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ENCINAL APARTMENTS ADDED TO PPA REM PORTFOLIO

SAN ANTONIO, Texas—PPA Real Estate Management has just announced that Encinal Apartments has been added to their portfolio of properties that they manage. The 201-unit apartment community on 444
Utopia Lane in San, Antonio features one and two bedroom units with varying layouts. “We’re really looking forward to get to know the residents,” says Debi Heines, Vice President of Operations at PPA REM. “Many of our property managers hold fantastic resident activities and we’re so happy to bring that to Encinal.”

The first items on PPA REM’s list are a couple of exciting renovations. The first is relocating the leasing office to the former clubhouse. The clubhouse is large enough to house the on-site property management team but requires a total renovation since it has been boarded up for years. The second is a full renovation of 50 vacant units within 90 days. These units are currently just shells; there are no counters, cupboards, or flooring. They will be renovated and released 5 to 10 units at a time. “I’m really excited to start marketing these new units. Because there are only 50 of them, there will be some urgency for people to come and lease one right away before they’re all gone,” says Jessica Lee-Wen, Marketing Director. “They’re going to be brand-spanking new units so the message to everyone will be ‘Come and get em’ while supplies last’.”

About PPA Real Estate Management, LLC (“PPA REM”)
PPA Real Estate Management, LLC (“PPA REM”) is a privately held full-service property management
company, extending its management expertise into areas of residential multifamily, affordable housing, in
addition to commercial and mixed-use developments for single owners, investors, and bank-owned properties. PPA REM is headquartered in Austin, Texas and specializes in turning around under-performing and distressed properties.

Contact: Jessica Lee-Wen, Marketing
The PPA Group, LLC
(512) 651-0513

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