Seattle Property Management Firm Integrated Into Security Properties

Error message

  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 0 in similarterms_list() (line 221 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 1 in similarterms_list() (line 222 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
The Editors's picture
Seattle property management firm integrated into Security Properties

 Madrona Ridge Residential, a property management firm and affiliate of Seattle-based Security Properties, is being fully integrated into Security Properties and rebranded as Security Properties Residential, according to a release.

 As part of this integration, Security Properties is also announcing that Mike Voorhees, formerly of Holland Residential and Holland Partner Group, has recently joined Security Properties Residential as President.

"We are very fortunate to have found Mike Voorhees, who is clearly a cultural match for us, especially with his deep skills and experience.  We look forward to Mike's leadership in growing our property management platform," David Dufenhorst, CEO of Security Properties, said in the release.

Property management firm will continue work for Security Properties

As Security Properties Residential, the firm's existing 426 employees will continue to provide residential management services for Security Properties residents, its high-net worth investors, and its institutional real estate partners and lenders. 

Madrona Ridge was created in 2010, after a 15 year non-compete related to the sale by Security Properties of its prior management company expired.  Its purpose is to increase the value of its real estate holdings by more closely managing its assets.

Mike Voorhees takes over property management first Madrona Ridge

Mike Voohees

"I look forward to building on the talent, experience and systems that have allowed Security Properties Residential to reach the point where it is today and to help expand the platform to serve the needs of our residents, partners and investors," Voorhees said in the release.

Operating throughout the Western U.S., Security Properties Residential services include property, construction and compliance management services “that create positive living environments for residents and build value for investment clients,” according to the release.

Under this new organization, Security Properties Residential will have a unified brand and organization, and will be further integrated with the Security Properties platform to enhance coordination and risk management.

About Security Properties
Security Properties is a national real estate investment, development, and operating company headquartered in Seattle, Washington. For nearly 50 years, Security Properties has provided quality housing to its residents as well as excellent financial performance for its investors. Since its founding, Security Properties has acquired or developed over 81,600 residential units at a cost of over $5 billion. Security Properties maintains a focused multi-family strategy supported by integrated teams of professional acquisition, development, construction, investment, and property management specialists.  For more information, visit www.securityproperties.com

Stay on top of property management news with our weekly email newsletter. Sign up here.

Rate this article: 
No votes yet