Cottonwood Residential News


Cottonwood Residential Purchases an Urban Landmark in Nashville, TN
Nashville, Tennessee - August 26, 2016

The Melrose Apartments, a local landmark in the Nashville, TN area, is the third class-A acquisition by Cottonwood Residential this month. Built on the site of the 1940-era Melrose Movie Theater, this apartment community now incorporates the 7,400 square foot historic movie space into trendy homes, resident amenities, and the destination restaurant, Sinema.

“Melrose combines southern charm and contemporary style to create a true living and entertainment destination,” said Dan Shaeffer, CEO of Cottonwood Residential.

Residents can choose one or two bedroom homes in a variety of layouts. The homes feature granite countertops, up to twelve foot ceilings, and stained concrete or hardwood-style flooring. The community offers unique amenities like a movie screening lounge and a music performance space.

This is the fifth property Cottonwood owns and/or manages in Tennessee, and the fourth community in the greater Nashville area. To find out more about The Melrose or information about pricing and availability please visit www.themelrosenashville.com.

Modern, Urban, and Walkable: Cottonwood Purchases Luxury 197-unit Elan Westside in Atlanta, GA
Atlanta, Georgia - August 3, 2016

Cottonwood Residential is increasing its investment in urban, walkable communities with the purchase of Elan Westside Apartments in Atlanta, Georgia. Elan Westside is a 197-unit luxury property located at 691 14th Street, just moments from the Westside Provisions retail district with shopping, entertainment, and some of the highest-rated restaurants in Atlanta.

Elan Westside has nearly 20 different floorplan options, offering a contemporary aesthetic with home features that include hardwood or concrete flooring, floor to ceiling windows, and stainless steel appliances. Elan Westside offers the convenience of on-site retail shops, including Revelator Coffee, Kane Boutique, Cooks & Soldiers and SIA.
“Elan Westside has a prime location with luxury design and amenities. This is the place where people want to be,” said Glenn Rand, Executive Vice President at Cottonwood Residential.

Elan Westside is the tenth property owned and/or managed by Cottonwood Residential in the greater Atlanta, Georgia area. To learn more about Elan Westside or to schedule a tour, please visit www.liveatwestside.com.

Cottonwood Acquires 267-Unit Historic Restoration Property in Charlotte, NC
Charlotte, North Carolina - August 3, 2016

Cottonwood Residential recently acquired Alpha Mill Apartments in Charlotte, North Carolina. This 267-unit property was uniquely transformed from a historic cotton mill to an upscale apartment community. Its unique location is just blocks from Uptown, Charlotte, and two miles from the Arts district of NoDa.

“Alpha Mill combines the classic design of the restored historic buildings with some of the best amenities in the area,” commented Brandy Hall, Vice President of Property Management at Cottonwood Residential. “People want to live here because of the convenient Uptown location.”

Residents can choose from nearly 30 different floorplans at Alpha Mill with one and two bedrooms, or studios. The apartments nicely blend modern finishes with historic charm, offering ceilings up to seventeen feet, exposed brick and wood beams, concrete floors and oversized balconies.

According to Chad Christensen, President and CEO at Cottonwood Residential, “Alpha Mill typifies what we’re trying to do in growing our portfolio with unique assets where we can create additional value for investors and residents.”

Alpha Mills has an expansive pet park, two large fitness centers, a resort-style pool, and an outdoor lounge with a fireplace and grilling area. Three sky lounges provide outstanding Uptown views. For more information about leasing an apartment please visit www.alphamillapartments.com.

Cottonwood Welcomes Jaynee Samnik to Vice President of Operations Role
Salt Lake City, Utah – August 9, 2016

Cottonwood Residential added Jaynee Samnik to its national team of property management professionals. Jaynee started in July 2016 as Vice President of Operations, bringing a wide range of experience and skills to the nationally-ranked multifamily REIT.

According to Glenn Rand, Executive Vice President of Operations, “Jaynee is an extraordinary person. She brings so much skill and passion, and has already hit the ground running.”

Jaynee has over 25 years of experience in the multifamily industry. She spent over 20 years at Archstone. During her time there she accumulated a wealth of knowledge and experience in property operations, technology services, revenue management, training, and development.

What excites her most as she takes the helm? Without hesitation, Jaynee remarked, “The chance to do amazing things with amazing people.”

In addition to her time at Archstone, she spent 15 years in Corporate Services. Jaynee led implementations for industry-leading systems such as LRO Revenue Management, online leasing, and leadership coaching programs. She also worked 2 years at Landmark Apartment Trust as the VP of Revenue Management and Property Systems, where she oversaw three departments and steered the company’s revenue and systems strategies.

Immediately prior to coming to Cottonwood, Jaynee served as Director of Client Strategies at The Rainmaker Group, consulting clients with revenue strategies and revenue performance utilizing LRO.

Cottonwood Residential Now Managing McKinney Uptown Apartments in Dallas, Texas
Salt Lake City, Utah - July 8, 2016

Cottonwood Residential was awarded management of McKinney Uptown Apartments, located in Dallas TX, on June 27, 2016. This urban, high-rise community features nine floors and 144 units. McKinney Uptown is in the heart of Uptown with easy access to the McKinney Avenue Trolley and popular venues in the area.

Each of the 23 unique floor plans include granite counter tops. Many of the homes have wood plank-style flooring and maple cabinetry.

Glenn Rand, Executive Vice President of Operations at Cottonwood Residential remarked, “Today’s residents want luxury amenities in walk-able urban areas. McKinney Uptown offers both.”

McKinney Uptown is the eleventh community in the Dallas area to be managed by Cottonwood Residential. The company currently owns or manages 70 communities in 17 states.