BR3 Acquisition August 01, 2016
First Choice Management Group took over management of three properties in Baton Rouge, LA on June 30, 2016. These three properties: Bellemont Victoria I, Bellemont Victoria II, and Park East, are very consistent in their size, structure, and state. Bellemont Victoria I is a 195-unit, two-story, garden style complex built in 1976. Bellemont Victoria II is a 198-unit, two-story, garden style complex built in 1972 and located across the street from Baton Rouge’s Bellaire High School. Park East is a 190-unit, two-story, garden style complex built in 1972. Because these properties are so similar and in such a close proximity to one another, First Choice Management will be able to implement a consistent and efficient organizational structure and method that will benefit from economies of scale.
Management of these three properties, along with that of Latitude 30, another property located in Baton Rouge, acquired earlier in 2016, will allow First Choice Management Group to quickly make an impact as a professional management company in the Baton Rouge market. With four properties and 679 total units in the Baton Rouge area, FCMG will have immediate management scale in the area and will quickly be able to provide professional service to both its owner clients and its tenant customers.