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Noel Management Company, Inc. ("Noel") headquartered in Dallas, Texas, and Lenny Licht have specialized in the acquisition, management, upgrading and disposition of multi-family properties' for over 30 years. After coming out of the Henry S. Miller Company in Dallas and subsequently being involved in the building and leasing of several thousand multi-family apartment units including originating and participating in the first high rise conversion on Turtle Creek in Dallas, Lenny Licht formed Noel Management Company and developed relationships with several high net worth families and institutional partners to acquire, manage and dispose of multi-family assets. Noel has consistently provided above average returns to its investors by focusing on the operational performance of their properties through their unique management platform. Noel's “hands-on” approach has historically yielded savings on controllable operating expenses of $500+ or more per unit compared to national management companies while continuing the same high level of resident services. Noel's focus primarily on maximizing revenues and N.O.I. while prudently managing expenses has resulted in its properties outperforming the competition. Since its inception, Noel and its affiliates have owned an interest in, managed, brokered or financed over 10,000 multi-family units totaling over $745 million in value. Noel also offers these same services and levels of performance by way of third party management, creating the opportunity for lenders, special servicers, partnerships, HOA's and investors to utilize decades of proven innovative property management services and experience to capitalize on these changing times.

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