First Montgomery Group

First Montgomery Group: First Montgomery Group, AMO© (FMG), bears the distinction of an Accredited Manageemnt Organizaiton, AMO from the Media:Institute of Real Estate Management, IREM. FMG is a family owned and operated diversified real estate organization established in 1986 by Richard Haydinger Jr. with headquarters in Marlton, NJ. It is composed of two generations of family members, with diversified real estate holdings in Pennsylvania, Delaware and New Jersey, Founder, Richard Haydinger Jr., with over 40 years of real estate experience is joined by his sons: Richard Haydinger III heading the construction and rehabilitation division, Apartment Rehabilitation Corporation (ARC); Michael Haydinger heading the business and financial division as well as the property management division, First Montgomery Management nj Inc. (FMM), and Matthew Haydinger heading the investment, development, marketing and new business divisions of FMG.
FMG is a builder, developer, owner and property manager of real estate holdings including eight multi-family apartment communities located in NJ, PA and DE totaling over 4000 units; four shopping centers and retail sites totaling over 320,000 square feet of rental space in NJ and PA and other projects in various stages of planning, development and approval. As an Accredited Management Organization AMO©, the organization adheres to the strict ethical guidelines and principles of the Institute of Real Estate Management, IREM©. At the firm’s management division, FMM, a 15 member team processes accounting transactions, provides human resource functions, oversees and manages 12 sites with more than 150 management, leasing, maintenance, construction and accounting employees. The organization pursues development, re-development, rehabilitation, construction and acquisition of real estate projects in near proximity to its Southern New Jersey headquarters where the principals all live with their respective families adhering to the “management by walking around” philosophy. FMG does not aspire to be the biggest, but simply the best and pursues opportunities which the principals can visit daily. Real Estate is the firm’s one and only business.
First Montgomery Group, AMO© Principals:
Richard Haydinger Jr.: Founder, principal
Richard Haydinger III: Principal
Michael Haydinger: Principal
Matthew Haydinger: Principal
Mission Statement:
First Montgomery Group, AMO® manages real estate holdings in which it has a direct ownership interest. Real Estate is our sole business; therefore it must be done right. True value in real estate can be enhanced by persistent, focused and intense pursuit and management.
As a family-owned and operated organization, our considerations are for the long term, the next generation, our future.
First Montgomery Group, AMO®
Related Wholly-Owned Entities:
First Montgomery Management nj Inc.: handling asset and property management
Apartment Rehabilitation Corporation: construction and rehabilitation division
United Communities LLC: owner, developer, and manager of privatized military housing
First Montgomery Management nj Inc:
First Montgomery Group, AMO®, under affiliate, First Montgomery Management nj Inc. performs asset and property management services for FMG’s wholly owned residential, commercial and retail real estate portfolio. Under the direction of a Certified Property Manager© (CPM©), Harry Bagot, CPM®, FMM adheres to the principles of property management of the Institute of Real Estate Management®, IREM®. FMM is responsible for the management, leasing and maintenance of the multi-family apartment communities, the retail shopping centers and the military family housing privatization project, United Communities LLC. Working out of First Montgomery Group’s Marlton, NJ office, First Montgomery Management’s team comprises 15 members who perform asset/property management, project management, accounts receivable, accounts billable, information technology management, financial auditing, and marketing and human relations functions.
Apartment Rehabilitation Corporation:
Under the leadership of Richard Haydinger III, a successful remodeler, contractor and builder with a proficiency in architectural style and design, Apartment Rehabilitation Corporation, an affiliate of FMG, has built 160 townhouse style apartments adjacent to an existing FMG apartment community; renovated three currently owned and three previously owned apartment communities, built several clubhouses, leasing offices, fitness centers and other community amenities for FMG’s apartment communities and at the McGuire-Dix-Lakehurst family housing privatization project demolished over 1700 homes, renovated 449 homes and is currently building 1635 new homes. With a full array of heavy equipment including dozers, dump-trucks, backhoes, excavators, etc., ARC, performs construction, site development, construction management, remodeling and general contractor services for FMG and other unrelated third parties.
United Communities LLC:
United Communities LLC (UC) is an affiliate of FMG. Under a contract with the Secretary of the Air Force, UC owns and manages the privatized military family housing at the Tri-Service Mega Base McGuire-Dix-Lakehurst under a 50 year ground lease. As developer, UC is responsible for the demolition of 1915 units, construction of 1635 homes and renovation of 449 homes for an end state of 2084 homes. Under the agreement UC will provide housing for active military personnel stationed at the base. The development stage of $380 M project funded in part with $274 M in taxable revenue bonds issued by Goldman Sachs is expected to be completed 2012 at which time leasing and property management operations will take over the for the duration of the 50 year lease term.
