Friday, June 03, 2022
MACK PROPERTY MANAGEMENT ACQUIRES MANAGEMENT OF 362 MULTIFAMILY UNITS IN TWO ARIZONA MARKETS
Mack Property Management, L.P. (MPM), a wholly-owned subsidiary of Mack Real Estate Group, LLC, has acquired management of two apartment communities in Scottsdale, AZ and Flagstaff, AZ, totaling 362 units. Jennifer Willstead, President of MPM, made the announcement.
“We are excited to further expand our services in Arizona as we continue to grow the national footprint of the Mack Property Management platform,” said Jennifer Willstead, President of MPM. “Our goal at MPM is to take an owner’s perspective on management, leveraging cutting-edge technologies and best practices to ensure we’re delivering strong property performance and high resident satisfaction, and we plan to do the same in our new markets.”
MPM acquired management of Sterling Pointe in Flagstaff, AZ, consisting of 192 units, and Formation in Scottsdale, a new community consisting of 170 units developed by affiliates of Mack Real Estate Group. MPM provides property management services for multifamily and commercial assets in numerous markets nationwide including New York, Atlanta, Florida, Ohio, Washington, and California. MPM also offers third-party property management services through NEXT Property Management.
Over several years Mack Real Estate Group has consolidated various real estate investment and development activities under the Mack Real Estate Group brand to better communicate the scope and interdisciplinary nature of its national equity and debt investment, development, and management platform.
About Mack Real Estate Group
Mack Real Estate Group, LLC (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them. For more information, please visit http://mackregroup.com/.
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