Allied Orion Group to Care for Three SA Affordable Communities
- Oct 05, 2015
By Anca Gagiuc, Associate Editor
After acquiring a trio of affordable housing properties on August 31, AV Affordable Housing of Houston, in partnership with Think Housing Development of California, selected Houston-headquartered Allied Orion Group as property manager.
All three communities offer residents a wide range of amenities including pools, playground areas, on-site laundry facilities, clubhouses, and planned activities. The new owner has a reconstruction plan scheduled for 2016 that will total more than $40,000 per unit. Computer classes and other social service programs will be included in future services to residents.
Brookhollow, located off I-10 in Kerrville, is a 48-unit community with one- to three-bedroom apartments; Cheyenne Village, located west of downtown San Antonio, is a 60-unit residential complex with one- and two-bedroom floor plans; and Chisolm Trace, located close to I-10 in Northwest San Antonio near the USAA corporate headquarters, has 126 apartments ranging from one- to three-bedroom units.
“When we made the decision to enter the affordable housing market, the first property management resource we looked to was Allied Orion Group,” said Alison Dimick Malkhassian, principal of Alara Ventures, AV Affordable Housing’s parent company. “Knowing the firm’s reputation for more than 15 years as a leading market rate developer/manager made them our ‘go to’ resource. The depth of management experience and talent within their affordable housing group was evident from the very beginning, and they have done nothing but exceed all of our expectations. We know Allied Orion Group is as committed as we are to providing clean, safe and decent long-term affordable housing to those most in need.”
Image courtesy of Allied Orion Group