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PROPERTY MANAGEMENT COMPANY CHANGES NAME TO "HEARTHSTONE MANAGEMENT GROUP, LTD."; "NEXUS" WAS TOO CORPORATE, SAYS CEO

 NEW YORK, May 13 /PRNewswire/ -- The name "Hearthstone Management Group, Ltd." will replace the name "Nexus Management Corporation" effective immediately, said the New York-based property management company today.
 Bruce Reshen, president and chief executive officer of Hearthstone, said, "We decided to change our name because we felt that the `Nexus' name was too cold and corporate."
 "We want our residents to feel comfortable with our name and realize that we are a new company that is making positive changes in their rental communities," he said.
 On Feb. 12, 1993, Hearthstone took over the exclusive management of 38 rental apartment communities formerly managed by MLG Properties, Inc. The properties are located throughout the eastern seaboard.
 Hearthstone's short-term objectives are to address the immediate concerns of its residents, including making repairs, upgrading maintenance, safeguarding security deposits and installing new and professional management to its properties.
 -0- 5/13/93
 /CONTACT: Michael Kemper or Steven Skapper of MWW/Strategic Communications, 201-342-9500, for Hearthstone Management Group/


CO: Hearthstone Management Group, Ltd. ST: New York IN: SU:

TM-WB -- NY002 -- 7988 05/13/93 10:01 EDT
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Publication:PR Newswire
Date:May 13, 1993
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