Tagged: savannah apartments

Kole Management Sells Apartment Portfolio, Focuses Solely on Property Management

Kole Management Sells Apartment Portfolio, Focuses Solely on Property Management

(Savannah, GA) Savannah-based Kole Management Co. is in the process of selling its portfolio of 13 apartment communities in two states to transition exclusively into property management. In its new form, the company will retain management of eleven of those properties.

“We have decided to devote all our time and expertise to third-party management and look forward to providing the same boutique, quality service to our clients and residents as we did when we were owner/operators,” said Kole ManagementCOO Khrista Villegas.

Kole Managementput its multifamily portfolio on the market in November, and all of its properties are under contract with closing expected in April and May. That portfolio consists of seven properties in Savannah, three in Macon and one each in Augusta and Canton, Georgia, and Charlotte, North Carolina.

”A number of factors, including historically low cap rates and broad investor interest in smaller market assets, came together to convince us that it was a good time to consider selling our portfolio,” said Kole Management Co.President, Jeff Kole. “Until recently, we had little interest in selling and were, in fact, building a robust and highly capable management company to oversee properties for ourselves and third parties. This sale provides us the opportunity to focus exclusively on offering boutique yet sophisticated property management for a wide range of apartments – from lease-ups to workforce housing – across the Southeast.”

The company expects to grow its multifamily property management portfolio with expansion into North Carolina and Florida, as well as additional properties in Macon. Details of those arrangements, as well as, the new positions brought on to support this growth, will be announced in the near future.

Kole Management company logo

ABOUT KOLE MANAGEMENT COMPANY
Family owned since 1991, Kole Managementwas founded by Donald Kole, the former owner of the Builderama home supply store chain. In 1994, Donald’s son, Jeff Kole, joined KMCand currently serves as president. What started as a small investment firm based in Savannah, Georgia, is now a rapidly growing third-party management enterprise, overseeing apartment communities throughout the Southeast. In addition to that, KMChas four warehouse distribution facilities equaling approximately 600,000 square feet. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

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New Downtown Apartments in Savannah Hosts Grand Opening Celebration Benefiting Coastal Pet Rescue

New Downtown Apartments in Savannah Hosts Grand Opening Celebration Benefiting Coastal Pet Rescue

(SAVANNAH, GA) Park + Broad, a new high-end boutique apartment community in the up-and-coming east side of downtown Savannah has selected Kole Management Company(KMC), a Savannah-based real estate management and investment firm, to manage the facility.

A benefit for Coastal Pet Rescue was held during the grand opening celebration and ribbon cutting on Thursday, June 28 at 5:30 p.m. Guests and residents were encouraged to bring pet food donations, and Park + Broadoffered to waive the pet fees for any resident who adopted an animal from Coastal Pet Rescuethis month. The Savannah Area Chamber of Commerce participated.

Park + Broad Grand Opening Benefitting Coastal Pet Rescue with Kole Management

Park + Broad Grand Opening Benefitting Coastal Pet Rescue

Kole Management Company and Coastal Pet Rescue

Kole Management Company Cuts the Ribbon at Park + Broad Grand Opening

The 70-unit property at 1020 E. Broad St. offers one- and two-bedroom apartments with 15 floor plans, all of which maximize natural light. Pet-friendly and located within walking distance of Beasley and Forsyth parks, the units feature 12-foot ceilings, quartz countertops, stainless steel Frigidaire Gallery appliances and in-unit washer/dryers.

The community includes free gated off-street parking, a 24-hour fitness center, a saltwater pool area that includes a cabana with a fire pit and gas grills, a package locker system, available storage lockers and a bicycle storage and repair room.

Park + Broad truly has it all,” said KMC President Jeff Kole. “State-of-the-art amenities and conveniences, off-street parking and location in a redeveloping part of downtown Savannah that’s close to area services, restaurants and entertainment.”

Park + Broad is currently in lease-up and can be viewed at www.parkandbroadapts.com, or tours can be arranged at 912-657-0300. Raleigh-based Chaucer Creek Capital is the primary investor in the property, which was developed by DPJ Residential and built by Choate Construction.

In addition to managing Park + Broad, KMCowns and operates 13 apartment communities in Savannah, Charlotte, Atlanta, Augusta and Macon with a total of about 2,500 units.

