We began as a property management company over 40 years ago, and while our resources have expanded significantly, property management remains our passion and largest division, with more than 40,000 units under management.
Whether senior housing in New York City, commercial space in Pennsylvania, garden apartments in Florida, or low-income housing tax credit properties in Tennessee, our guiding principles remain the same: Nurture Relationships, Deliver Results. We believe in collaborating and communicating with our clients to forge long-standing, successful partnerships. We approach each new and existing relationship with the attention of the boutique firm we once were and the breadth of resources we leverage today. We take time to learn and understand every aspect of our clients’ investments and goals, and we craft clear and feasible plans to deliver measurable results.
- Clear and accurate financial reporting
- Executive summaries of all property activities
- Systematic and consistent collections
- Lender, investor and regulatory agency reporting
- Cash flow management
- Annual audit coordination and support
- Precise operating and capital budgets
- Timely and accurate monthly financial statements
We offer expertise in development, capitalization, construction, management and brokerage of multifamily properties. Our team will identify both challenges and opportunities in a portfolio and offer proactive recommendations to enhance investment yield. Together with our clients, we set appropriate goals for performance, considering the lifecycle requirements of the assets within the portfolio. We then closely monitor operations with a creative, disciplined and pragmatic approach. Many buildings in our portfolio are aging or distressed assets that we have converted to financially solvent properties providing quality housing for residents.
Leveraging our decades of experience and depth of knowledge, we add value at each stage of a property’s life cycle while maintaining a commitment to core values and a superior level of personal service.
- Advisory services
- Due diligence
- Market studies
- Regulatory compliance
- Property supervision and reporting
- Operating and capital budgeting
- Capital needs assessments
- Refinancing and syndications
- Construction support
- Real estate tax reviews
- Risk management services
- Utilities audits
- Sales and disposition
- Investor services
& MANAGEMENT SERVICES
By involving our property management team during construction and renovation, our clients gain from our experience in materials selection and building design. We strategize with our clients to consider systems that lend themselves to more efficient management and maintenance for the life of the asset.
Leasing and marketing must begin long before construction completion. Our leasing specialists thoroughly learn a property, understand its market, and comply with its regulatory environment to ensure we meet lease-up benchmarks.
- “Rent-up” expertise for new or rehabbed properties
- Detailed management and/or leasing plans
- Monitored leasing and tenant screening
- Creative tenant retention programs
- Efficient lease administration
Our development advisory team has over 80 years of combined experience assisting owners. Our team are experts in economic feasibility analysis, due diligence, site selection, market evaluation, grants and aid, design and development services, and regulatory interfacing. We facilitate conventional and creative debt and equity placements, mezzanine financing, soft debt and grants, and low-income housing tax credit placements. We have coordinated more than $1 billion of new construction/rehabilitation projects as team leaders or as advisors.
Successful affordable housing is not only buildings and assets; it’s about people and dignity. We take pride in providing quality homes for those with limited resources. Few areas of residential real estate are more complex than regulatory compliance of affordable housing properties. We make our clients’ regulatory compliance a top priority. Our expertise spans the entire affordable housing regulatory spectrum including:
HUD Sections 8, HUD Section 202, HUD Section 811, HUD Section 236, Shelter Plus Care and Supportive Housing Program, RD/USDA Section 515 properties, HOME program, RAD initiatives, and Section 42 Low Income Housing Tax Credits (LIHTC) developments.
Whether ground-up construction, extensive rehabilitation or minor maintenance repairs, our staff competently assists in identifying and resolving physical conditions. We advise on improvement specifications and consult on critical and non-critical needs assessments.
- Comprehensive site inspections
- Documented preventative maintenance
- Timely work-order maintenance
- Daily attention to curb appeal
- Approved vendor services
- Capital needs advisory services