Why should a developer or homeowners association partner with CRSG? In short, we...
- Eliminate the use of the developer’s financial resources to build the amenity package and infrastructure or the need of the homeowners association to assess its membership.
- Improve values within the community.
- Provide a substantial cost savings by reducing the direct relationship between the developer or the members of the homeowners association board and the residents, thereby eliminating superfluous administrative time.
- Put in place an entity whose primary job and motivation is to provide outstanding service to residents.
- Provide necessary safeguards to assure excellent performance by CRG.
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CRSG Leads Alliance to Focus on Distressed Properties Throughout Florida
Company Seeks Co-Investment/Partnership Opportunities
Download the Distressed Property Alliance Brochure.
Jacksonville, FL – July 22, 2009 – Community Resource Systems Group (CRSG) announced today that it has joined with noted experts in the area of residential development and sales to assist financial institutions and developers who have distressed properties throughout Florida. Distressed Property Alliance of Florida will concentrate on investing in and providing services to partially completed condominium and planned unit developments located in Florida. Some of the services that can be provided by the Alliance on an individual or full-service basis include planning, entitlements, development, project evaluations, construction, condominium and home owner documentation and compliance, marketing/sales/leasing, finance, accounting, repair/maintenance, lifestyle and technology (cable TV, Internet, phone, point of sale, access, database). Read More...
For the past 20 years, CRSG has been engaged in the financing and ownership of recreational facilities and related amenities that are part of large-scale planned unit developments. In addition to managing community facilities, CRSG also manages homeowner and condominium associations. With a staff of more than 350, the company has five principal offices strategically located through Florida. The companies are controlled by Frank Surface, Mike Hyman and Warren Hughes, who have over 90 years of combined experience in the real estate industry. All of the principals are directly involved in the operations of CRSG and have been business partners for over 20 continuous years.
CRSG has invested more than $100 million in amenities and manages an estimated $300 million in residential assets comprising nearly 30,000 existing homes that will develop to over 65,000 homes when complete. CRSG has the financial capability of investing $1 to $3 million of its private capital per project with a total capacity, using bank and other resources, of approximately $100 million.
"We have been providing developer, lender and homeowner assistance throughout Florida for more than two decades," said David Surface, Vice President of Development for CRSG. "We are excited about this new strategic alliance which allows our group to provide additional guidance and support to both existing and new partners during these tough economic times."