Last year, the General Accounting Office ranked the U.S. Department of Housing and Urban Development (HUD) as the second most effective and improved agency in the government. But despite this accomplishment, HUD Secretary Mel Martinez walked into an office that was riddled with inefficiencies and...
Every player on the team is important, and it's the manager's job to ensure they perform to the best of their abilities. At Pinnacle Realty Management Co., Stan Harrelson, 48, makes sure his team is equipped with the resources and training necessary to get the job done right.
Home Properties prides itself on its "family feel." This public real estate investment trust (REIT), formed by Nelson and Norman Leenhouts in 1967, is run more like a traditional family business than a corporation. The company specializes in acquiring and repositioning older properties, typically...
In 1993, The Habitat Co. abolished apartment rent concessions. During a time when Chicago communities were offering prospective residents up to four months of free rent, Habitat, a Chicago-based owner, manager and developer of multifamily housing, ran full-page ads in local newspapers announcing...
Most executives of family-run real estate companies like to keep things small, but not Charles Kushner, chairman of Kushner Cos., which owns and manages more than 20,000 apartment units and more than 6 million square feet of commercial space. He wants to be one of the largest owners of residential...
For 42-year-old John Korman, president of Korman Residential Properties Inc., continuing the tradition of growth in the family business is paramount. As a fourth generation leader, he has taken on the role of maintaining the reputation that his great-grandfather began in 1919.
Whether it's Minneapolis or New York, today's cities need help bringing affordable housing to the working poor. Minneapolis Mayor Sharon Sayles Belton understands the importance and urgency of bringing affordable housing to the nation's cities, and she knows it has to be a team approach.
Affordable housing developers constantly face community groups that maintain the "not in my back yard" (NIMBY) philosophy – they oppose the development of affordable housing in their neighborhoods.
The worms in the company kitchen might seem like an infestation problem – but at Cities Management Inc. (CMI), it's perfectly normal. This management firm, which specializes in condo and homeowner associations, prides itself on being different from other multifamily management companies. Its most...