As one of the nation’s largest real estate investment groups, MC Companies owns, acquires, develops, and responsibly manages apartment communities throughout the Southwestern United States. Our development team is focused on identifying opportunities in highly desirable urban areas that demonstrate job growth ahead of the national average.
MC Companies is pleased to announce the opening of their newest community The Place at Riverwalk. Riverwalk opened in early May with 17% of the total apartments already preleased. Every residential building consists of 30 units with the same unit mix, and a building has been released each month from May through September. On-site management now has 5 completed buildings, representing 150 units. The two remaining buildings still under construction are due to be completed by the end of November 2019. As of 9/30, 126 apartments are occupied and five more are leased, representing 87% of the completed apartments. Of the two buildings yet to be completed, over 50% of the units are already preleased. Because of this continued demand, rents are currently averaging more than $150 per unit/per month over Business Plan expectations.