The Madison Real Estate Group Awarded Property Management Assignment by City National Bank

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The Madison Real Estate Group is a leading independent full service commercial real estate company that owns and operates multifamily and commercial properties in Nevada, California and Arizona. The Madison Real Estate Group was selected because of its proactive property management style and local presence in the Las Vegas marketplace to manage Saratoga Palms. Madison’s Vice President Jacqueline Kimaz, with more than 22 years of property management experience will oversee this project.

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City National Bank Retains The Madison Real Estate Group to Manage Saratoga Palms

The Madison Real Estate Group will work as the liaison between the owner of record and the tenants while working to improve the living conditions and enhance the value of the asset

City National Bank selected The Madison Real Estate Group because of the firm’s strong property management presence in Las Vegas and substantial experience in managing bank-owned assets.

Located at 522 N. Lamb Boulevard, Saratoga Palms is a 56-unit, 47, 696 square foot apartment complex, consisting of four buildings and features covered parking, a pool, spa and laundry facilities.

The Madison Real Estate Group with their hands-on approach has been a tremendous asset in helping City National Bank re-position Saratoga Palms. Their professionals view each asset that they manage as if it were their own and look for ways to increase the asset’s value through multiple value-added strategies as well as lowering operating costs.

Additionally, tenant retention and filling vacancies through proactive management are key to getting through this current cycle. It is critical that property owners have a plan in place or hire an experienced management company to create and implement a strategic plan before the property value is impacted beyond an acceptable level.

About The Madison Real Estate Group

The Madison Real Estate Group is an entrepreneurial and experienced full service multifamily and commercial real estate company that serves as a trusted advisor to financial institutions and private investors. We have built our reputation by offering innovative solutions to our clients property management needs, adding value to their portfolios, and consistently exceeding their expectations for service and performance.

City National Bank Testimonial

“It has been a pleasure to work with you and the Madison Real Estate Group in the management of Saratoga Palms in Las Vegas.

Your team performance and knowledge of the asset has been outstanding. You have consistently managed our assets in a professional and effective manner. Your personal integrity and excellent communication skills allow you to well represent City National Bank’s interest in Nevada.

We look forward to working with you and your team and thank you again for your assistance.”

Mike Rizkowsky
Special Assets

Contact:

For more information about The Madison Real Estate Group please visit our website at http://www.madisonreg.com or contact:

Joe Kimaz
The Madison Real Estate Group
8670 West Cheyenne Avenue
Suite 120
Las Vegas, NV 89189
Phone: 702-988-7474
info(at)madisonreg(dot)com

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