About Us

Monroe Group is a privately held corporation headquartered in Denver, CO. Stuart Heller founded the company over 30 years ago, with a single management contract for an 81-unit property. Today, Monroe Group has grown to become one of the country’s fastest-growing affordable housing property management companies with portfolio of more than 50 multi-unit properties  with 4,800 units in 15 states across the country serving families, seniors and persons with disabilities. In 2006, Monroe Group’s leadership founded Steele Properties, LLC to conduct all real estate development and property acquisitions.


Monroe Group believes that everyone deserves a safe, clean and comfortable place to live no matter your age, income or ability. We provide the highest standard of professional property management and strive to improve the communities where we live and work.


Monroe believes in treating our residents with respect and dignity by providing them with professional and responsive management. We also believe that by supporting and strengthening the communities in which our residents live, we are also improving their quality of life. We support our residents with the resources they need to be good neighbors and engaged members of their community.

Our Partners

Monroe’s success would not be possible without strong relationships with state, national and federal housing agencies, community leaders, local vendors, non-profit organizations and lenders. These partnerships help fulfill the Monroe Group’s mission and belief that all people, regardless of their income, age or abilities, deserve a safe, clean place to live.


Monroe Group is headquartered in Denver CO with over 200 employees who reside in 15 states. We believe our employees are our most valuable asset. Their success is our success. Monroe invests in their employees by providing them with competitive salaries, excellent benefits, career development and training.


Stuart Heller, who is the founding partner, established the Monroe Group in 1982. Hud Karshmer and Chad Asarch joined Monroe as principals/partners in 2004 and 2006 respectively. David Asarch was appointed Partner and Chief Investment Officer in 2016. The Principals/Partners lead the Executive Leadership team which also includes Steve Cordes, Chief Operating Officer and Emily Hemaidan, Chief Accounting Officer. Together, they guide the company as it expands its portfolio.

Making a difference every day – One Home at a Time

Monroe Group