SCOTTSDALE, AZ – The national finalists for the official Best Places to Work Multifamily® will be honored during the upcoming Multifamily Innovation® Summit on December 7-8, 2022 in Phoenix, Arizona.
At the Summit, each company will learn how they ranked nationally amongst the other participants and will be recognized on stage for their incredible achievement.
An exciting new development with the awards this year is the addition of categories.
68 of the finalists are Multifamily Management/Owners. 24 of those finalists were ranked in the 1- 4,999 units category. 37 were ranked in the 5,000 – 19,999 units category and 7 were ranked in the 20,000+ units category.
As a separate category, 15 Multifamily Suppliers/Vendor finalists will learn how they rank nationally.
And finally, 58 of the finalists will find out how they rank on the Best Places to Work Multifamily® for Women list.
In its 8th year, the Best Places to Work Multifamily® program continues to fulfill its mission to advance leadership and innovation for multifamily professionals by recognizing those organizations who own, manage, and support apartment communities nationwide and who are making an impact in the world through employee engagement.
This is our opportunity to showcase the hard work, loyalty, and dedication of everyone who helps make the multifamily industry what it is today. We love recognizing the people within these incredible companies every year and showcasing what they re doing in order to receive this honored distinction within the multifamily industry. These are the best of the best building healthy organizations from the ground up, stated Carrie Antrim, CO-Founder of Multifamily Women®.
Patrick Antrim, CEO of Multifamily Leadership explained, Next generation leaders want to know their company is making a positive impact in the world. Companies have been measuring resident satisfaction for years and the leading indicator for organizational success is the link between employee engagement and the resident experience. Employees are presented with hundreds of opportunities each day to be their best, but it’s the behavior that drives a successful organization, not satisfaction or size. The Best Places to Work Multifamily® companies have stepped up to play that role and will have a much bigger voice in the future.
The national research and benchmarking program demonstrates the industry s focus on people, while illustrating its overall potential— as it annually contributes more than 3.4 trillion-dollars to the U.S. economy and supports more than 17.5 million jobs.
Leaders who are looking to drive their teams forward are encouraged to register and attend the upcoming Multifamily Innovation® Summit on December 7-8, 2022 in Phoenix, Arizona, regardless if they re participating in the Best Places to Work Multifamily® Program.
Sponsorship opportunities are available and can be secured here as well for those who want to get their brands in front of these top CEOs and decision-makers not only at the Summit but across all of Multifamily Leadership s social media platforms, broadcast emails, and website.
So, without further ado, the 2023 Best Places to Work Multifamily® finalists arranged alphabetically are:
Alco Management Apartment Dynamics APARTMENT SEO ApartmentGeofencing.com Ashford Communities Avanti Residential Baron Properties Berger Rental Communities BSR REIT Carter-Haston Real Estate Services CHARLESGATE Chestnut Hill Realty City Heights Asset Management Confluence Communities Continental Properties Croatan Investments DASMEN Residential Decron Properties Domuso Eenhoorn FCI Residential Fogelman Properties Frankforter Group Gables Residential Ginsburg Development Companies GoldOller Real Estate Investments GrayCo Properties Hankin Apartments IMT Residential Indus Communities ITEX JVM Realty Keener Management Knock CRM Lantower Residential Laramar Group Lawson Leonardo247 LoanBoss LURIN Property Management Marquis Asset Management Mission Rock Residential Morgan Properties MRI Software Northland Investment Corporation NorthPoint Management O’Brien Realty Group Passco Companies Peak Properties Peg Property Management Group Perennial Properties Picerne Real Estate Group PLK Communities Poole & Poole Architecture Portico Property Management Presidium RealSource Properties Redwood Property Investors RentDebt Automated Collections Rently REPLI Respage ResProp Management Scully Company Security Properties Residential Stoa Group StoneRiver Company SYNC Residential The Bascom Group The Franklin Johnston Group The Garrett Companies The KSC Group The Life Properties The Prime Company The RADCO Companies The REMM Group The Westover Companies Valiant Residential WeDoTrash Weller Management WRH Realty Services Zego Zocalo Community Development
Registration to attend the Multifamily Innovation® Summit on December 7-8, 2022 in Phoenix, Arizona is available here.

