Place Properties, LP News
Place Properties Developing First Class Apartments for Soldiers Nationwide
ATLANTA, May 20 PRNewswire — Place Properties, a privately held real estate development firm headquartered in Atlanta, announced the opening of its first five off post housing communities for soldiers, contractors and local civilians. The communities are at Ft. Hood (Texas), Ft. Bliss (Texas), Ft. Benning (Georgia), Ft. Stewart (Georgia), and Ft. Sill (Oklahoma). A sixth community is underway at Ft. Campbell (Kentucky).
Private Investment Aids Distressed Housing Stock
These new Independence Place communities represent more than $300 million of private investment to develop first class apartments for soldiers who are obliged to live off post because the on post barracks are full or obsolete. With the recent BRAC realignment, many posts are struggling to house the influx of additional soldiers. Illustrating the housing squeeze, publicity like the recent YouTube post covering "deplorable" housing conditions that some soldiers currently live in continues.
Cecil Phillips, CEO of Place Properties said, "Developing Independence Place communities at military installations throughout the country is a joy with its own reward. The enthusiasm and spirit of the men and women already living at Independence Place are powerful reinforcement of our commitment to provide affordable, first class living for the men and women who put themselves at risk for the rest of us. We are convinced the quality and convenience of the Independence Place communities will also help in the retention and reenlistment rates of our soldiers who can continue to enjoy living in first class housing, not normally associated with off post facilities. We are making a difference, and we are proud of the difference we make."
Uniquely Designed and Leased
Different than a conventional multifamily community, apartments at Independence Place are individually leased by the bedroom. This structure limits the liability for the soldier should a roommate be deployed or leave for any other reason. In addition, most utilities are included in the rental rate, which eliminates utility deposits or set-up fees.
Every resident has his or her own bedroom and bathroom, with units that include contemporary furnishings, a full kitchen, washer/dryer, cable TV, high speed Internet access, and a "mud room" to store and safeguard equipment.
Under the premise of "resort style" housing, each development will offer superior amenities such as a hi-tech clubhouse with an online gaming center, flat screen TVs, billiards, card tables and popular arcade games. Available 24-hours a day, residents can enjoy a fully equipped fitness center and computer lab. Outdoor recreation includes a luxurious swimming pool and hot tub, poolside arbor with an outdoor kitchen and fire pit, basketball and volleyball courts. Each Independence Place community will also be gated for peace of mind.
Sense of Community
Peggy Daly, Executive Vice President for Place Properties said, "Our goal is to develop a sense of community through special events and local outreach programs. Bringing our residents together as neighbors and friends is key to orchestrating the exceptional living experience that soldiers will find here at Independence Place."
For more information about Independence Place Apartments please visit: www.LiveAtIndependence.com .
Place Properties, LP, has over 14 developments in various stages of construction nationwide making it one of the largest multifamily development and construction organizations in the country.
Place Properties has developed more than $525 million of student and military housing properties since 1996 and currently manages more than 17,000 beds.
Contact: Jessica H. Nix Director of Marketing and Public Relations 404-495-7591 jnix@placeproperties.com
SOURCE Place Properties
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