NaviStone Partners LLC -- An Affiliate Company of The NRP Group LLC

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The NRP Group is pleased to announce the formalization of its affiliate company, NaviStone Partners LLC. NaviStone is a real estate investment and advisory company providing multi-family developers a certainty of financial execution during uncertain times.

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“NaviStone added tremendous value to our capitalization efforts on two LIHTC developments in Florida this year,” said Greg West, Chief Operating Officer of ZOM, Inc.

The NRP Group is pleased to announce the formalization of its affiliate company, NaviStone Partners LLC. NaviStone is a real estate investment and advisory company providing multi-family developers a certainty of financial execution during uncertain times.

“NaviStone added tremendous value to our capitalization efforts on two LIHTC developments in Florida this year,” said Greg West, Chief Operating Officer of ZOM, Inc. “It is always a pleasant surprise when partners exceed expectations; we are very excited about our growing relationship with NaviStone.”

For any inquires on NaviStone Partners LLC, please contact 216-584-0990.

About The NRP Group LLC: Developer, Builder and Management Company
The NRP Group is a full-service developer, general contractor, and property manager providing a broad range of services. From start to finish, every project The NRP Group takes on is carefully contemplated and executed to maximize investment return, cost efficiency, productivity and satisfaction. The NRP Group has been recognized as NAHB’s Multifamily Development Firm of the Year and has been ranked number one in the Top 50 Affordable Housing Developers for 2007, 2008 and 2009 by Affordable Housing Finance.

Since its founding in September 1995 by Alan F. Scott, T. Richard Bailey and J. David Heller, the company has experienced continual growth in the fields of single-family, multi-family, senior and student housing. In all, more than 15,365 housing units have been built with another 1,940+ planned in 2011.

In 2003, the owners formed NRP Management, which at year-end 2010 managed 79 properties encompassing 8,211 market rate and tax credit family and senior apartment properties in Ohio, Michigan, North Carolina, Virginia, Texas, Indiana, New Mexico and Arizona.

The NRP Group, LLC has offices in Cleveland, Ohio; San Antonio, Texas; Houston, Texas; Phoenix, Arizona; Tucson, Arizona; Buffalo, New York; Raleigh, North Carolina; and Orlando, Florida. For more information, call (216) 475-8900 or visit http://www.nrpgroup.com.

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Diane Christy
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