When Lennox Cos. was founded in 2014, the upstart apartment management company owned only three properties with 800 units, but a mere 2 ½ years later it manages 18 properties with more than 3,700 units.

2. Local Multifamily Market Continues To Log Higher Sales, Strong Demand - Saturday, October 29, 2016

Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.

“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.

3. Last Word: Malco in South Main, Suburban Deadline and Chiwawa - Thursday, August 18, 2016

The Malco movie theater in South Main is to begin construction in September, the latest piece of the Central Station development where construction of apartment units on the Front Street side of the property has been underway for some time.

4. Largest Multifamily Sale Takes Place for $39.1M - Thursday, August 18, 2016

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

5. Hyde Capital Pays $15.4M For 3 Midtown Properties - Saturday, August 13, 2016

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

6. Last Word: SEC and GMF, Wiseacre's Growth and Apartment Action - Thursday, August 11, 2016

The Securities and Exchange Commission has been investigating Global Ministries Foundation since mid-July. The revelation turned up Wednesday in a Memphis Federal Court filing by the receiver appointed to oversee and sell the Tulane and Warren apartments.

7. Hyde Capital Pays $15.4M For 3 Midtown Properties - Thursday, August 11, 2016

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

8. Kroger Midtown Expansion Gets Mixed Reaction - Wednesday, September 26, 2012

While the expansion of Kroger’s Midtown store is still in the early stages, the effects are apparent in the surrounding community.

Kroger Delta Division earlier this month bought the Belvedere Apartments for $2.6 million. It then purchased the Kroger store on Union Avenue that it was leasing from Art Seessels’ family, as well as two adjacent parcels for a combined $4.6 million, bringing Kroger’s ownership of property in the area from South Idlewild Street to LeMaster Street along Union.

9. Herenton Home Moves in Short Sale - Wednesday, September 19, 2012

The home of former Memphis Mayor Willie W. Herenton in Banneker Estates’ gated community has traded hands for $350,000 in a short sale.

The single-family home at 5281 Horn Lake Road in the McKellar-Whitehaven-Levi PD neighborhood was sold to Tamara G. Washington on Aug. 27, according to the Shelby County Register of Deeds. Washington also filed a $150,000 mortgage with Community Mortgage Corp. that matures in September 2032.

10. G&I Sells 2 Multifamily Sites For Combined $55.8 Million - Tuesday, July 3, 2012

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

11. Northland Finances Hickory Hill Complexes - Friday, June 29, 2012

Northland Investment Corp., the Newton, Mass.-based owner of two Hickory Hill apartment complexes, has financed the properties for $9.8 million.

12. Archived Article - Tuesday, March 4, 2008

7691 Poplar Ave.
Germantown, TN 38138
Permit Amount: $50.9 million
Project Cost: $80 million
Permit Date: Applied February 2008
Completion: 2011
Owner: Methodist Le Bonheur Germantown Hospital
Tenant: Methodist Le Bonheur Germantown Hospital
Architect: TRO Jung/Brennen Inc.
Contractor: Flintco Inc.
Details: Methodist Le Bonheur Germantown Hospital filed application last week to build a 220,000-square-foot pavilion to house women's services, including inpatient beds, operating rooms and support space. In addition to the new construction, the hospital's overall plans include renovation of 88,000 square feet in the existing facility. The expansion at Methodist's Germantown location does not call for any new net beds to the system, a spokesperson said. Instead, it would transfer 100 beds from elsewhere within the system. The entire campus will be about 580,000 square feet once the expansion and renovation are complete. This latest step of the construction process comes on the heels of last summer's $9 million building permit to build a 260,000-square-foot parking deck at the Germantown location.
699 Oakleaf Office Lane
Memphis, TN 38117
Sale Amount: $1.8 million
Sale Date: Feb. 21, 2008
Buyer: Rosecrest
Seller: Oakwood Professional Building LLC
Details: An entity called Rosecrest bought a 14,000-square-foot office building at 699 Oakleaf Office Lane for $1.8 million from Oakwood Professional Building LLC. Built in 2003, the two-story building sits on slightly less than an acre at the northwest corner of Spottswood Avenue and Oakleaf Office Lane east of South Perkins Road. The Shelby County Assessor's 2007 appraisal was $953,900. Tenants include Fitness First Studio, Lindamood-Bell Learning Processes and Fish and Associates financial planning services, among others.
3860 E. Holmes Road
Memphis, TN 38118
Permit Amount: $808,000
Project Cost: N/A
Permit Date: Applied February 2008
Completion: N/A
Owner: Panattoni Development Co.
Contractor: Panattoni Construction Inc.
Details: Panattoni Development Co. has filed an $808,000 building permit to repair an industrial property damaged in the Feb. 5 storm that tore through Southeast Memphis. The 500,000-square-foot warehouse is part of Sacramento, Calif.-based Panattoni's Memphis Oaks Distribution Center on the northeast corner of Getwell Road and East Holmes Road. The Shelby County Assessor's 2007 appraisal was $14.8 million. A call to the company's local office was not returned.

13. Oakleaf Office BuildingSells for $1.8 Million - Wednesday, February 27, 2008
     A 14,000-square-foot office building at 699 Oakleaf Office Lane has sold for $1.8 million. An entity called Rosecrest bought the property from Oakwood Professional Building LLC, with the deal closing last week.
 

14. Archived Article - Tuesday, October 16, 2007

Vacant land
In Collierville
Sale Amount: $ 2 million; $2.1 million ($4.1 million total)

Sale Date: Sept. 27, 2007

15. Midtown Apartment ComplexSells to Boston Group - Monday, October 15, 2007
     The 122-unit Rosecrest Apartments in Midtown has been sold for almost $6.2 million, or $50,410 per unit, to a private equity group from Boston, according to the multifamily office of CB Richard Ellis Memphis. The deal cl

16. Massachusetts Investor BuysMidtown Apartment Building - Friday, October 12, 2007
     Northland Rosecrest LLC has bought the Rosecrest Apartments at 45 S. Idlewild St. for $6.2 million. The seller is Rosecrest GP.
     Northland Rosecrest shares an address with Northland Inve