Bingham Farms, Michigan-based FOURMIDABLE, a national real estate management company specializing in managing public housing, senior and family government assisted, market rate, tax credit, rural development and condominium communities, is celebrating its 45th anniversary this year.
Regularly honored as one of the top property management organizations in the United States, FOURMIDABLE is led by chief executive officer Jeri Hays and president Michael Schocker. The company currently manages 69 properties totaling 7,035 units across 11 states, employing more than 250 people.
“We are thrilled to be 45 years strong this year,” said Hays. “Our success is built around an amazing staff that works hard managing and maintaining our extensive portfolio of properties around the country.”
Founded by Ronald Slavik in April of 1975, Michigan-based FOURMIDABLE has developed, constructed and/or managed at least 6,000 single family homes, 20,000 multifamily residences, 3,000 hotel suites and more than 3 million square feet of commercial/offices space. The company expanded in 2007 to include FOURMIDABLE South, LLC.
In 2020, FOURMIDABLE has already added about 600 new units to its portfolio in Iowa, Michigan, Mississippi and Ohio with plans to add an additional 400 new units in Michigan and Tennessee by the end of the year.
“Forty-five years is a cause for celebration in a tough industry like ours,” said Schocker. “We’ve seen many ups and downs and we are still standing. We are still growing and we’re serving our clients and our residents.”
An anniversary celebration is being planned for later this year due to the ongoing public health crisis in the United States, said company leaders.