Monument Real Estate Services to Manage Pembroke Park Apartment Community

PEMBROKE PARK, FL – Monument Real Estate Services, an A-Rod CORP company and a preferred manager of multi-family real estate, announced today that it has been retained to manage the Azure Villas apartment community, a 226-unit garden-style community in Pembroke Park, Florida. The assignment expands the firm’s management portfolio in the state to nine properties.

Located at 3752 SW 52nd Ave., Azure Villas spans across 51 one-story buildings, featuring one- and two-bedroom units. Community amenities also include a sparkling swimming pool, onsite laundry, high-speed internet access, expansive lake views and dedicated staff.

“We are very pleased with the assignment of Azure Villas and with its desirable location in between Miami and Ft. Lauderdale,” said Stuart Zook, Principal of Monument Real Estate Services. “As leasing activity increases in the region, and with South Florida’s vibrant economy, we look forward to providing high-quality management that will elevate the standard of living for the residents we serve as we expand our firm’s footprint throughout South Florida.”

As part of the firm’s comprehensive management services, a number of upgrades to the community will be implemented including exterior upgrades.

Azure Villas is ideally located in central Broward County, and is found near key transit routes and South Florida landmarks. The community is situated approximately five minutes away from Interstate 95 and Florida’s Turnpike, offering residents convenient access throughout the South Florida region. The apartment community is also located near a variety of shopping destinations, award-winning schools, local museums and parks.

Monument’s additional properties throughout Florida include Royal Oaks, Sunset Palms, and Emerald Place in Hollywood; Laguna Place in Kissimmee; Palm Island in Pompano Beach; Biscayne Shores in Miami; Woodland Meadows in Tamarac; and Park Plaza in Miami.

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About Monument Real Estate Services: Monument Real Estate Services (MRES) is an asset manager, property manager and value-add specialist that directs a full suite of services in the strongest multifamily markets nationwide. MRES manages a portfolio of more than 14,000 units in markets throughout the Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S. MRES provides guidance to institutional and individual investors in the acquisition, financing, and property management of income producing properties. With a foundation of institutional quality reporting, coupled with the hands-on style of an owner’s mindset, the company’s integrated approach is flexible and adaptable to both Class-A properties and properties requiring significant re-positioning. MRES is part of the Monument family of companies and is based in Miami.

About Monument Capital Management: Monument Capital Management (MCM) executes transactions on behalf of the three investment funds it directs, as well as acquisitions on behalf of a select number of private investors. Under its first two funds, MCM has more than $325 million of assets under management in multifamily properties Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S. Currently, the firm is deploying capital from its third fund and will target markets with a strong demand for workforce housing. MCM’s investment objective is to strategically identify assets in markets with attractive demographics at a deal size where competition is limited and its exceptional management team can add immediate operational value via its proven investment management model.