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Preservation Management, Inc. assumes management of eight Eastern Pennsylvania Properties

Preservation Management, Inc. assumes management of eight properties in Eastern Pennsylvania

August 1, 2014

South Portland – Steve Robinson, President and CEO of Preservation Management, Inc., (PMI) announced today that PMI has assumed management of eight properties in Eastern Pennsylvania for those who are 62+ years of age and/or disabled.

Robinson said:  “This a great day for PMI.  These properties are a tremendous addition to the PMI portfolio.  The ownership, current management personnel and the buildings themselves align perfectly with our operating culture. We have been working hard for the past several months to make this transition as seamless as possible for the residents. I believe we have achieved that goal.  We now look forward to sustaining the existing high customer service standard that already exists and working diligently to enhance the day to day resident experience.”

The eight properties; Bedford Tower Apartments in Clarks Summit, Delaware Tower Apartments in Scranton, Heritage Heights Apartments in Danville, Keystone Place Apartments in Dickson City, Keystone Place Apartments in Scranton, Linden Crest Apartments in Clarks Summit, Riverview Point Apartments in Catawissa and Sullivan Place Apartments in Hannover Township are owned by a Chicago based ownership group that includes principals of Senior Housing Group, www.senior-housing-group.com and National Preservation Housing Partners, www.nphpartners.com.

“I am thrilled to bring PMI’s extensive expertise and experience to these properties in Northeast Pennsylvania.  Having worked closely with PMI at several other SHG-owned properties for the last few years, I am certain that these buildings, and most importantly, the residents, will benefit from PMI’s professional and resident-focused approach to property management,” said Steve Greenbaum, President of Senior Housing Group.

Preservation Management, Inc. headquartered in South Portland, Maine is a comprehensive, full service, residential property management firm, specializing in affordable residential multifamily, subsidized, tax credit and conventional properties. PMI’s portfolio includes more than 110 properties consisting of over 11,500 units in 19 states.