November 19, 2009 13:57 ET

SARES REGIS Group Adds 12 Apartment Communities to Management Portfolio Totaling 3,649 Units

IRVINE, CA--(Marketwire - November 19, 2009) - The Multifamily Property Management Division of SARES REGIS Group has added 12 apartment communities with 3,649 units to its management portfolio. The division now manages 59 properties totaling 16,850 units in California, Colorado and Arizona.

The properties range from new Class-A, mixed-use and transit-oriented urban developments to mature garden-style communities. Three of the properties were developed by SARES REGIS Group. They include two Southern California projects registered with the United States Green Building Council and built to LEED standards.

"Property owners are choosing SARES REGIS Group because of the superior expertise and professionalism of our people in the field and at regional levels plus the strength of our accounting operations. We also have exceedingly strong training programs," said Michael Bissell, the division's president.

But there are other important elements responsible for the recent surge of new management assignments, Bissell said. The company has earned No. 1 rankings in independent national benchmarking surveys and blind resident satisfaction polls. Additionally, SARES REGIS Group has implemented a "rent optimizer program" that maximizes revenues in a way that is similar to sophisticated pricing models used by the hotel and airline industry, he said.

"In a strong market, the program tells you how and when to push rents up faster. In a down market, you don't lose tenants and revenues as fast as your competitors," Bissell said.

The 12 recent management assignments are representative of the diversity of assets in the SARES REGIS Group property management portfolio. They include a 192-unit lease up in San Francisco, a Class A mid-rise and a Class B garden community in the Denver area, as well as Class A and B assets in the California cities of San Jose, Sherman Oaks, Corona and Moorpark.

Three apartment communities among the division's new assignments were developed in Southern California by SRG. They are:

--  Westgate in Pasadena, a transit-oriented development that is planned
    for a total of 820 apartments upon completion. The project is being built
    to the United States Green Building Council's LEED standards.
--  The Crossing in Anaheim, a 312-unit transit-oriented development that
    also is being built to LEED standards.
--  The Grove in Ontario, with 258 apartments.

SARES REGIS Group is one of the leading developers and managers of commercial and residential real estate in the western United States. Currently, the company has more than 4 million square feet of commercial industrial in the entitlement process and 1,962 residential units in pre-construction and development. SARES REGIS Group has a combined portfolio of property and fee-based assets under management valued at more than $4 billion, including 15 million square feet of commercial and industrial space and 16,850 rental apartments. Since its inception the company has acquired or developed approximately 44 million square feet of commercial properties and 19,000 multifamily and residential housing units. For more information, go to

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