Konover Residential Corporation will replace New England Realty as the managing company for 13 off-campus properties by mid-November.
New England Realty has been managing the 13 complexes since ING insurance purchased the properties in 2006. Mark Melhuish, who manages investments for the ING U.S. Community Living Fund, said there was no specific reason as to why ING decided to turn over management, but that Konover’s managing approach is “customer-oriented and very well-organized,” he said.