Larger Cities Serve as Multifamily Investor Magnets

Terraces on the Parkway is a 296-unit community in Grand Prairie.

FORT WORTH—Terraces on the Parkway and Courtyards on Glenview are now part of a portfolio of approximately 12,000 units that Monument Real Estate Services manages, mainly in the Southwest, Southeast, Midwest and Mid-Atlantic regions. The firm also manages 12 other multifamily properties throughout Texas.

Stuart Zook, president of Monument Real Estate Services, tells GlobeSt.com: “Metropolises like Dallas-Fort Worth and Houston, as well as smaller surrounding cities, continue to be appealing markets for multifamily investment. In such a competitive marketplace, owners value Monument’s hands-on approach to streamlining the operations of workforce housing communities. Whether Monument owns the property or is managing it for a third party, we strive to understand the unique needs of each community and provide personalized service. We’ve found this strategy to be a key component in maintaining high occupancy and reducing tenant turnover.”