CHICAGO, IL - Jupiter Communities, a multifamily property manager, announced that it recently entered into agreements to manage five new properties in three states with a total of 1,270 units. Jupiter Communities' current property management portfolio spans 17 states and includes 51 properties with approximately 12,000 units under management.
Source: Jupiter Communities
The five newest properties represent an expansion into Tennessee, entry into the Dallas/Fort Worth market, and continued growth in Alabama. These new properties include:
Murfreesboro, Tennessee – 278 units
Dallas, Texas – 296 units
Frisco, Texas – 320 units
Fort Worth, Texas – 198 units
Huntsville, AL – 178 units
"Jupiter Communities is proud that we are able to continue our planned expansion in the midst of a challenging economic climate," said Kellie DeVilbiss, President of Jupiter Communities. "Our current growth is a direct result of our quality performance on our existing properties, which has yielded client referrals and increased our network of satisfied customers."
Jupiter Communities, LLC, a subsidiary of RAIT Financial Trust (NYSE: RAS), is a full-service multifamily property management company with approximately 12,000 apartment units under management nationwide. The leadership at Jupiter Communities has more than 50 years of industry experience managing and maximizing the value of apartment communities across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management.