Category Archives: Value Companies

Brokerages Lease for a Cure

Posted on May 18, 2011 | Leave a comment


Andrew Abramson


By Roslyn Lo
Real Estate Weekly

When cancer struck at the heart of Andy Abramson’s family, the CEO of Value Companies, Inc, a real estate development and property management firm, took it personally.

In 2007, he co-founded the Cure Breast Cancer Foundation, Inc. (CBCF), a 501(c) 3, non-profit organization, and then enlisted a number of partners to help sponsor charity events.

To date, CBCF has raised more than $1.3 million through events such as an annual golf tournament, charitable walks and other fundraising activities.

Fully 100% of its net fundraising proceeds are donated to the Memorial Sloan Kettering Cancer Center in Manhattan to support the ground-breaking research being conducted there by noted oncologist Dr. Larry Norton.

Last year, Abramson created the Lease for a Cure initiative to get more real estate companies involved in the effort. After raising $25,000 in just one month, the CEO is confident that this year’s event will be even more successful. “This time we’re aiming for $100,000,” Abramson said.

Abramson credits the formation of the charity to his daughter Carly who crafted her mother, Lisa, a beaded key ring after she was diagnosed with breast cancer when she was 12 years old.

Fueled by the love for her mother and undaunted by the challenges, with the help of friends and family, Carly and went on to raise $10,000 making and selling crafts.

Today, Carly and Andy continue to hold true to the belief that no idea is out of the realm of possibility and their second annual Apartment Owners Lease for a Cure initiative — a month-long event held during Breast Cancer Awareness Month in October — has shown once again what can be achieved.

When it first came about, Abramson’s goals were modest. “We were trying to come up with a means of getting more involved in the real estate community. Initially it was calling close friends and associates, pitching ideas, without any expectation. The results were positive,” he said.

“I was convinced that anything that can be done to advance the progress being made in cancer research should be a priority and that money was obviously a critical factor in furthering this work.”

The premise is simple: each company that participates in Lease for a Cure agrees to donate $10 for every lease that is signed during October. Last year, 15 major real estate companies took part, including Value Companies, Affiliated Management, AvalonBay Communities, Bertram Associates, BNE Associates, CJ Lombardo, Gibbs Family Properties, Goldberg Realty, JK Management LLC, KRE Group, Kriegman & Smith, Inc., Pen Realty LLC, Quaker Group, Roseland Properties, Segal & Segal, Solomon Management LLC and Sterling Properties.

This year, with the help of new partnerships, Abrams expects the magnitude of Lease for a Cure’s success to increase.

For the second annual Lease for a Cure, CFBC is working with the New Jersey Apartment Association. “The apartment industry has long been known for its incredible generosity, and Lease for a Cure gives us a chance to point our resources to a wonderful cause — curing breast cancer,” said Jean Maddalon, executive vice president of New Jersey Apartment Association.

“Everyone is connected to a life that has been saved or extended as a result of research funded by efforts like Lease for a Cure. We are honored to participate by promoting the $10 per lease contribution at our upcoming convention, May 23-25 at the Atlantic City Convention Center.”

Abramson said CBCF continues to branch out with its charity efforts, with many events slated for the 2011 calendar. To find out more, visit www.curebreastcancerfoundation.org or call 973-471-2223.

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Cure Breast Cancer Foundation Prepares to Tee Off at the Fourth Annual Golf Classic to Benefit Breast Cancer Research

Posted on May 12, 2011 | Leave a comment

Cure Breast Cancer Foundation (CBCF)

The Organization’s Yearly Outing Will Take Place on Monday, June 20th at Mountain Ridge Country Club

The Cure Breast Cancer Foundation (CBCF), a non-profit 501 (c) 3 organization, will host its 4th Annual Golf Classic on Monday, June 20th at Mountain Ridge Country Club in West Caldwell, New Jersey.

