SRI Management to Operate Five Communities in Florida

TALLAHASSEE, Fla. — SRI Management LLC, a Tallahassee-based operator, has been selected to manage five Superior Residences-branded communities in Florida.

The communities are located in Lecanto, Cala Hills, Clermont, Brandon and Niceville. As part of the transaction, SRI will make exterior and interior capital improvements and implement new technologies at the properties.

A Texas-based nonprofit organization acquired the assets in late June. The communities will now offer affordable rate-lock options to existing and new residents.