ALCO invests $8M in apartment buys, rehabs

Between acquisition and renovation costs, ALCO Management Inc. today announced plans to invest $8.15 million in three multifamily complexes in Tennessee and Kentucky. The Memphis-based real estate firm – which specializes in buying and rehabbing apartment properties, as opposed to new development – has hired Tennessee-based GSB contractors Inc. as general contractor and Memphis-based MMH Hall…

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Alco Management Lauded for Revitalization of Senior Community in Suburban Nashville

The turnaround at the 117-unit Riverwood Tower Apartments near Nashville, receives Community of Quality Award honors next week from the National Affordable Housing Management Association. The award recognizes Alco Management, Inc., which owns and manages the senior-living community, for its successful revitalization initiative. (Photo: Business Wire) March 19, 2013 09:00 AM Eastern Daylight Time MEMPHIS,…

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ALCO Management Begins $8 Million, Year-Long Housing Upgrade in Tennessee

MEMPHIS, Tenn., Jan. 20, 2011 (GLOBE NEWSWIRE) — ALCO Management Inc. today announced that financing has been secured and work has started on the first of four multi-family apartment communities slated for renovation throughout 2011. The recapitalization initiative is expected to transform 466 apartments at communities in Nashville, Memphis, Parsons and Camden, Tennessee through investments of more…

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