The event supports and raises funds for the breast cancer research efforts of Dr. Larry Norton, the Deputy Physician-in-Chief for Breast Cancer Programs and the Medical Director of the Evelyn H. Lauder Breast Center at Memorial Sloan-Kettering Cancer Center. Fueled by the overwhelming support from last year’s Golf Classic, 2010 proved to be the most successful year on record for CBCF, recording its highest fundraising totals in its history.

The Golf Classic will begin at 10:30 a.m. with registration and brunch, followed by a shotgun start at 12:30 p.m. A $1 Million Hole-In-One Shootout and raffle drawing for a 2011 red Camero convertible will also take place. The festivities will conclude with a dinner reception where the Foundation’s Scientific Advisor, Dr. Larry Norton, will address guests.

“Each year attendance grows and the golf outing proves to be more successful than it was the year prior,” says Executive Director Leslye Schulman. “We have already received tremendous feedback from those interested in participating and the event was just recently announced.”

“We are so grateful to those who continually support CBCF. Your generosity is helping us make tremendous strides in the battle against breast cancer.”

Since its inception in December 2007, CBCF has raised in excess of $2 million through events such as the annual Golf Classic, walk-a-thons and other fundraising efforts. The foundation donates 100% of its net fundraising proceeds received to the Memorial Sloan-Kettering Cancer Center in Manhattan and other national and international research facilities to support the ground-breaking research being conducted by noted oncologist Dr. Larry Norton and his colleagues.

Dr. Norton’s research focuses on the theory of breast cancer “self seeding”: the ability of breast cancer cells to move and start new cancers growing, not only in distant organs like the bones and liver (called metastases), but in the breast itself. This behavior is referred to as “self seeding” as it recalls the way weeds take over a garden: not by the growth of each individual weed plant, but by the seeding of new weed plants that grow in a confluent fashion. By this concept, breast cancer is not one mass, but rather a collection of contiguous smaller masses.

This method of growth is indeed true in certain experimental models and research is ongoing to prove that it happens in people as well. It explains many aspects of cancer: rapid growth, disorganization, formation of new blood vessels, need to irradiate a breast after a lumpectomy for cancer and the association of all of the above with distant metastases. If correct, it will provide new targets for the development of drugs to treat and prevent cancer. Since “seeding” is an abnormal process—as opposed to the normal process of mitosis—such drugs may not only be more effective, but less toxic as well. Hence, the concept of self-seeding is not only interesting from the point of view of biology, but also possibly very important in the design of better approaches to cancer management and prevention, as well as in finding a cure.

Registration is now underway for the 4th Annual Golf Classic. Those interested in participating can call (973) 471-CBCF (2223) or email leslye@curebreastcancerfoundation.org for additional information. Corporate Sponsorships are also available.

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Wall Street Journal: Fighting Cancer is Family Effort

Posted on April 11, 2011 | Leave a comment


Funding breast cancer research is a family affair for the Abramsons.

The North Caldwell, N.J., family started the Cure Breast Cancer Foundation as a way to expand on a small fund-raising effort started by Carly Abramson. Her mother, Lisa, was undergoing breast cancer treatments at Memorial Sloan-Kettering when Carly made her a key ring as a gift. The key ring proved so popular that Carly began making and selling them to support the hospital. She raised thousands of dollars, but wanted to do more.

Andrew Abramson, Carly’s father and president and chief executive of Value Companies, a real-estate and property management firm located in New Jersey, wanted to build on his daughter’s successes and so in 2007 formed the Cure Breast Cancer Foundation.

“When she said, ‘What more can we do?’ that’s when we approached Dr. Larry Norton,” says Mr. Abramson. Dr. Norton is the Deputy Physician-in-Chief for breast cancer programs and Medical Director of the Evelyn H. Lauder Breast Center at Memorial Sloan-Kettering Cancer Center.

Mr. Abramson and Dr. Norton met decades ago when they served on committees for another hospital. Over the years, they remained in touch and Dr. Norton was the physician that urged more regular screening for Mrs. Abramson based on a family history of breast cancer.

