Allied Orion Group Chosen To Manage Brookhollow, Cheyenne Village And Chisolm Trace Apartment Communities

Three Affordable Housing Properties in the San Antonio/Kerrville Area

News provided by

Sep 15, 2015, 03:00 ET

HOUSTON, Sept. 15, 2015 /PRNewswire/ -- Allied Orion Group has been selected to manage Brookhollow, Cheyenne Village and Chisolm Trace Apartments--three affordable housing communities in the San Antonio/Kerrville area.

Acquired August 31, 2015 by AV Affordable Housing of Houston in partnership with Think Housing Development of California, all three communities currently provide residents with a wide range of amenities, including pools, playground areas, on-site laundry facilities, clubhouses and planned activities. However, there are substantial reconstruction plans slated for 2016 that will total more than $40,000 per unit. Expanded future services to residents will include computer classes, tutoring and other social service programs.

Brookhollow is a 48-unit community located off I-10 in Kerrville and offers one to three bedroom apartments. Cheyenne Village is a 60-unit community located just west of downtown San Antonio with one and two bedroom floor plan options. Chisolm Trace features one to three bedroom apartments within a 126-unit community and is situated close to I-10 in northwest San Antonio near the USAA corporate headquarters.

"When we made the decision to enter the affordable housing market, the first property management resource we looked to was Allied Orion Group," said Alison Dimick Malkhassian, Principal of Alara Ventures, AV Affordable Housing's parent company. "Knowing the firm's reputation for more than 15 years as a leading market rate developer/manager made them our 'go to' resource. The depth of management experience and talent within their affordable housing group was evident from the very beginning, and they have done nothing but exceed all of our expectations. We know Allied Orion Group is as committed as we are to providing clean, safe and decent long-term affordable housing to those most in need."

Allied Orion Group is a full-service, multi-family residential management, development and investment firm with a growing portfolio of more than 25,000 apartment homes under management throughout the nation. Allied Orion Group is certified by the Institute of Real Estate Management (IREM) and is an Accredited Management Organization (AMO). For more information visit www.allied-orion.com.