The closing represents the fifth acquisition in Monument Opportunity Fund V

MIAMI (November 25, 2025) – Monument Capital Management, an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, has announced the acquisition of Grove Park Apartments, a 324-unit Class A multifamily community in Tallahassee, Florida. Monument Real Estate Services, an affiliate of Monument Capital Management, will manage the community.

Berkadia’s Brad Williamson and Wes Moczul arranged the financing on behalf of Monument Capital Management. David Etchison of Berkadia represented the seller, Alabama-based TrimCor.

Built in 2021, Grove Park is a two-story garden-style apartment community spanning more than 30 acres. The property features a low-density site plan and spacious residences averaging 1,713 square feet, distinguishing it within the submarket.

Grove Park was built to a high standard of design and construction, comparable to for-sale housing, and includes a diverse mix of one-, two-, and three-bedroom layouts, highlighted by single-story duplex residences yards with private, fenced-in yards. 

The anticipated business plan comprises a targeted, lighter renovation scope and an emphasis on engaged property management. The goal is to maximize operational efficiency and drive value through active ownership oversight and hands-on management, while modernizing the property through select, value-enhancing improvements.

Community amenities include a 7,400+ square-foot clubhouse with café bar, TV lounge, business center, and rentable conference room and event space. Additional amenities include a saltwater zero-entry pool and sundeck, fitness center, cedar sauna, playground, bark park, and preserve-like views across the site.

“Grove Park represents the type of high-quality community that aligns with our investment strategy,” said Erin Knight, President of Monument Capital Management. “The demand for spacious, highly amenitized rental communities continues to expand in northern Florida, particularly in Tallahassee, and we look forward to building on that momentum through thoughtful enhancements and strong operational performance.”

Located in Southeast Tallahassee, one of the city’s most sought-after submarkets, Grove Park offers convenient access to major employment centers including Tallahassee International Airport, Downtown Tallahassee, Florida State University, and the State Capitol. The community also benefits from its proximity to prominent retail centers, quality schools, and recreational venues, all accessible within a 25-minute drive.

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About Monument Capital Management

Monument Capital Management (MCM), an A-Rod Corp company, is one of the country’s premier fully integrated real estate investment firms. Specifically targeting markets with a strong demand for workforce housing, MCM has acquired more than $1 billion of real estate assets across 16 states through a series of opportunistic private equity funds and joint ventures. The organization strategically identifies assets in markets with attractive demographics at a deal size where competition is limited, and its seasoned team can immediately leverage its operational expertise.  The firm has excelled at its mission of investing in real estate assets where it can add value and deliver superior, risk adjusted returns, while protecting capital and mitigating downside risks. For additional information, visit https://www.mcmgmtllc.com/.

Monument Real Estate Services (MRES), an asset and property management company with experience in a range of multifamily markets nationwide, is expanding its partnership with Apartment Life, the highly regarded organization that provides community-building strategies to the multifamily industry.

This expansion introduces Apartment Life’s unique resident engagement model to Trailpoint at The Woodlands, a premier community offering one-, two-, and three-bedroom apartment homes located at 2301 S. Millbend Dr, The Woodlands, TX.

The amenity-rich community includes a pool with a sundeck, beautifully maintained green spaces, and renovated interiors featuring stainless steel appliances, granite countertops, and wood-style flooring.

The Apartment Life model places dedicated coordinators within the communities they serve, fostering authentic connections among residents through curated events, wellness initiatives, and personalized support. By integrating this program, Trailpoint residents will benefit from increased opportunities for engagement, a stronger sense of community, and enhanced overall satisfaction.

“We have seen the powerful impact Apartment Life has made at our Haven on the Lake community in Missouri, and are excited to bring that same experience to our residents at Trailpoint,” said Ginny Decker, Senior Vice President of Operations for Monument Real Estate Services. “This program continues to be a game-changer, creating an environment where both residents and staff feel connected and supported.”

Apartment Life’s initiatives have been shown to boost resident satisfaction and retention while reducing turnover for both residents and staff.

