TOLEDO, OH - FOURMIDABLE, a diversified, national real estate management and brokerage company that specializes in managing public housing, tax credit, market rate, affordable, senior and condominium communities, announced their expansion into the Toledo market.
FOURMIDABLE was awarded the management contracts for Collingwood Green Phases I, II and III in Toledo, Ohio. Collingwood Green Phase I is a senior community consisting of 65 one and two bedroom apartments of which 33 units will be public housing. Collingwood Green Phase II is a 68-unit family community consisting of two and three bedroom townhomes, of which 34 units will be public housing. The newly constructed housing developments are mixed-finance and mixed-income communities, which are being developed using Capital Funds received by the Lucas Metropolitan Housing Authority.
Phase III, a 55-unit townhouse family development that is a continuation of Phase II, began construction in November 2018 and is expected to be completed in December 2019.
"FOURMIDABLE is proud to have been selected as the Management Agent for Collingwood Green. We are especially excited to be working with the Lucas Metropolitan Housing Commission to fulfill our mutual goal of providing quality housing to the residents of Collingwood Green," said Michael Schocker, President of FOURMIDABLE.
FOURMIDABLE was also awarded the management contract for Ashland Manor in Toledo, Ohio, a Section 8 community consisting of 189 units. Ashland Manor offers many amenities to their residents, including an on-site Service Coordinator, security service and ample common areas and amenities. The new owner plans to enhance the community's curb-appeal through landscape improvements and will also concentrate on hallway improvements and enhancements.
Ashland Manor was purchased by Lucas Urban Holdings, LLC, a new client of FOURMIDABLE. "We could not be more pleased to add the Ashland Manor property to our portfolio, along with our newest partner in Lucas Urban Holdings," added Mr. Schocker.
FOURMIDABLE currently manages nine apartment communities in Ohio consisting of over 960 units.