“It’s because of the fact that she was already being checked a little bit more thoroughly, that when she was diagnosed the first time we were immediately in the system and we were able to move quickly,” says Mr. Abramson.

Dr. Norton’s research focuses on the theory of breast cancer “self seeding,” meaning that breast-cancer cells move and cause new cancers to grow in other organs, as well as in the breast. A classic example of the theory is when breast cancer is found again in the original surgical site where it was initially removed.

“There are tremendous implications for this research,” says Mr. Abramson. “It not only applies to breast cancer but appears to apply to a lot of other cancers, such as prostate, lung, colon and other similar type cancers.”

In all, the Cure Breast Cancer Foundation has raised $2 million for Dr. Norton’s research. About $1.5 million, including a recent grant of $400,000, has gone to support research at Memorial Sloan-Kettering. Funds have also gone to support Dr. Norton’s research at other institutions.

The majority of funds raised come from golf tournaments, walks, fashion shows and a tennis tournament, but Carly, now a college sophomore studying art, still makes key rings to support the foundation.

See the article in the Wall Street Journal.

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2010 Valley Goes Pink! Cancer Walk Contributes to the Most Successful Fundraising Year on Record for Non-Profit CBCF

Posted on March 3, 2011 | Leave a comment

CBCF


Cure Breast Cancer Foundation Supports Research Efforts Under the Direction of Dr. Larry Norton of Memorial Sloan-Kettering Cancer Center

2010 proved to be the most successful year on record for the Cure Breast Cancer Foundation, which recorded the highest fundraising totals in its history.

The non-profit 501 (c) 3 organization raised donations through a variety of special events and charitable drives conducted throughout the year to support breast cancer research under the direction of Dr. Larry Norton, Deputy Physician-in-Chief for Breast Cancer Programs and the Medical Director of the Evelyn H. Lauder Breast Center at the Memorial Sloan-Kettering Cancer Center.

Many of the fundraising events, such as the 2010 Valley Goes Pink! Valley National Bank Breast Cancer Walk, far exceeded previous totals. Held last fall, the 2-mile Valley Walk attained its highest level of participation from employees and friends of Valley National Bank. The Walk raised more than $120,000 for Dr. Norton’s efforts, almost doubling last year’s total contribution.

“One of the keys to our success in 2010 were the number of corporate sponsors and their employees who participated and were eager to get involved with such a worthy cause,” said Executive Director Leslye Schulman. “Locally-based in Wayne, N.J., Valley National Bank has a strong commitment to charitable community endeavors and stands as one of our most dedicated partners. We can’t express enough how thankful we are for their efforts with the Valley Goes Pink! Walk.”

Since its inception in December 2007, CBCF has raised in excess of $2 million through events such as the annual Golf Classic, walk-a-thons and other fundraising events. As always, 100% of the net fundraising proceeds received by the foundation are donated to the Memorial Sloan-Kettering Cancer Center in Manhattan and other research facilities to support the ground-breaking research being conducted by noted oncologist Dr. Larry Norton and his colleagues.

Dr. Norton’s research focuses on the theory of breast cancer “self seeding”: the ability of breast cancer cells to move and start new cancers growing, not only in distant organs like the bones and liver (called metastases), but in the breast itself. This behavior is referred to as “self seeding” as it recalls the way weeds take over a garden: not by the growth of each individual weed plant, but by the seeding of new weed plants that grow in a confluent fashion. By this concept, breast cancer is not one mass, but rather a collection of contiguous smaller masses.

This method of growth is indeed true in certain experimental models and research is ongoing to prove that it happens in people as well. It explains many aspects of cancer: rapid growth, disorganization, formation of new blood vessels, need to irradiate a breast after a lumpectomy for cancer and the association of all of the above with distant metastases. If correct, it will provide new targets for the development of drugs to treat and prevent cancer. Since “seeding” is an abnormal process—as opposed to the normal process of mitosis—such drugs may not only be more effective, but less toxic as well.

