VALUE COMPANIES’ 140 MAYHILL RECEIVES INDUSTRY ACCLAIM DURING NJAA’S 2009 GARDEN STATE AWARDS CEREMONY

140M EntranceCLIFTON, N.J. – 140 Mayhill, the luxury rental community from Value Companies in Bergen County’s Saddle Brook Township, was recently honored during the New Jersey Apartment Association’s 2009 Garden State Awards program, which annually recognizes outstanding achievement in the field of rental properties.

The collection of 158 one-and two-bedroom rental homes was distinguished as “Best Managed Mid/High Rise Building Built After 2000 – Over 100 Units” by the organization of apartment owners, managers, builders, developers and those involved in allied industries. The Clifton, N.J.-based company received the honor during a glittering awards ceremony recently held at the Hyatt Regency Hotel in New Brunswick.

“We’re thrilled to receive this award from our industry peers,” notes Jack Linefsky, Director of Operations at Value Companies. “It is a fitting tribute to the superb team of professionals we assembled and have on staff to develop, lease, manage and maintain this special rental community.”

Since opening its leasing program, 140 Mayhill enjoyed a level of success that belies the current state of the rental market. Just nine months after its debut, an impressive 100% of the community’s homes have been leased under the direction of The Marketing Directors, Inc., the marketing and exclusive leasing agent for 140 Mayhill. The success of 140 Mayhill is directly linked to its large selection of well-appointed interior layouts, competitive monthly rates starting in the $1,500s, desirable suburban location eight miles from Manhattan and a close-knit, activity-rich lifestyle.

Highlighting 140 Mayhill’s well-rounded living environment is the community’s professionally-furnished clubroom which was merchandised by prominent interior design firm Lita Dirks & Co. and includes a catering kitchen for private events and social gatherings, large flat-screen television, Ipod docking stations and ample room for entertaining. There’s also a fully-equipped fitness center which features top-of-the-line fitness machines and free weights, flat-screen TVs and a mirrored stretching room.

Luxurious rental homes at 140 Mayhill range in size from 753 square-feet to 1,300 square-feet. Homes come complete with a host of designer features and appointments, including soaring nine-to-11-foot ceilings, elegant three-inch plank hardwood floors, gorgeous French doors leading to the homes’ private balconies, Bosch washers and dryers, spacious walk-in closets with custom-designed shelving, and gourmet kitchens with full GE stainless steel appliance packages, exquisite oak cabinetry, granite kitchen countertops, designer lighting fixtures and designer blinds.

Residents also benefit from 24-hour on-site maintenance service and reserved garage parking adjacent to the building.

An added advantage of 140 Mayhill is its location near major highways and transportation outlets which whisk commuters into Manhattan and the entertainment and business centers of northern New Jersey. The neighborhood is just minutes from the Garden State Parkway, Route 80 and highways 46, 4 and 17.

140 Mayhill is a continuation of Value Companies’ proven track record of building and maintaining the finest rental communities in northern New Jersey. Also in Saddle Brook are Ten Sampson, a new 38-residence building and the 368-residence Saddle Brook Apartments, both of which have consistently enjoyed near 100 percent occupancy and are owned and managed by affiliates of Value Companies.

For more information or to schedule a private presentation of 140 Mayhill and its furnished model residences, please call 201-556-0140 or visit http://www.140mayhill.com. The 140 Mayhill leasing office is open Monday through Saturday from 10 a.m. to 6 p.m.
About Value Companies

Founded in 1952, Value Companies is a leading real estate development, investment and management company headquartered in Clifton, N. J. The company currently boasts a portfolio exceeding 3,600 residential units located throughout New Jersey, Pennsylvania, New York, Texas and Florida. From suburban master-planned communities to urban infill redevelopment, Value Companies has embarked on $100 million in new development initiatives across the luxury rental, condominium and urban mixed-use sectors.

For more information, please contact Value Companies’ headquarters at 973-473-2800 or visit http://www.valuecompanies.com.
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