Kole Management Sells Apartment Portfolio, Focuses Solely on Property Management

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Kole Management Sells Apartment Portfolio, Focuses Solely on Property Management

(Savannah, GA) Savannah-based Kole Management Co. is in the process of selling its portfolio of 13 apartment communities in two states to transition exclusively into property management. In its new form, the company will retain management of eleven of those properties.

“We have decided to devote all our time and expertise to third-party management and look forward to providing the same boutique, quality service to our clients and residents as we did when we were owner/operators,” said Kole ManagementCOO Khrista Villegas.

Kole Managementput its multifamily portfolio on the market in November, and all of its properties are under contract with closing expected in April and May. That portfolio consists of seven properties in Savannah, three in Macon and one each in Augusta and Canton, Georgia, and Charlotte, North Carolina.

”A number of factors, including historically low cap rates and broad investor interest in smaller market assets, came together to convince us that it was a good time to consider selling our portfolio,” said Kole Management Co.President, Jeff Kole. “Until recently, we had little interest in selling and were, in fact, building a robust and highly capable management company to oversee properties for ourselves and third parties. This sale provides us the opportunity to focus exclusively on offering boutique yet sophisticated property management for a wide range of apartments – from lease-ups to workforce housing – across the Southeast.”

The company expects to grow its multifamily property management portfolio with expansion into North Carolina and Florida, as well as additional properties in Macon. Details of those arrangements, as well as, the new positions brought on to support this growth, will be announced in the near future.

Kole Management company logo

ABOUT KOLE MANAGEMENT COMPANY
Family owned since 1991, Kole Managementwas founded by Donald Kole, the former owner of the Builderama home supply store chain. In 1994, Donald’s son, Jeff Kole, joined KMCand currently serves as president. What started as a small investment firm based in Savannah, Georgia, is now a rapidly growing third-party management enterprise, overseeing apartment communities throughout the Southeast. In addition to that, KMChas four warehouse distribution facilities equaling approximately 600,000 square feet. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Dean Burnette, of Best Business Brokers, named President of Georgia Association of Business Brokers

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Dean Burnette, of Best Business Brokers, named President of Georgia Association of Business Brokers

(Savannah, GA) Dean Burnette, founder of Savannah-based Best Business Brokers(B3), has been named president of the Georgia Association of Business Brokers(GABB) for 2019.

GABBmembers help business owners establish sales prices, create marketing plans and strategies for the sales, identify and qualify potential buyers and protect owners’ and buyers’ confidentiality.

Dean Burnette, Best Business Brokers (B3)

Dean Burnette, Best Business Brokers (B3)

“I am excited about the many opportunities that the current economic conditions and recent economic events have created in Georgia,” said Burnette. “We have a powerful group of very connected leaders in Georgia who will be on the board this year, and I’m proud to serve alongside these talented folks.”

Burnette has more than three decades of business ownership and management experience in a variety of industries. He has been a member of the GABBMillion Dollar and Multi-Million Dollar Club and is a member and past president of the Savannah Small Business Chamber. He also belongs to the Savannah CFO Council, Savannah Traffic Club, Savannah Real Estate Commercial Alliance, Georgia Association of Realtors, National Association of Realtorsand serves on the Education Advisory Committee for the Georgia Real Estate Commission.

Additional GABBofficers for 2019 include Judy Mims, vice president, qualifying broker for Childcare Properties; Jon Roman, treasurer, business intermediary, franchise consultant and developer at Transworld Business Advisors; and Nick Modares, secretary, president and managing broker of Business Brokers Inc./Atlanta Business Advisors.

Other board members include Jeffery Merry, founder and owner of the Business House; Matthew Wochele, founder of Preferred Business Brokers; Michael Ramatowski, president of Georgia Business Associates; and Kim Eells, vice president and of SBA Lending at Renasant Bank.

ABOUT BEST BUSINESS BROKERSB3
Best Business Brokers(B3) help people buy and sell businesses and commercial real estate in Georgia and South Carolina. The company is based in Savannah, Ga. B3offers a variety of brokerage services, including confidential targeted marketing, potential buyers’ qualifications, showcasing, transaction negotiations, due diligence management, escrow process management, valuations and pricing, and closings. Their seasoned and award-winning business brokers are all licensed, commercial realtors. B3specializes in a multitude of industries, such as manufacturing-, technology- and logistics-related businesses and properties. Their headquarters is located at 6605 Abercorn St., Suite 101D, Savannah, GA 31405. For more information, visit http://B3Brokers.comor call 912-349-0940.

New Downtown Apartments in Savannah Hosts Grand Opening Celebration Benefiting Coastal Pet Rescue

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New Downtown Apartments in Savannah Hosts Grand Opening Celebration Benefiting Coastal Pet Rescue

(SAVANNAH, GA) Park + Broad, a new high-end boutique apartment community in the up-and-coming east side of downtown Savannah has selected Kole Management Company(KMC), a Savannah-based real estate management and investment firm, to manage the facility.

