Fogelman Management Group (FMG) announced today that they have been awarded three new management contracts totaling 723 units in Colorado, Texas and North Carolina. These newly managed communities are as follows:
Eagle Ridge, located in Loveland, Colorado, was completed in 2002 and contains 168 apartment homes. The community is currently 96% occupied and offers one, two, and three bedroom floor plans with monthly rental rates from $799 to $1,359.
One Norman Square, located in Charlotte, North Carolina, was completed in 1992 and contains 192 apartment homes. The community is currently 98% occupied and offers one, two, and three bedroom floor plans with monthly rental rates from $770 to $1,150.
St. Laurent Apartments, located in Dallas, Texas, was completed in 1998 and contains 372 apartment homes. The community is currently 95% occupied and offers one, two, and three bedroom floor plans with monthly rental rates from $769 to $1,329.
According FMG President Mark Fogelman, “We are excited to continue to gain market share in these strategic growth markets for FMG, as we now operate more than 2,200 units in Texas, 1,500 units in North Carolina and 750 units in Colorado. These markets will continue to be targeted areas for our company“.
With these recent additions, Fogelman Management Group is now managing more 19,000 apartment homes, valued at more than $1.5 billion and located within 13 states and 25 cities across the Southeast, Southwest and Midwest regions of the country.
Fogelman Management Group, LLC (FMG) is a privately held, full service property management and investment organization, focused exclusively on the operations of multifamily apartment communities. FMG was founded is 1963 and is headquartered in Memphis, TN, with regional operational offices located in Atlanta, GA; Raleigh, NC; San Antonio, TX; and Overland Park, Kansas. The company has more than 500 full time associates.