Security Properties Establishes Property Management Firm
Madrona Ridge Residential specializes in property management services that improve resident satisfaction and maximize value for owners by creating positive resident experiences in apartment living.
The company will initially provide management for multifamily assets currently controlled by Security Properties and may eventually offer third-party property management services.
Madrona Ridge Residential also offers services that enhance its overall multifamily management capabilities. They include compliance management to ensure apartment communities meet financial, operational and regulatory compliance, as well as construction management for projects of all sizes.
Madrona Ridge residentialâ€™s executive leadership team includes seasoned executives with longstanding expertise in multifamily real estate, finance and property management, including John Orehek, CEO; Gail Duke, managing director; Philissa Sargin, controller and Bob Krokower, CFO.
Ms Duke brings over 25 years of experience to her new role as managing director of Madrona Ridge Residential. Most recently, she served as senior vice president at the Sares-Regis Group, and vice president at Belkorp Holdings.
Previously Ms Duke held executive management roles at Riverstone Residential Group and Trammell Crow Residential overseeing operations in the West.
John Orehek, president and CEO of Security Properties and CEO of Madrona Ridge Residential, said: â€œOur role as multifamily owners, investors and third-party fiduciary trustees for over four decades gives us extraordinary insight and market knowledge into the rental housing sector.â€
Will the move benefit Security Properties?
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