A benefit for Coastal Pet Rescue was held during the grand opening celebration and ribbon cutting on Thursday, June 28 at 5:30 p.m. Guests and residents were encouraged to bring pet food donations, and Park + Broadoffered to waive the pet fees for any resident who adopted an animal from Coastal Pet Rescuethis month. The Savannah Area Chamber of Commerce participated.

Park + Broad Grand Opening Benefitting Coastal Pet Rescue with Kole Management

Park + Broad Grand Opening Benefitting Coastal Pet Rescue

Kole Management Company and Coastal Pet Rescue

Kole Management Company Cuts the Ribbon at Park + Broad Grand Opening

The 70-unit property at 1020 E. Broad St. offers one- and two-bedroom apartments with 15 floor plans, all of which maximize natural light. Pet-friendly and located within walking distance of Beasley and Forsyth parks, the units feature 12-foot ceilings, quartz countertops, stainless steel Frigidaire Gallery appliances and in-unit washer/dryers.

The community includes free gated off-street parking, a 24-hour fitness center, a saltwater pool area that includes a cabana with a fire pit and gas grills, a package locker system, available storage lockers and a bicycle storage and repair room.

Park + Broad truly has it all,” said KMC President Jeff Kole. “State-of-the-art amenities and conveniences, off-street parking and location in a redeveloping part of downtown Savannah that’s close to area services, restaurants and entertainment.”

Park + Broad is currently in lease-up and can be viewed at www.parkandbroadapts.com, or tours can be arranged at 912-657-0300. Raleigh-based Chaucer Creek Capital is the primary investor in the property, which was developed by DPJ Residential and built by Choate Construction.

In addition to managing Park + Broad, KMCowns and operates 13 apartment communities in Savannah, Charlotte, Atlanta, Augusta and Macon with a total of about 2,500 units.

ABOUT COASTAL PET RESCUE
Coastal Pet Rescue is a 501©(3) non-profit animal rescue organization dedicated to saving the lives of homeless, abused and neglected dogs and cats in Savannah and surrounding areas. Founded in February 2003, Coastal Pet Rescuechanges the lives of homeless pets in Chatham, Bryan and Effingham Counties through its foster home program and small capacity shelter, Camp Pawsawhile Retreat. For more information on Coastal Pet Rescue, visit coastalpetrescue.org.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Kole Management Adds Two

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Kole Management Adds Two

(SAVANNAH, GA) Kole Management Co. (KMC), a Savannah-based real estate investment and management firm, has added two key executives.

Hannah Headshot

Hannah Moore, Kole Management Co.

Hannah Moore, who has worked at Colliers International in Atlanta, is KMC’s new director of talent management. Moore also has worked as a paralegal and executive assistant and received a bachelor of science degree from Kennesaw State University in Kennesaw, Ga.

Katie Headshot

Katie Davis, Kole Management Co.

Katie Davis, the company’s new director of marketing, previously worked as a sales executive with RentPath in Savannah and has 10 years experience in marketing. Davis holds a bachelor of science degree from Pennsylvania State University in University Park, Pa.

KMC owns and operates 14 apartment communities with more than 2,500 units in Savannah, Charlotte, Augusta, Macon and Canton, GA. Most recently, Kole Management announced it was selected to manage Park + Broad, a new 70-unit upscale downtown Savannah boutique apartment property that’s currently in lease-up.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Kole to Manage New Downtown Apartments in Savannah

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Kole to Manage New Downtown Apartments in Savannah

(SAVANNAH, GA) Park + Broad, a new high-end boutique apartment community in the up-and-coming east side of downtown Savannah has selected Kole Management Company (KMC), a Savannah-based real estate management and investment firm, to manage the facility.

Park + Broad

Park + Broad

The 70-unit property at 1020 E. Broad St. offers one- and two-bedroom apartments with 15 floor plans, all of which maximize natural light. Located within walking distance of Beasley and Forsyth parks, the units feature 12-foot ceilings, quartz countertops, stainless steel Frigidaire Gallery appliances and in-unit washer/dryers.

The community includes gated off-street parking, a 24-hour fitness center, a saltwater pool area that includes a cabana with a fire pit and gas grills, a package locker system, available storage lockers and a bicycle storage and repair room.

Park + Broad truly has it all,” said KMC President Jeff Kole. “State-of-the-art amenities and conveniences, off-street parking and location in a redeveloping part of downtown Savannah that’s close to area services, restaurants and entertainment.”

Park + Broad is currently in lease-up and can be viewed at www.parkandbroadapts.com, or tours can be arranged at 912-657-0300. Raleigh-based Chaucer Creek Capital is the primary investor in the property, which was developed by DPJ Residential and built by Choate Construction.

A grand opening celebration and ribbon cutting are scheduled for Thursday, June 28 at 5:30 p.m. The Savannah Area Chamber of Commerce will participate.