Hence, the concept of self-seeding is not only interesting from the point of view of biology, but also possibly very important in the design of better approaches to cancer management and prevention, as well as in finding a cure.

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Leslye Shulman Named Executive Director of Cure Breast Cancer Foundation

Posted on March 2, 2011 | Leave a comment

CBCF


Leslye Schulman, who has more than 13 years overseeing non-profit organizations and spearheading significant fundraising efforts, has been named the new Executive Director of the Cure Breast Cancer Foundation (CBCF), a non-profit 501 (c) 3 organization which supports breast cancer research efforts of Dr. Larry Norton Deputy Physician-in-Chief for Breast Cancer Programs and the Medical Director of the Evelyn H. Lauder Breast Center at the Memorial Sloan-Kettering Cancer Center.

In her new role, Ms. Schulman will be responsible for the overall management of the non-profit, including day-to-day operations, fundraiser event planning, donor recruitment, increasing exposure, communication with Board of Directors, distribution of donations, implementing charitable goals and initiatives and much more.

“We’re very excited to bring Leslye on board with CBCF,” says Andrew Abramson, secretary of CBCF. “She’s been responsible for raising $25 million for charitable organizations through a variety of creative annual fundraising events, including telethons, radiothons, golf outings, etc. Her knowledge and talents will unquestionably allow CBCF to grow and reach new heights under her leadership.”

Prior to joining CBCF, Ms. Schulman served as Assistant Executive Director/Executive Director at New York City-based Variety-The Children’s Charity where she was chief administrative officer and spokesperson for the group, overseeing operations, administration functions, fundraising, special events and marketing and public relations. She’s also performed as the Special Events Coordinator for The Hole in the Wall Gang Camp in New Haven, CT where she coordinated all major events to raise funds for children with cancer to attend the camp.

Since its inception in December 2007, CBCF has raised in excess of $1.8 million through events such as the annual golf tournament, walk-a-thons and other fundraising events. Fully 100% of its net fundraising proceeds received by the foundation are donated to the Memorial Sloan-Kettering Cancer Center in Manhattan and other research facilities to support the ground-breaking research being conducted by noted oncologist Dr. Larry Norton and his colleagues.

Dr. Norton’s research focuses on the theory of breast cancer “self seeding”: the ability of breast cancer cells to move and start new cancers growing, not only in distant organs like the bones and liver (called metastases), but in the breast itself. This behavior is referred to as “self seeding” as it recalls the way weeds take over a garden: not by the growth of each individual weed plant, but by the seeding of new weed plants that grow in a confluent fashion. By this concept, breast cancer is not one mass, but rather a collection of contiguous smaller masses.

This method of growth is indeed true in certain experimental models and research is ongoing to prove that it happens in people as well. It explains many aspects of cancer: rapid growth, disorganization, formation of new blood vessels, need to irradiate a breast after a lumpectomy for cancer and the association of all of the above with distant metastases. If correct, it will provide new targets for the development of drugs to treat and prevent cancer. Since “seeding” is an abnormal process-as opposed to the normal process of mitosis-such drugs may not only be more effective, but less toxic as well. Hence, the concept of self-seeding is not only interesting from the point of view of biology, but possibly very important in the design of better approaches to cancer management and prevention, as well as in finding a cure.

Cure Breast Cancer Foundation
The Cure Breast Cancer Foundation (CBCF), is a Clifton, N.J. -based not-for-profit 501(c) 3 charity devoted to fund breast cancer research on the growth and spreading of breast cancer cells, also known as self seeding, under the direction of Dr. Larry Norton and his colleagues.

The founder and president is Carly Abramson. Her father, Andrew Abramson, is secretary. Leslye Schulman is Executive Director. For more information, call (973) 471-CBCF (2223), e-mail info ( @ ) curebreastcancerfoundation dot org or visit the Web site at www.curebreastcancerfoundation.org.

