FOURMIDABLE ANNOUNCES CREATION OF COMMERCIAL AND RESIDENTIAL REAL ESTATE BROKERAGE DIVISION
FOURMIDABLE, a Bingham Farms-based national real estate management company, has announced the formation of a Commercial and Residential Real Estate Brokerage division. The announcement was made by FOURMIDABLE President Scott Allen.
The new brokerage division provides a new level of service to property owners, where in addition to property management services, FOURMIDABLE now can serve as the intermediary between buyers and sellers of real estate.
Recently, the FOURMIDABLE Commercial and Residential Real Estate Brokerage division was the listing broker for the Eagles Landing of Troy, part of a $60 million portfolio of apartment communities and office developments. This represents the division's largest sale to date. The division also closed the sale of Eagles Office Park and Rochester Commons in Rochester Hills and has several purchase agreements pending.
“FOURMIDABLE has served as the property manager for these projects since 2009 and we have been very successful at improving occupancy rates and putting in place strong, stable management teams,” said Allen. “Our new brokerage division adds an enhanced level of service FOURMIDABLE can provide to property owners, another value-added benefit for our customers.”
FOURMIDABLE currently manages apartment communities in seven states, with a portfolio including luxury rentals, condominiums, affordable housing, senior assisted living, public housing, retail and office developments. Its affiliated companies offering support for management companies include Agility-PM, a provider of back office accounting, HR, IT and compliance support; e-Crosstown LLC, a provider of free Wi-Fi amenity services to apartment residents and e-Phonz, a specialized telephone product for apartment management companies.
FOURMIDABLE is a national real estate management company that specializes in managing, marketing and leasing market rate, tax credit, senior and family government assisted and public housing apartment communities. Founded in 1975, FOURMIDABLE currently manages 65 communities in seven states, with more than 6,500 units under management. FOURMIDABLE is a member of the elite AMO (Accredited Management Organization) and is an approved management firm for HUD, MSHDA and other State Agencies. For more information, please call Scott Allen at 248-593-4610 or visit www.fourmidable.com