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PPA REAL ESTATE MANAGEMENT’S KIM PHILLIPS KNOWS HER RESIDENTS; PROMOTED TO AREA MANAGER

AUSTIN, Texas– Kim Phillips has been promoted to Area Manager for the San Antonio office of PPA Real Estate Management. Previously, Ms. Phillips held the position of General Manager but her outstanding leadership skills to manage 786 units and her process to reduce annual turnover has paid off.

“Kim has demonstrated top leadership skills. She has had a lot of success in increasing net operating
income (NOI) and she understands her residents and their needs. This resident relationship is key in
reducing the annual turnover rate,” said Glenn Gonzales, President, PPA Real Estate Management. The
properties that Ms. Phillips oversees are Sunset Canyon, The Heights at Midcrown, and Hunter’s Bend
apartments, all located in San Antonio. Ms. Phillips has been with PPA Real Estate Management since
August 2008.

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 and
student housing, in addition to commercial and mixed-use developments.

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

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