ABOUT COASTAL PET RESCUE
Coastal Pet Rescue is a 501©(3) non-profit animal rescue organization dedicated to saving the lives of homeless, abused and neglected dogs and cats in Savannah and surrounding areas. Founded in February 2003, Coastal Pet Rescuechanges the lives of homeless pets in Chatham, Bryan and Effingham Counties through its foster home program and small capacity shelter, Camp Pawsawhile Retreat. For more information on Coastal Pet Rescue, visit coastalpetrescue.org.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Kole Management Adds Two

Kole Management Adds Two

(SAVANNAH, GA) Kole Management Co. (KMC), a Savannah-based real estate investment and management firm, has added two key executives.

Hannah Headshot

Hannah Moore, Kole Management Co.

Hannah Moore, who has worked at Colliers International in Atlanta, is KMC’s new director of talent management. Moore also has worked as a paralegal and executive assistant and received a bachelor of science degree from Kennesaw State University in Kennesaw, Ga.

Katie Headshot

Katie Davis, Kole Management Co.

Katie Davis, the company’s new director of marketing, previously worked as a sales executive with RentPath in Savannah and has 10 years experience in marketing. Davis holds a bachelor of science degree from Pennsylvania State University in University Park, Pa.

KMC owns and operates 14 apartment communities with more than 2,500 units in Savannah, Charlotte, Augusta, Macon and Canton, GA. Most recently, Kole Management announced it was selected to manage Park + Broad, a new 70-unit upscale downtown Savannah boutique apartment property that’s currently in lease-up.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Kole to Manage New Downtown Apartments in Savannah

Kole to Manage New Downtown Apartments in Savannah

(SAVANNAH, GA) Park + Broad, a new high-end boutique apartment community in the up-and-coming east side of downtown Savannah has selected Kole Management Company (KMC), a Savannah-based real estate management and investment firm, to manage the facility.

Park + Broad

Park + Broad

The 70-unit property at 1020 E. Broad St. offers one- and two-bedroom apartments with 15 floor plans, all of which maximize natural light. Located within walking distance of Beasley and Forsyth parks, the units feature 12-foot ceilings, quartz countertops, stainless steel Frigidaire Gallery appliances and in-unit washer/dryers.

The community includes gated off-street parking, a 24-hour fitness center, a saltwater pool area that includes a cabana with a fire pit and gas grills, a package locker system, available storage lockers and a bicycle storage and repair room.

Park + Broad truly has it all,” said KMC President Jeff Kole. “State-of-the-art amenities and conveniences, off-street parking and location in a redeveloping part of downtown Savannah that’s close to area services, restaurants and entertainment.”

Park + Broad is currently in lease-up and can be viewed at www.parkandbroadapts.com, or tours can be arranged at 912-657-0300. Raleigh-based Chaucer Creek Capital is the primary investor in the property, which was developed by DPJ Residential and built by Choate Construction.

A grand opening celebration and ribbon cutting are scheduled for Thursday, June 28 at 5:30 p.m. The Savannah Area Chamber of Commerce will participate.

In addition to managing Park + Broad, KMC owns and operates 13 apartment communities in Savannah, Charlotte, Atlanta, Augusta and Macon with a total of about 2,500 units.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Elizabeth Buss Joins Kole Management Company as Regional Manager

Elizabeth Buss Joins Kole Management Company as Regional Manager

(SAVANNAH, GA) Elizabeth (Liz) Buss joined Kole Management Company (KMC) recently as Regional Manager.

In this new position, Buss is responsible for overseeing the operations of KMC’s nine Savannah area apartment communities, as well as The Palms Apartments property in the West Ashley area of Charleston.

“With her wealth of property management experience and extensive knowledge of the Savannah apartment market, Liz is the perfect person to occupy this key new position,” said KMC President Jeff Kole. “As we continue to grow, management expertise becomes increasingly important to Kole Management Company, and our management team, including Liz, is among the best in the business.”

Prior to joining KMC, Buss served as a District Manager or Property Manager with Carter-Haston Real Estate Services, High Associates, LTD & General Investment and Development.

The longtime Savannahian is a former board member of the Greater Savannah
Apartment Association. In her leisure time, Buss enjoys horseback riding, gardening and boating.

