Blue Ridge Companies Continues Property Management Growth in Greenville, SC Market

High Point, NC. (November 2016)  Blue Ridge Companies, a High Point, NC-based real estate investment and management firm, was recently awarded management of the Stillwater at Grandview Cove, a 240-unit apartment community located in Simpsonville, SC.

Originally built in 1989 and formerly known as The Enclave at Grandview, the rebranded Stillwater hosts 240 units with rents currently ranging from $775 to $1,025 a month. The apartments range in size from 780 square feet up to 1,200+ square feet and include one, two and three-bedroom floor plans. The spacious floor plans offer market leading, oversized bedrooms, 9 foot ceilings, and fire places in select units.

Managing the property on behalf of its new ownership, Toro Real Estate Partners, Blue Ridge will oversee the execution of property renovations and daily management activities. Blue Ridge plans to immediately oversee capital investments into the property’s exterior to further increase its appeal to local renters. Additionally, following a succinct value-add strategy, Blue Ridge will begin to update the interior of the property by adding upgraded appliances, lighting, and modern flooring, cabinetry, and countertops as units become available.

“Perfectly situated in a natural setting with serene landscaping and offering a full line of amenities and convenient access to downtown Greenville, The Stillwater’s location in the desirable Simpsonville submarket provides instant appeal for today’s sophisticated renters” said Cole Healy, a Real Estate Analyst for Blue Ridge Companies. “Stillwater checked all of our boxes and perfectly aligned with our client’s acquisition profile, and presented itself as a great investment opportunity for our client to take advantage of the strong population and job growth in the Greenville metro and its submarkets”, added Healy.

Toro REP is a New York based private real estate group, and the property represents their second investment in the Greenville metro within the last 12 months.



Blue Ridge Companies Develops New Community with Richardson Properties

High Point, NC. (October 2016)  Blue Ridge Companies, a High Point, NC -based real estate company, and Richardson Properties, a Greensboro, NC –based private investment real estate company, are excited to be developing the next best place to call home in Guilford County. Country Park at Tall Oaks, a 216-unit community is being built in one of Greensboro’s most desirable areas, located near the intersection of Lawndale Drive and Pisgah Church Road. With a planned Spring 2017 opening we look forward to joining the North Greensboro community.

Country Park at Tall Oaks will provide the type of living most renters are searching for, including convenience. The community is minutes from several nearby grocery stores, close to restaurants, walkable to area parks with running and bike trails, and provides access to an on- site, cutting-edge fitness center outfitted with cardio and strength equipment, with additional Pilates/yoga room nearby. High-end appliances and cabinetry will be found in every one, two and three bedroom apartment home. Additional planned amenities include bike storage and convenient bike kitchen (work space), designer pool and a leash-free pet park, complete with a pet wash station.

“Apartments of this design and location are extremely desirable, especially in such a great location. Our goal with Country Park at Tall Oaks is to offer our residents all of the conveniences found with day-to-day living, such as comfortable lounge space with an open coffee bar and accessible Wi-Fi” says Susan Passmore, Executive Vice President with Blue Ridge. “We plan to provide a sense of community that can be achieved with ongoing social events and unbeatable customer service.”

About Richardson Properties

Richardson Properties has invested in commercial real estate on behalf of the Richardson family since 1925, when the family separated its real estate holdings from Richardson-Vicks Inc. Directly or through joint ventures, the company owns office, industrial, retail and residential properties in North Carolina, South Carolina and Virginia.



Blue Ridge Now Leasing Brand New Apartments in Rock Hill

High Point, NC. (April 2016)  Blue Ridge Companies, a High Point, NC-based real estate company, recently began the leasing of a brand new luxury community in Rock Hill, SC. This will be the 8th community that the company manages in South Carolina and the 48th in the management firm’s rapidly growing portfolio.

The community, called Waterford Terrace, hosts 226 units, with rents ranging from $875 to $1,175 a month. The apartment homes range in size from 759 square feet all the way up to 1,182 square feet and include one, two and three-bedroom floor plans. The living features include upscale countertops and flooring, stainless appliances and fixtures, individual patios, and best in class bedroom and closet space. Select homes also come with private attached garages.

“As the greater Charlotte market continues to grow, renting families and young professionals are finding Rock Hill, and Waterford Terrace in particular, to be a great value as it offers upscale, maintenance free living with all of the bells and whistles and amenities that today’s renter expects from the modern apartment community,” mentioned Tami Fossum, Blue Ridge’s Vice President of Management Services.

“Luxury apartments are extremely desirable, especially in such a great city as Rock Hill. The community offers on-site amenities such as a salt water swimming pool and a fully loaded fitness center. Resident families enjoy the larger space of the 3 bedroom plans and are also drawn to the property due to its convenient access to I-77 and the Rock Hill Galleria shopping center”, added April Vasta, the property’s Regional Manager.

Blue Ridge will manage Waterford Terrace on behalf of its ownership, local developer The Flatiron Group. With the addition of Waterford Terrace, Blue Ridge’s management portfolio now includes over 12,000 apartment homes across the Southeast.



Blue Ridge Selected for Management of Two Wilmington Communities

High Point, NC. (January 15, 2016)  Blue Ridge Companies, a High Point, NC-based real estate development and management company, has been selected to provide management services for two communities in Wilmington, NC. The two communities recently added to the Blue Ridge portfolio include Pleasant Grove Village and Village Green.

