June 15, 2015—BRC closed on the acquisition of Regency Towers.  This 11 story building features 174 apartments, 3 commercial/doctor suites, a swimming pool, a fitness center, a tennis court, 2 locker rooms, and garage parking.  BRC plans to complete $3 million of capital improvements in the next 18 months – the projects include renovations of the amenities space, new windows in each apartment, hallway renovations, boiler replacement, asphalt replacement, elevator modernization, additional signage, and improved landscaping.