For more information on Kole Management, call 912-232-3555 or visit http://www.kolemc.com/

 

elizabeth-buss%2c-kole-management-company

Elizabeth Buss – Regional Manager, Kole Management Company

 

ABOUT KOLE MANAGEMENT
Kole Management Company owns and operates nine apartment communities in the Savannah area, two in Macon and one each in Charleston and Augusta, which collectively comprise more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 70 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. For more information on Kole Management, call 912-232-3555 or visit http://www.kolemc.com/

MEDIA CONTACT
Cynthia Wright
Director of Communications
Carriage Trade PR
Cecilia Russo Marketing
912.856.9075
http://www.carriagetradepr.com
cynthia.wright@carriagetradepr.com

Savannah Based Kole Management Company Hires Director of Property Management

(SAVANNAH, GA) Khrista Villegas has joined Kole Management Company (KMC) as Director of Property Management. In this key executive position, Villegas will have primary oversight of operations for 14 multifamily properties comprising more than 2,500 total units in Savannah, Charleston, Augusta and Macon. She will also be focused on continued growth of the company through seeking further development, acquisitions and investment opportunities.

Prior to joining KMC, Villegas was a Senior Regional Manager with Greystar, the nation’s largest 3rd party apartment management company. Previous to that, she served as Director of Operations for the Archetype Management Group, Johnson Development Associates and Colonial Properties Trust.

Villegas graduated from SCAD in 1998 BFA Interior Design. She currently serves on the Board of the Greater Savannah Apartment Association.

“Khrista brings a wealth of property management expertise and know how to KMC,” said President Jeff Kole. “She is already helping us improve our operations and professionalism and will be an invaluable resource as we continue to grow our portfolio and improve our capabilities.”

Originally from Atlanta, Villegas enjoys white water rafting, hiking, kayaking and anything outdoors in her spare time. She is married to Armando Villegas and the couple has four children.

Contact Villegas at kvillegas@kolemc.com. For more information on Kole Management, call 912-232-3555 or visit Kolemc.com

ABOUT KOLE MANAGEMENT
Kole Management Company owns and operates nine apartment communities in the Savannah area, two in Macon and one each in Charleston and Augusta, which collectively comprise more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 70 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. For more information on Kole Management, call 912-232-3555 or visit Kolemc.com

MEDIA CONTACT
Marjorie Young
Carriage Trade PR
marjorie@carriagetradepr.com
912.844.9990

Khrista Villegas, Kole Management, Savannah Apartments

Khrista Villegas, Kole Management, Savannah Apartments

Savannah Based Apartment Management Firm, Kole Management, Acquires New Macon Property

(MACON, GA / SAVANNAH, GA) Kole Management Co. (KMC), a Savannah-based apartment management & investment firm, recently acquired Legacy at River Crossing, a 200-unit apartment community in the affluent North Macon neighborhood of Arkwright.

It joins Falls at Spring Creek, an adjacent 296-unit apartment community which KMC acquired last year. Both are across the street from The Shoppes at River Crossing, the area’s foremost open-air retail, dining and entertainment center.

Legacy, built in 1987, offers a broad mix of large 1-, 2- and 3-bedroom units with black appliances, faux granite countertops and washer/dryer connections. The 50-acre property includes a pool with waterfall and outdoor grilling station and a fitness center and sauna. Kole Management plans a number of improvements, including remodeling the Office/Clubhouse and installing a new playground.

“Legacy at River Crossing is a great acquisition for Kole Management,” said President Jeff Kole. “It’s a well maintained property in one of the best submarkets in Macon and is contiguous to Falls at Spring Creek, which will enable us to serve residents better.”

KMC owns and operates 13 apartment communities, including nine in the Savannah area, two in Macon and one each in Charleston and Augusta.

Kole Management Logo

ABOUT KOLE MANAGEMENT
Kole Management Company owns and operates nine apartment communities in the Savannah area, two in Macon and one each in Charleston and Augusta, which collectively comprise more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 70 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. For more information on Kole Management, call 912-232-3555 or visit Kolemc.com

MEDIA CONTACT
Marjorie Young
Carriage Trade PR
marjorie@carriagetradepr.com
912.844.9990