This expansion builds on the initial launch of the partnership at Haven on the Lake in St. Louis, MO, announced earlier this year, and reflects Monument’s ongoing commitment to its Resident Impact Program. Through this program, Monument is delivering holistic support that goes beyond traditional amenities, focusing instead on wellness, education, and creating a true sense of belonging for its residents.

Local teams are able to focus on engaging with their residents, while leasing and move-in are centrally managed to ensure the smoothest of processes

MIAMI, Fla. (Aug. 21, 2025) – Monument Real Estate Services (MRES), an asset and property management company with experience in a range of multifamily markets nationwide, has launched a new ‘hybrid’ administrative initiative designed to increase staff engagement at the community level, while expediting the leasing and move-in process.

In most rental communities nationwide, the local staff is tasked with managing the property and the needs of its residents, along with the leasing and move-in process.

MRES’s hybrid program included the creation of a centralized leasing and move-in team that is engaged from the moment a potential renter applies, providing information, and managing all facets of the leasing process.

The remote centralized team works with the potential renter’s application, background check, signing of the lease, and then supports them with every facet of the move-in, even their utilities. All they need to do is come to the management office to pick up the keys. The remote team also manages leasing renewals.

At that point the onsite team takes over the process, introducing them to the community, and ensuring a positive start in their new home. With the onsite team focusing only on the community and its residents, it furthers consistency and excellent customer care at the property level.

“The results of the new hybrid remote/onsite system have been extraordinary,” said Ginny Decker, Senior Vice President, Operations for Monument. “Freeing the onsite team from the leasing and move-in process allows them the time to have far more engagement with the residents and expand overall customer care. Our residents couldn’t be more pleased.”

“We basically function like an administrative SWAT team, providing efficiencies of scale that support our enterprise, but more importantly, provides a much more hand-on process to the leasing process,” adds Amanda Jones, MRES’s Operations Director overseeing the remote administrative and leasing team. “The results of our focused efforts have seen a substantial increase in move-ins at our communities, along with lowered eviction levels.”

“The new system has everyone in the right position, working in their strengths, all of which provides our residents the level of care they deserve,” concludes Decker.

Local teams are able to focus on engaging with their residents, while leasing and move-in are centrally managed to ensure the smoothest of processes

MIAMI, Fla. (Aug. 21, 2025) – Monument Real Estate Services (MRES), an asset and property management company with experience in a range of multifamily markets nationwide, has launched a new ‘hybrid’ administrative initiative designed to increase staff engagement at the community level, while expediting the leasing and move-in process.

In most rental communities nationwide, the local staff is tasked with managing the property and the needs of its residents, along with the leasing and move-in process.

MRES’s hybrid program included the creation of a centralized leasing and move-in team that is engaged from the moment a potential renter applies, providing information, and managing all facets of the leasing process.

The remote centralized team works with the potential renter’s application, background check, signing of the lease, and then supports them with every facet of the move-in, even their utilities. All they need to do is come to the management office to pick up the keys. The remote team also manages leasing renewals.

At that point the onsite team takes over the process, introducing them to the community, and ensuring a positive start in their new home. With the onsite team focusing only on the community and its residents, it furthers consistency and excellent customer care at the property level.

“The results of the new hybrid remote/onsite system have been extraordinary,” said Ginny Decker, Senior Vice President, Operations for Monument. “Freeing the onsite team from the leasing and move-in process allows them the time to have far more engagement with the residents and expand overall customer care. Our residents couldn’t be more pleased.”

“We basically function like an administrative SWAT team, providing efficiencies of scale that support our enterprise, but more importantly, provides a much more hand-on process to the leasing process,” adds Amanda Jones, MRES’s Operations Director overseeing the remote administrative and leasing team. “The results of our focused efforts have seen a substantial increase in move-ins at our communities, along with lowered eviction levels.”

“The new system has everyone in the right position, working in their strengths, all of which provides our residents the level of care they deserve,” concludes Decker.

