Another CMBS special servicing assignment has been awarded to U.S. Residential Group, Inc. through its Real Estate Services division. The assignment is for management services on Eagles Landing, a recently foreclosed 200 unit garden style apartment community located in Garland, Texas, a suburb of Dallas.
According to Todd Minor, President of Real Estate Services for U.S. Residential Group, "Our division provides lenders and CMBS special servicers a resource for multifamily receiverships and REO management. For this recent engagement, in addition to providing management services, we procured property insurance which resulted in significant savings to the special servicer."
U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of apartment professionals with more than 30 years of experience from each region of the country, U.S. Residential Group and its key employees have experience managing over 80,000 apartment units.
Services offered include fee-based apartment management for both conventional and affordable communities with a heavy emphasis on stabilization and repositioning of distressed properties, resident retention programs, construction and rehabilitation management, capital needs assessments and transitional management of REO property. In addition, USRG's Real Estate Services Division provides a valuable resource for troubled or challenged communities, bridging the gap between owners, lenders, buyers and sellers.
For more information on U.S. Residential Group, Inc., please visit them on the web at www.USResidentialGroup.com or call (469) 546-6400