NRP Group Recognized by Multifamily Executive for Project of the Year Award

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MultiFamily Executive magazine announced The NRP Group was awarded with the Project of the Year: Mixed-Income Merit award for San Juan Square Apartment Homes, San Antonio, TX at the 2009 Multifamily Executive and Developer Awards ceremony held in Las Vegas. NRP was recognized among more than 40 awards presented at the event recognizing exceptional projects and programs across 17 categories.

Rob Brittt, Publisher, Multifamily Executive and Dean Allison, VP Property Management, NRP Group

In a truly tough economy, this year's winners not only showcase the talent and creativity of the multifamily industry but also the business acumen required to build projects capable of revitalizing communities. We were truly impressed and humbled by the scope of the work, the designs, and the overall developments this year.

MultiFamily Executive magazine announced The NRP Group was awarded with the Project of the Year: Mixed-Income Merit award for San Juan Square Apartment Homes, San Antonio, TX at the 2009 Multifamily Executive and Developer Awards ceremony held in Las Vegas. NRP was recognized among more than 40 awards presented at the event recognizing exceptional projects and programs across 17 categories.

Rachel Azoff, Managing Editor, Multifamily Executive remarked, "In a truly tough economy, this year's winners not only showcase the talent and creativity of the multifamily industry but also the business acumen required to build projects capable of revitalizing communities. We were truly impressed and humbled by the scope of the work, the designs, and the overall developments this year."

"I'm honored to have had the opportunity to accept this award for The NRP Group and Dan Markson, Sr. Vice President of Development for our Southwest region," said Dean Allison, Vice President Property Management, NRP Group. "San Juan Square has been a redevelopment of a community once consumed with blight and housing units that were over 60 years old and beyond repair. Now, the area has been reinvigorated and the site has provided the opportunity for integration into the surrounding neighborhood in partnership with the San Antonio Housing Authority."

San Juan Square Apartment Homes is an urban three-story design enhancing the neighborhood atmosphere that is harmonious with the architecture of the neighborhood, but at the same time, integrates into the adjacent busy commercial corridor. Phase II of San Juan Square is currently in lease-up. For more information, visit http://www.sanjuansquare.com.

The NRP Group LLC: Developer, Builder and Management Company
The NRP Group LLC 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 the National Association of Builders 2009 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 and senior housing, as well as commercial and retail properties. In all, more than 12,000 multi-family and single-family housing units have been built with another 1500+ planned in 2009.

In 2003, the owners formed NRP Management, which by year-end 2009 will manage more than 50 properties encompassing over 6,000 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 San Antonio, Texas, Cleveland, Ohio; Tucson, Arizona; Phoenix, AZ; Raleigh, North Carolina; for more information, call (210)487-7880 or visit http://www.nrpgroup.com.

Contact: Diane Christy
Phone: 216.475.8900
Fax: 216.475.0700

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Diane Christy
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