ATLANTA, Mar 07, 2012 (BUSINESS WIRE) ?
Provence Real Estate, LLC, a prominent property management firm based
here, announced it has assumed management of two luxury apartment
properties in Louisiana. Provence will manage all operational aspects of
Ansley Place Apartments in Houma and Ansley Walk Apartments in
Lafayette, including marketing, leasing, staffing, maintenance,
accounting, capital improvements, and reporting.
?We are very pleased to be entrusted with managing these properties,
which are both class A luxury assets with strong fundamentals,? says Art
Lieb, Managing Partner of Provence Real Estate. ?We look forward to
applying our proven expertise in all aspects of property management to
maximize returns for the owners, while offering residents of the
communities with exclusive amenities and unparalleled services.?
Ansley Place Apartments, built in 2009, consists of 246 units, while
Ansley Walk Apartments, launched the same year, has 242. Both properties
offer 1-3 bedroom apartments ranging from 650-1,400 square feet.
Amenities at each include a resort-style pool with cabana, health
club-quality fitness center, business center, and movie theater.
According to David Hathaway, principal owner of the properties, ?After
careful consideration, we hired Provence Real Estate as the managing
agent for these assets since they have proven to us on multiple projects
that they consistently outperform the submarket.? He adds, ?Provence
also provides exceptional reporting capabilities that allow us to make
informed strategic decisions.?
Headquartered in Atlanta, Provence Real Estate also has expanded
operations to all Southeastern states. The company?s current management
portfolio includes more than 3,000 units?with a notable stabilized
portfolio occupancy of 95 percent. Provence has management contracts for
an additional 1,000 apartment units in 2012 and has hired a new regional
manager and support staff to accommodate this growth.
Provence also continues to actively build their business in the Atlanta
area. During 2011, the firm took over as managing agent of Montage Embry
Hills Apartments in North Atlanta, comprising 225 units. They currently
manage a total of 1,500 units in Georgia.
?Our success has been based on our capability to assist owners and
partners in strategic investments by adjusting quickly to market cycles,
maximizing the value of financial funding, and retaining talented
leadership,? Art Lieb concludes.
About Provence Real Estate, LLC
Provence Real Estate, LLC (
www.provencere.com )
is a privately-held real estate management organization with a focus on
multi-family assets. Headquartered in Atlanta, GA, Provence Real Estate
operates in several disciplines of real estate and offers talented
leadership with decades of experience in transactions, development, and
property management. Types of assets managed by the company include:
apartments, condominiums/ HOAs, student housing, high-rise properties,
mixed-use properties, retail, seniors housing, and military housing.
SOURCE: Provence Real Estate, LLC
Thirty Ink Media Jon Lieb/Anita Bell, 212-563-8025
Copyright Business Wire 2012
Article source: http://www.marketwatch.com/story/provence-real-estate-llc-assumes-management-of-two-luxury-properties-in-louisiana-2012-03-07
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