It all started back in the summer of 1960. Initially,
it was simply an Idea: to create a few exciting new apartments for affluent
young singles on Mt. Adams, an old world hilltop Cincinnati neighborhood of
rowhouses and steep, crooked streets. A first
building was acquired and converted into two apartments overlooking Cincinnati,
which rented upon completion. As more buildings were acquired there, the Idea
needed to become a Company. In June of 1961, founding partners Neil Bortz and
Marvin Rosenberg created Towne Properties dedicated to leading the rebirth of
Mt. Adams and to creating a portfolio of high quality, income-producing
properties to be held for the long term.
Embraced by steep hillsides and the nearby 400-acre
Eden Park, and blessed with views of the Ohio Valley, the hills of Kentucky and
downtown Cincinnati, Mt. Adams was a great location upon which to found a
business.
