MIAMI—Monument Real Estate Services (MRES), a Miami-based property management firm, is heading to Raleigh, NC. The company has opened a regional office there, from which it will oversee about 25% of its current commercial real estate portfolio.

MRES manages a multifamily portfolio of over 12,000 units, mainly in markets in the Southwest, Southeast, and Mid-Atlantic. With the Raleigh regional office, the firm hopes to improve efficiencies for its managed properties across North Carolina, Virginia, and Maryland. Raleigh in itself is a hot multifamily market.

“As we continue to expand our portfolio with new management assignments, we made it a priority to establish a regional office that would allow us to conveniently and efficiently implement our hands-on approach to serving all our multifamily properties,” says Ginny Decker, vice president of Property Management for MRES. “MRES currently manages more than 1,100 units in the Raleigh-Durham market, and Raleigh is also within proximity to service our communities in the Mid-Atlantic region, so it serves multiple strategic needs.”