In addition to managing Park + Broad, KMC owns and operates 13 apartment communities in Savannah, Charlotte, Atlanta, Augusta and Macon with a total of about 2,500 units.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade Public Relations®
marjorie@carriagetradepr.com
912.844.9990

Kole Management Company Acquires Atlanta Area Apartment Community, Heritage at Riverstone

Kole Management Co.
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Kole Management Company Acquires Atlanta Area Apartment Community, Heritage at Riverstone

(SAVANNAH, GA) Kole Management Company (KMC), a Savannah-based real estate investment and management company, has acquired Heritage at Riverstone, a 240-unit apartment community in Canton, Ga.

Heritage at Riverstone is the sixth apartment community acquired by KMC outside Savannah and is the first apartment community in the greater-Atlanta region. KMC also owns and operates seven apartment properties in Savannah, Garden City and Richmond Hill. Collectively, KMC owns and operates about 2,500 total apartment units.

Heritage at Riverstone, a class A gated property built in 2001, features one-, two- and three-bedroom units with a variety of upscale features including vaulted ceilings, garden tubs, walk-in closets and built-in bookshelves. The landscaped 22-acre property includes a fitness center, a pool with a sundeck and stone cabana, a picnic pavilion and private garages available for rent.

KMC plans to make a number of significant improvements that include adding a fireplace to the pool cabana, installing a fire pit, a pet grooming station and dog park and building a community room with roll-up doors adjacent to the pool.

Canton is located about 40 miles northwest of Atlanta in Cherokee County, which is the fourth fastest growing county in Georgia and boasts an award-winning public school system with four STEM (science technology engineering and math) academies.

Heritage at Riverstone is a fabulous opportunity for KMC,” said company president Jeff Kole. “It’s a beautiful, residential-style community in a high growth area with excellent schools and high-end retail shopping. We’ll be selectively improving the property, which will result in a top quality living environment for our residents.”

Kole Management Co.

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates seven apartment communities in the Savannah area, one each in Atlanta, Augusta and Charlotte, and three in Macon with more than 2,500 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 80 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, visit Kolemc.com.

MEDIA CONTACT
Marjorie Young
Carriage Trade PR
marjorie@carriagetradepr.com
912.844.9990

Kole Management Expands to Charlotte Area, Buys Pavilion Village Apartments

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Kole Management Expands to Charlotte Area, Buys Pavilion Village Apartments

(SAVANNAH, GA/ CHARLOTTE, NC) Kole Management Company (KMC), a family-owned property management and investment firm based in Savannah, announces the acquisition of Pavilion Village, a 294-unit luxury apartment community in the rapidly growing Harris Boulevard submarket of Charlotte, N.C., near I-85 and I-485.

Built in 2016, Pavilion Village consists of one-, two- and three-bedroom garden-style units with nine-foot ceilings, gourmet kitchens with stainless appliances and espresso cabinetry, garden tubs with built-in shelving, walk-in closets and washer/dryer connections. Property amenities at the gated community include a resort-style saltwater pool with a poolside kitchen and gathering place, complimentary wi-fi in common areas, a 24-hour fitness center, a dog park and a pet wash station.

Pavilion Village is the first Charlotte-area property acquired by KMC. It’s located in the second largest employment area in the region and is adjacent to the new 61,000-square-foot Shoppes at Mallard Creek and near the 19,500-seat PNC Music Pavilion. It’s close to a new section of Charlotte’s light rail line set to open next year and will have direct access to the city’s planned 26-mile greenway system.

“We’re elated by the acquisition of Pavilion Village,” said KMC president Jeff Kole. “Its apartment features and community amenities are all top rank, and it’s close to a lot of employment growth and lifestyle improvements happening in Charlotte.”

KMC owns and operates more than 2,300 apartments in Georgia and North Carolina, including three Macon properties (Riverstone, Falls at Spring Creek and Legacy at River Crossing), Ten35 Alexander in Augusta and, in the Savannah area, Alhambra, Wyndmere, Kessler Point, Rendant, Arbors, Ridgewood, Carriage House and Ashton at Richmond Hill.

 Kole Management Company


Kole Management Company

ABOUT KOLE MANAGEMENT COMPANY
Kole Management Co. owns and operates eight apartment communities in the Savannah area, one each in Augusta and Charlotte, and three in Macon with more than 2,300 total units. Residents of Kole Management apartment communities enjoy many benefits, including the ability to pay rent and request work orders online. The company employs more than 70 maintenance, management and leasing personnel, all of whom are local and able to assist residents with their immediate needs. Kole Management is a family-owned company with a 25-year tradition of owning and operating well-maintained apartment communities. For more information on Kole Management, call 912-232-3555 or visit Kolemc.com

MEDIA CONTACT
Marjorie Young
Carriage Trade PR
marjorie@carriagetradepr.com
912.844.9990