Standard Enterprises

Standard Enterprises, Inc. is an active developer in the tax credit affordable housing industry having developed over fifty tax credit developments comprising over 4,000 units in Louisiana, Mississippi, and Ohio. The company also provides construction services for clients as well as for their own account through their subsidiary, Equity Construction of Monroe, Inc. In addition to developing for their own account, the company often partners with non-profits to provide technical expertise for development, construction and property management services. The company currently manages over 50 apartment complexes, consisting of approximately 5,000 residential units. These properties are located in Louisiana, Mississippi and Ohio. Additionally, the company has experience in shopping center management, office building management and mini-warehouse management. The Institute of Real Estate Management awarded Standard Enterprises, Inc. its prestigious Accredited Management Organization (AMO) designation on May 17, 1990. To earn the Institutes AMO designation, firms must first fulfill strict requirements in the area of insurance, experience, integrity and fiscal stability and must employ at least one Certified Property Manager (CPM) who directs and supervises the organization's property management business. An individual earns the CPM designation by demonstrating experience in the field of property management and completing several specialized courses in property management. In addition, an AMO firm must be able to abide by the Code of Ethics established by IREM which regulates such areas as relationships with clients, advertising practices and operational procedures. A thorough review of an applicant firm's creditability is also required, based on financial net worth, asset/liability ratios and accounting practices. Standard Enterprises, Inc., manages over $200,000,000.00 in total assets in its management portfolio of apartment properties throughout Louisiana, Mississippi and Ohio. The corporation boasts extensive experience in the field of property management. Standard Enterprises has been in the property management business since 1967.