Wholly-Owned Real Estate Portfolio
Multi-Family Apartment Communities
Retail Shopping Centers
Apartment Communities:
First Montgomery Group, AMO© is a creator and manager of great communities. FMG owns and manages its own communities a distinction that ensures the community’s best long-term interests are always considered. This is evident through the strict leasing standards and resident policies, the practice of on-site property and community management, property enhancement and replacement/improvement programs. All eight of the multi-family communities are located within an hour’s drive to the Southern New Jersey headquarters. Close proximity to the communities in PA, DE and NJ provides the backyard management style and communication to provide superb management in pursuit of successfully performing communities. Ranging in size from 132 homes to 855 homes, the garden style apartment communities are upstanding and well-regarded members of their communities. Under the direction of a Certified Property Manager, CPM©, the communities exude the progressive professional management style that ensures long term success. Commitment to strict standards, adherence to policy and active community relations provides FMG’s AMO© communities with stability and advantages to perform above industry standards. FMG has owned its current portfolio of communities for an average of 12 years. Long-term ownership and management has provided consistency and familiarity with each property and has nurtured roots and reputations within the neighborhoods and communities they are located.
Apartment Communities owned and Managed by First Montgomery Group, AMO©
Westgate Village Apartments
Frazer, PA (Chester County)
230 Garden Style Apartments
Acquired: 12/94
Village Square Apartments
Mount Holly, NJ (Burlington County)
204 Garden Style Apartments
Acquired: 12/1994 out of Foreclosure
Completed $5.6 m
The Courtyards Apartments
Edgewater Park, NJ (Burlington County)
296 Garden Style Apartments
Acquired: 7/2001 out of Foreclosure
Completed $8m full renovation
The Village Apartments
Voorhees, NJ (Camden County)
856 Garden Style Apartments
Acquired: 7/1991
The Fairways Apartments
Thorndale, PA (Chester County)
396 Garden Style Apartments and Townhouses
Acquired: 12/1996 added 156 new homes 1/99
Melrose Station Apartments
Cheltenham Twp. (Montgomery County
139 Garden Style Apartments
Acquired: 12/1992 of Foreclosure
Completed approx $4m Full renovation
Appleby Apartments
New Castle, DE (New Castle County)
168 Garden Style Apartments and Townhouses
Acquired: 12/1992 out of foreclosure
United Communities
Base McGuire-Dix-Lakehurst, NJ (Burlington Co.)
2364 Single Family, Multi-Family Homes, end state 2084
Acquired: 12/2006
Retail Shopping Centers/Pad Sites:
First Montgomery Group has built and acquired five retail shopping centers and pad sites in NJ and PA with over 320,000 square feet of retail space. Applying the same methodology to the retail real estate investment, ownership and management, FMG has proven effective and successful. Future retail real property investments are actively being pursued with a focus on re-use, re-development and under-utilized areas in Southern New Jersey and Southeastern Pennsylvania.
Brooks Edge Plaza
71 South Main Street Marlboro, NJ (Monmouth County)
An acquired 68,086 sq ft retail shopping center in-line retail and outparcel bank pad site
Red Maple Plaza:
1510 Lakewood Rd. (Rt. 9) Toms River, NJ (Ocean County)
A raw land development project, including: 154,000 in-line retail and 2 outparcel pad sites
In approval and development stages, to begin construction July 2010
Patriot’s Way Wrightstown Center:
Fort Dix Street Wrightstown, NJ (Burlington County)
Adjacent to MegaBase McGuire-Dix-Lakehurst Tri-Service Military Base. Mixed use redevelopment project including: 83,000 sq ft mixed use retail including education institution, medical office and town center retail. Completion Date: March 2011
CVS Pharmacy
Franconia Township, PA (Montgomery County):
An acquired CVS Ground Lease site
Walgreens Pharmacy
Glassboro Township, NJ (Gloucester County)
Re-development of an auto repair shop, Completion date: October 2010
Professional Associations:
First Montgomery Group, AMO©
First Montgomery Management
Architectural Renovation and Construction
United Communities
In pursuit of maintaining relations, accessing legislative updates and industry trends, FMG and affiliated entities are active members and have served on committees and/or held positions with the following industry and professional associations:
Media:National Apartment Association, NAA
New Jersey Apartment Association, NJAA
Apartment Association of Greater Philadelphia, AAGP
Delaware Apartment Association, DAA
South Jersey Builders League, SJBL
Utility and Transportation Contractors Association, UTCA
International Council of Shopping Centers, ICSC
Professional Housing Management Association, PHMA
Institute of Real Estate Management, IREM
Burlington County Military Affairs Committee, BCMAC
New Jersey Society of Certified Public Accountants
Pennsylvania Institute of Certified Public Accountants

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