MT. HEALTHY, Ohio, Aug. 17, 2017 /PRNewswire/ -- Today, KMG Prestige announced it has been chosen to manage the newly renovated Clovernook Apartments. Purchased approximately one year ago by PIRHL, the property offers 1, 2 and 3 bedroom apartments and townhomes, with 466 homes in total. Since the time of the acquisition, PIRHL has initiated major interior and exterior renovations, investing over $40,000 per unit. Clovernook Apartments will be converted from a market rate community to a Low-Income Housing Tax Credit (Section 42) community.
Recently, President & CEO of KMG Paul Spencer noted, "We are pleased to have been chosen to manage this community. Our goal is to deliver exceptional management services at the lowest possible cost, while ensuring that all residents enjoy a fulfilling housing experience." KMG Prestige has considerable experience in the administration of HUD 201, 221 (d4), 236, Section 8, Low-Income Housing Tax Credit (LIHTC) Rental Housing Program and Market Rate.
KMG Prestige has been awarded Top 100 Employers in Detroit from the Detroit Free Press for two years in a row and is certified by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO). As licensed Real Estate brokers in Michigan, Illinois and Ohio, team members hold positions in organizations ranging from the American Service Coordinators to Detroit Metropolitan Apartment Association (DMAA) and the Property Management Association of Michigan (PMAM).
KMG Prestige employees have been awarded or certified in a diverse range of areas including Certified Occupancy Specialist, Accredited Resident Manager, Certification for Management of Maintenance, Certified Insurance Counselor, Certified Property Manager, Lead Paint Certification and more. KMG Prestige is also a proud sponsor of the Coalition on Temporary Shelter, Neighborhood Service Organization and the Michigan Housing Council.
Founded in 2004 as a full-service investor, developer, general contractor and owner of single-family and multi-family housing, PIRHL's mission is to provide affordable housing across America while driving revitalization. PIRHL is firmly committed to the sustainability of today's communities through the creation of high-quality housing for America's workforce and middle-class through both new growth and revitalization.
Currently, PIRHL has 42 communities in eight states comprised of both new construction and renovation, serving the Midwest, Mid-Atlantic, Northeast and Southeast regions of the U.S. PIRHL is recognized as one of the Top 50 Affordable Housing Developers by Affordable Housing Finance. PIRHL Contractors, who have over $3 billion in combined executive construction experience, are vital to PIRHL's mission of sustainability.
About KMG Prestige
Established in 2006 with origins dating back to 1975, KMG Prestige has grown from a small startup to a management service managing over $1 billion in assets, consisting of 22,000+ dwelling units in 6 states. KMG is client driven and uses economies of scale to reduce daily client expenses while providing an exceptional housing experience for all residents. Learn more about KMG Prestige by visiting http://www.kmgprestige.com.
SOURCE KMG Prestige