Pegasus Residential Selected to Manage Lynden Square in Charlotte, NC
Atlanta, GA – April 29, 2015 – (RealEstateRama) — Investors Management Group, Inc. has selected Pegasus Residential to lease and manage Lynden Square, a 476 unit community located in Charlotte, just minutes from both Uptown Charlotte and South Park Mall.
“Lynden Square is an ideal acquisition for Investors Management Group,” said Neil Schimmel, IMG’s Founder and President. “As a superbly located property in a consistently top-rated city, the community represents a great entry point for our firm into the Charlotte market. We believe our alignment with Pegasus Residential is essential to our success in Charlotte and look forward to working closely with their team.”
Current residents can expect a streamlined transition to the new management company. “Pegasus Residential is very excited to begin our management relationship with Investors Management Group by the addition of another property to our Charlotte, NC portfolio,” stated Debbie Conley, COO of Pegasus. “This property will enable us to offer housing in a different area of Charlotte, and we are looking forward to working with IMG and assisting them in their growth in the North Carolina market.”
About Investors Management Group, Inc.
Investors Management Group (“IMG”) is a private real estate investment firm focusing exclusively on the multifamily sector. IMG specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation. Since its inception in 1993, IMG’s multifaceted platform has encompassed ownership, investment sponsorship, financing, asset management, and advisory services to multiple investment partners including financial institutions, private equity funds, family offices, and high net worth individuals. For more information, visit www.imgre.com.
About Pegasus Residential
Pegasus Residential is a boutique, third-party management company that is headquartered in Atlanta, Georgia, and they manage 22,000 units in more than 40 metro markets. Pegasus provides expertise in acquisitions, new development, and re-development; and, also serves as consultants in building and construction services for their clients. For more information, visit www.pegasusresidential.com.
