{"id":1004035539,"date":"2011-12-13T06:44:52","date_gmt":"2011-12-13T14:44:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035016"},"modified":"2022-12-08T04:32:20","modified_gmt":"2022-12-08T12:32:20","slug":"compatriot-capital-acquires-half-of-apartment-firm-village-green","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/compatriot-capital-acquires-half-of-apartment-firm-village-green\/","title":{"rendered":"Compatriot Capital Acquires Half of Apartment Firm Village Green"},"content":{"rendered":"

December 13, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

Village Green's Mills Run apartments in Cincinnati. <\/p><\/div><\/p>\n

Compatriot Capital, located in Dallas, has just taken a 50 percent ownership stake in Village Green, an owner and developer of luxury apartment communities. Under the new arrangement, Compatriot plans to invest $50 million of equity to develop $250 million worth of apartments assets in the next two to three years, and will expand Village Green\u2019s third-party management business.<\/p>\n

“The current dynamics in the real estate market have afforded a unique opportunity to make direct investments in real estate operating companies,” Paul Rowsey, president & CEO of Compatriot, said. \u201cVillage Green\u2019s long history, quality management team, strategic focus, and reputation for customer service and satisfaction were primary motivations for making the investment.\u201d<\/p>\n

Growth in multi-family properties is slated to reach significant levels in 2012 and into 2013, according to a recent year-end report by services firm Jones Lang LaSalle. There has been a trend away from home ownership in recent years countrywide \u2013 reaching a low of 66 percent in 2010 \u2013 and metro vacancy rates for apartment complexes is expected to dip below 5 percent next year. Rents, then, will likely continue their upward march, especially in prime markets.<\/p>\n

\u201cThe capital strength and strategic support of Compatriot will allow Village Green to expand its management platform at a faster pace and increase the velocity of our development program,\u201d George Quay, president & COO of Village Green, said.<\/p>\n

Village Green, founded in 1919 as Joseph Holtzman Homes, owns and operates $4.5 billion in apartment assets across 150 communities in 14 states.<\/p>\n

The ownership interests in Village Green acquired by Compatriot had been held by Chicago-based investors Ronald Benach and Wayne Moretti since 1995. Benach and Moretti will continue as partners in a number of Village Green communities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Compatriot Capital has just taken a 50 percent ownership stake in Village Green and plans to invest $50 million of equity to develop $250 million worth of apartment assets in the next two to three years.<\/p>\n","protected":false},"author":1201,"featured_media":1004038180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,21742,21785],"tags":[],"class_list":["post-1004035539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-latest","category-property-management"],"acf":[],"yoast_head":"\nCompatriot Capital Acquires Half of Apartment Firm Village Green - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/compatriot-capital-acquires-half-of-apartment-firm-village-green\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compatriot Capital Acquires Half of Apartment Firm Village Green\" \/>\n<meta property=\"og:description\" content=\"Compatriot Capital has just taken a 50 percent ownership stake in Village Green and plans to invest $50 million of equity to develop $250 million worth of apartment assets in the next two to three years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/compatriot-capital-acquires-half-of-apartment-firm-village-green\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-13T14:44:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T12:32:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121311-Village-Green-Mills-Run-Apts-Cincinnati.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"578\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/compatriot-capital-acquires-half-of-apartment-firm-village-green\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/compatriot-capital-acquires-half-of-apartment-firm-village-green\/\",\"name\":\"Compatriot Capital Acquires Half of Apartment Firm Village Green - 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