Happy New Year! It’s hard to believe that 2018 is already here, but at JVM we could not be more excited about the 12 months ahead.
2017 marked another stellar year in the history of our company. For starters, we closed on the acquisitions of three great apartment communities: Circa in Indianapolis, Avant at the Arboretrum in suburban Chicago and Summit on Quality Hill in downtown Kansas City.
We also launched renovations of communities in Aurora, Ill., metro Cleveland and suburban Kansas City. Furthermore, we increased our equity raising capability with the hiring of Jon Eastman as vice president of capital markets for the eastern U.S., and we again received a Best Places to Work in Multifamily Award from the Multifamily Leadership Summit.
Now, with the new year just underway, we’ve already announced the successful closing of two equity funds, and we’re set to close on the purchase of another community in downtown Kansas City before the month is out. We anticipate significant portfolio growth in 2018. Meanwhile, the secondary and tertiary Midwest markets that make up our portfolio are set for another year of healthy operating fundamentals, which will create strong asset values and position our investors for optimal returns.
At the same time, we will continue to give back to the neighborhoods and cities in which we operate. At JVM, nothing is more important to us than being a responsible and caring member of the community. Accordingly, our associates receive paid time off to serve local charities, and we also provide corporate gift matching to support the charities that are important to our associates.
These are exciting times at JVM, and we are appreciative of the chance to share our story with you in this e-newsletter. Thank you for your continued trust in JVM, and here’s to a great 2018!
President & CEO