HOUSTON (August 20, 2024) – Asset Living, one of the nation’s leading third-party property management companies, was chosen by real estate investment firm Stonebridge Property Group. In 2024, Stonebridge Property Group (Stonebridge) moved all properties under Asset Living’s management that included eight student housing communities across New York, North Carolina, Florida, and most recently Texas with the takeover of The Oasis in San Marcos – Stonebridge’s largest asset to date that brought the investment company to a total of more than 2,800 beds.
“We are thrilled to be working in partnership with Asset Living this year,” says Stonebridge Property Group’s Founding Partner Eli Zakay. “Their industry reputation and commitment to excellence aligns perfectly with our values – and they have already contributed greatly to the success of our properties and the satisfaction of our residents. We look forward to continuing this partnership and enhancing our communities with Asset Living’s property management expertise.”
Zakay, an entrepreneur and real estate investor, started his real estate career in 2012 which was based in Manhattan and focused on multi-family rental properties. In 2018, he founded Stonebridge Property Group after landing a student housing deal in his home state that led him to focus solely on student housing opportunities and expansion into the southern states as far west as their recent purchase in Texas. In October of 2023, Morris Levy, the Co-Founder and former Chief Executive Officer of The Yard – a company that offers coworking and private office spaces to clients across New York City, Philadelphia, and Washington, D.C. – joined Stonebridge as an investor early on and more recently as a full time Principal.
“Today, Stonebridge offers our partners opportunities to invest in real estate with strong cash flow and long-term appreciation, while preserving capital and minimizing risk,” says Levy. “Our business is well funded for success and we’re currently in the market with a goal of 10,000 beds under management by 2028.”
Asset Living’s Executive Vice President of Business Development Jason Fort shares, “This partnership with Stonebridge has allowed our teams to shine and do what we do best. From introducing technology enhancements to offering our customized client service for every community, this partnership in addition to all the growth we’ve seen across our student housing portfolio has led to a successful first half of 2024 – and we’re already projecting to meet our year-end targets.”
For more information about Asset Living, please visit www.assetliving.com. To learn more about Stonebridge Property Group, visit their website at www.stonebridgepropertygroup.com.
About Asset Living
Founded in 1986, Asset Living (Asset) is a Houston-based real estate management firm. With a growing portfolio that includes a multitude of properties across the nation, Asset Living provides services to a variety of clients that include property management, asset management, receivership, and investment services. Asset is a member of The Institute of Real Estate Management and is recognized as an Accredited Management Organization. To learn more, please visit www.assetliving.com.
About Stonebridge Property Group
Founded in 2018, Stonebridge Property Group LLC (Stonebridge) is a real estate investment firm that is focused on student housing and is well funded to expand into top tier markets across the country. To learn more, please visit www.stonebridgepropertygroup.com.
