VALUE COMPANIES CONTINUES IMPROVEMENT PROGRAMS AT GATEWAYS AT RANDOLPH

GATEWAYS AT RANDOLPH

CLIFTON, NJ – Value Companies, Inc., the Clifton, N.J.-based apartment developer/owner/manager, is continuing one of its “trademark” improvement programs at Gateways at Randolph, a collection of garden-style rental homes in this Morris County Township.

The upgrades are designed to bring the recreational and social amenities at the community up to modern standards and improve the overall atheistic appeal of the property, according to Jack Linefsky, Vice President of Property Management for the Value Companies.

The initial phase of the improvement program was completed last summer with the introduction of an upgraded outdoor pool complex with beach entry and elegant water features, as well as upgraded pavers and new outdoor furniture. The company has also started the re-landscaping of various courtyards at the almost 65-acre property.

The last stage of the renovations will be completed this fall when Value Companies unveils a brand new state-of-the-art fitness center at Gateways at Randolph. Additionally, Value Companies is in the beginning stages of renovating and upgrading the Leasing Center and Models.

GATEWAYS AT RANDOLPH

The upgrades at Gateways are indicative of Value Companies’ commitment to a “hands-on” approach to management at all of its rental communities and a strong emphasis on resident and customer service. Ten Sampson in Saddle Brook, N.J. recently completed the installation of a brand new Fitness Center. Additionally, other properties have completed or are in the process of re-landscaping.

“The goal at each community in our apartment portfolio is to ensure we meet the highest standard of apartment living,” says Mr. Linefsky. “To accomplish this goal, everyone from our management team to corporate executives becomes directly involved, listening to our residents to ensure we fulfill their needs.”

Managed by Value Companies, Gateways at Randolph has continuously maintained a high occupancy rate. The community is a distinctive, NJAA award-winner, combining Classical Greek, Colonial American, European and Western unique architectural styles with beautifully landscaped grounds to provide a superior living environment. The neighborhood is ideally located within Morris County, close to shopping, Morris County Community College, dining and recreation. Nearby parks feature camping, boating and fishing.

For additional information on Gateways at Randolph, please call (973) 361-2466 or visit www.gatewaysatrandolph.com.

About Value Companies

Across its development division, Value Companies has embarked in new apartment 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 (VAM), provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients. Value Companies was also named Management Company of the Year for 2011 by the New Jersey Apartment Association.

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

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