Value Companies expands multifamily presence in Morris County, New Jersey
- MAREJ
- 2 minutes ago
- 2 min read
Morris County, NJ — Value Companies, Inc. announced that its third-party management business, Value Asset Management (VAM), has been selected as the property management firm for Donnelly Construction’s newest multifamily project, Station Village at Denville.
Leasing, which is directed by Value Companies’ leasing and marketing manager Cheryl Byrne, has begun at the community. When complete, Station Village at Denville will be a 65,715 s/f apartment building located at 495 East Main St. in Denville. Located within walking distance of the Mount Tabor NJ Transit Station, the three-story building will offer one-, two-, and three,-bedroom units.
“At Donnelly Construction, we build with an uncompromising commitment to craftsmanship, and long-term value,” said Rod Donnelly, CEO of Donnelly Construction. “As we jump into the multifamily market with Station Village at Denville, we’re excited to bring Value Asset Management on board. Their deep experience in managing multifamily communities and their sharp focus on resident satisfaction make them the ideal partner for Station Village at Denville.”
As Donnelly Construction’s property management firm, VAM will handle both the day-to-day operations and long-term planning for this community. Services will include marketing, leasing, financial management, resident relations, maintenance operations, community building, and value creation.
“We are thrilled to be selected by Donnelly Construction to manage Station Village at Denville,” said Matthew Mirman, executive vice president of Value Companies. “Donnelly Construction is known for building communities with exceptional attention to detail and a deep commitment to its clients, values that align perfectly with our approach to property management. We look forward to bringing that shared vision to life and delivering a best-in-class living experience for future residents.”
Anticipated occupancy for The Station at Denville is winter 2025.
In addition, Value Companies has completed lease up for Phase Two of The Point at Gateways in Randolph, led by leasing and marketing manager Cheryl Byrne.
Phase Two of the Point at Gateways includes 24 two-bedroom/two-bathroom homes.
“The quick lease up of Phase Two of our Point at Gateways project affirms our belief that the demand for high-end living in Morris County continues to grow,” said Jack Linefsky, CAM, CAPS, vice president of Property Management at Value Companies, Inc. He continued, “Our investment in The Point at Gateways will only continue from here as we usher in the next phase of construction with the groundbreaking of Phase Three.”
Phase Three of The Point at Gateways will include 36 more two-bedroom/two-bathroom homes. When all phases of construction are complete, The Gateways at Randolph will be one of the largest multifamily properties in the state, with over 1,000 units in the community.