MC COMPANIES' TUCSON PORTFOLIO EXPANDS TO SEVEN COMMUNITIES

NOVEMBER 20, 2014

With its latest acquisition of Rock Ridge Apartments in Oro Valley, the highest 2014 year-to-date sale for the region, MC Companies portfolio is now up to seven apartment communities in the Tucson area.  

 


MC COMPANIES PICKS UP 319-UNITS IN TUCSON

NOVEMBER 19, 2014

MC Companies recently announced the acquisition of Rock Ridge Apartments in Tucson’s Oro Valley submarket. Rebranded as The Place at Rock Ridge, the community is the seventh residential rental property in the group’s Tucson portfolio. MC Companies is owned by Ken McElroy and Ross McCallister. The real estate investment, development, construction, and management firm is focused on commercial and multifamily properties alike, with over $300 million worth of value-added transactions completed since 1985.
 


MC COMPANIES PICKS UP ROCK RIDGE APARTMENTS IN TUCSON

NOVEMBER 19, 2014

The Place at Rock Ridge offers 319 apartments with up to 3 bedrooms and one or two baths. Floor plans range in size from 780 to 1255 square feet. Units include solariums, large walk-in closets, private interior stairwells and interior storage closets. All homes are equipped with intrusion alarms, full size washers and dryers, built-in microwave ovens, self-cleaning ovens, dishwashers, and refrigerators with ice maker. The interiors also feature ceramic tiled entries, brushed nickel lighting fixtures and wood-vinyl floors.
 

TUCSON PORTFOLIO EXPANDS TO SEVEN APARTMENTS COMMUNITIES FOR MC COMPANIES

NOVEMBER 19, 2014

Ken McElroy and Ross McCallister, Owners of MC Companies have an appetite for Apartment Development. Their approaching twenty-year track record and experience working together developing and managing multifamily real estate support their bullish approach to expanding their Tucson portfolio.

 


MC RESIDENTIAL PROMOTES FROM WITHIN

NOVEMBER 18, 2014

"Promoting From Within Usually Beats Hiring From Outside," touts Lesley Brice, President and Partner at MC Residential. "We have a strong bench that we will leverage as our portfolio of owned and managed apartment communities swells to nearly 8,000 units in 2014.
 


MC COMPANIES BREAKS GROUND ON NEW RESIDENTIAL PROJECT IN ARIZONA

NOVEMBER 18, 2014

MC Companies has broken ground on a new residential development, dubbed The Place at Santana Village, in Peoria, Arizona. Tanner Bickelhaupt, Director of Investor Capital for MC Companies, said: "In keeping with our value add investment philosophy, The Place at Santana Village will provide its residents with an affordable option with comparable floor plans and amenities to that of other communities charging much higher rents, providing the kind of quality investment our partners expect from MC."
 


MC COMPANIES BREAKS GROUND ON 224 NEW APARTMENT HOMES IN PEORIA AZ

NOVEMBER 17, 2014

The Place at Santana Village will consist of 224 units totaling approximately 218,496 rentable square feet in 16 two-story apartment buildings, plus an additional building with a leasing office and a fitness center. Located just off 77th Avenue in Peoria, AZ, the property is situated on 15.166 acres.
 


MC COMPANIES SUCCESS (WITH REO'S) REWARDED WITH (DEAL ON) 200 BANK OWNED TOWNHOME UNITS

OCTOBER 1, 2014

MC Companies received the award from Federal Home Loan Mortgage Corporation (FHLMC). Similar to other bank owned properties; this deal was a highly desirable investment due to a) purchase price, b) increased revenue potential through proven operational and management processes, c) value added improvements and d) townhome living.
 

GOING SOLO: SCRAPPING THE AGENT-LED APARTMENT TOUR

SEPTEMBER 29, 2014

At MC Residential, leasing agents stay out of the way by simply drawing a map to the building from the leasing office and handing the prospective tenants the keys.


 


MC RESIDENTIAL ROLLING OUT DIFFERENT APPROACH TO LEASING TOURS

SEPTEMBER 26, 2014

Taking the stance that salespeople often get in the way of and create an uncomfortable atmosphere for the consumer, MC Residential is in the process of rolling out a new apartment touring strategy that gives the prospect the opportunity to view apartments without the distraction of leasing staff.
 


LODGE APARTMENTS SOLD, RENAMED THE PLACE AT 81 YALE

JANUARY 1, 2014

Baylen Brice, a spokesman for MC Companies, said the apartment management group will put nearly $1 million of upgrades into the complex in the near future. He said MC Companies is continually seeking new acquisitions in the southwest United States, and The Lodge was being offered for sale at a price that company executives felt would work.
 


MC COMPANIES BUYS TOWNHOMES ON SAN ANTONIO'S EAST SIDE

OCTOBER 1, 2013

MC Companies is bulking up its portfolio of multifamily holdings in the Alamo City. Its latest acquisition is Outspan Townhomes. The 200-unit complex is located at 4611 E. Houston Street in East San Antonio.
 


BOUNDLESS NETWORK HELPED MC COMPANIES DEVELOP A COMPREHENSIVE MARKETING CAMPAIGN

JANUARY 1, 2013

MC Companies reached out to Boundless Network to assist in developing a creative marketing idea to welcome tenants to their new homes and thank them for choosing MC Companies. Boundless Network helped MC Companies develop a comprehensive marketing campaign, including a new mascot, message and branded gifts.
 
 


KEEP HOUSING IMPROVEMENT IN PERSPECTIVE

JULY 27, 2012

It was a harsh message when Wells Fargo national economist Mark Vitner said it to a Tucson audience in February: keep the housing market's improvements in perspective. While the economy slowly corrects, rentals have become hot for several reasons. New household formation has slowed as young people choose to rent due to job uncertainty, and investors are buying foreclosures to convert into rentals.