Press Releases
Kettler Announces Second Property Under Management in New Jersey
December 17, 2009
McLean, Va. (December 17 2009) – Kettler, one of greater Washington D.C.’s largest real estate development and multifamily property management companies, today announced that Alexan Riverdale, an apartment community in Riverdale, N.J., is the firm's newest property under management and its second in New Jersey since the first of the year.
Currently under construction, the Alexan Riverdale is being developed by Trammel Crow Residential under its national Alexan brand of upscale apartment communities offered at competitive rates. When completed, Alexan Riverdale will offer 212 “Class A” apartments.
Earlier this year, Kettler was named property manager for Trammel Crowe Residential’s Alexan Cityview, a 544-unit, Class A apartment community located across the harbor from Manhattan in Bayonne, N.J. The Alexan Cityview was Kettler's first property under management beyond its headquarters service area of Washington, D.C., Maryland and Virginia.
According to Cynthia Clare, president of Kettler Management, Inc., the addition of Alexan Riverdale to the firm's portfolio brings the total number of units under management to more than 13,000, an increase of approximately 20 percent since the beginning of the year.
"Our increase in total units under management as well as our expansion into the New York market are the result of the increasing recognition by property owners of our 30 years of industry experience and expertise in the management, marketing and maintenance services, including sales, marketing and operations,” Clare said.
In addition to the Alexan Cityview and Alexan Riverdale properties under management in New Jersey, other "Class A" apartment communities under management by Kettler include the Alexan Carlyle, Alexandria, Va.; The Linc of Alexandria, Va.; Alexan 24 and the Millennium at Metropolitan Park, both in Arlington, Va.; The Metropolitan at Village at Leesburg, Va.; Fireside, Rockville, Md., and Lighthouse, Beltsville, Md.
Since the first of the year, the firm is now also managing properties for three additional institutional investors including Prudential Mortgage Capital, istar Financial and Carlyle Group.
Kettler Management, Inc. also manages properties for other leading institutional investors such as ING, Cornerstone Advisors, Sun America, Boston Capital, Principal Financial Group, Trammell Crow Residential, Lowe Enterprise Investors and CIM Group.
About Kettler
Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the DC metro area and one of the nation’s top multifamily developers. The firm's diverse business model has led to the delivery of five million square feet of commercial space and over 50,000 homes in its master-planned communities. Kettler’s rental portfolio includes high-end, market rate, affordable and fee managed assets. Currently, Kettler is developing commercial, resort and transit-oriented mixed-use projects. For more information visit www.Kettler.com.