NEWS

CHAMPAIGN, IL – Regency Multifamily is excited to announce the promotion of Teresa Kelnhofer to President and CEO. Teresa has been with the company since 2003 and previously served as the Executive Vice President. Teresa has over 20 years of experience in Real Estate, Manufacturing and Not for Profits serving in both human resources and leadership positions. She has played an integral role in Regency’s growth and commitment to excellence, including driving the company to receive “Best in the Industry”…

ROCHESTER, MN – Regency Multifamily has purchased approximately 55 acres of land adjacent to its recently acquired Pines of Rochester property in Rochester, Minnesota. The land is located east of 50th Avenue NW and north of Alpha Parkway NW. The land will be used for the development of an additional 600 luxury apartments. The entire development, which includes the existing Pines, will be called The Woods of Rochester. Plans for the new development when complete include a 6000 sq. ft.…

August 27, 2018, Champaign, IL – Regency Multifamily is proud to announce and welcome Shane Allen as Vice President of Finance & Accounting. Shane will be responsible for financial reporting to investors, monitoring liquidity needs for development, acquisitions, arranging lender financing, and placing insurance for risk management for the company. Shane joins the Regency Multifamily team with ten years of commercial real estate finance and lending experience. He was formerly SVP, Relationship Manager of Commercial Real Estate with Busey Bank…

Lafayette, IN – Regency Multifamily has recently acquired the Overture Flats property conveniently located off State Road 26 and I-65 in Lafayette, Indiana. Overture Flats was completed in 2017 and includes 262 units comprised of one-, two- and three-bedroom luxury apartments with six bright, open floor plans and variety of resident-friendly amenities in this resort-like community.

ROCHESTER, MN – Regency Multifamily has recently expanded their portfolio with the acquisition this week of The Pines of Rochester property located on the desirable northwest side of Rochester, Minnesota. The Pines was completed in 2017 and includes 192 units comprised of one- and two-bedroom luxury apartments.  Although Regency Multifamily purchased the Pines this month, they took over property management in January 2018. Within 60 days of Regency Multifamily managing The Pines, the occupancy rate rose from 60% to 97%…