JAG Management Company Expands in North Carolina with 1,400 Units
September 12 2024 - 10:00AM
Business Wire
J501 Estates In Durham Is Now Owner-Managed
Executing on an expansion strategy, JAG Management Company, an
affiliate of Jefferson Apartment Group (JAG), is pleased to
announce it has expanded its property management portfolio with the
addition of nearly 1,400 units in North Carolina.
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J501 Estates in Durham, North Carolina.
(Photo: Business Wire)
JAG has assumed management of J501 Estates, a 240-unit community
in Durham central to both Duke University and University of North
Carolina. The community was a JAG acquisition – its first in North
Carolina – in a deal with partner STARS REI that closed in late
2023.
JAG has also assumed third-party management of four other
established multifamily communities across the Raleigh-Durham area,
bringing JAG Management Company’s total portfolio to nearly 11,000
units up and down the East Coast.
“As JAG grows its multifamily development and ownership in the
Carolinas, expanding our property management portfolio in the
region is also a strategic focus,” said Patty Holt, President of
JAG Management Company. “We have a strong foothold and look forward
to further growing our presence across the Carolinas.”
JAG Management Company will add another 350 units to its
Carolinas portfolio later this year with the delivery of JAG’s
first new development in the region, J Optimist Park, a Class A
mid-rise located in the Mill District of Charlotte close to both
the Uptown central business district and the NoDa arts
district.
To support its growing operations in North Carolina, JAG
Management Company hired a new regional manager. Valeri Smiddy, a
20-year property management professional with deep ties in the
region, leads JAG Management’s Carolinas portfolio.
About JAG Management Company
JAG Management Company provides professional property management
services for both Jefferson Apartment Group-owned assets, as well
as third-party owned communities on the East Coast. Founded in
2009, JAG celebrates a milestone 15th anniversary this year.
Headquartered in McLean, Virginia, JAG also has regional offices in
Boston, Philadelphia, Charlotte, and Orlando. The firm is committed
to providing top-tier customer care for their residents and
managing multifamily and mixed-use communities for long-term
success. JAG Management Company operates on the guiding principles
of management by fact, integrity, respect for people, and
continuous improvement.
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Tammy Murphy TMC Communications & PR 301-785-7669
tammy@tmc-comms.com