Community Transformation in the Era of Technology
Posted OnApril 1, 2022 byBy: Barbara Ballinger
The recent and rapid evolution and adoption of technology in the rental housing industry has created a stunning metamorphosis, bringing great benefit to owners, operators and residents alike.
After lagging other industries in its embrace of technology, the rental housing industry is rapidly catching up. Results are transformative as owners, managers and residents benefit from improved efficiencies, smoother operations, a competitive edge, better environmental stewardship and enhanced net operating income (NOI).
Some initiatives have been underway for years, certainly those that transitioned paper-based processes like rent collection, utility billing management and work orders, with firms now able to support the entire resident experience, creating value for clients through resident satisfaction and retention.Read More
New Opportunities for Transit-Oriented Development
Posted OnApril 1, 2022 byBy: Bendix Anderson
The $1.2 trillion Infrastructure Investment and Jobs Act offers opportunity for existing communities and new apartment development near mass transit.
Workers swarm over a construction site in Harrison, N.J., about a block away from a refurbished light rail station. They started construction in November 2021 on “Block D,” a new, five-story building that will eventually hold 399 luxury apartments.Read More
In the money
Posted OnMarch 28, 2022 byBy: Bendix Anderson
Apartment investors are taking out more loans than ever. In 2021, they rushed to get loans to buy new apartment properties and refinance the debt on existing properties.
Investors spent more to buy apartment properties at the end of 2021 than ever before. They spent more than $80 billion in December 2021, which is roughly twice what they spent to buy apartment properties the month before, according to Real Capital Analytics (RCA) based in New York City. These sales are much more than apartment investors spent during the worst of the pandemic—often less than $10 billion a month.
Mid Atlantic Real Estate Journal -Best Of Issue
Posted OnMarch 18, 2022 byBy: Mid Atlantic Real Estate Journal Editorial Team
The BEST REDEVELOPMENT-ADAPTIVE REUSE PROJECT of 2021. CHAPartners, a full-service real estate development firm, acquired the former Muhlenberg
Regional Medical Center and repurposed the facility into a mixed-use project consisting of a
community-based healthcare facility known as the Muhlenberg Medical Arts Complex and
a 120-unit luxury residential apartment project known as The Randolph Apartments. The
Muhlenberg Medical Arts Complex features an ambulatory surgical center, assisted living
facility and others while The Randolph is a highly amenitized rental project and was fully
leased in less than six months. This creative repurposing breathed new life into the shuttered
hospital that was dormant for 10 years before CHA’s involvement.Read More
Rethinking facilities: Colgan’s CHA Partners converts shuttered hospitals into new uses — often saving jobs in the process
Posted OnFebruary 23, 2022 byBrett Johnson | ROI-NJ
From telemedicine’s embrace to measures taken to avoid COVID-19 cases overtaking facilities, hospitals have been reshaped by a rush of pandemic trends.
You can count on Bill Colgan, managing partner at CHA Partners, knowing something about reshaping hospitals.Read More
These Top Factors Are Attracting Residents in Bloomfield, NJ
Posted OnFebruary 10, 2022 byBy: Joe Coletta | TAPinto Bloomfield
Over the last several years, Bloomfield has quickly become a residential destination that is attracting renters who are seeking accessibility, convenience and a thriving local vibe. Ripe with a bustling downtown, local favorites include Holsten’s — a homemade ice cream shop that just celebrated its 75th anniversary — and Anthony’s Cheesecake & Restaurant, Six Points Pub, and Bloomfield Steak & Seafood House — along with a wide array of restaurants and shops that are sure to catch anyone’s attention. And with a Midtown Direct train line located in downtown Bloomfield, the township is a commuter’s dream.Read More
C-Suite Spotlight: CHA Partners Managing Partner Bill Colgan
Posted OnJanuary 3, 2022 byBy: Catie Dixon | Bisnow
Bill Colgan is managing partner of CHA Partners, a mixed-use developer particularly known for its work acquiring and repurposing acute care hospitals in New Jersey and bringing various forms of healthcare real estate to underserved communities. The firm also launched LIVIA, a new senior housing brand, in September, and does other residential and commercial development.Read More
Look Who’s Investing In Healthcare
Posted OnNovember 28, 2021 byBy: Erik Sherman | GlobeSt.
Commercial real estate has been in a whirlwind. Industrial properties are incredibly hot—and expensive with subterranean cap rates. Multifamily is nearly as in demand, but many keep wondering if the end of federal Covid unemployment assistance combined with significant unemployment and the Delta variant could pull a rug out from under the sector. You could look at the office and wonder when companies will be fully back; retail and remember e-commerce continues to grow; self-storage and ask when demand could max out; or you could look for a different investment prescriptionRead More
Unlocking Value Through Public-Private Partnerships: Q&A
Posted OnNovember 4, 2021 byBy: Timea-Erika Papp | Multi-Housing News
CHA Partners, a real estate development company in the tri-state area that specializes in creative public-private partnerships, has a particular focus on projects that seek to leave a lasting positive impact. Wherever they do business, they aim to help municipalities generate employment opportunities and unlock property value. William T. Colgan, partner at CHA Partners, has raised and procured more than $250 million of capital for the company. Multi-Housing News asked Colgan to reveal the intricacies of public-private partnerships.
The Royal at Bloomfield Station Breaks Ground
Posted OnOctober 25, 2021 byBy: Joe Coletta | TapInto Bloomfield
Bloomfield, N.J. – CHA Partners, a full-service real estate development firm specializing in public-private partnerships, announced today that it broke ground on The Royal at Bloomfield Station, a new, 372,000 square foot ground-up, mixed-use redevelopment project. The Royal is a key component of the Bloomfield Center Master Redevelopment Plan, a multi-phase plan to transform Bloomfield’s downtown core into a booming town center. This new mixed-use building will consist of 210 residential rental apartments, 14 two-story brownstone units for purchase, approximately 7,000 square-feet of prime restaurant/retail space, and an approximate 304-car municipally-owned parking garage.