Monument Real Estate Expands, Appoints New Manager
- Jun 14, 2016
Orlando–Miami-based real estate management firm Monument Real Estate Services, is expanding its presence in Orlando. The company has been assigned to manage three apartment communities, including Barber Park, The Park at Laurel Oaks Apartments and Windrift Apartments, totaling 1,366 units, throughout the Orlando market. Concurrently, Monument Real Estate Services has appointed Summer Davis as regional manager for its Orlando office, who will oversee and manage the new assets, along with the rest of the firm’s Orlando portfolio.
Davis brings more than 10 years of experience in the field; prior to joining Monument Real Estate Services, she served as senior director of operations for Multifamily Management where she was responsible for all aspects of operations for 29 properties ranging from Albany, New York to Miami. Davis has also worked as a senior property manager for Merion Realty Management and as a regional director for PRG Real Estate Management. Davis earned a Bachelor of Arts in advertising and public relations from the University of Central Florida.
Built in 1991, Barber Park covers a 57-acre site located at 5300 Lake Margaret Drive in Orlando. The community boasts 526 units, including studio-, one- and two-bedroom floorplans, ranging from 450 square feet to 1,009 square feet, in garden-style three-story buildings. The Park at Laurel Oaks Apartments is located at 1 Laurel Oaks Drive in Winter Springs, occupying 34 acres. Constructed in two phases–in 1986 and 2000–the community features 552 apartment homes, from one to three-bedroom residences, averaging 968 square feet. Situated on 22 acres at 949 Crowsnest Circle in Orlando, Windrift Apartments consists of 288 garden style apartment homes ranging from 567-square-foot one-bedroom units to 1,077-square-foot two-bedroom units. The communities each feature a fitness center, tennis court, spa, swimming pool, BBQ area complete with courtyard and grill. According to Yardi Matrix, average rents as of May 2016 sit at $976 per month at Barber Park, $954 at The Park at Laurel Oaks and $968 at Windrift Apartments.
Monument Real Estate Services manages a portfolio of more than 12,000 units in markets throughout the South, Midwest and Mid-Atlantic regions of the United States. As part of the firm’s management services, the company will implement several improvements to the communities, including installation of new cabinets, appliances, lighting and flooring.
Property photos courtesy of Yardi Matrix.