USRG moves into Illinois, Ohio and Kentucky
U.S. Residential Group LLC (USRG), a multifamily management company for affordable apartments, has been handpicked by a Cleveland-based private real estate investment group to manage a portfolio of 10 conventional apartment communities throughout Illinois, Ohio and Kentucky.
U.S. Residential Group LLC is a subsidiary company of C-III Capital Partners LLC, led by Chairman Andrew Farkas. The group is comprised of real estate industry specialists that provide professional services, such as marketing, leasing and maintenance to owners of multi-family properties across the United States.
The Ohio real estate investor plans to outsource their management to USRG in order to focus on expanding their portfolio of multifamily properties, while utilizing USRG’s growing national platform. USRG President Al Fenstermacher is confident about the new alliance and the benefits this client will receive from outsourcing to USRG.
“This assignment complements our goal of broadening our operating area, and forming new relationships with quality developers and investors,” said Fenstermacher. “Our clients benefit by outsourcing the day-to-day property management with the quality training and support provided by USRG while they focus on growing their apartment portfolios.”