Jupiter Communities Expands Property Management Portfolio in Indiana


CHICAGO, IL--(Marketwire - Nov 29, 2012) -  Jupiter Communities ("Jupiter"), a national multifamily property management firm, announced today that it added Runaway Bay Apartments, located in Indianapolis, IN, to its property management portfolio. With the addition of Runaway Bay, Jupiter currently manages five properties totaling 713 units in Indiana.

Runaway Bay Apartments sits on a 10-acre lake and offers 192 spacious units. The property includes amenities such as a 24 hour fitness center, resort-style pool and heated spa and a clubhouse.

"Jupiter Communities is proud that we are able to continue our planned expansion," said Kellie DeVilbiss, President of Jupiter Communities. "Our current growth is a direct result of our quality performance on our existing properties, which has increased our network of satisfied renters and property owners."

Jupiter Communities

Jupiter Communities, LLC, a subsidiary of RAIT Financial Trust, is a full-service multifamily property management company with approximately 12,600 apartment units under management nationwide. The leadership at Jupiter Communities has more than 50 years of industry experience managing and maximizing the value of apartment communities across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management. For more information, please visit www.jupitercommunities.com or contact Kellie DeVilbiss at 312-924-1601.


Kellie DeVilbiss
Jupiter Communities, LLC
T: (312) 924-1601
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