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Regional Place revamp pays off for Concierge—April 20, 2006, Dallas Business Journal, By Holli L. Estridge
$400,000 in repairs boosts occupancy at Grapevine apartments ... With the increased occupancy, the operation's revenue has also climbed 12% to $85,000 per month.
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Transforming Governors Point into Huntington Farms—Mayor Arthur G. Letchas of Alpharetta issued a proclamation commending our positive influence in the community: "Through hard work and financial commitment of Concierge Asset Management ... the Huntington Farm Apartments has become a positive precedent and an attribute to the City of Alpharetta." |
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What's Brewing in the Real Estate Market: Vanishing Act — March 8, 2006, The Wall Street Journal
Harvard University's Joint Center for Housing Studies says the U.S. is losing more than 200,000 rental units each year as a result of demolition, conversions to condominiums and other factors.
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Rents Rise, Vacancies Drop As Apartments Join the Boom — November 30, 2005, The Wall Street Journal, By Michael Corkery
The real estate boom has been very good to property owners of all types. ... Vacancy rates are dropping and rents are rising in many parts of the country.
Foreclosure Flipper Back In Action —November 30, 2005, Houston Business Journal, By Jenna Colley
Maxwell Drever, once city’s largest landlord, returns with purchase of apartment package
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Apartments undergo big turnaround —June 5, 2005, The Atlanta Journal-Constitution, By Michael Pearson
City Council awards Concierge Asset Management a proclamation: credits a remarkable turnaround.
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Fund sells apartments for $22M —July 1, 2005, Austin Business Journal, By Mary Alice
Now, a little more than two years later, Drever has sold that property well ahead of schedule for the targeted price of $22 million.
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Contrarian Investments:
Going against the flow
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Overlook: The Untold Story |
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Drever Pays Zell $30M for Governor’s Point — January 8, 2004, Globe St., Commercial Real Estate Direct, Atlanta
Business Chronicle |
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Investor
Returns with $27.7 Million Acquisition — October 15, 2003, Colorado
Real Estate Journal, By Jill Jamieson Nichols
An institutional fund headed by investor Maxwell Drever has acquired a 312-unit
luxury apartment community for $27.7 million, marking Drever's return to the Denver
metro multifamily market. |
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Maxwell Drever
Closes Value-Added Deal In Tech-Wrecked Market —October 13 , 2003, Crittenden
Apartment Report
This month, Drever scooped up the 312-unit garden style Stonebriar at Saddle Rock
apartments in Denver's affluent Saddle Rock submarket. |
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Troubled Commercial Mortgages Gain
Popularity Among Investors—August 27, 2003, Wall Street Journal, By Sheila
Muto
A handful of real-estate investment firms are setting their sights on distressed
commercial mortgage loans. View article |
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Investors betting rental market
will boom again—June 11, 2003, Austin American-Statesman, Various Publications
Investors are circling Austin's battered apartment market, seeking to capitalize
on low prices and ample inventory. Rising vacancies and falling rents during a
harsh two-year downturn have landlords offering sweetheart deals to lure new tenants
and keep the ones they have. View article
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Drever Returns to Seattle, Acquires
Overlook at Lakemont—August 2002, Seattle Times, Various Publications
Maxwell Drever is back in town, and whether that’s a good thing or a bad
one depends on how you look at it. View articles
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Apartment kingpin returns to
Houston—Week of August 16–22, 2002, Houston Business Journal, By
Nancy Sarnoff
Maxwell Drever is plotting his return to Houston from a boathouse on the shores
of San Francisco Bay.
After a five-year absence from the local business scene, the colorful real
estate mogul recently acquired a trio of multifamily developments in the Bayou
City. And that’s just for starters. View
article
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Property
Pro Tests His Nose for Value—April 24, 2002, Wall Street Journal
By Sheila Muto
Maxwell Drever is selling off the last of the real-estate-investment-trust
stocks his firm holds and is getting back into the game of directly investing
in apartment properties. View
article
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Investment fund pays $32 million
for complex—Friday, October 11, 2002, Austin American-Statesman, Various
Publications
A major apartment complex near Dell Computer Corp. has a new owner: a former
Houston real estate mogul who left the state in the 1990s but now is back buying
properties in Texas. View articles
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Houston market remarkably stable despite
problems—March/April 2003, Apartment Finance Today Magazine, By Brad
Berton
Houston—Recession or not, it's been tough for even a renowned "contrarian"
apartment investor like Maxwell Bruce Drever and his Concierge Asset Management
associates to find the right value-added deals this time around. View
article
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BARGAIN HUNTERS SHOP AS APARTMENT MARKET WAVERS—March
17, 2003, Crittenden Apartment Newsletter
This is prime time for apartment investors waiting to grab assets. Interest
rates are low, home ownership is at a high, and some property sellers may be eager
to unload properties to use proceeds for other property types. View
article
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Drever Returns to [Atlanta]
Area With $500M War Chest—March 4, 2003, GlobeSt.com
By Alex Finkelstein
Maxwell Drever is back in town with a $500 million war chest and a new multifamily
acquisition in Grayson Park, the 18-month-old, 180-unit,
96%-leased community near Emory University Medical Center in suburban Decatur,
GA, five miles from Downtown Atlanta. View
article
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Drever's Affinity for Houston Closes
400-Unit Multifamily Deal—September 5, 2002, GlobeSt.com
By Jennifer Brenner Andrade
HOUSTON-The 400-unit Westchase Forest complex
at 11355 Richmond Ave. in the Westchase submarket has been sold to Drever Real
Estate Opportunity Fund LLC. It's the third large Houston apartment community
in 10 months to be purchased by an institutional real estate fund headed by Maxwell
Drever, who has accumulated a $500-million war chest for acquisitions. View
article
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MAXWELL DREVER RETURNS TO MARKET WITH ACQUISITION—August
12, 2002, Crittenden Apartment Newsletter
Contrarian apartment investor Maxwell Drever moves back into the Seattle area
with the acquisition of 400-unit Overlook at Lakemont
Garden in Bellevue. The community was purchased by the $500 million Drever Multifamily
Opportunity Portfolio Fund LLC for $38.6 million, or less than $100,000 per unit. View article
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Drever Buy: Lightning Loan
Closing—March 28, 2001, Multihousing Insight
The Drever REO Fund, LLC acquired the new Mallard Creek
Apartments, a 291 apartment home community in the affluent Houston suburb of Kingwood,
for $12,300,000 or $42,300 per apartment home. The seller, ... View
article
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Orphaned Apartments Find Benefactor—Apartment
Finance Today Magazine
Maxwell Drever is back in the apartment "adoption" business. Drever
has established Concierge Asset Management (www.drever.net) to acquire what he
calls "orphan" — that is, undervalued — real estate investment
trust (REIT) stocks and neglected properties. Concierge is accepting investments
from wealthy individual and institutional investors in its new REO ("real
estate orphans") Fund... View
article
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