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The V Apartments Change Ownership

The V Apartments at City Vista have recently been sold by Lowe Enterprises to Gables Residential. Gables Residential is a privately held REIT owned by a closed-end fund managed by a joint venture between ING Clarion and Lehman Brothers. Gables Residential owns, develops and manages multi-family communities and mixed-use developments in Atlanta, Austin, Dallas, Houston, South Florida, Southern California, and metropolitan Washington, D.C. Additionally, it has third-party management operations in the Chicago, New York, Boston, Phoenix, Seattle and Central and North Florida markets.

The property page on the Gables website uses the brand Gables City Vista rather than putting “The V” out the at the forefront of the marketing.

Kettler had been providing property managing services for Lowe and it’s unlikely that will continue much longer. For now the website created by Kettler for the property (www.thevatcityvista.com) is still alive and well.

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Comments

  1. 2

    John Thompson says

    Thank GOD Lowe is leaving – City Vista residents have been looking forwawrd to this day for a long time. The Kettler team at City Vista has been horrible since day 1 with regard to the curb appeal of City Vista. They are the ones that have been responsible for maintaining (or in their case, NOT maintaining) the perimeter of the property. They might have leased units, but they truly slacked off in some of their other responsibilities.

    Gables has some terrific properties and they keep them up very well. The Gables in Dupont has looked great ever since they went up, I’m hopeful that they’ll do a terrific job at City Vista, not just for the apartment building but in their responsibilities to the overall complex as well.

    A big welcome to Gables, Lowe & Kettler – don’t let the door hit ya on the way out.