FOURMIDABLE Opens Three New Communities in Tennessee and Mississippi

BINGHAM FARMS, Mich., Oct. 10, 2017 /PRNewswire-USNewswire/ -- FOURMIDABLE, a diversified, national real estate management company specializing in the management of tax credit, public housing, senior, market rate and condominium communities, has opened three new communities; one in Tennessee and two in Mississippi, adding to its inventory of affordable housing in each of the states.

Turnrow, located in Somerville, Tenn., is a 56-unit community featuring luxury two- and three-bedroom floor plans that include modern kitchens and in-unit washers and dryers.  Turnrow also features a community fitness center, clubhouse, community business center and swimming pool, as well as free Wi-Fi for all units.

Turnrow was financed in part through federal tax credits awarded by the Tennessee Housing Development Authority as part of the Low-Income Housing Tax Credit program. The general contractor was Bacar Construction out of Nashville, Tenn.

Tall Oaks is an 80-unit community located in Verona, Miss., and Fountain Square, a 48-unit community, is located in Columbus, Miss. Both communities feature spacious three bedroom, two-and-a-half bath floor plans that include modern kitchens, in-unit washers and dryers and two-car garage. As with the Tennessee community, they also showcase a clubhouse with a business center and free Wi-Fi for all units. Both of these communities offer preferences and specials to the well-deserved veteran community.

Tall Oaks and Fountain Square was financed in part through federal tax credits awarded by the Mississippi Home Corporation as part of the Low-Income Housing Tax Credit program. The general contractor was Winters Construction out of Oxford, Miss.

"FOURMIDABLE has been working with the ownership group of these communities for over 10 years," said Michael Shocker, president of FOURMIDABE. "They make our job as managing agents easier by building upscale communities with luxury amenities. We are so proud to continue providing great affordable apartments to well-deserved people in the states of Tennessee and Mississippi."

FOURMIDABLE currently manages a total of 13 communities throughout Tennessee and eight in Mississippi, plus two additional communities in Mississippi under construction in New Albany and Corinth, with an anticipated opening in mid-2018.

About FOURMIDABLE

FOURMIDABLE is a diversified, national real estate management and brokerage company who specializes in management of tax credit, marketing and leasing market rate, senior and family government assisted, public housing and rural development apartment communities.

Founded in 1975, FOURMIDABLE currently manages 88 communities in 13 states, with more than 9,600 units under management. FOURMIDABLE is a member of the elite AMO (Accredited Management Organization) and is an approved management firm for HUD, MSHDA and other State Agencies. Additionally, FOURMIDABLE affiliated companies offer support for property management companies and owners, including agility-pm, a provider of back office accounting, HR, IT and compliance support; eCrosstown, a provider of free Wi-Fi amenity services to apartment residents; and ePhonz, a specialized telephone product for apartment management companies.

For more information, please call (248) 593-4634 or visit www.fourmidable.com.

CONTACT:  Michael Schocker, President
248-593-4634

Sue Voyles,
Logos Communications
734-667-2005

SOURCE FOURMIDABLE