Tampa, FL January 25, 2016 - Robbins/Elco Management (REM) announces the purchase of nine apartment communities in Texas, bringing their total number of communities under ownership and management to 57, with 16,984 total units.
- Three properties in Houston were purchased, with a total of 694 units: Aurora Place, Vantage Point and The Landings at Steeplechase.
- Two properties in Fort Worth were purchased, with a total of 362 units: Lofton Place and the Retreat.
- Three communities in Dallas were purchased, with a total of 850 units: South Pointe, The Carling on Frankford and Heritage Park.
- One property in Katy, 268-unit Retreat at Cinco Ranch.
All properties will be fully renovated and upgraded with enhanced residences, upgraded amenities and modern clubhouses.
Steve Robbins, Co-CEO of Robbins/Elco Management, said, "We are pleased and excited to have completed these significant acquisitions. We look forward to following our value-added business model to create fabulous apartment living for our residents and strong returns for our partners and investors. We anticipate another year of strategic and measured growth in 2016."
Robbins/Elco Management, along with their investment partners, purchases apartment communities and enhances them to meet the needs of those who wish to live in upscale residences in their communities. The high-end features offered in the newly remodeled apartments are comparable to what a resident would find in a high-end single family home. Fully renovated kitchens with new appliances, upgraded lighting and plumbing fixtures, USB outlets, plank flooring and resort style pools and club houses help provide outstanding resident satisfaction and high occupancy rates.
For more information, visit robbinsre.com.
Robbins/ Elco Management, LLC, (REM) is a joint venture between Robbins Property Associates and ELRH Investments. REM is a private owner-operator, providing services including apartment management, in-house due diligence, property acquisition and disposition and construction project management. Founded in 2009 with the objective to provide superior service, it has become a leader in the multi-family housing management industry. Along with their equity partners, the company currently owns 57 communities with over 16,000 units in Florida, Maryland, Texas and Georgia.
Based in Tampa, FL, and active throughout the Southeast and Texas, REM prides itself on both customer and employee satisfaction. They have been named a top employer by the Tampa Bay Times three consecutive years since 2013. The combined experience of onsite and corporate staff is what provides REM with its competitive edge, and why REM is a leader in the apartment management and investment industries. For more information about Robbins/Elco Management, visit http://www.robbinsre.com
Dana Hammond, Marketing/Training Director
Robbins Property Associates
4890 W. Kennedy Blvd., Suite 240
Tampa, FL 33609
Nancy Summers, Veranos Resources Marketing
& PR Services
High resolution photos are available.