Block Funds & Block Multifamily Group Closes on Acquisition of Trinity Bell Gardens

Block Funds and Block Multifamily Group (BMG) recently closed on the acquisition of Trinity Bell Gardens, a 240-unit luxury multifamily community located in Fort Worth, Texas.

"With low unemployment and the strong rent growth of Fort Worth, coupled with Trinity Bell being a newly constructed property, we feel that the positives in the marketplace will only accelerate the success of Trinity Bell Gardens," said Bill Larson, CPM, and President of BMG.

Trinity Bell Gardens was built in 2012 and boasts unique features like its "Big House" design. With an average unit size of 1,086 square feet and top-of-the-market interiors like stainless steel appliances and granite countertops, Trinity Bell Gardens is the prime multifamily complex in the area.

"We are excited to add Trinity Bell Gardens to our portfolio, which has grown to over 6,500 units since our first multifamily acquisition in January 2013," said Ken Block, Managing Principal of Block Real Estate Services.

Block Multifamily Perks Up Management Expertise for Folgers Complex

The old Folgers plant in downtown Kansas City, Missouri is once again brewing with activity…but  

not the coffee kind.

3 Tech Essentials for Multifamily Developments

The multifamily sector is experiencing a surge in luxury developments and to be a top player you must have the latest tech essentials. With endless options it's important for property managers to remain competitive and up on the latest trends that entice more move-ins. Here are a few cutting edge tools that will help your apartment community stay in the lead:

@BlockRes #CRE Deal of the Week - Ranch at Pinnacle Point

Grant Reves, Aaron Mesmer, Brian Beggs and Ken Block of Block Real Estate Services, LLC

(BRES) closed on the sale of Ranch at Pinnacle Point in Arkansas.

Renting is the New Buying: The Multifamily Demand

Construction activity has returned to pre-recession levels and is surging in the multifamily market. Fueled by the recession, the demand in this market has risen. However, the facilities being built today have a completely different flare than pre-recession developments.

Market Report 2015 Sneak Peak - Day 9 Block Multifamily Group

Block Multifamily Group (BMG) saw growth in several metropolitan areas during the year, each

WaterCrest at City Center

with a specialized strategic action plan.

All eyes in Lenexa, Kansas focused on Block Real Estate Services, LLC (BRES) Class A Property- WaterCrest at City Center.  BMG was charged with developing the leasing and marketing plan for this 308 unit property and hired an experienced leasing and management team for WaterCrest.  The team has demonstrated a successful blending of leasing, management and community involvement at the property level. While significant pre-leasing took place in the second quarter, occupancy began in earnest during September.  With a state of the art fitness center, a resort style pool and luxurious clubhouse amenities, WaterCrest sets the bar for Class A multifamily.

5 Spooky Mistakes When Welcoming A New Tenant

Welcoming a new tenant to your property can be outright bone chilling when things don't go as planned. Don't let the horror get to you! We have constructed a few tips to help you avoid any spooky mistakes so you don't have a tenant move-in nightmare:

Marketing to Millennials-Are You Positioned Correctly?

Millennials are the largest and most educated generation currently. Because of their size they have impacted the way companies and even property management companies are communicating with their customers. Most have switched to methods of creating a personalized communication as this is the type of communication the Millennial generation has responded the best to. A personalized communication is a unique message that utilizes nicknames, culture specific terms and unique vocabulary. With traditional media channels creating a unique interaction is next to impossible. This is why property management companies of multifamily units are turning even more to social media and websites to reach out and connect on a personal level with the Millennial audience.

Multifamily Development Grows in Lenexa, Kansas

WaterCrest at City Center
Lenexa, Kansas

KC's Multifamily Development Insights

With all of the new construction happening around the metro, it is no secret that multifamily development is booming in Kansas City. What makes this development cycle different from years past is the extent to which builders are gravitating towards the top end of the spectrum in both demographics and product type. Here are some insights that Block Real Estate Services, LLC (BRES) has gathered on Kansas City’s developing multifamily market:

Creating A Successful Multifamily Recycling Program

Getting buy-in from residents for a multifamily recycling program is a challenge for every property management company and private hauler. Greater individual success in these recycling efforts come from greater support and structure within the community encouraging such action. This week, Block Multifamily Group (BMG) VP of BMG, Justin Larson, presents at the Waste Expo Conference about how his team approach multifamily recycling programs. Here are some ingredients for Justin's recipe for a successful multifamily recycling program:

What Gen X Wants In A Multifamily Property

WaterCrest at Lenexa City Center (A Block Real Estate Services Multifamily Development and will be managed by Block Multifamily Group)

Block Multifamily Group 2014 Overview

The executive team at Block Multifamily Group (BMG) has over 35 years of experience in the operation of multifamily assets and provides the “ground-level look” at all facets of multifamily.

Day 10- Block Multifamily Group- 12 Day's of Why It's Great to be in Kansas City!

Block Multifamily Group (BMG) has had an exciting year with a variety of nation-wide acquisitions.  Our BMG portfolio has increased by 1300 units in four different locations stretching from 1,008 units in Texas, 232 units in Arkansas, and 72 units in Kansas.  Read more for the exciting developments from KC BMG on the developing multifamily housing trends and our showcase property, Bella Madera property.

Day 4 - Multifamily Development - 12 Days of Why It's Great to be in KC!

From the downtown to the suburbs, we are seeing great opportunities arise for successful multifamily

developments all over the Kansas City area. On day four of our Block Real Estate Services 12 Reasons Why It’s Great to be in KC, we will share the multifamily forecast for 2014 and feature one of our own multifamily developments.

Day 1 - Downtown Development - 12 Days of Why It's Great to be in KC

Kansas City is an exciting place to be right now and even the press is recognizing it. Last year, Bloomberg ranked KC number 15 in America’s 50 Best Cities. This year, Kansas City was also ranked 15th among the best cities to live. Much of the excitement around Kansas City comes from the downtown revival as the KC downtown is now booming with development and changes. For our first day on the 12 days of why it's great to be in Kansas City, Block Real Estate Services (BRES) reflects on some of the highlights of downtown development.

Trending In Multifamily: Amenities



In the commercial real estate multifamily market, investors are looking at quality assets in markets where the existing job market is stable and the future of job creation and job growth is on the horizon. Residents seeking multifamily housing in these markets are looking for amenities to match the up-and-coming lifestyle of these healthy job markets.  2014 multifamily developments will continue to show the demand for amenities for future developments.

The Benefits of Mixed-Use Development

Mixed-use projects which was the norm until the 1920's, is on the rise again. Mixed-use development is now more in demand in an effort to better use space and optimize urban areas.

BRES' Deal of the Week - River Trail

Aaron Mesmer, Brian Beggs, Grant Reves and Kenneth G. Block of Block Real Estate Services (BRES) handled the sale of River Trail Townhomes in Ogden, Kansas.

BRES' Deal of the Week - WaterCrest at City Center

Kenneth G. Block of Block Real Estate Services, (BRES) closed on a land deal for a future multifamily development located at I-435 and 87th Street in Lenexa, KS.