As we enter 2016 there is much to celebrate in the New Year.
First, we made it through 2015! Our 50th anniversary year was both very exciting and busy.
We completed the renovation projects at Catalunya and Miraflores Apartments in Tucson and started renovation at a brand new LIHTC project in Tempe — Desert Willow Apartments for our great client Thomas Development Company. The activity is rejuvenating homes for nearly 300 families and providing quality affordable housing when very few others are doing so in today’s environment.
The Shops @ Hurst —our Walmart anchored retail center is almost ready to open with Co-anchors Advanced Auto and Dollar Tree. We look forward to the official opening mid-March and completion of our leasing in 2016.
A subsidiary, ACW American, also acquired just over 500,000 square feet of industrial properties in Appleton Wi and Hazleton Township PA which are 100% occupied by Progressive Converting Company, in December 2015. The acquisition includes their headquarters, main plant and east coast plants. ACW is exploring other industrial properties with manufacturers around the country.
Paul Ash Management Company LLC continues to acquire new HOA accounts. Community managers Geoff Obral and Barry Edberg receive great praise from our clients who appreciate the personal and efficient attention received by owners and board members when they require assistance.
Paul Ash Management Company LLC operates multi family, retail, industrial, office and HOA management for clients in Arizona, New Mexico, Texas, Indiana, Wisconsin and Pennsylvania. Paul Ash Management Company LLC is an Accredited Management Office (AMO) through The Institute of Real Estate Management.
Bruce Ash, CPM