HUD Approves MRK Acquisition of Ingerman Management Company

The Newark Housing Authority reported that HUD approved MRK’s acquisition of Ingerman Management Company, which will be renamed MRK Property Management, LLC and continue managing Alder Creek in coordination with NHA. The ownership and management transition is structured not to add new debt or alter NHA’s purchase rights under the existing option agreement.

Scope & details

The full contract record, as filed.

Contract type

PROFESSIONAL_SERVICES

Renewal

Management responsibilities continue under existing mixed-finance and option agreements, but the managing member and management company change from Ingerman-affiliated entities to MRK-related entities.

Document type

Minutes

Source document

Newark Housing Authority Board of Commissioners Meeting Minutes March 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Newark Housing Authority?

Ingerman Management Company was awarded this professional services contract by Newark Housing Authority, as recorded on March 11, 2026.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Newark Housing Authority Board of Commissioners Meeting Minutes March 2026 (Minutes), dated March 11, 2026 from Newark Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ingerman Management Company hold?

Ingerman Management Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Newark Housing Authority currently buying?

Explore Newark Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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