BOCA RATON, Fla. – September 2, 2019 – Weller Management, a leading property management and real estate investment services company, today announced the takeover of eight Florida properties, adding to the growing roster of clients that the company serves. This strategic expansion supports Weller’s client objectives of investing in quality multifamily housing in target markets throughout the Southeast.
“The strength of the multifamily investment market continues to perform better than alternative investments, so we are happy to support our clients’ meeting their investment objectives in acquiring these assets,” said Lori Krull, President of Operations and Partner at Weller Management. “We are well known for providing best-in-class management services to our clients, and we will continue to do just that at these properties, while providing exceptional living options for residents.”
Weller’s ability to grow is based on its diversity of clients with various investment objectives, and its capability to manage various asset classes, risk management and rehab/upgrade strategies.
This growth also brings an expansion of Weller’s operational staff to oversee its portfolio of properties and provide strategic guidance on services ranging from managing financial operations, implementing profitability programs, marketing and personnel management.
The newly acquired properties are:
- Nexus at Sawgrass, 501 Units, 2903 NW 130th Ave., Sunrise
- Laguna Bay, 456 Units, 2602 Fountainview Circle, Naples
- Marquis of Tampa, 354 Units, 18002 Richmond Place Drive, Tampa
- Ashley at Breakfast Point, 360 Units (to be renamed 10X Living at Breakfast Point), 9700 Panama City Beach Parkway, Panama City Beach
- Iona Lakes, 350 Units, 15000 Iona Lakes Drive, Fort Myers
- Exchange Lofts, 87 Units, 115 NE Third Ave., Fort Lauderdale
- Woodland Run, 65 Units, 3107 Woods Way, Gulf Breeze
- Enclave at Sabal Pointe, 129 out of 240 Units, 2148 54th Ave. S., St. Petersburg
In addition to these recent takeovers, Weller will be adding Vantage at Panama City Beach, a 288-unit community that will be purchased in September 2019, as well as a 321-unit lease-up in Riverview, Florida, that commenced construction earlier this year with first move-ins scheduled for November 2019.
For additional company information, history and services, please visit www.wellermgt.com.
Weller Management is a multifamily property management company with operations throughout the Southeastern U.S. Weller has grown to be a leading property management and real estate investment services company in the U.S. With a portfolio of properties under its management that encompass a distinct mix of demographics, Weller is dedicated to personal service and demonstrates a commitment to positively impacting the lives and communities that it serves.
Weller Management, Marketing Manager
O: 561.826.9022; C: 954.254.7992