Prometheus Real Estate Group Gains New Asset

Feb 04, 2011

Press Release Source: Prometheus Real Estate Group Inc. On Thursday February 3, 2011, 11:17 am EST

SAN FRANCISCO, Feb. 3, 2011 /PRNewswire/ — Prometheus Real Estate Group Inc., the largest private owner of multi-family properties in the San Francisco Bay Area, continues to grow with a new fee managed asset, The Falls At Arden. Located in Sacramento, this 272 unit community is close to downtown Sacramento, conveniently located near Cal State Sacramento and across the street from Swanston Park. “Prometheus is very excited to begin working with our new fee client Embarcadero Realty Services located in Redwood City, California,” said Director of Operations, Kellie Meier. “We are also fortunate to have the opportunity to work with the property team that has been part of the operation for the past year and they are thrilled to become Prometheans.”

The Falls At Arden, a garden style community constructed in 1988 consists of spacious studio, one, and two bedroom apartment homes. The common areas are well appointed with a clubhouse, billiard room, business center, theater, swimming pool, two spas, fitness center, and two dry saunas.

About Prometheus

Since its inception in 1965, Prometheus Real Estate Group has specialized in the development and management of high quality residential properties throughout the Western United States. Today, they are the largest private owner of multi-family properties in the San Francisco Bay area with a growing portfolio of more than 18,000 metropolitan area apartments in Seattle, Portland, OR and Los Angeles. Recognition includes:

  • 2011 NAHB Best Property Management Company of the Year
  • 2010 MHN Best Property Management Company of the Year
  • Three Gold Nugget Awards & One Grand Award from the Pacific Coast Builder’s Conference
  • First Place in Customer Service and Experience from For Rent Magazine
  • Californian Landscape Association Trophy Award
  • Portland Advertising Federation Rosey Award
  • Multi-House News Design Excellence Award

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SOURCE Prometheus Real Estate Group