Institutional investors are adopting apartment revenue management technologies at increasing rates.
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Steve Boyack, senior vice president of Denver-based The Laramar Group, happened to be driving near Philadelphia with company CEO Dave Woodward a year ago when they decided to check out a property they sold in 2005.
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Greystar Rises to Number One
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McLean, Va.-Kettler has been a major player in the Washington, D.C., multifamily market for a while. Now, it’s hoping that an alliance with Santa Ana, Calif.-based Grubb & Ellis Co., a real estate services and investment firm, makes it a brand name in new markets.
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The assistant manager position is changing. A few companies are working on ways to move many of the back office assistant manager functions to the corporate office.
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Multifamily property management firms are anticipating the emergence of selective market opportunities over the next two to three years as the economy improves. They will be looking to asset managers of both traditional and distressed apartment portfolios, who are beginning to make strategic...
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Taking on clients for your property management business isn’t as easy as it used to be. With many owners crushed under the weight of burdensome loans, they don’t have the money for property improvements or even vital services. That can leave their managers in a bind.
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With increasing frequency, third-party managers are finding themselves between a rock and a hard place lately. The rock is their client. And the hard place? That's the client’s lender, which is often the manager’s client in other deals.
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Kellie Falk-Tillett, managing partner for Drucker & Falk, a third party manager based in Norfolk, Va., knows the signs when one of her apartment owner clients is trouble. They start asking her to cut fees, end bonuses, or slash overhead. But desperate times call for desperate measures. And some of...
Industry vets launched the Alpharetta, Ga.-based third-party management firm Pegasus Residential.