WESLEY CHAPEL, FL – Aventon Companies, a prominent, vertically integrated, multifamily developer with active projects throughout the Mid-Atlantic and Southeast, is continuing its expansion in the Tampa Bay region with the unveiling of Aventon Meadow Pointe. The community will be a 360-unit, four-story, Class A development, located at 4727 Meadow Pointe Boulevard.
Poised to become the premier luxury apartment asset within the region, Aventon Meadow Pointe will be located adjacent to State Route 54 approximately three miles from I-75, offering convenient access to downtown Tampa, Westshore, Clearwater and St. Petersburg. Spanning 17 acres, the development will boast one, two and three-bedroom units with Aventon Companies’ trademark state-of-the-art finishes. On-site amenities include a lakeside pool, game room housing billiards and shuffleboard, remote working lounge with five private offices and conference/podcast room, and both a pet spa and dog park. A fitness center with a flex studio will provide convenient on-site access for wellness. A pier will also be located on one of the two lakes in the center of the Property.
“The Tampa Metro area enjoys one of the fastest growing populations in the entire country yet is also one of the most underserved communities in terms of housing. Strong apartment demand and limited supply additions in the Wesley Chapel submarket have compressed multifamily vacancy rates to a tight 4.7%” said Sean Flanagan, Senior Development Director.
Aventon Meadow Pointe’s buildings were designed by Scott + Cormia, with interior design by Beasley & Henley. The community is expected to begin leasing in 2024. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

DALLAS, TX – Amid one of the most challenging market environments in years, multifamily investment firm Red Summit Partners has closed on Station 3700, a 321-unit apartment complex located in Euless, Texas.
The property was built in 2000 and is located within walking distance of the new American Airlines world headquarters campus. Red Summit plans to renovate the remaining “classic units” and add new amenity features to add value to the asset.
Ted Broadfoot, Managing Principal of Red Summit, expresses his enthusiasm about the deal. “We’re assuming an existing fixed agency loan with seven years left at 3.02%, so this deal cash flows day one. With low leverage and no interest rate risk, it’s the most exciting risk-adjusted return we’ve seen in 2022.”
JR Bolos, co-founder of Red Summit, adds, “we’re excited to get moving on the renovation. We’re going to provide a better-quality home to the residents in this area, at a better value.” Red Summit currently has over $200 million of acquisitions in its pipeline.
The company currently focuses on acquisitions in the major Texas Cities and will expand to other markets in 2023. Red Summit’s equity partners include both institutional groups and family offices. Red Summit’s principal team includes industry veterans, including KC Kronbach, co-founder of Knightvest Residential, JR Bolos, former President and co-founder of United Renovations, Ryan Akins, former Regional Director at Bascom Group, and Ted Broadfoot, former Executive Vice President with Pinnacle. The company targets acquisitions that have the potential for improvement in both renovations and improved institutional asset management.

SALT LAKE CITY, UT – Bridge Investment Group Holdings announced the completed fundraising for Bridge Workforce and Affordable Housing Fund II, raising $1.74 billion in equity commitments, ahead of its $1.50 billion target.
BWAF II is dedicated to building, preserving, and rehabilitating predominantly non-government subsidized housing wherein at least 51% of residents earn below 80% of area median income ( AMI ), meeting the needs of the large and priced-out missing middle of U.S. renters.
We believe this represents the largest fund ever raised purely dedicated to the preservation of affordable housing in America, commented Rachel Diller, Co-Chief Investment Officer for Bridge s Workforce and Affordable Housing strategy. The U.S. has an affordable housing crisis, with an estimated 10.5 million households paying more than 50% of their annual incomes for housing. Currently, 82% of our Workforce and Affordable Housing residents earn less than 80% of AMI, and over 96% are not cost-burdened, typically defined as spending more than 30% of income on rent.