Local teams are able to focus on engaging with their residents, while leasing and move-in are centrally managed to ensure the smoothest of processes

MIAMI, Fla. (Aug. 21, 2025) – Monument Real Estate Services (MRES), an asset and property management company with experience in a range of multifamily markets nationwide, has launched a new ‘hybrid’ administrative initiative designed to increase staff engagement at the community level, while expediting the leasing and move-in process.

In most rental communities nationwide, the local staff is tasked with managing the property and the needs of its residents, along with the leasing and move-in process.

MRES’s hybrid program included the creation of a centralized leasing and move-in team that is engaged from the moment a potential renter applies, providing information, and managing all facets of the leasing process.

The remote centralized team works with the potential renter’s application, background check, signing of the lease, and then supports them with every facet of the move-in, even their utilities. All they need to do is come to the management office to pick up the keys. The remote team also manages leasing renewals.

At that point the onsite team takes over the process, introducing them to the community, and ensuring a positive start in their new home. With the onsite team focusing only on the community and its residents, it furthers consistency and excellent customer care at the property level.

“The results of the new hybrid remote/onsite system have been extraordinary,” said Ginny Decker, Senior Vice President, Operations for Monument. “Freeing the onsite team from the leasing and move-in process allows them the time to have far more engagement with the residents and expand overall customer care. Our residents couldn’t be more pleased.”

“We basically function like an administrative SWAT team, providing efficiencies of scale that support our enterprise, but more importantly, provides a much more hand-on process to the leasing process,” adds Amanda Jones, MRES’s Operations Director overseeing the remote administrative and leasing team. “The results of our focused efforts have seen a substantial increase in move-ins at our communities, along with lowered eviction levels.”

“The new system has everyone in the right position, working in their strengths, all of which provides our residents the level of care they deserve,” concludes Decker.

Monument Real Estate Joins Partnership with Defense Department

Military Spouse Employment Partnership (MSEP) fosters the hiring of military

spouses in meaningful careers

MIAMI, Fla. – Monument Real Estate Services (MRES), an asset and property management company with experience in a range of multifamily markets nationwide, has joined the Defense Department’s Spouse Education and Career Opportunities program, and will participate in the Military Spouse Employment Partnership (MSEP).

As part of this partnership, Monument Real Estate Services becomes one of more than 200 new organizations joining MSEP, adding to the network of more than 850 employers dedicated to recruiting, hiring, promoting and retaining military spouses in meaningful careers.

Military spouses often face unique challenges in maintaining consistent employment due to factors related to military life including frequent relocations. Unemployment among active-duty military spouses has remained above 20% for a decade, according to the biannual Survey of Active-Duty Spouses.

Through the MSEP initiative, military spouses are connected with hundreds of partner employers who are committed to supporting their professional growth and success. Since its inception in 2011, MSEP employers have hired more than 340,000 military spouses, helping them build stable, fulfilling careers.

Providing career opportunities to military spouses not only strengthens the financial stability of military families but also enhances force retention and military readiness — essential components of national security.

“We are deeply committed to supporting military spouses and service members,” said Ginny Decker, Senior Vice President, Operations for Monument, “and we are grateful for their service and sacrifice. Providing meaningful career opportunities for military spouses is not just the right thing to do, it’s simply smart business.”

“By joining the Military Spouse Employment Partnership, we aim to provide lasting, fulfilling career opportunities that strengthen both military families and our company,” said Tina Canero, Director of Human Resources for Monument. “We are proud to be part of this important initiative and is excited to contribute to the empowerment and support of military spouses.”

 About Monument Real Estate Services

About Monument Real Estate Services Monument Real Estate Services (MRES) is an asset and property management company with experience in a range of multifamily markets nationwide. MRES currently manages a portfolio of close to 6,000 units in markets throughout the Southwest, Southeast and Mid-Atlantic regions of the U.S. For additional information, visit https://www.mresmgmt.com/.

About Spouse Education and Career Opportunities

The Defense Department established the Spouse Education and Career Opportunities program to provide education and career assistance to military spouses worldwide, offering free comprehensive resources and tools designed to help spouses meet their career and education goals. Resources include free career coaching services, the My Career Advancement Account Scholarship, the Military Spouse Career Accelerator Pilot and the Military Spouse Transition Program.