VALUE COMPANIES ENJOYS BANNER NIGHT DURING NJAA ANNUAL AWARDS;HONORED AS MANAGEMENT COMPANY OF THE YEAR AWARD

VALUE COMPANIES ENJOYS BANNER NIGHT DURING NJAA ANNUAL AWARDS;HONORED AS MANAGEMENT COMPANY OF THE YEAR AWARD

Clifton, N.J.-based Company Takes Home Seven Awards In All During 18th Annual Garden State Awards Gala

CLIFTON, N.J. – November 3, 2011 – (RealEstateRama) — Value Companies, Inc., a leading developer, owner and manager of apartment communities entering its milestone 60th year anniversary, was crowned with the prestigious “Management Company of the Year Award” during the 2011 New Jersey Apartment Association’s (NJAA) 18th Annual Garden State Awards held at the Hyatt Regency in New Brunswick.

Given by a panel of real estate industry experts from New Jersey and beyond, the celebrated achievement distinguishes the Clifton, N.J.-based company as one of the state’s most exceptional residential apartment management companies.

In total, Value Companies, Inc. and its employees took home seven awards during the gala evening. In addition to Management Company of the Year, Betsy Trible was recognized as Leasing Agent of the Year (Multiple Properties); Pete Mroz received Maintenance Supervisor of the Year (Multiple Properties), Ricky Young of Gateways at Randolph for Maintenance Supervisor of the Year (Over 200 Units), Jarek Halajko of Crestview Apartments for Maintenance Supervisor of the Year (Central New Jersey), Gateways at Randolph for Best Curb Appeal and Foxhall Apartments for Best Managed Property (200 Unites and Under).

“The Management Company of the Year award is a significant achievement for Value Companies, Inc., especially when you consider we were going head to head with some of the most prestigious apartment managers in New Jersey,” says Jack Linefsky, Vice President of Property Management for Value Companies, which owns and manages a portfolio of over 3,600 residential units in New Jersey, New York, Pennsylvania, and Texas.

“The awards are a tribute to an exceptional staff of property managers, leasing agents, maintenance personnel and more who form the Value Companies team and are responsible for these exemplary efforts to serve our residents. To have prominent industry peers acknowledge Value Companies and our properties is certainly an honor and we look forward to continuing a high level of customer service and professionalism at every rental community throughout our portfolio.”

Value Companies, founded in 1952, is a leading real estate development, investment and management company. Across its development division, Value Companies has embarked on $50 million in new apartment in strategic suburban locations in New Jersey and New York.

Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs. Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management (VAM), provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property.

For more information on Value Companies and its rental communities, please contact the company headquarters at 973-473-2800 or visit www.valuecompanies.com.

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