Value Asset Management (VAM), a full-service division of the Clifton, N.J.-based Value Companies, Inc., has been retained to oversee the leasing and management of a 100-unit rental community in Somerset County’s Bridgewater Township.
The new assignment is indicative of the company’s growing reputation as an industry leader in the operation of a broad range of apartment assets in the New Jersey metro rental market. The ten-acre property — formerly called Woodmont Square at Bridgewater and newly renamed Bridgewater Square — was recently acquired by its owner who immediately called on VAM for its expertise in the management, leasing and marketing of boutique and mid-sized communities.
“Bridgewater Square is another example of where Value Companies’ award-winning team of professionals can quickly step in to assist a property owner in the day-to-day management of its assets,” says Jack Linefsky, Vice President of Property Management for Value Companies.
“In the case of Bridgewater Square, it was purchased by a private real estate investor who was seeking a full service company with a strong track record for providing efficient and effective operations, a high level of customer service and satisfaction and an increased leasing velocity and resident retention. VAM brings the extensive experience of managing a portfolio of more than 3,000 apartment homes across all rental product types and sizes. We’re excited to add Brightwater Square to our community roster. ”
Built in 2012, Bridgewater Square is located at 100 Bellis Court and offers a mix of two-bedroom/two-bath apartments housed in a three-story buildings. All homes provide 1,100 to 1,200 square feet of space. Some units feature a private balcony or patio. Bridgewater Square is also pet-friendly.
A suite of indoor and outdoor amenities is offered at the community, including a fully-equipped clubhouse with fitness center, game room, club room and business center. Outside, residents find a playground, walking trails, half-basketball court, BBQ/picnic areas, dog run and residents-only courtyard.
Bridgewater Square is ideally situated near major highways, including Interstate 287 and Routes 22, 202 and 206, which bring the area’s business, shopping and recreation centers within easy reach. The community is less than ten minutes from the popular Bridgewater Commons shopping center, and the township’s major employers are just a quick trip away. There’s also plenty of outdoor pursuits nearby, including golf courses such as the Green Knoll Golf Course, Raritan Valley Country Club and Fox Hollow Golf Club, as well as the gardens and history of Dukes Farm.
Value Asset Management was formed by Value Companies to provide full-service management capabilities and customized asset solutions to third-party real estate investment and property owner clients. Headed by CEO and President Andrew Abramson, Value Companies has an outstanding background in property management for more than six decades; and its proven experience and passion for excellence have established the company as one of the northeast’s leading real estate developers, owners and managers.
Value Asset Management offers a “hands on” approach, staffing communities with the kind of multifamily professionals, leasing agents and maintenance personnel that have been instrumental in crafting Value’s sterling reputation for customer service and management efficiency, Mr. Abramson points out.
As its corporate name suggests, Value Asset Management also, but not exclusively, specializes in value-add multifamily investments; properties where there are opportunities to redevelop, reposition, or generally improve the fixed assets, curb appeal, resident relations, maintenance operations and other programs that make improving real estate an exercise in community building and value creation such as Dorchester Manor in New Milford and Ridge Park Apartments in North Arlington.
Another added bonus is Value’s unique skill set that comes from developing, owning and managing a variety of properties, including large-scale suburban and urban sites and low- and mid-rise buildings.
For more information on Value Companies’ third party property management services, please contact the company headquarters at 973-473-2800 or visit www.valuecompanies.com.