Experience
Large
Properties:
Large properties are defined as residential rental communities that
contain at least 100 apartment homes. KMG has managed individual
properties with as many as 750 apartment homes and currently oversees a
portfolio of 48 such communities.
Small Properties:
KMG Prestige has developed expertise in managing properties of
75 or fewer individual apartment homes. Creativity is required in
providing for the needs of the small property because all of the
functions of management are required- leasing, maintenance, staffing,
rent collection, reporting and financial oversight- and resources
typically are limited. KMG currently manages 316 properties of
this product type.
Geographic
Diversity:
KMG Prestige’s portfolio is located in 56 of the 83 counties in
Michigan. KMG maintains support centers in Mt. Pleasant, Lansing and
Farmington Hills, Michigan. KMG Prestige also provides management
services to residential multifamily communities in Indiana, Illinois,
California, Ohio and Wisconsin.
Affordable Housing Program
Knowledge:
Many rental programs have been developed and have seen significant
growth in the past 30 years coinciding with KMG Prestige’s earliest
affiliates entry into the market. KMG Prestige has developed expertise
in the administration of the HUD 202, 221 (d4), 236, Section 8, and the
Low Income Housing Tax Credit (LIHTC) Rental Housing Programs as well
as the Rural Development 515 and a number of tailor-made rental
programs developed through the auspices of the Michigan State Housing
Development Authority.
Client Base:
KMG Prestige’s clientele is broad based, and although most are
for-profit entities, a significant minority are non-profit
organizations. The typical organizational structure of the client is
that of a limited partnership or a limited liability
company.
A thread that is common to most of KMG Prestige’s clients is that they have their roots in the field of real estate development either creating new communities or acquiring and rehabilitating exiting housing properties.
KMG Prestige is proud of the quality of the relationships it maintains with its clients, most of which have endured over a long period of time.
Customers/
Residents:
Ever mindful of the impact our decisions and policies have upon its
customer base of families, senior citizens and those with special
needs, KMG Prestige strives to be a positive force in their lives. Over
50,000 people depend on the effort and reliability of KMG Prestige
associates.
