Hurricane Harvey made landfall in Houston over three months ago, but the storm’s impact persists across much of the area. Recent reports estimate the cost of recovery to be over $80 billion and in the sprawling city of over six million; debris, empty homes, and construction are still a daily reminder of the storm’s severity. Several weeks ago, we published a piece on Harbor Group’s efforts on the ground in the aftermath of the September hurricane. BSW is again proud to support Monarch Investment Management Group, a trusted real estate partner to BSW for over eight years, as they deliver a targeted relief initiative in Houston.
Monarch owns and manages apartment properties throughout the South and Midwest, including several in Texas. In October, MIMG introduced its Houston Relief Initiative, an effort specifically designed to help with local restoration and construction. Monarch’s first priority has been to help overcome Houston’s severe labor shortage. Last month the group sent a dozen members of its maintenance staff to Houston to assist with rebuilding efforts.
The Houston Relief Initiative’s other priorities include assisting a local senior care center and providing for individual families in need. For some families that lost everything in the storm, Monarch has helped tear down waterlogged walls, clean up debris, and hang new drywall.
When BSW heard of Monarch’s targeted and outside the box relief initiative, we were impressed and eager to contribute financial resources to the cause. Monarch identified the persistent need on the ground in Houston, mobilized its resources quickly, and set a plan in motion to make a difference.
It is important to note that this effort is being funded by Monarch and some willing investors with no financial burden to any individual investment in the Monarch portfolio. If you are interested to learn more on how you can support this initiative, please feel free to reach out to BSW for more information.
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