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The initial 571 units are now divided into two separate properties: Mayfair Mansions III composed of 160 units and another composed of the remaining 411 units. Mayfair Mansions III underwent a major renovation in 2011 and the other property was rehabilitated for $48 million in 2009. [3]
The Washington Times has called him "one of the region's most successful businessmen." [1] In 1988, Kettler established Kettler Management, the property management division of his company. The wholly owned subsidiary manages more than 19,000 apartment units in 85 communities and over 1.7 million square feet of office and retail space.
An investigation by The Washington Post in 2023 found that DCHA overpaid rents to landlords by millions of dollars. DCHA pays for the rent of 15,000 low-income households each year. Regulations require the Housing Authority to make sure that rents it pays for are market rate, but the investigation found that it failed to do so. [8]
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
Greystar acquired the property management arm of Alliance Residential Co. in June 2020, [13] and in October 2020, Greystar acquired 45% of Thackeray Partners. [14] That December, Greystar partnered with Walker & Dunlop and Project Destined to create a paid internship program for students from diverse backgrounds in Durham, North Carolina . [ 15 ]
For five consecutive years, from 2015 to 2019, Bozzuto has been named Top Property Management Company for Online Reputation by Multifamily Executive Magazine [5] and J Turner Research. In 2016, the National Association of Home Builders (NAHB) named Bozzuto "Multifamily Development Firm of the Year" at their Pillars of Industry Awards. [ 6 ]
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