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Demand Pushes Value Companies to Pick Up Development Pace

Posted on February 11, 2011 | Leave a comment

MultiHousing News
February 10, 2011
By Barbra Murray, Contributing Writer

Middletown, N.Y.– Value Companies barely had a chance to blink before renters claimed each one of the 52 recently completed residences at The Point at Sutton Hill, the developer’s upscale apartment project in Middletown, N.Y. The quick lease-up has prompted Value Companies to release the units in another structure scheduled to make its debut in early spring, and to commence construction of The Point’s next set of buildings way ahead of schedule.

The Point will ultimately encompass 112 luxury garden-style residences in 10 buildings at 2 Underhill Road, a location within close proximity to highways and public transportation that can allow for a 90-minute commute to Manhattan. The recently completed units span five structures and offer one-, two- and three-bedroom floor plans. The next building to come online will feature 12 units, 25 percent of which have been claimed in advance by eager renters.

Nationally, the apartment market is improving. According to a new report by Marcus & Millichap Real Estate Investment Services, the U.S. apartment vacancy will drop 110 basis points to 5.8 percent this year. However, the level of recovery pales in comparison to the numbers Value Companies is seeing in its portfolio, which also includes properties in key suburban markets in New Jersey and Pennsylvania. “We’re close to being back up to 2006 and 2007 levels,” Andrew Abramson, president of Value Companies, tells MHN. “Our average occupancies are over 98 percent. Concessions are gone and we’re raising rents. We open up a building and within a couple of weeks it’s fully leased.”

At The Point, success can be attributed to a few significant factors. “There’s a population shift,” Abramson notes. “We’re seeing migration from Rockland County up into Orange County, so there are a lot of new people to the area.” High-quality schools and lower taxes are luring renters, as is employment growth, he says, pointing to the impending opening of Orange Regional Medical Center’s new 61-acre, 600,000 square-foot hospital campus in Middletown.

The next construction phase getting underway at The Point will yield 48 new residences.

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Orange County, N.Y. Rental Community Takes Shape

Posted on February 3, 2011 | Leave a comment

Sutton Hill

The Point at Sutton Hill in Middletown Reports Strong Leasing and Development Activity

The Point at Sutton Hill, the newest phase of the Sutton Hill rental community in the Orange County town of Middletown, is quickly taking shape with a flurry of development and leasing activity being reported.

Five buildings consisting of 52 apartments at the new collection of 112 upscale rental homes are completed and fully rented, according to Value Companies, which is the owner/developer/manager of The Point.

As a result, Value Companies has decided to release the next building of 12 homes much earlier than expected. 25% of the apartments in the new building – which is expected to be ready for occupancy in early spring – have already been reserved.

“We’ve experienced a very quick lease up with every new rental phase we’ve released and that trend is continuing with our latest apartment building,” says Jack Linefsky, Vice President of Property Management for the Value Companies. “So much so, we’ve been forced to accelerate our leasing and development program by releasing these latest homes and starting construction on an additional 48 apartments months ahead of schedule.”

The Point at Sutton Hill features state-of-the-art one-, two-and three-bedroom garden-style homes in ten residential buildings. Homes range from 773 to 1,234 square-feet with monthly rents ranging from $1,200 to $1,795.

The Point at Sutton Hill differentiates itself thanks to a host of modern features in each apartment home such as a washer and dryer, individually controlled central air and heat, fully equipped kitchens with GE appliances including a microwave, dishwasher, and icemaker, and spacious walk-in closets.

The Point at Sutton Hill is the second stage of the overall development plan for the community. In addition to new rental homes in The Point, Value Companies has repositioned the existing Sutton Hill community of 276 apartment homes.

Improvements include the addition of an on-site fitness facility, updated exteriors, upgraded tennis courts and improvements and additions to the common areas.

“Aside from the existing fitness center, pool and tennis, racquetball and basketball courts, we will also be completing the installation of a new playground this spring,” Mr. Linefsky points out.

