PHOENIX – Sunrise Management – which has specialized in the management of residential real estate since 1978 – has expanded its Southwestern operations, opening a new Phoenix-area office at 1921 S. Alma School Rd., Suite 214, Mesa, Ariz. To keep pace with growth in the region, Kevin Pennel has been promoted from regional real estate manager to regional vice president for the new office and will lead a team overseeing an expanding portfolio of multifamily properties.
According to Pennel, the multifamily market in the Phoenix area is robust and because of demand, coupled with its proven track record in the area, Sunrise is expanding in the region. The firm currently manages approximately 3,659 units within 19 communities in the Phoenix Metroplex – with properties in Phoenix, Mesa, Tempe and Scottsdale.
“Due to the booming multifamily market, as well as our ability to add value via strategic re-branding and positioning, we are experiencing tremendous growth in the Phoenix area. In fact, we anticipate new locations in the region will be under our management within the next 60 days,” Pennel said.
Pennel – who has a vast knowledge of the Phoenix submarket with an emphasis on project management, repositioning and providing expertise in add value real estate investments – joined Sunrise in 2009. With more than 20 years of industry experience, he began his career in property management in 1989 and previously held the position of vice president of asset management for Bronco RE Private Equity Real Estate.