HOUSTON—Monument Real Estate Services, an A-Rod CORP company, has secured two multifamily management assignments. West Point Village, a 330-unit garden-style asset, and Timber Run, a 120-unit garden-style community, expands the multifamily manager's Texas footprint, surpassing 2,269 units across the state.
“We are very pleased with our expansion throughout the Houston market with these compelling value-add management assignments,” said Stuart Zook, principal of Monument Real Estate Management. “As Houston transitions into a phase of strong growth in the multifamily market, we look forward to continued growth in this region as well as providing exceptional services and desirable amenity improvements to the residents we serve across the 10 properties we manage throughout the state.”
Located at 3635 South Shaver St. in the Pasadena suburb, West Point Village spans across seven, two-story buildings and six, three-story buildings and is comprised of layouts ranging from studios to four-bedroom units featuring walk-in closets, range and patios or balconies. The garden-style community additionally features a swimming pool, three on-site laundry centers, playground, basketball court and a soccer field as well as gated access and 24-hour maintenance. Situated on 12.35 acres, West Point Village is located near points of transit and medical centers, including Ellington International Airport, William P. Hobby Airport and Bayshore Medical Center.
“We have been investors and managers in Houston since 2006. We believe in the diversification of the economy and the city's resiliency in the wake of natural disasters and changing oil prices,” Zook tells GlobeSt.com. “As our focus continues to be on workforce housing, we are particularly excited about the east side including Baytown, Pasadena and Clear Lake, where the age of the properties and the proximity to jobs lends itself to a value-add strategy which improves the properties and provides the residents with an improved living experience.”
Timber Run, located at 13000 Woodforest Blvd. in the Spring, TX suburb, spans across 11 two-story buildings and one single-story clubhouse, and is comprised of studios, one-, and two-bedroom apartment homes featuring expansive closets, high speed Internet access, fully equipped kitchens, and a private balcony and patio. Community amenities include a pool with gazebo, gated access, 24-hour maintenance, landscaping and laundry center. Additionally, the apartment community is located near a variety of retail and outdoor destinations including New Forest Crossing Shopping Center, Texaco Country Club and North Shore Park. Timber Run is also approximately 15 minutes away from Interstate 10 and is 10 minutes away from the Crosby Freeway.
As part of the firm's management services, a number of upgrades to the communities will be implemented including ground fault interrupters, parking lot and sidewalk improvements, HVAC replacements, upgraded landscaping, upgraded granite countertops, fixtures, appliances and plank flooring.
Monument's other properties throughout Texas include Sutton Place in Corpus Christi, TX; Crossings at Allen Square, Crossings Burke Regency and Crossings Sun Meadow in Pasadena; Driscoll Place in Houston; Terraces on the Parkway in Grand Prairie, TX; Crossings at Irving in Irving, TX; as well as Courtyards on Glenview in Fort Worth.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
