Haley Real Estate Group Announces the Acquisition of Four Multifamily Communities

$51.2 Million Strategic Investment Grows Portfolio to 44 Properties with more than 10,000 Units

Omaha, NE (PRWEB) January 21, 2013

Building our portfolio with strategic investments is a high priority in todays current markets, said Doug Hastings, senior vice president of property management for DEI Communities, the property management affiliate of Haley responsible for the day-to-day operations for the newly acquired properties. We are committed to growing our brand while simultaneously providing residents with a comfortable living environment to call home. We believe the planned renovations to each property will not only deliver measurable ROI but will provide a greater sense of community to our residents and the thriving neighborhoods where our properties are located.

Haley acquired Park Place Apartments, a 223-unit mid-rise community located in Oklahoma City, Okla. in January 2013. The four-story property is adjacent to the State Capitol and is just ten blocks north of the University of Oklahoma Health Sciences Center. During 2013, the property will undergo a comprehensive interior and exterior renovation.

Oakbrook Apartments is a 312-unit community located in Jackson, Miss. After finalizing the acquisition in December 2012, Haley has initiated plans to complete kitchen and bath renovations in all units. The upgrades will include new cabinets, appliances, plumbing and lighting fixtures. The property exterior will also undergo a comprehensive landscaping and common area rehab including the renovation of the clubhouse and the demolition of the existing pools to make room for a new resort-style pool, a bark park, a childrens playground and a community park.

Acquired in November 2012, The Hamlins at Cedar Creek Lake is a 208-unit property built in 2005. The community is located on 20.5 acres close to Cedar Creek Lake and is approximately 60 miles southeast of the Dallas/Fort Worth Metroplex. The property offers a comprehensive amenity package, including a state-of-the-art fitness center, a resort-style swimming pool, a media room with surround sound, a professional business and conference center as well as limited access gates and covered parking. Renovations to the community will include exterior painting.

Nantucket Harbor located in Shreveport, La. is a 224-unit property and was acquired in August 2012. Over the course of the next year a total exterior renovation will be completed including full siding replacement, stone retaining walls, a clubhouse remodel and an amenity renovation with the addition of a fitness center, a bark park and a playground. The exterior remodel will complement the communitys contemporary floor plans with upgraded interior finishes.

For more information about these strategic acquisitions, planned renovations or to talk with a company executive, please contact Don Canfield, president, LinnellTaylor Marketing at don (at) linnelltaylor (dot) com or 303-682-3942.

About Haley Real Estate Group

Multifamily real estate specialists engaged in managing acquisition, disposition and re-financing projects for Haleys affiliated partnerships. Haley focuses on identifying potential property acquisitions throughout the central United States and on following strict acquisition criteria enforced through its underwriting and risk analysis. For more information, please visit http://www.haleyregroup.com.

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Haley Real Estate Group Announces the Acquisition of Four Multifamily Communities