Merrifield Metro station . . .

Private equity firms and developers together again — with a twist

Jere Halligan — Fri, 09 Sep 2011 22:33:48 +0000

The Real Deal - July 01, 2011 07:00AM

Double-dip fears notwithstanding, the real estate industry is seeing a resurgence of private equity investment. But this time around, firms who got burned during the financial crisis are taking a different tack.

Apartments are the development du jour among builders

Jere Halligan — Fri, 09 Sep 2011 22:30:54 +0000

Los Angeles Times - July 17, 2011

The weak economy and housing market crash have aided apartment landlords, analysts say, and the slow recovery is expected to help prop up the popularity of apartment living in the years ahead.

A Suburban Town Sees Housing Where Retail Rules

Jere Halligan — Fri, 09 Sep 2011 22:20:53 +0000

New York Times : August 16, 2011

MORRISTOWN, N.J. — Jordan Eppolito has taken a liking to his new home here in the Morris County seat, about 30 miles west of New York City. Mr. Eppolito, a 28-year-old entrepreneur who plans to open a pizza shop this fall on South Street, lives in a new condominium overlooking the Morristown Green, the historic park at the center of town.