NOI Property Management LLC Completes Full Lease-up of Stoneleigh On Major Phase II in Beaumont, Texas Ahead of Schedule and Rents

June 11, 2014 - HOUSTON, TX - NOI Property Management LLC is pleased to announce the full Lease-Up of Stoneleigh On Major Phase II.  Stoneleigh on Major is a 280-unit apartment community located in Beaumont, Texas.

“Once again, we and our clients are thrilled with the lease-up results of this beautiful "Class A” Asset, to 96% occupancy 2 months ahead of schedule and 3% above expected rents," said V James Marfuggi, NOIPM President.  Per Mr. Marfuggi, NOIPM expects the asset to stabilize in the coming 3 months and are looking forward to their next lease-up assignment.

About NOI Property Management LLC

NOI Property Management LLC is a Texas based 3rd party multifamily management services company.  NOIPM officers have operated over 3.5 billion in multifamily assets over the past 25 years in primary and tertiary markets across the United States. NOIPM is best described as offering high impact management for both clients and residents alike.  Adhering to best practices to exceed market performance and focusing on operating basics is what we refer to as “Performance Fundamentals".  We maximize the resident experience, emphasize product presentation, and educate our team in financial metrics, thereby raising the performance expectation.  NOIPM offers clients a proven track record of success across multiple operating disciplines: conventional management, turnaround management, value add management, construction services management and new development lease-ups. 

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