Our commitment to preserving and rehabilitating housing for America s workforce demonstrates our Firm s ESG mission, said Robert Morse, Executive Chairman at Bridge. The infusion of dedicated onsite social and community programming that focuses on life-enhancing services at each of our Workforce and Affordable Housing assets allows us to serve the needs of an often-overlooked segment of the U.S. population, while driving to more equitable outcomes.
Citizenship and Responsibility are part of our firm culture and core principles, and we expect to commit more than $40 million as part of the Bridge Community Enhancement Initiative to fund programming within the pillars of Bridge to Education, Bridging the Gap to Financial Wellness, and Bridge to Healthy Communities within our Workforce and Affordable Housing portfolio, commented Inna Khidekel, Senior Managing Director, Head of Bridge Gives. Ms. Khidekel added Preschool and afterschool programs, adult education, and onsite health equity create a sense of community, empowerment, and extraordinary energy at our communities. Using a detailed set of GIIN IRIS and UN SDG metrics, Bridge seeks to measure how our efforts drive social and economic mobility while showing to the market that doing well while doing good can be mutually reinforcing.

ORLANDO, FL – The Bainbridge Companies, a fully integrated family of real estate companies engaged in the development, construction/renovation, management, and acquisition of residential and commercial real estate as well as a leading owner, developer, and manager of luxury multifamily apartment communities, announced it has closed on 5.5 acres in Orlando where it will develop Bainbridge The Grand, a residential property set to open in 2025.
Construction of the luxury apartment community, located at 5767 Major Blvd. in Orlando, will begin October of 2022. The Class A multifamily community will offer 390 one-, two- and three-bedroom homes ranging from 820 to 1,486 square feet. Bainbridge The Grand will be a five-story wrap with a structured parking garage. High-end condominium-quality interior finishes and amenities will be included in all apartment homes. Community amenities will include a resort-style pool, expansive clubroom, game room with shuffleboard, pool table, and retro arcade games, work-from-home spaces, state-of-the-art fitness center, electric vehicle charging stations, and on-site storage.
Bainbridge The Grand will be situated in the affluent submarkets of Doctor Phillips/Windermere boasting robust development and employment activity including Lockheed Martin s R&D II building and Universal s new multi-billion dollar theme park, Epic Universe, set to open in 2025. The I-4 Ultimate Improvement Project, the largest project in the history of the Florida Department of Transportation is also nearby. The $2.3 billion project will update a 21-mile stretch of I-4, Central Florida s main transportation artery.
The growth in the Orlando market, the Universal Studios expansion, and the new infrastructure of improved roads made this location a strategic choice for our new apartment development, said Bob Thollander, president of development at The Bainbridge Companies. CBRE ranked the Orlando market as the number one multifamily market in the nation on a go-forward basis and the introduction of Bainbridge The Grand will only contribute to this market s clout.

MIAMI, FL – Miami-based real estate investment firm Circle Capital Partners, which specializes in multi-family acquisitions and development, land entitlement, and private and institutional capital raising, has completed the $22.22 million purchase of Heron Landing, a 144-unit apartment complex in the fast-growing Sunrise, Florida area.
Circle Capital arranged financing through Graystone Service Co. and will retain Weller Management to manage the 159,722-square-foot, 9.2-acre property built in 1989 and last sold in 1996 for $7.2 million.
Circle Capital plans significant upgrades to the complex, including full interior renovations to 66 original apartments, and additional updates to 78 units that already have undergone improvements.
All 144 Heron Landing rental units are large two-bedroom, two-bathroom apartments that average 1,053 square feet.
Circle Capital also will build a new free-standing state-of-the-art fitness center; create a resident lounge from a renovated adjoining building; refurbish the leasing center; install new signage and landscaping; and improve overall “curb appeal,” according to Circle Capital co-founder Todd Linden.
“Heron Landing is an excellent example of our value-add strategy to serve investors and enhance resident living experiences in all the communities where we do business,” Linden said. “This fully refreshed and modernized property will be a very attractive option in an already in-demand, fast-growing market.”
Government lending agency Freddie Mac lists Broward County as the fifth-ranked rental market in the nation. Sunrise is one of the fastest growing communities Broward due to a strong economy, numerous quality-of-life attractions and top-rated public schools. Heron Landing is the only apartment complex among its competition to be zoned for the community’s A+ rated elementary school directly across the street.
