National Asset Services Selected Asset Manager for Glendale, Arizona Multifamily Property

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Sep 29, 2016, 07:42 ET

GLENDALE, Ariz., Sept. 29, 2016 /PRNewswire/ -- National Asset Services (NAS) is one of the Country's leading commercial property management companies has been selected to be the Asset Management Company for Paradise Vista Apartment Homes in Glendale, AZ.

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NAS' proven track record, objective management style, transparent communication and expertise in strategic planning and repositioning and upcycling commercial properties to maximize revenue while optimizing expenses were primary factors in the company being chosen to assume management of the multifamily property.

"Paradise Vista Apartment Homes has been an underperforming property, but with promising upside potential," commented Karen E. Kennedy, President and Founder of National Asset Services. "In addition to looking at ways to further elevate the living experience for residents, we are moving quickly to develop and aggressively implement sound strategies to maximize value for our client by capitalizing on submarket fundamentals."

Paradise Vista Apartment Homes is a 173,700 square-foot, 352-unit, garden-style community, located about 10 miles northwest of downtown Phoenix. Built in 1974, the property lies on approximately 9.24 acres and is made of block construction with pitched composition shingle roofs. The unit mix consists of studio, one and two bedroom floor plans that range in size from 330 to 750 square feet. Interior unit features include fully appointed kitchens, a breakfast bar, high-speed internet access, walk-in closets, ceiling fans and vertical blinds. Community amenities include a fitness center, leasing office, clubhouse, sport court, playground, four swimming pools, a spa, six laundry facilities, monitored security and covered parking.

About National Asset Services (NAS):

NAS is a commercial real estate asset and property management company that has worked with over 90 investment groups in properties of a nationwide portfolio valued at over $2 billion. The company manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages solely owned and multi-owner properties. NAS offers a wide-range of management capabilities. They include: Real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing and marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services. For more information about NAS property management and asset management services visit nasassets.com.

JW Robison
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SOURCE National Asset Services