Santa Cruz, CA; September 7, 2022 – Woodmont Real Estate Services’ CEO Ron Granville, CPM® announced that the company has significantly expanded its property management coverage by opening an office in Santa Cruz County to serve Santa Cruz and Monterey Counties. It is the company’s 4th Regional Office. The others are in Belmont (which is also Woodmont’s headquarters), Santa Rosa and Sacramento.
The expansion was spurred by winning new business, as Woodmont has taken over property management duties for the real estate portfolio owned by the Lester Company, a family-owned investment firm.
The new accounts feature eight commercial assets and three apartment communities totaling nearly 400 apartment homes, the largest of which is Meadow View Apartments in Watsonville, and the Almar Shopping Center in Santa Cruz. The approximate 70,000-square-foot shopping center is anchored by Safeway.
The additional commercial and industrial buildings include the Westridge Business Park in Watsonville. The new management agreement also includes two additional apartment communities in Watsonville.
Concurrent with the growth, Woodmont has promoted Armando Rodriquez to Regional Manager. He has been with the company since 2019. Armando has held various positions and completed the successful lease-up of a new Santa Cruz multifamily community in 2021. His portfolio will include both commercial and multifamily assets throughout Santa Cruz County. Rodriquez has worked in the property management industry for 10 years.
With the additional properties under management, Woodmont now has 16 assets in Santa Cruz County and is actively developing new business in Monterey County.
The new accounts build on the momentum Woodmont developed in 2021 with new business. In the past year the Belmont-based property services firm added 10 commercial assets to its management portfolio and 21 new apartment communities, bringing the number of apartment homes managed by the firm to over 13,000. The new commercial accounts cover more than 750,000 square feet. Of the 6 million+ square feet of commercial property now managed by the company, over 2 million square feet consist of retail real estate.
Woodmont Real Estate Services is an independently owned and exclusively Northern California property management and building services company specializing in multifamily and commercial properties. The firm is 100% third-party management firm without ownership conflicts of interest. For more information call 650.592.3960 or visit www.wres.com