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The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2020, the company owned interests in 149 apartment communities containing 48,283 apartment units. [1] It is the 19th largest owner of apartments in the United States and the 30th largest apartment property manager in the United States. [2]
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
For instance, if a city has a minimum lot size of 5,000 square feet, only eight full homes can be built on a single acre of land (1 acre = 43,560 square feet).
A Certified Resident Manager is a property management professional designation earned through the Minnesota Multi-Housing Association [1] or the Resident Managers' Training Institute in Vancouver, British Columbia. Certified resident managers are deemed by the association to have obtained a certain level of professional competence in the ...
Colorado homes to be bulldozed after developers built on top of retention pond — families forced to sell everything and move Chris Clark September 30, 2024 at 4:48 AM
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