HIGH POINT, NC - Blue Ridge Companies, a High Point, NC-based real estate development and management company, has announced plans to break ground on expansions to three different communities in their portfolio. Additional three-story, garden-styled residential buildings will be added to; Reserve at Glenburnie in New Bern, NC, Reserve at Park West in Spartanburg, SC, and Millcrest Park in Fort Mill, SC.
The three communities were originally built in the mid-2000’s and share a similar amenities package. Improvements in the newest phases include 9 ft. ceilings, bathrooms with cultured marble vanity tops and sinks, upscale floor plans amply sized up tp 1,300 square feet, upgraded kitchens with stainless steel, double sinks and designer espresso finished cabinetry, faux granite countertops and large capacity, energy-efficient appliances. Select units will offer faux wood-grained flooring and silver metallic appliances.
“As we continue to create sought after communities in new markets, we’ve experienced strong, positive growth in our existing assets. Based off of our current performance and confidence in the growth potential that we have in these markets, we’ve decided to expand these three high performing communities. Once complete, we’ll have added 108 more units at Millcrest Park and 144 new units at Reserve at Park West. ”says Susan Passmore, Executive Vice President for Blue Ridge Companies. “The Reserve at Glenburnie will add 120 new units, to bring our portfolio to 11,603 units under management.” adds Passmore.
Blue Ride Companies’ focus is on identifying multi-family opportunities and developing communities that offer convenient, well-located properties in the local community. The newest additions will increase the number of the communities’ most demanded floor plans that are available for renters in each of their respective markets.
“We’ve been very pleased with the performance in the original phase of these properties. We’re glad we can continue to invest further into these communities and create new homes for residents located in desirable, growing cities and towns.” The company delivered the first Phase II units in New Bern prior to the end of 2015 and anticipates delivery in Spartanburg and Fort Mill sometime during the second quarter of 2016.
About Blue Ridge Companies: Blue Ridge Companies is a leader in third party management services for the multi-family housing industry. Working in partnership with property owners, BRC actively manages all aspects of multi-family real estate development, construction, and management. With an understanding that each property is unique, Blue Ridge employs customized management strategies to perform in different markets. Blue Ridge’s management services are dynamic in design, and proven in practice. For over a decade, Blue Ridge managed properties have outperformed their markets through the combination of exceptionally trained on site teams and guidance from our seasoned regional and corporate personnel. Balancing innovative technology with the expertise only experienced insight can bring, Blue Ridge has improved industry recognized best practices and formed a comprehensive approach to property management that they refer to as Positive Impact. This approach focuses on the maximization of growth of our clients’ assets, improved net operating income through optimized rent revenue growth and efficiently reducing expenses. Employing and improving best practice methodologies with well-trained and motivated on-site teams, Blue Ridge Companies produces sound, innovative results that enhance the communities which they serve.
Information about Blue Ridge Companies is available by calling Tami Fossum at (336) 889-1546.