September 09, 2015
Properties Located in Metro Atlanta and Athens, Ga.
Atlanta (September 9, 2015) – AH Capital and its vertically integrated management company, Sycamore Property Management, have chosen Stonemark Management to transition from self-performing to outsourced management. The communities, which Stonemark now manages, include a total of 2,341 units in the Metro Atlanta and Athens areas.
“We selected Stonemark because we believe its credentials, record of success and employee dedication will help our assets cross a new threshold of financial performance,” said Joel Miller, Executive Director of AH capital. “With some of our assets entering the market, we determined it’s best for all parties involved to have a partner like Stonemark providing guidance and stability.”
As of Aug. 31, Stonemark now manages:
Stonemark President Walt Lamperski said the firm is extremely pleased to partner with AH Capital on its Georgia portfolio.
“Their core values of educating and promoting on-site employees, improving the physical asset and enhancing financial results aligns beautifully with Stonemark’s initiatives,” Lamperski said. “Stonemark’s extensive experience and expertise in the Atlanta market will add great value to this new relationship.”
AH Capital produces opportunistic returns for investors in real estate markets by creating value through targeted asset repositioning. Since its inception in 2010, the privately-owned firm has successfully redeveloped more than $100 million of multifamily assets. Its subsidiary, Sycamore Property Management, has served as the firm’s managing entity since 2011.
About The Stonemark Group
The Stonemark Group focuses on the acquisition, financing, ownership, management and disposition of multifamily real estate investments in the Southeast, Texas and Virginia. The group includes Stonemark Equities and Stonemark Management. For more information, visit www.stonemarkmanagementllc.com.