Monument Real Estate Services Expands Footprint in South Carolina with Two Apartment Management Assignments

4/18/17

Firm’s management portfolio surpasses 1,697 units in South Carolina with addition of Hidden Park Apartments and Quail Pointe Apartments

Monument Real Estate Services, one of the country’s most skilled asset and property managers, announced today that it has been retained to manage two apartment communities in Spartanburg, South Carolina – Quail Pointe Apartments, a 100-unit community, and Hidden Park Apartments, a 100-unit community. The additional 200 residences brings the total number of units under management in South Carolina to 1,697.

“We are pleased to continue expanding our South Carolina footprint with the addition of Hidden Park Apartments and Quail Pointe Apartments to the Monument portfolio,” said Gregory J. Lozinak, CEO of Monument Real Estate Services. “We are proud to serve these communities and their residents.”

Located at 320 Spruce Street, Hidden Park Apartments is situated on eight acres and features six, two-story buildings comprised of spacious one-, two- and three-bedroom residences with large kitchens and over-sized closets. The garden-style apartment community additionally features on-site laundry facilities, picnic area and playground. Hidden Park Apartments is located at the intersection of Leland Street and Spruce Street and offers accessibility to Interstate I-85, public bus transportation and is in close proximity to the Spartanburg Regional Medical Center as well as Spartanburg's School District #7.

The garden-style Quail Pointe Apartments, situated on seven acres, is located at 460 East Blackstock Road and features one-, two-, three- and four-bedroom rental units across 11, two-story buildings and one, one-story building. Interior features include bay windows, air conditioning, dish washer, and wheel chair accessibility. Community amenities include laundry service, playground and guest parking. Its central location at the intersection of East Blackstock Road and Hidden Hill Road offers residents an easy commute to the area’s largest employment, shopping and dining centers.

The firm’s additional properties throughout South Carolina include Hampton Forest, Reserve at Cavalier and Park West in Greenville; St. Andrews, Peachtree Place and Country Walk in Columbia; as well as Park Square and Magnolia Townhomes in Spartanburg.

Monument Real Estate Services currently manages 60 communities across 10 states throughout the country and continues to expand its footprint in strategic locations and additional states including Kentucky, Illinois and Nevada.

Miami-based Monument Real Estate Services is within the Monument Capital & Asset Management family of companies. Monument Real Estate Services is an asset and property manager and value-add company that directs a full suite of services in high-performing multifamily markets nationwide, including the Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S. The firm’s management portfolio of more than 12,000 units includes properties owned by Monument Capital Management’s three funds and those controlled by third parties.

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 12,000 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 acquired more than $274 million of multifamily properties throughout the 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.

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