| Founded in 1952 by Aaron Aronov, Aronov Realty is one of the oldest real estate
development and management firms in the United States and is the largest privately held,
full-service real estate company in the Southeast.
In response to the unprecedented demand for
housing after World War II, Aronov Realty initially focused on
apartment development and subdivision development of single-family
homes. The company soon added residential and commercial brokerage
services. In recognition that new suburban residential growth
patterns would shift the location of shopping and office facilities,
planning began for a 700-acre mixed-use development in Montgomery,
Alabama, which included the second largest planned shopping center
in the Southeast, single and multi-family housing, offices,
recreational facilities, and places of worship. The types of real
estate developed and operated as part of this visionary project have
since been the backbone of the company's development and management
activities.
At its completion in 1954, Aronov's first shopping center,
Normandale Mall, was recognized as an outstanding example of tenant
mix and financial viability. This initial retail project has been
followed by many additional development and management successes. In
addition to shopping centers the Aronov portfolio contains a variety
of multi-family properties, including garden apartments, high-rise
condominiums and vacation homes. It has developed and managed more
than 12,000 multi-family units. And as part of its community
development efforts, the company has successfully marketed 31,000
single-family home sites. Other developments and investments include
motels, office buildings, and warehouse facilities. Now led by Jake
and Owen Aronov, the company acquires, develops, and manages a wide
variety of shopping centers - from enclosed malls with exciting
collections of major stores and national, regional and local shops
to community and specialty centers. The company prides itself in its
responsive service to America's most successful
retailers. Throughout its history, the company and its employees have contributed meaningfully to their industry through trade associations and to their communities through extensive involvement in cultural and civic affairs. Aaron Aronov was a founding member of the International Council of Shopping Centers (ICSC) and a member of its first Board of Trustees. He also served as ICSC President. Owen Aronov is a past ICSC trustee and Southeast Regional Vice President.
Aronov's growth - both in the development
and management of properties - has been aggressive, yet careful,
combining the wisdom gained from its history with innovative ideas
to meet current and future challenges. Each opportunity is weighed
to ensure that it parallels the company's skills and capabilities,
whether developing or managing wholly-owned properties or for
others. The company's experience has not only fine-tuned its
development and management expertise but has also resulted in
relationships, resources, and systems which generate exciting
opportunities for asset enhancement and future growth for the
company and its clients.
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