Wednesday, March 21, 2012

Dallas' Mill Creek tops in apartment starts in 2012

A Dallas-based apartment developer tops the list of busiest nationwide builders.
Mill Creek Residential Trust is ranked as the number one apartment unit builder for 2012 by MultiFamily Executive magazine.
With a planned 6,900 units for this year, Mill Creek edges out Atlanta-based Wood Partners for planned apartment starts this year, the apartment industry trade publication says.
Mill Creek - which was formed in 2010 by former top officers of Trammell Crow Residential - is the only Texas apartment builder on the list.
In the Dallas area, Mill Creek is working on a 378-unit rental home community in the Victory Park project northwest of downtown Dallas.
Mill Creek did about 2,662 units in 2011, according to MultiFamily Executive.
And the developer has almost $1 billion in deals in the works, company CEO Charles Brindell said at the National Association of Home Builders conference in January.

Real Estate Editor