CHICAGO, IL - ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announced today that Todd Stofflet has joined the Chicago team.
Stofflet brings more than 15 years of experience owning and brokering multifamily assets throughout the Midwest and Southeast and has negotiated the sale of well over $700 million of assets for many of the most recognizable owners in the industry including AIMCO, Equity Residential, UDR, Alliance Residential, and Resource Real Estate.
In addition, Stofflet managed the acquisition, renovation and disposition of more than 2,000 units on behalf of his private investment partners.
“This is an excellent fit for ARA Midwest, our clients, and Todd Stofflet. He is the undisputed leader in Kentucky’s primary markets in terms of product knowledge, experience and production volume,” said ARA Midwest Principal Debbie Corson. She added, “Todd’s primary focus will initially be Kentucky markets, but his Chicago home-base is key to ARA Midwest’s strategic growth plan, expanding opportunities in Greater Chicago, Wisconsin, and Michigan. Our clients are the driving force behind our expansion efforts and you can bet ARA is going to meet that demand by seeking out the best and the brightest the market has to offer and we’ve found that in Todd .”
Stofflet is a graduate of Miami University and studied international business at Miami’s campus in Luxembourg.
To schedule an interview with ARA Midwest regarding this press release or for more information about ARA, please contact Debbie Corson at dcorson@ARAusa.com or 312.899.1094
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in average annual production volume of $5.4 billion in real estate transactions since 2004. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com