Grubb & Ellis

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Grubb & Ellis Apartment REIT Changes Gears Amid Controversy

In late August, when Richmond, Va.-based Grubb & Ellis Apartment REIT agreed to take over the assets of Oakton, Va.-based Mission Residential—along with agreements totaling $182 million to acquire nine multifamily properties from affiliates of Mission’s MR Holdings—chairman, CEO, and chief financial officer Jay Olander knew the deal would give his company the jolt that it needed. More

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Kettler Hopes Partnership Launches it to New Markets

McLean, Va.-Kettler has been a major player in the Washington, D.C., multifamily market for a while. Now, it’s hoping that an alliance with Santa Ana, Calif.-based Grubb & Ellis Co., a real estate services and investment firm, makes it a brand name in new markets. More

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Still Looking: Non-traded REITs Seek Buy Opportunities

After a 16-month run of posting near weekly acquisition gains in what was practically a non-transactional environment, all has been quiet in the non-traded apartment real estate investment trust (REIT) sector for a couple of months. Major non-traded multifamily apartment REITs such as Dallas-based Grubb & Ellis Apartment REIT and Dallas-based Behringer Harvard Multifamily REIT I have not announced significant asset buys since March, even as their traded peers begin to grab properties and look at ground-up development. More

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Mulitfamily Tech Budgets Pushing Cloud Computing Trend

Mulitfamily IT departments are moving more toward software as a service and cloud computing. More

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