Sutton Hill is in close proximity to major transportation outlets such as Routes 17 and 84, providing a quick commute to White Plains and Westchester County, as well as public trains and buses that bring Manhattan a 90-minute commute away. Shopping is also easily accessible at the nearby Galleria Mall at Crystal Run and Woodbury Commons.

For additional information on The Point at Sutton Hill, please call (845) 343-2272 or email suttonhill@valuecompanies.com.

About Value Companies
Value Companies, founded in 1952, is a leading real estate development, investment and management company headquartered in Clifton, N.J. The company currently owns and manages a portfolio of 3,800 residential units located throughout New Jersey, Pennsylvania, New York, Texas and Florida.

Across its development division, Value Companies has embarked on $100 million in new apartment, condominium and mixed-use developments and investments in strategic suburban and urban locations throughout the country. Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs.

Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management, provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients.

For more information, please contact Andrew Abramson, President of Value Companies, at its corporate headquarters at 973-473-2800 or visit www.valuecompanies.com.

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Apartment Owners Lease for a Cure Initiative Raises Over $25,000 for Cure Breast Cancer Foundation in October

Posted on January 25, 2011 | Leave a comment

Cure Breast Cancer Foundation

Some of the nation’s most recognizable and respected apartment owners joined together during National Breast Cancer Awareness month last October to raise more than $25,000 for the Cure Breast Cancer Foundation (CBCF), a non-profit 501 (c) 3 organization which supports breast cancer research efforts of Dr. Larry Norton Deputy Physician-in-Chief for Breast Cancer Programs and the Medical Director of the Evelyn H. Lauder Breast Center at the Memorial Sloan-Kettering Cancer Center.

More than 15 companies took part in the 1st Annual Apartment Owners Lease for a Cure initiative in which a donation of $10 was given to the CBCF for every new lease signed at their rental communities in October. Participating apartment owners and managers included Value Companies, Affiliated Management, AvalonBay Communities, Bertram Associates, BNE Associates, CJ Lombardo, Gibbs Family Properties, Goldberg Realty, JK Management LLC, KRE Group, Kriegman & Smith, Inc., Pen Realty LLC, Quaker Group, Roseland Properties, Segal & Segal, Solomon Management LLC and Sterling Properties.

“To say the 1st Annual Apartment Owners Lease for a Cure initiative was a success would be a vast understatement,” says Andrew Abramson, secretary of CBCF. “We are extremely grateful to each and every apartment owner who participated and supported the foundation and breast cancer research. This is a perfect example of how a corporate community can come together to assist a very worthy cause, and we are looking forward to even greater participation and more success next year. Their generosity will help take the work of Dr. Norton to the next level.”

Dr. Norton’s research focuses on the theory of breast cancer “self seeding”: the ability of breast cancer cells to move and start new cancers growing, not only in distant organs like the bones and liver (called metastases), but in the breast itself. This behavior is referred to as “self seeding” as it recalls the way weeds take over a garden: not by the growth of each individual weed plant, but by the seeding of new weed plants that grow in a confluent fashion. By this concept, breast cancer is not one mass, but rather a collection of contiguous smaller masses.

This method of growth is indeed true in certain experimental models and research is ongoing to prove that it happens in people as well. It explains many aspects of cancer: rapid growth, disorganization, formation of new blood vessels, need to irradiate a breast after a lumpectomy for cancer and the association of all of the above with distant metastases. If correct, it will provide new targets for the development of drugs to treat and prevent cancer. Since “seeding” is an abnormal process—as opposed to the normal process of mitosis—such drugs may not only be more effective, but less toxic as well.

Hence, the concept of self-seeding is not only interesting from the point of view of biology, but possibly very important in the design of better approaches to cancer management and prevention, as well as in finding a cure.

