Lyon Communities Selected to Manage Four Southern California Properties

Newport Beach, CA, October 26, 2013 --( Lyon Communities, recognized as one of the most successful privately-held multi-family real estate companies in California, has been selected to manage four Southern California apartment communities.

“For more than 25 years Lyon Communities has efficiently managed and optimized every community to its’ fullest potential,” said Trent Brooks, Chief Operating Officer for Lyon Communities. “We are very pleased that Elerding Properties has selected us to manage these quality assets. We have managed Forest Glen, in Lake Forest for them for more than 10 years and are excited with the opportunity to enhance this great relationship.”

Lyon Communities provides multi-family and asset management services for apartment communities across the country. They also offer comprehensive repositioning services for joint ventures and third party clients.

Lyon Communities is a leading real estate development and investment company headquartered in Newport Beach, California. Established in 1988 by General William Lyon and Frank T. Suryan Jr., it is recognized as one of the most successful privately held multi-family real estate companies in the Western United States. The company has a market capitalization of $2.0 billion and over the years has acquired and managed more than 21,000 apartment homes and managed the development and renovation of 30,000 apartment homes in California, Colorado, Florida and Georgia. Lyon Communities takes pride in our ability to provide long-term, income-producing investments for our investors. Our communities offer residents a variety of housing and amenity choices with unparalleled customer service in some of the finest and most innovative rental living experiences in the country. For more information:
Cornerstone Communications
John Christensen