TEANECK, N.J. — Aspen Communities, LLC has announced John M. VanMetre, a 25-year real estate professional, has been named Director of Operations where he will be responsible for directing the management and marketing operations at its rental properties nationwide.
Mr. VanMetre will be charged with overseeing all aspects of operations, including financial budgets, customer service, maintenance, operations, leasing, occupancy and marketing, of existing developments in Aspen Communities’ portfolio, as well as newly acquired assets.
Aspen Communities, LLC invests in U.S. Department of Housing and Urban Development (HUD) properties throughout the country and takes the steps needed to improve and modernize the assets and reintroduce them to the market. It’s a recipe born with great success in Essex County, N.J. where purchasing high-quality HUD apartment assets emerged as an extremely viable niche market and enabled Aspen Communities to add well-performing rental communities at competitive prices that immediately generate capital.
“We are actively pursuing new purchasing opportunities on the East Coast and Midwest with plans to acquire 3,000 HUD units by the end of 2013,” says Adam Mermelstein, principal f Teaneck, N.J.-based Aspen Communities. “Each property we purchase undergoes a significant capital improvement program to bring the homes, grounds and common spaces up to modern standards. John’s decades of experience and extensive knowledge will be instrumental in implementing and directing these programs from renovations to the reintroduction of thousands of apartments to the market.”
Prior to joining Aspen Communities, Mr. VanMetre served as Regional Manager for Conifer Realty, LLC where he directed all operations and financial aspects from the company’s portfolio in Hudson Valley, N.Y.
Mr. VanMetre holds a BA from Hanover College in Hanover, Indiana and a Masters of Business Administration from Ballarmine College in Louisville, Kentucky.
For additional information on Aspen Communities, please call 973-622-0073.