RIVERGATE KW RESIDENTIAL Expands Bluerock Real Estate Relationship with New Charlotte Assignment

CHARLOTTE, NC — RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has secured a new management assignment near the Northlake Mall in Charlotte. The addition of the 473-unit Ashton Reserve at Northlake expands the company’s existing relationship with community owner Bluerock Real Estate.

RKW also manages five other Bluerock assets in the Carolinas and Florida including Arlo, which is a lease-up near Uptown Charlotte.

“We are thrilled to get this new assignment after our successful partnership with Bluerock,” said Marcie Williams, president of RKW. “This continues what has been a historic year in the life of our company. Fueled by our leadership, staff and incredible team of managers on the ground, RKW is reaching new heights in our home base of Charlotte and beyond.”

The Ashton Reserve addition bolsters RKW’s aggressively expanding portfolio, which now totals more than 13,000 units. That growth is leading to significant accolades for the company. For instance, the Charlotte Business Journal recognized RKW in its annual list of the largest property management companies in the area for the first time in the company’s four-year history.

Located at 10320 Grobie Way, Ashton Reserve offers a mix of high-end one, two and three-bedroom apartments. Unit features include plank flooring, large soaking tubs, walk-in closets, elegant kitchens with chef islands and granite countertops and washer and dryers.

Community amenities include a dog park, car care center, private media center, propane grilling stations, valet dry cleaning service, a state-of-the-art fitness center and cyber café with Wi-Fi printing.

Ashton Reserve residents can take advantage of the community’s proximity to Northlake Mall – a premier retail destination. The community also promotes an active outdoor lifestyle, with walking trails surrounded by lush landscaping and a large fire pit where friends can gather and enjoy the beautiful Charlotte evenings.

“We have enjoyed our working relationship with RKW and look forward to expanding on it with Ashton Reserve,” said Sarah Girand, Senior Vice President of Asset Management for Bluerock “We have no doubt that our residents will be in great hands and have all of their needs met.”

For more information, visit www.ashtonreserveatnorthlake.com

About RIVERGATE KW RESIDENTIAL: RIVERGATE KW RESIDENTIAL is a third-party multifamily property management firm headquartered in Charlotte with a regional office in Miami, and satellite offices throughout the Southeast. With 13,000 multifamily units under management and a growing footprint spanning six states, RKW delivers expertise in multifamily management through its technology, marketing and customer experience platforms. The firm’s principals have extensive experience in multifamily investments and property management including acquisitions/dispositions, developments, lease-ups, stabilized and value-add assets. RKW is built on the foundation of its People First Philosophy, which prioritizes client relationships, employee satisfaction, and top tier customer service for our residents. Through this, the firm delivers on its brand promise of “Expert People. Exceptional Places” to enhance property values and achieve success. RKW was formed out of the partnership of Rivergate Companies, a private real estate investment firm, and KW PROPERTY MANAGEMENT, one of the largest condo management companies in Florida representing more than 70,000 condo units. For more information, visit www.rkwresidential.com

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