Finlay Management, Inc. Adds 240-Unit Multifamily Asset to Property Management Portfolio
HOUSTON, TX — Finlay Management, Inc., a multifamily property management firm headquartered in Miami, adds Regatta Bay Apartment Homes to its growing multifamily portfolio. The 240-unit multifamily community is located at 2555 Repsdorph Road in Seabrook, Texas, approximately 30 minutes outside of Houston.
“We’re excited to expand our multifamily portfolio in Texas,” said Holly Costello, the firm’s president and chief operating officer. “Regatta Bay is a beautiful, well-maintained property that will continue to be in great demand.”
Built in 2003, the three-story multifamily property features one-, two- and three-bedroom apartments. The community’s amenities feature a resort-style pool and waterfall, an upgraded fitness center, new business center, and covered parking.
Finlay Management is an affiliate of the buyer, Lloyd Jones Capital, a Miami-based, private equity real estate firm. Chris Finlay, Chairman/CEO of Lloyd Jones Capital says, “As our operations arm, Finlay Management works closely with us throughout the entire acquisition process and provides a seamless transition upon closing.” Adds Finlay, “We now own and operate eleven highly successful apartment communities in Texas, several of which we developed from the ground up. We really like the Texas market.”
According to Costello, Finlay Management will undertake a light value-add program over the next two years while implementing the firm’s proven proprietary management procedures. She adds, “We take our responsibility to our owners – and our residents – very seriously.”
FINLAY MANAGEMENT, INC.
Finlay Management, Inc. is a private multifamily property management firm with almost forty years of experience in the market-rate, senior and affordable housing sectors. The firm holds the esteemed Accredited Management Organization (AMO)® designation from the Institute of Real Estate Management (IREM)®. Finlay provides property management services to its affiliate, Lloyd Jones Capital, a multifamily real estate investment firm with offices in Texas, Florida and South Carolina.