Since its inception, CBCF has raised in excess of $1.8 million through events such as the annual golf tournament, walk-a-thons and other fundraising events. Fully 100% of its net fundraising proceeds received by the foundation are donated to the Memorial Sloan-Kettering Cancer Center in Manhattan and other research facilities to support the ground-breaking research being conducted by noted oncologist Dr. Larry Norton and his colleagues.

Cure Breast Cancer Foundation
The Cure Breast Cancer Foundation (CBCF), is a Clifton, N.J. –based not-for-profit 501(c) 3 charity devoted to fund breast cancer research on the growth and spreading of breast cancer cells, also known as self seeding, under the direction of Dr. Larry Norton and his colleagues.

The founder and president is Carly Abramson. Her father, Andrew Abramson, is secretary. Leslye Schulman is Executive Director. For more information, call (973) 471-CBCF (2223), e-mail info@curebreastcancerfoundation.org or visit the Web site at www.curebreastcancerfoundation.org.

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New York Times: Renter Concessions Fading Out

Posted on January 17, 2011 | Leave a comment

225 Grand


Check out this New York Times article, “Renter Concessions Fading Out“ about the new trend in renting featuring our clients, Ironstate Development, Value Companies and The Marketing Directors.

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Value Asset Management Completes Turnaround at Dorchester Manor in Bergen County, N.J.

Posted on November 22, 2010 | Leave a comment

Dorchester Manor

CLIFTON, NJ – A rental community in the Bergen County, NJ Town of New Milford is now one of the most well-performing apartment complexes in the region thanks to the efforts of Value Asset Management (VAM), a division of Clifton, N.J. based Value Companies which provides full-service management capabilities and customized asset solutions to real estate investment and property owner clients.

Dorchester Manor, a rental community located at 195 Dilworth Road, is nearing a complete lease-up of its 200 apartment just three months after VAM was retained by the property’s owners to direct the management, leasing, operations and marketing. Dorchester Manor is a collection of one-and two-bedroom apartment homes situated in 18 buildings on a professionally-landscaped site, minutes from major shopping and commuter outlets.

What’s more, the company is also nearly finished with an aggressive $1 million capital improvement program that will modernize and significantly update the complex. Upgrades will include energy efficient insulated windows, apartment entry doors, new shutters, removal and installation of new landscaping, new roofs on select buildings and apartment renovations.

“While Dorchester Manor was well known in the region as a rental address and already a great asset, the owners of the property wanted a new set of eyes that could take the complex’s performance to the next level,” indicates Jack Linefsky, Director of Apartment Operations for Value Companies.

“To accomplish this, we incorporated certain aspects of traditional management with a more modern technique and a more technologically-advanced approach. The end result is an efficient and effective management operation, a high level of customer service and satisfaction and an increased leasing velocity and resident retention.”

Value Companies owns and manages its own portfolio of 3,800 residential units in New Jersey, Pennsylvania, New York, Texas and Florida. The firm has an outstanding track record in property management since 1952; 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.

“One key to our success has been an ability to grow and adapt to the ever-changing rental marketplace and expand from traditional methods by employing innovative techniques to effectively market and manage our properties,” noted Mr. Linefsky. “For example, we recently implemented new user- and mobile-friendly property websites to provide excellent resident services, and streamline payment and maintenance requests.”

“This ability to understand the current rental landscape, as well as our strong knowledge of local markets, has allowed us to achieve and maintain historically-high occupancy levels at our communities despite current economic conditions and challenges. Value Asset Management passes along this expertise and knowledge to outside property owners and developers concerned with effective community operations, raising the bottom line and increasing profit margins.”

Value Asset Management will offer 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. Linefsky 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.

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. These include current rental properties such as 140 Mayhill, Ten Sampson, Arla, Crestview, Foxhall, Gateways at Randolph, Landra, Ralson, Saddle Brook and Valley View Apartments in New Jersey, Creek Village Apartments in Pennsylvania, Sutton Hill and The Point at Sutton Hill in Orange County, NY and Gateways at Centreport in Fort Worth, TX.

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.

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