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NEWS From Within Alpha-Barnes


 

Alpha-Barnes Real Estate Services Expands Senior Management Team
Industry Veteran Hugh A. Cobb Joins Company as Principal

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Hugh A. Cobb

Dallas, Texas (11/29/2016) – Alpha-Barnes Real Estate Services, a leader in the real estate management and development field, today announced that Hugh A. Cobb will join the firm as a principal. Founded in 1990, Alpha-Barnes offers a comprehensive suite of services including: multi-family development and acquisition, conventional and affordable multi-family property management, and government housing program compliance.

Cobb most recently served as chief operating officer for Capstone Real Estate Services. He has been in the property management industry since 1985.  He has directly and indirectly supervised hundreds of thousands of units. His experience includes new construction (lease-up and stabilized management), value added rehabs, affordable housing, office buildings, retail centers and more.

With more than 20,000 units in 150 properties under management, Alpha-Barnes has continued to rapidly expand its business. In 2016, the firm ranked number 18 in the “Affordable 100” rankings compiled by the National Affordable Housing Management Association, up from number 35 just a year earlier.
Cobb joins principals Jeff Barnes, Stephen Barnes and Mike Clark, a management team at Alpha-Barnes with more than 100 combined years of experience in the field of real estate management and development.  They possess exceptional experience and success, few firms can equal.  

“Our company is in a growth mode with exciting opportunities to grow every aspect of our multi-family rental housing business in Texas,” said Jeff Barnes, Alpha-Barnes principal. “Hugh’s experience, reputation and industry contacts will be invaluable as we move our company to the next level.”

“This was a rare opportunity to obtain an equity position in a highly respected company with a solid management team in place, and with a platform that is poised to continue to grow,” said Cobb. “There are tremendous opportunities in the affordable housing field as well as in market rate properties both for development and management. Alpha-Barnes has both the team and track record to take advantage of these opportunities.”

“There are continuing growth opportunities in the multi-family-management field,” said Mike Clark, Alpha-Barnes principal. “Our team has long-term experience in managing the complexities associated with maximizing the value of an owner's asset in today's intensely competitive market as well as the critical nature of governmental compliance in the various affordable housing programs.”

About Alpha-Barnes Real Estate Services (A-BRES)

The multi-family management division of Alpha-Barnes specializes in managing all types of residential apartment properties including; conventional market rate, HUD insured loans, Bond-financed (including state allocations and non-profit tax exempts), Low Income Housing Tax Credit (LIHTC) (including mixed income properties) and seniors properties (including those for families over 55 and over 62). 

In the multi-family field the firm has developed apartment communities since 1985 and offers basic consultation, asset evaluation and analysis (due diligence), marketing and leasing services.  A-BRES currently has four Dallas-Fort Worth projects in various stages of development.   

More information is available at www.alpha-barnes.com.


 

ALPHA-BARNES REAL ESTATE SERVICES, LLC ADVANCES TO 18TH ON THE 2016 NAHMA “AFFORDABLE 100” LIST

Alpha-Barnes Real Estate Services, LLC (A-BRES) moved up the “Affordable 100” rankings from 35th in 2015 to 18th in 2016. The survey was conducted during the first quarter of 2016 and shows A-BRES with a total of 14,745 affordable units in its management portfolio.

Each year, the National Affordable Housing Management Association (NAHMA) of Washington, D.C., surveys the industry and publishes the “Affordable 100”. That list ranks the largest affordable housing management companies in the United States ranked by affordable unit counts. In making the count NAHMA includes HUD Project-Based Rental Assistance units, units using Section 42 Low Income Housing Tax Credits (LIHTC), units financed using HOME funds, Bond-financed properties and USDA RD Section 515 units.

Mike Clark of A-BRES reacted to the May 26, 2016 announcement, “We are thankful that our clients trust us with their property management and program compliance responsibilities and that they have allowed us to become one of the largest companies in the U.S. doing what we love to do.” Clark continued, “We also thank NAHMA for conducting this survey every year and allowing all of us to see how we measure up to the rest of the industry.”

In addition, A-BRES was identified as #19 on the NAMHA “Affordable 100 Specialty List” that names the largest managers of LIHTC Properties in the US.

For more information:
 http://www.nahma.org/about/affordable-100/

About NAHMA: NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing. NAHMA supports legislative and regulatory policy that promotes the development and preservation of decent and safe affordable housing, is a vital resource for technical education and information and fosters strategic relations between government and industry. Founded in 1990, NAHMA’s membership today includes the industry’s most distinguished multifamily owners and management companies. Visit www.nahma.org for more information.


 

Alpha-Barnes Real Estate Services, LLC is a full-service real estate company specializing in Development, Acquisitions and Property Management.
Since 2000, our primary business has been within the Apartment Industry.