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| Ashley Park Apartments, Houston, TX |
Atlanta, GA –
Stonemark Management is making big strides into new markets. The firm is now
managing multifamily communities in Arizona, while expanding its management
portfolio in Texas.
In Mesa,
Arizona, near Phoenix, Stonemark is now managing agent for The Brittany Apartments, which has 92 units, and Sierra Madre, a 206-unit property.
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| The Brittany Apartments, Mesa, AZ |
The firm is
supervising more than $1.3 million in renovations over the next two years.
Residents at both communities will receive new appliances, flooring and
fixtures. Improvements are also planned for the pool areas, landscaping and
exteriors.
Plus, the Brittany will get better heating and
air conditioning, while Sierra Madre’s fitness center and leasing office will
be refurbished.
Stonemark
also added another Houston, Texas community to its management portfolio – Ashley Park, which is being renamed The
Edge at City Centre.
The firm is
managing a $2.1 million renovation of the 284-unit property, which will get a
brand new fitness center and laundry room. Plans include upgrading the
interiors, exteriors, both pool areas, the clubhouse, landscaping, signs and
the parking lot.
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| Michael Taylor |
Privately
held real estate investment firm 29th Street Capital recently acquired all
three communities, choosing Stonemark to manage its new assets.
“Stonemark has been an excellent management
partner, and we look forward to the added value its team will bring to these
properties,” said 29SC Managing Partner Robb
Bollhoffer.
Stonemark now
manages apartment communities in 10 states, and is looking to further expand
its footprint.
“Stonemark is
actively seeking management and partnership opportunities in Southeastern and
Southwestern markets,” said Michael
Taylor, CEO of The Stonemark Group. “We pride ourselves on our depth of
experience in the management, leasing, marketing, due diligence, design,
development and rehabilitation of multifamily properties.”
For a complete copy of the
company’s news release, please contact:
Thornton Communications
Thornton-Communications/112101288827299
http://twitter.com/Ttho
p:404-932-4347
| Terri@TerriThornton.com
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