Posted in Awards
MRG had another winning year at the 10th annual Diamond Achievement Awards, sponsored by the Apartment Association of Greater Memphis and held January 10th at the Kemmons Wilson Holiday Inn at the University of Memphis. Our eight awards included both of the event’s Outstanding Management Team honors (Monticello and Highland Chateau). For the third year in a row, MRG took home the trophy for Top Shop for best performance on a leasing mystery shop, thanks to Cassandra Johnson at Highland Chateau. And hats off to Dawn Barber, who was recognized as Best Multi-Site Supervisor, the second time Dawn has received this honor.
Congratulations to all of the 2014 MRG winners:
Best Clubhouse/Leasing Center, 8-18 Years Old: The Westbury
Assistant Manager of the Year, 1-299 Units: Marnita Beach Copes, Champion Hills at Windyke
Property Manager of the Year, 1-299 Units: Khristy Kline, University Crossing
Top Shop Award: Cassandra Johnson, Highland Chateau Apartments
Outstanding Management Team, 1-299 Units: Monticello Apartments
Outstanding Management Team, 300+ Units: Highland Chateau Apartments
Above and Beyond Maintenance Award: Steve Craft, Corporate Rovers
Best Multi-Site Supervisor, 501+ Units: Dawn Barber
Posted in Press
As reported in this recent Daily News article, 2013 has been a banner year for Angelo’s Grove in Marion, Arkansas, the retail center developed by MRG in 2008. The center started 2013 at just 37% occupancy and will wrap up the year at 75%. New tenants include Andrey’s Pizza and Grill, Dr. Erin Mitchell with Crittenden Regional Hospital, a new dentist office, Chicken City and an Army and Marine Corps recruiting center.
Makowsky Ringel Greenberg CEO Michael Greenberg recently addressed a crowd at the annual Urban Land Institute’s 2014 Real Estate Outlook for the Mid South, sharing that the geographic location of the existing market supply of apartments isn’t likely to match future demand. While there is new development occurring in the market, it appears to be more about accommodating shifts in the market that will leave older apartments vacant in favor of newer properties. More in this Memphis Business Journal article.
Download Michael’s presentation here.
Posted in Multi-Family Trends
Homeownership ain’t what it used to be. Maybe the American dream is shifting to flexibility and freedom from debt.
That’s a sentiment shared by 24-year-old Ph.D. student Sam Lustgarten with many in the Millennial generation, who are satisfied with renting and are waiting longer and longer to consider homeownership, if they want to consider it all.
It’s probably a bit soon to tell whether or not the current generation of young adults will shun ownership altogether or merely delay it as they are delaying other major life milestones such as marriage and having a family. But it does appear that the recession did, in some way, make an indelible impression on our youth that is likely to have a sustainable impact on the multifamily industry.
Read more in this USA Today article.
Posted in Awards
Gary Makowsky, chief development officer for Makowsky Ringel Greenberg, has received CPM® (certified property manager) accreditation. CPM members must complete numerous hours of education to earn their designation and must meet a continuing education requirement to retain their designation. Gary joins firm principles Michael Greenberg and Jimmy Ringel, who also have the CPM designation.
Tags: MRG Memphis
Makowsky Ringel Greenberg is proud to announce that construction has begun on The Signature, a 251-unit luxury apartment community that is expected to have units available for lease as early as Spring 2014. The Signature is located in Schilling Farms, the popular 443-acre mixed-use development located in historic Collierville.
With a garage-to-apartment ratio of just over 75%, The Signature will offer residents one of the more sought-after apartment community amenities. The community will also feature a large pool, fitness center with adjoining children’s playroom, and clubhouse.
Designed to appeal to a more affluent renter who wants the feel of a home but the convenience of apartment living, apartments and townhouses in The Signature at Schilling Farms will be nestled within a larger residential area, and bordered by ample green space. Park-like areas will be prevalent throughout the highly-walkable 18-acre site that borders a lake and connects by trail to paths that meander throughout the entire Schilling Farms community.
Traditional-style architecture consistent with the design criteria of Schilling Farms and the southern feel of Collierville will include a mix of brick and hardi-type siding and employ both hip and gable roof styles for visual interest. Boasting larger-than-average floor plans, quality finishes, and an amenity package consistent with higher-end apartment communities around the country, these luxury 1, 2, and 3-bedroom apartments will offer everything a home could, without the mortgage and upkeep.
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