Satisfied tenants are the key to success at Simon Holdings.

Michael Simon grew up in a real estate family and is the second generation to carry the real estate torch. His father, Stanley Simon is former CEO of Newmark & Co. in New Jersey, a real estate services firm with offices in Woodbridge and Rutherford. Michael Simon's career started in 1986, immediately after he earned an MBA in finance from the University of Michigan. His first position in real estate was as the New Jersey partner of Sterling Equities. He established Simon Holdings in 1993.

Since its founding in 1993, Michael Simon, president of Simon Holdings, Inc., has abided by the formula that hard work, focus and dedication result in satisfied tenants and assure the company maintains high occupancy rates throughout its mixed-use portfolio. From development and renovation to property management, Simon Holdings has an absolute passion for retaining tenants and generating above industry returns on all of its investments.

With its successes, Simon Holdings is now targeting new acquisitions in the New Jersey and Pennsylvania marketplaces. In making this announcement, Michael Simon commented that current market conditions represent a scenario for cautious acquisitions.

"Market fundamentals are at a point where investing in multi-tenant commercial and residential properties has become highly attractive for investors. We believe that opportunities exist to couple today's favorable financing with 'old-fashioned' value-added management. Our firm has recently raised a significant amount of new capital that will enable us to close quickly on future deals that meet our investment criteria," Simon stated.

As a second-generation real estate professional, Michael Simon is one of the few real estate owners and operators to effectively manage a myriad of property types including apartments, office buildings and industrial facilities. Customer service is a priority at the company and is evident in the high degree of tenant satisfaction and renewal rates. No tenant property management requests takes longer than a day to resolve and all service requests are tracked in order to identify recurring situations and provide for faster resolution. Property Managers at Simon Holdings keep extremely detailed records of every feature at a Simon Holdings property in order to plan ahead for replacements and upgrades.

With a slow economy and tenant turnover in the industry at a high rate, tenants are seeking more value in their real estate usage. As such, providing tenants with flexibility in their leases is an amenity that has proven to be very popular within the Simon Holdings portfolio. Simon Holdings offers a liberal transfer policy, which enables tenants to relocate to other properties within the farm's portfolio to better meet their business objectives. This focus on customer satisfaction has brought Simon Holdings' portfolio of office, industrial and multi-family properties to near 100% occupancy.

"Whether it be an office or a residential tenant, there is no bureaucracy in the way we service our tenants. The approach is always a customer first philosophy," stated Michael Simon.

In keeping with its value-creation strategy, the firm often invests in older, largely obsolete and vacant properties, renovating them to include modern conveniences and state-of-the-art amenities.

The result is a drastic improvement in the quality of the facility, reduced overall costs and a high return on investment. The Company focuses on acquisitions in the $2 million to $15 million range and has the in-house resources to acquire, develop and manage all of its own properties.

Simon Holdings' current portfolio includes such residential properties as Keyport Village in Keyport, New Jersey and Atlantic Village in Atlantic Highlands, New Jersey; West End Apartments in Bethlehem, Pennsylvania; and office/industrial parks in Union, Essex and Mercer Counties in New Jersey.