BMOC Inc. is proud to announce that they just added a new construction student housing community in Green Bay, Wisconsin to their growing portfolio.
FOR IMMEDIATE RELEASE / PRURGENT
In the first quarter of 2016, BMOC has added over eight new communities in both existing student housing communities and new developments to open in 2016-17. With an ever-expanding, talented team, BMOC continues reaching for new heights for their clients. Their current portfolio covers eight states with a balance of between 4,000 and 6,000 beds nationwide. Since 2011, BMOC has successfully been part of over eleven communities being repositioned and then sold all across the nation. Their success can be measured in capitalization rates from 5.75 to 7.2. Most of those assets were being held by the original investors/financers and were managed previously by large nationwide student housing companies. BMOC, with over 30 years of experience, was able to reposition those assets for successful sale. In over three of those communities, occupancy was below 30% when BMOC took over and was sold at 100%.
BMOC is proud to announce that they have added over five professional level executives to their team. BMOC has also been able to attract impressive talent from colleges that specialize in Real Estate and Real Estate Management. BMOC is an IREM-based company and most property managers, after one year of service, are Accredited Residential Managers. BMOC’s newest talent recently graduated from Emory University, Atlanta, GA and will entering law school next year. BMOC has one of the most experienced and educated teams in the Student Housing industry. BMOC’s corporate office is just blocks away from a large, notable Division I University. BMOC is reminded daily of what’s most important to their clients; that is the service to students and to develop them into successful alumni. BMOC accomplishes that through a fantastic company culture and the dedication to the communities they serve.
BMOC is excited for the properties that they currently have slated to open in 2016 and 2017. This will lend more opportunities not only for the company’s employees but also for clients as BMOC can continue to expand their current experience across the country.
For information on BMOC, Inc. or to gain their expertise within your portfolio, please reach out to President William Levy at 608-255-2301 or BMOC’s National Leasing and Marketing Director at 850-420-8848.