Unconventional Structuring Coupled with a Buy and Hold Philosophy Fuel AZ Apartment Developers Expansion
By: MC Companies
SCOTTSDALE, Ariz. - Jan. 9, 2015 - PRLog -- MC Companies nearly two hundred million dollar ($200,000,000)
MC Companies Owners Ken McElroy and Ross McCallister, LOVE Apartment Development, and have expanded asset growth in 2014. Their eye for under managed value add apartment communities with significant upside potential, leveraged with their MC Residential in house property management group has created significant value with their apartment acquisitions.
A prevailing share of Partner and President of MC Residential Communities, Lesley Brice day are chock full with the nuances of running a fast paced for profit development enterprise, acquiring and repositioning (1,500)+ additional apartment units each year, coupled with the day to day oversight of operations of the MC Residential 7,500 and growing owned and managed apartment units throughout the Southwest.
“Levering our inherent core strength for numbers, financial statements and bottom line approach to property performance of our assets has a favorable impression with our lenders and partners, easing the way for each next new deal in what has become a complicated development environment since the great recession,” says Tanner Bickelhaupt, responsible for Capital and Acquisitions and the main contact between MC Companies and investment partners.
Industry experts Ross McCallister and Ken McElroy joined forces in 1985 to build a partnership based on their strengths and decades of experience and success. While Ross and Ken share a common goal of delivering exceptional service, results and return on investment, they each bring a unique owner/investor/
About MC Companies:
MC Companies http://www.mccompanies.com is a real estate investment, development, construction, and management company specializing in the multifamily properties and commercial markets. MC Companies has completed over $500 million in multi-family and commercial value-added transactions since 1985.