Providence Management Company, LLC. has been an active operator, manager, and asset manager of multi-family residential communities since 1986.  PMC consists of a group of professionals dedicated to searching for, identifying and acquiring multifamily properties seeking to create increased cash flow and capital appreciation through improving, renovating, managing, repositioning, operating and financing properties until an exit strategy is implemented.

PMC Acquisition Criteria

Property Characteristics       

• Garden-style, mid-rise, and high-rise apartment communities
  
• 100 units minimum
  
• Convenient access and visibility
  
• Unit mix and floor plans competitive with sub-market
  
• Construction period 1970’s, 1980’s and 1990’s
  
• Moderate rehabilitation to significant demolition and re-positioning
  
• Suburban and urban core locations
  
• Amenities consistent with property features and sub-market    

Primary Markets     

PMC maintains an extensive database of apartment transactions and market activity for many national markets but focuses on the following communities:

• Phoenix , Arizona
  
• Tampa/St Petersburg, Florida
  
• Denver, Colorado
  
• Orlando, Florida
  
• Atlanta, Georgia
  
• Raleigh-Durham, North Carolina
  
• Charleston, South Carolina
  
• Austin, Texas
  
• Dallas, Texas
  
• San Antonio, Texas
  
• Houston, Texas
  
• Ft Myers/Naples, Florida
  
• Baltimore, Maryland
  
• Virginia Beach, Virginia
  

Transaction Size        

Individual assets to large portfolios

Deal Structure

We consider all cash transactions and assumption of existing debt

Submission Information    

• Property Description        
• Current Tax Bill
• Current Rent Roll        
• Current Operating Statement
• Location Map            
• Prior 2 yrs. Operating Statements
• Photographs            
• Rent Comps
• Sales Comps            
• Debt Structure (if applicable)

For additional information, please contact:

Bruce LaMotte                    
blamotte@provman.com                
(847) 904-2004