HOUSTON—Miami-based Monument Real Estate Services (MRES) has been retained to manage the 1,039-unit Vista Verde apartment community in South Houston.

MRES was awarded the management assignment, now the largest in its portfolio based on units, following the recent sale of the property to Acquisition Broadway Square LLC. MRES will implement more than $2 million in exterior improvements to the community.

"Houston's multifamily market offers great opportunities for us to grow our portfolio, as we focus on work force housing in markets with a strong job base,” Stuart Zook, president of MRES, told GlobeSt.com. “We were very pleased to be awarded this contract to manage Vista Verde, which is part of one of the largest apartment communities in Houston. Monument already manages several properties throughout Texas and in Houston specifically, so we will be able to utilize our local knowledge and vendor relationships, as well as those we have developed on a national level, to maintain and improve the Vista Verde community."

Located at 8601 Broadway St. near Hobby Airport, the garden-style apartments are situated in two- and three-story buildings, and include amenities such as laundry facilities and four swimming pools. 

Vista Verde will join a MRES portfolio of more than 12,000 units, mainly in markets in the Southwest, Southeast and Mid-Atlantic regions of the country. MRES is within the Monument Capital & Asset Management family of companies.