Atlanta-based multi-family owner and management firm, JMG Realty Inc., announced today that the firm has been ranked one of the 50 largest multi-family managers in the country by the National Multifamily Housing Council when it released its annual list of Top 50 Managers, as reported by Multifamily Executive Magazine. Since 1990, the NMHC has released their much-anticipated results each year for the Top 50 Managers and serves as the authoritative rankings of the nation's leading apartment firms.

In 2016, JMG experienced strong portfolio growth to move them into this year's rankings. To continue the growth of their management footprint, JMG opened a new regional office earlier in 2016 which oversees the Mid-Atlantic and Northeast portfolio's where they continue to see opportunities.

Tim Brock, President of JMG Realty, noted that the firm's involvement in several new joint ventures with development partners in Florida, and solid organic growth in third-party management assignments for stabilized assets and new construction lease-ups, has served as a strong catalyst for our growth over the past year.  

JMG looks forward to continued growth in their ownership and management footprint across the country throughout 2017. 

JMG Realty, Inc. today announced they have been selected as the managing agent for a $236 million, six (6) property Multifamily Portfolio acquired in a venture between Ares Management and TruAmerica Multifamily.

The 1,402 unit portfolio is spread across some of the strongest multifamily markets in the greater Baltimore metropolitan market:

Dominion at Eden Brook  - Columbia, MD

Dominion Kings Place - Columbia, MD

Lakeside Mill - Owings Mills, MD

Ellicott Grove - Ellicott City, MD

Arborview at Riverside & Liriope - Belcamp, MD

Dominion Constant Friendship - Abingdon, MD

The properties are well located near major military, government and corporate employers in the area. The portfolio will have a multi-million dollar renovation program instituted to renovate and reposition the portfolio. Exterior and interior upgrades will consist of significant improvements to landscaping, building exteriors, exterior painting as well as appliance packages, countertops and cabinets for the interiors.

With properties already located in Maryland and Virginia, JMG's Mid-Atlantic footprint continues to grow, prompting the establishment of a new office in the Baltimore area.

JMG Realty, Inc. today announced the acquisition of Florida Club at Deerwood Apartments; a 180-unit apartment community located in Deerwood Park of one of Jacksonville, Florida's most desirable sub markets through a joint venture partnership.

Built in 2008, the property was originally developed as for sale condominiums with exceptional community and apartment home amenities including a resort-style swimming pool, pergola with outdoor gas grill, spacious detached garages, multimedia room with theatre-style seating, fully-equipped fitness center, an idyllic central park with shaded walking paths, picnic areas and a dog park. All homes were originally designed with nine foot ceilings, black appliances, ceramic tile flooring, custom cabinetry, walk-in closets, contemporary lighting fixtures and private patios and balconies.

The unit interiors of Florida Club at Deerwood offer strong core features, which will be further enhanced through an interior renovation program to elevate the Property's position in the submarket. The addition of cutting edge finishes such as granite countertops, stainless steel appliances, tile backsplashes and wood flooring will allow the property to directly compete with newer product in the surrounding market area. Exteriors of the buildings and the common areas have also been upgraded.

Located in one of the most sought after neighborhoods in the Jacksonville area, Deerwood Park, residents enjoy a multitude of shopping, dining, and recreation options just outside their door. Florida Club at Deerwood is less than three miles from the vibrant St. Johns Town Center and The Markets at Town Center, which together offer 1.7 million square feet and over 180 stores and restaurants.

Adding to the desirability of its location, the property is in the heart of the Southside office market, Jacksonville'slargest suburban employment hub. With over 72,000 employees, Deerwood Park's employment base is more than double the size of the metro's second largest suburban employment hub. Spread proportionately amongst thirteen separate business sectors, the submarket's strong economic foundation is further cemented through a diverse set of employers including four Fortune 500 and four Fortune 1000 companies. Residents are also within an easy 25-minute commute to downtown Jacksonville, Jacksonville NAS, Mayport Naval Station,Jacksonville International Airport and the beautiful Atlantic beaches.