Monument Real Estate Services Expands Texas Footprint with Two Management Assignments

Monument Real Estate Services Expands Texas Footprint with Two Management Assignments

HOUSTON, TX – Monument Real Estate Services, an A-Rod CORP company and a preferred manager of multi-family real estate, announced today that it has secured two multi-family apartment management assignments in Houston – West Point Village, a 330-unit garden-style asset, and Timber Run, a 120-unit garden-style community, surpassing 2,269 units across the state.

“We are very pleased with our expansion throughout the Houston market with these compelling value-add management assignments,” said Stuart Zook, Principal of Monument Real Estate Management. “As Houston transitions into a phase of strong growth in the multi-family market, we look forward to continued growth in this region as well as providing exceptional services and desirable amenity improvements to the residents we serve across the 10 properties we manage throughout the state.”

Located at 3635 South Shaver Street in the Pasadena suburb of Houston, West Point Village spans across seven, 2-story buildings and six, 3-story buildings, and is comprised of layouts ranging from studios to four-bedroom units featuring walk-in closets, range, and patios or balconies. The garden-style community additionally features a swimming pool, three on-site laundry centers, playground, basketball court, soccer field as well as gated access and 24-hour maintenance. Situated on 12.35 acres, West Point Village is located near major points of transit and medical centers, including Ellington International Airport, William P. Hobby Airport, and Bayshore Medical Center.

Timber Run, located at 13000 Woodforest Boulevard in the Spring, Texas suburb of Houston, spans across 11, two-story buildings and one, single-story clubhouse, and is comprised of studios, one-, and two- bedroom apartment homes featuring expansive closets, high speed internet access, fully equipped kitchens, and a private balcony and patio. Community amenities include a pool with gazebo, gated access, 24-hour maintenance, lush landscaping and convenient laundry center. Additionally, the apartment community is located near a variety of retail and outdoor destinations including New Forest Crossing Shopping Center, Texaco Country Club, and North Shore Park. Timber Run is also approximately 15 minutes away from Interstate 10 and is 10 minutes away from the Crosby Freeway.

As part of the firm’s comprehensive management services, a number of upgrades to the communities will be implemented including ground fault interrupters, parking lot and sidewalk improvements, HVAC replacements, upgraded landscaping, upgraded granite counter tops, fixtures, appliances, and plank flooring.

Monument’s other properties throughout Texas include Sutton Place in Corpus Christi; Crossings at Allen Square, Crossings Burke Regency and Crossings Sun Meadow in Pasadena; Driscoll Place in Houston; Terraces on the Parkway in Grand Prairie; Crossings at Irving in Irving; as well as Courtyards on Glenview in Fort Worth.

About Monument Real Estate Services: Monument Real Estate Services (MRES) is an asset manager, property manager and value-add specialist that directs a full suite of services in the strongest multifamily markets nationwide. MRES manages a portfolio of more than 14,000 units in markets throughout the Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S. MRES provides guidance to institutional and individual investors in the acquisition, financing, and property management of income producing properties. With a foundation of institutional quality reporting, coupled with the hands-on style of an owner’s mindset, the company’s integrated approach is flexible and adaptable to both Class-A properties and properties requiring significant re-positioning. MRES is part of the Monument family of companies and is based in Miami.

About Monument Capital Management: Monument Capital Management (MCM) executes transactions on behalf of the three investment funds it directs, as well as acquisitions on behalf of a select number of private investors. Under its first two funds, MCM has more than $325 million of assets under management in multifamily properties Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S. Currently, the firm is deploying capital from its third fund and will target markets with a strong demand for workforce housing. MCM’s investment objective is to strategically identify assets in markets with attractive demographics at a deal size where competition is limited and its exceptional management team can add immediate operational value via its proven investment management model.

Source Article

About The Author

Ben Holland