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Lockwood Multifamily Changes Name to Lockwood Residential

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Lockwood Multifamily Changes Name to Lockwood Residential

PR Newswire

SOUTHFIELD, Mich., July 20, 2018 /PRNewswire/ -- Lockwood Management, LLC – Michigan Limited Liability builder, real estate developer, and property management company – is proud to announce Lockwood Multifamily has been rebranded to Lockwood Residential. This new name more accurately reflects the range and diversity of services offered to residents.

Since January 1, 2017, Mark Lockwood has been President and CEO of Lockwood Residential.

Lockwood Residential's long-term philosophy encourages three areas of focus that reflect the company's core values: being results driven, team focused, and placing emphasis on doing the right thing. Lockwood Residential will continue to remain dedicated to serving residents and providing them with exceptional and prompt service.

Mark Lockwood has been President and CEO since January 1, 2017. Lockwood commented, "Our new name, Lockwood Residential, is in step with how we've expanded and customized what we offer the communities that we serve. While our name has changed, the great service and commitment to our communities will remain the same as it always has been."

Over the years, Lockwood Residential has grown to oversee thirty-seven communities in Southeast Michigan and Ohio, managing over 4,300 apartment homes, including both family and senior housing, and affordable and market rate communities. This full-service property management company features greater oversight than most of its competitors due to the fact that regional managers oversee, on average, only eight properties.

Managed Lockwood Residential communities include family units as large as our Parkwood Manor II and Oxford Square units that hold 200 or more units to communities as small as Springbrook Townhomes II unit that holds 48 units. Of Lockwood Residential's senior housing units, Lockwood at Davison is the largest with 191 units.

With over 15 years of experience with the Michigan State Housing Development Authority (MSHDA) financed assets, Lockwood Residential has 18 MSHDA financed properties under management. MSHDA has selected Lockwood Residential to manage communities on their behalf when they foreclose or take control of troubled properties. In a recent independent study, MSHDA properties managed by Lockwood Residential were ranked best amongst their peers.

About Lockwood Residential

Founded in 2000, Lockwood Residential currently manages over 4,300 apartment homes in 37 communities across Southeast Michigan and Ohio. Lockwood Residential includes senior and family units as well as Low Income Housing Tax Credit, HUD, and market rate units under its management.  Learn more about Lockwood Residential by visiting LockwoodCompanies.com.

 

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SOURCE Lockwood Residential

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