Keystone’s Mixed-Use Development Wins Multiple IAA Prodigy Awards

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Keystone’s Mixed-Use Development Wins Multiple IAA Prodigy Awards

10/18/2011

Contact: Kellie DeVilbiss, President
Jupiter Communities, L.L.C.
401 N. Michigan Avenue, Suite 1300
Chicago, IL 60611
T: (312) 924-1601
kellie.devilbiss@jupitercommunities.com

FOR IMMEDIATE RELEASE

Indianapolis, Indiana (October 6, 2011) – Sophia Square grabbed the gold in several categories at the Indiana Apartment Association’s (IAA) 2011 Prodigy Awards on Thursday, October 6th.

Sophia Square received prestigious awards in three categories: the apartment community’s brochure was named Best Brochure (201-450 units), the one-bedroom Paris model was awarded Best Decorated Model (201- 450 units), and the one-bedroom Monacao style was distinguished as Best Floor Plan (Communities 1 -10 years in age) – Under 800 square feet.

“We are very excited,” said Kellie DeVilbiss, President of Jupiter Communities, LLC, the management and leasing firm for the building. “These awards are truly an honor for the Sophia Square team and a testament to their hard work and commitment to excellence. They’ve been recognized by their peers and by the Indiana Apartment Association for continuing to do an outstanding job.”

Located at the corner of Main Street and the Monon Trail in Carmel, Indiana’s vibrant Arts and Design District, Sophia Square offers 202 brand-new one-, two- and three-bedroom eco-friendly apartment homes as well as an underground parking garage and ground floor retail space. The wide selection of luxury residences at Sophia Square feature condo-quality finishes such as rich granite countertops, stainless steel and black energy-efficient appliances, full-size washers and dryers, luxe cherry cabinets, contemporary lighting and fixtures, verandas and balconies, and expansive windows with sweeping downtown and courtyard views. The pet-friendly community offers an extensive menu of resident amenities including an executive center, lounge, teaching kitchen, billiards, Wii gaming space and 3D cinema as well as access to the on-site Anytime Fitness health club. A key feature of Sophia Square is the European-inspired public courtyard with planters, seating, and a resident-only area with a pool, grilling stations, and sundeck. On-site retailers including Detour – An American Grille, Huddles Frozen Yogurt, Adara Day Spa, Taste of Sensu, and Café St. Tropez surround the courtyard.

The IAA Prodigy Awards program is held annually to celebrate multifamily housing companies and professionals that have demonstrated excellence in the previous year. Prodigy Awards are given to properties/companies who are top performers in several categories including marketing programs, resident retention, curb appeal, maintenance programs, staff training programs, and community amenities. The Prodigy Awards are presented in conjunction with the Awards of Excellence at the annual President’s Award Dinner, which takes place at the close of the widely attended Midwest Multifamily Exposition and Education Conference.

About Sophia Square

Developed by Keystone Construction Corporation, Sophia Square is a brand-new luxury apartment residence in Carmel, IN and is expected to be among the first in the area to be LEED Silver certified. Located at 110 West Main Street, adjacent to the Monon Trail, Sophia Square features 202 luxury one-bedroom, two-bedroom, and three-bedroom apartment homes and lofts. The European-inspired building also includes an underground two-story parking garage and over 45,000 square feet of ground floor retail space. Each residence at Sophia Square features black and stainless steel energy-efficient appliances, granite countertops, a washer and dryer, generous closet space and plentiful natural light. Additionally, the pet-friendly building offers a wide selection of resident amenities and an expansive public courtyard with planters, seating, and a resident-only area with a pool. For more information, visit www.sophiasquareapts.com or contact the leasing office at (317) 815-0110.

About Jupiter Communities
Jupiter Communities, a subsidiary of RAIT Financial Trust (NYSE: RAS), is a full-service multifamily property management company with approximately 11,000 apartment units under management nationwide. The leadership at Jupiter Communities boasts more than 50 years of industry experience managing and maximizing the value of apartment communities across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management. For more information, please visitwww.jupitercommunities.com or contact Kellie DeVilbiss at 312-924-1601.

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