Pleasant Grove Village is a townhouse community located in southern Wilmington with convenient access to Carolina Beach. The community, located at 4830 South College Road in Wilmington, includes 79 townhome units with rents starting at $955 a month. The townhomes feature comfortable 2 & 3 bedroom floor plans and up to 1,350 square feet with updated kitchens and flooring in select units.

Village Green apartments, located adjacent to UNC-Wilmington and just a short 3 minute walk to campus, is also now under management by Blue Ridge Companies and is located at 820 MacMillan Avenue North. The recently updated apartments feature plans ranging in size from 700 square feet up to 1,050 square feet. The community has 138 units with one, two, and three bedroom options, as well as luxury features such as as hardwood floors, oversized closets and garden tubs in select, newly upgraded units. Village Green is conveniently situated minutes from area beaches and downntown Wilmington. Tennis courts, a saltwater pool and a community grilling and picnic area round out the community amenities.

“We are excited to expand our management presence in the strong Wilmington, NC market, as both communities will receive a tremendous amount of expert attention as we look for ways to best position these assets and bring them into our comprehensive ‘Positive Impact’ management system. Blue Ridge Companies is very excited about these new additions to our management portfolio.” said Tami Fossum, Blue Ridge Companies’ Vice President of Management Services. “On a company level, we are experiencing strong demand for our specialized approach, so we will continue to actively grow our management services division in 2016.” With the recent acquisitions to their management portfolio, Blue Ridge now manages 1,070 units in Wilmington alone, and over 11,500 units across the Southeast.



Blue Ridge Expanding Existing Footprint; Moving Forward with Multiple Construction Projects

High Point, NC. (January 5, 2016)  Blue Ridge Companies, a High Point, NC-based real estate development and management company, has announced plans to break ground on expansions to three different communities in their portfolio. Additional three-story, garden-styled residential buildings will be added to; Reserve at Glenburnie in New Bern, NC, Reserve at Park West in Spartanburg, SC, and Millcrest Park in Fort Mill, SC.

The three communities were originally built in the mid-2000’s and share a similar amenities package. Improvements in the newest phases include 9 ft. ceilings, bathrooms with cultured marble vanity tops and sinks, upscale floor plans amply sized up tp 1,300 square feet, upgraded kitchens with stainless steel, double sinks and designer espresso finished cabinetry, faux granite countertops and large capacity, energy-efficient appliances. Select units will offer faux wood-grained flooring and silver metallic appliances.

“As we continue to create sought after communities in new markets, we’ve experienced strong, positive growth in our existing assets. Based off of our current performance and confidence in the growth potential that we have in these markets, we’ve decided to expand these three high performing communities. Once complete, we’ll have added 108 more units at Millcrest Park and 144 new units at Reserve at Park West. ”says Susan Passmore, Executive Vice President for Blue Ridge Companies. “The Reserve at Glenburnie will add 120 new units, to bring our portfolio to 11,603 units under management.” adds Passmore.

Blue Ride Companies’ focus is on identifying multi-family opportunities and developing communities that offer convenient, well-located properties in the local community. The newest additions will increase the number of the communities’ most demanded floor plans that are available for renters in each of their respective markets.

“We’ve been very pleased with the performance in the original phase of these properties. We’re glad we can continue to invest further into these communities and create new homes for residents located in desirable, growing cities and towns.” The company delivered the first Phase II units in New Bern prior to the end of 2015 and anticipates delivery in Spartanburg and Fort Mill sometime during the second quarter of 2016.



Blue Ridge Companies Continues Portfolio Growth in Fayetteville, N.C.

FAYETTEVILLE, NC. (May 6, 2015) — Blue Ridge Companies, a real estate company based in High Point, NC, is pleased to announce that it has been awarded the property management services contract for a 107 unit property located in Fayetteville, NC. With the addition of this community, Blue Ridge now manages three distinct properties in Fayetteville, increasing their total regional portfolio to 11,161 units under management in the Southeast.

Appropriately named the “The Villagio”, Blue Ridge’s newest community is a luxury resort-inspired, 4 level mid-rise property wrapped in a beautifully landscaped setting. With leases ranging from $760 to $1275 per month, this lavish, upscale community offers floor plans ranging in size from 637 to 1426 square feet, making them some of the most spacious 1, 2 and 3 bedroom floor plans available in the market. These beautiful apartment homes feature designer touches such as balconies, 9 ft. ceilings with crown moulding and accented archways. Each unit has a large, gourmet kitchen with warm wood finished cabinets and nickel-finished hardware as well as granite counter tops and sleek black appliances.

“The Villagio is an attractive property inside and out. Many apartments overlook the designer pool and fountain courtyard. It’s beautiful, resort inspired landscaping and elevator accessible units make this a very desirable place to live. It’s also located in central Fayetteville, situated between the Bragg Blvd. and the new Blanton Road areas with convenient access to a number of great restaurants, antique shops, parks and museums.” Tami Fossum, Vice President for Blue Ridge Companies.

“For those who are looking for the feel of luxury living at an affordable price, the Villagio is unmatched as most communities in the market do not offer such a full amenity package. This gated-community offers valet trash service, an on-site car care center and optional garages, which help to create a wonderfully convenient lifestyle for our residents.” Other resident favorites are the oversized, state-of-the-art fitness center, Media Room with plush leather seating and one of the area’s largest resort-style pools with a Las Vegas style fountain feature. Being a very active community, our residents enjoy frequent events at the clubhouse which offers pool side grilling and an abundance of indoor and outdoor social space, 24 hour business center and Wi-Fi.” adds Fossum.

Information about Blue Ridge Companies management services is available by calling 800.410.7228 ext 1529.

Blue Ridge Companies.  The Positive Impact People.