Contact:
Judith Brower/James MacGregor
Brower, Miller & Cole
(949) 509-6551
jbrower@browermillercole.com 

THE REGENT PALM DESERT APARTMENT COMMUNITY HAS COMPLETED A $12 MILLION RENOVATION AND REVITALIZATION

Premier resort-style amenities include a new 18-hole putting green, six professional-quality lighted tennis courts, seven pools, a 12,000 square-foot state-of-the-art clubhouse and a personal concierge service

PALM DESERT, Calif. (September 29, 2008) –After undergoing a complete transformation, the 512-unit Regent Palm Desert is the most amenity-filled upscale apartment community in Palm Desert, according to Steven Paull, partner and chief financial officer of Monarch Group. The renovation includes extensive interior and exterior upgrades to the buildings and landscaping.

Exterior renovations include amenities such as a new 18-hole putting green, six professional-quality lighted tennis courts, seven resort-style pools, six spas and a 12,000 square-foot state-of-the-art clubhouse.

Clubhouse amenities include a gourmet teaching kitchen, a movie theater, a fitness center featuring a cardio theater, and a business center.

“The Regent Palm Desert has been upgraded to attract the residents of Palm Desert to a new level of community and resort-style living,” said Paull. “The property’s prime location near destinations such as Bristol Farms, Eisenhower Medical Center, the El Paseo Shopping District and College of the Desert, as well as being within two miles of more than 135 holes of golf adds to the incredible living experience at The Regent.”

Nearby golf courses include Marriott’s Shadow Ridge Golf Club, Marriott’s Desert Springs Golf Club and Desert Willow Golf Resort.

Each newly remodeled apartment home at The Regent Palm Desert offers fully equipped kitchens with new stainless steel appliances, new granite countertops, new hardware and fixtures, oversized closets, central air and heating, upgraded flooring, vaulted ceilings in the second floor units and large patios and balconies.

“These upgrades to The Regent raise the apartment community to the luxury level, which is part of the Palm Desert reputation,” added Paull.

The Regent Palm Desert is located at 73-373 Country Club Drive in Palm Desert, Calif. near world-class shopping, casinos, golf courses, dining, entertainment and other area attractions.

The Regent, which is pet friendly, offers two floor plans including a one bedroom, one bathroom unit and a two bedroom, two bathroom unit. Monthly rental rates at The Regent start at $825. Corporate apartment homes are also available and come completely furnished, starting at $121 per day with a 30-day minimum stay required.

Additional property information can be found at www.theregentpalmdesert.com or by contacting the leasing office at (877) 286-8281.

The Regent Palm Desert is holding a party that is open to the public on November 1, 2008 between 1:00 p.m. and 5:00 p.m. for residents and visitors to view the newly renovated apartment community.

The Regent Palm Desert was recently purchased by Monarch Group of La Jolla, a company with a rich history of renovating and creating beautiful communities.

Monarch Group is a private real estate development and investment firm. Over their combined 120+ years in the industry, Monarch’s founding partners have developed approximately 6,200 apartment units in Calif., as well as more than 800 single-family homes, 400 condominiums, 680 senior housing units, and multiple office buildings and industrial parks. Collectively, members are responsible for more than $1 billion in California real estate development. Monarch Group is based in La Jolla, Calif. More information is available at www.monarchgroup.com.

PHOTO CAPTION:  The Regent Palm Desert is located in Palm Desert, Calif. near world-class shopping, casinos, golf courses, dining and entertainment.