Strikes Two New Partnerships During Third Quarter
Valdosta, GA – December 1, 2011 – (RealEstateRama) — Ambling Management Company (AMC) announced new growth to its conventional and affordable portfolios. The property management company recently inked new partnerships with Paces Foundation and also Alliant Real Estate Investments. The new deals add a total of 14 properties to the company’s growing client roster.
The Paces Foundation is well-known as a provider of creative and affordable housing solutions. Five of the company’s sites were transitioned from a prior manager to Ambling Management Company in early September. In Georgia, these properties include The Lodge on Marsen in Rabun Gap, Enota Village in Young Harris, Nantahala Village in Blairsville and Montgomery Landing in Savannah. In South Carolina, Manor York, located in Rock Hill, was also included in the new partnership agreement.
While Alliant Real Estate Investments is located in Wood Hills, California, the company chose Ambling to manage its portfolio after a selection process in September. Management contracts for five Georgia-based communities were awarded in the contract along with three properties in Mississippi and one in Tennessee. The Georgia properties include Dawnville Meadows in Dalton, Heritage Gardens in Cornelia, Poplar Grove in Griffin, Whispering Pines in Decatur and Valley Hill in Riverdale, as well as Madison Glen in Vicksburg, MS, Cypress Meadow in Canton, MS, Magnolia Park in Jackson, MS and Chester Park in Jackson TN.
Remarking on Ambling’s recent growth, president Kimberly Barkwell, commented, “Companies are turning to Ambling when they need a management company they can count on, one who will work hard, and stay committed through the challenges. We have proven that we have the people, the industry experience and expertise, and the persistence to prevail in tough circumstances. With this solid foundation, we anticipate continued growth in the exciting months to come.”
These newly acquired contracts bring Ambling Management Company’s ever-growing managed portfolio of conventional, senior and affordable housing to a total of 14,883 units. Ambling Student Housing, a division of Ambling Management Company, currently manages an additional 19,068 beds of student housing located throughout the country.
ABOUT Ambling Management Company
Ambling Management Company is an affiliate of Ambling Property Investments, a fully integrated owner and manager of residential real estate, providing high quality housing solutions for a variety of niche markets. Based in Valdosta, Ga., Ambling Management Company provides quality property management services for student, conventional, affordable, senior and military housing for clients throughout the U.S. Ambling Management Company manages a portfolio of more than $1.5 billion and 175 properties in 19 states. Founded in 1997, Ambling Management Company recently ranked among Multifamily Executive Magazine’s top 50 management companies.