Article courtesy of multifamilybiz.com
VIRGINIA BEACH, VA – The Franklin Johnston Group, the Virginia Beach based apartment developer and manager, has announced an agreement to manage the Marina Shores Apartments complex in Virginia Beach. The management contract is effective January 5, 2015.The property was formerly managed by Mckinley, Inc., an Ann Arbor, Michigan management company.
Marina Shores Apartments, located on Great Neck Road, were built in 1991 and offer 392 one, two and three bedroom rental residences. Rents range from $1,060 to $1,615. Marina Shores offers a full complement of amenities including swimming pool and sun deck, tennis courts, playground, fitness center, clubhouse and business center. The property is within a short walk to the beach and its proximity to 3 major military bases makes it an attractive address for the region’s large military population. A full service marina and restaurant are also adjacent to the property.
“This is one of Virginia Beach’s most desirable addresses and most visible communities,” said Taylor Franklin, FJG Chief Operating Officer. “Its design integrity and quality of construction make it a very nice fit with our current portfolio,” Franklin added. “Our team is extremely excited about managing this community and we appreciate the confidence its owners have placed in us to deliver a first rate experience to every resident.
The Franklin Johnston Group is a developer and manager of multifamily rental residences in the senior, luxury and affordable housing sectors. The company owns and manages more than 10,000 units and 53 properties throughout the Eastern U.S.