The property adds to the extensive portfolio of multi-family properties Circle Capital has acquired since its formation in 2019. Circle Capital purchased The Vue, a 178-apartment complex in Davie for $36.5 million in 2021, as well as more than $200 million worth of other real estate investments in Florida, Kentucky, Texas and South Dakota.
Linden and Circle Capital co-founder Richard Valdes have completed almost $4 billion in property transactions across the United States throughout their real estate, investment, institutional capital and equity placement careers.
“This latest acquisition checks all the boxes for our strategy to benefit investors, tenants and the local rental market,” Valdes said. “It’s especially exciting that Heron Landing is in our South Florida home, and we look forward to closing many more deals here and other dynamic markets across the country.”

CAMDEN, NJ – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced that it has finalized an $85 million preservation and renovation project at the Community Meadows apartments (formerly known as Crestbury Apartments), a 391-unit, 21.5 acre complex located in Camden’s Morgan Village.
HVPG was joined earlier today by City of Camden Mayor Vic Carstarphen, U.S. Housing and Urban Development (HUD) and New Jersey Housing and Mortgage Finance Agency (NJHMFA) officials to celebrate the completion of renovations to the Community Meadows complex.
The upgrades to Community Meadows encompass a variety of wholistic improvements including complete apartment revitalization, rebuilt site infrastructure and upgrades, and the addition of an enhanced, high-definition monitoring system providing site wide security coverage and ensuring adherence to HVPG’s community standards.
“We are thrilled to celebrate the transformation of Community Meadows in partnership with the City of Camden, HUD and NJHMFA and provide renovated apartments and upgraded complex amenities with continued affordability for residents of Camden,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “When HVPG came into ownership we made a commitment to turn the community around and make it a safe place to live and raise a family. We are very proud to show what our investment and capable team can do.”
“This is an exciting announcement for the City of Camden and for the residents at the Community Meadows Apartments,” said Camden Mayor Victor Carstarphen. “This is a $85 million investment in new infrastructure, substantial upgrades to the interior of each units, enhancements to the exteriors spaces, new playgrounds and common areas, high quality security, among other improvements. These renovations allow for the preservation of quality affordable housing within Camden. I commend Hudson Valley Property Group for being responsible, accountable and community conscious property owners.”
“NJHMFA is proud to support and finance the revitalization of Community Meadows, a community that will provide nearly 400 Camden families a long-term, affordable place to call home,” said NJHMFA Chief Financial Officer John Murray. “The improvements, made in partnership by NJHMFA, HUD, the City of Camden, PNC Bank and Hudson Valley Property Group, represent a significant investment that will provide Camden residents a thriving, healthy community for years to come.”
The acquisition and substantial rehabilitation of the Community Meadows Apartments was financed with tax exempt conduit bonds through the NJHMFA, 4% Low Income Housing Credits purchased by PNC, debt financing provided by R4 and bridge equity from PNC. The City of Camden also supported the project with a long-term PILOT Agreement that was implemental to the project’s success.
All apartment units at the property received a subsidy through a HUD project-based Section 8 Housing Assistance Payment (HAP) contract. To ensure the long-term affordability of the property, HVPG secured a long-term HUD HAP contract and no residents were displaced as a result of this transaction. The property is subject to LIHTC income restrictions through a thirty-year compliance period, and tenants must qualify at 60% of Area Median Income (AMI) to reside at the property.
The renovations within the 391-unit complex totaled ~$25 million ($64,000 per unit unit) and included dark wood kitchen cabinetry and new countertops, new high-efficiency, stainless steel appliances, high output lighting and water conserving fixtures and the creation of fully compliant ADA and H/V units. Interior Upgrades also included new flooring with subfloor repairs and wall patching and painting. Site Upgrades were substantial and included storm and sanitary line replacement, sidewalk repairs, installation of new trash enclosures, and fresh asphalt across common parking areas, as well as a new playground and the addition of a new play area with playground for resident families, all with the goal of modernizing the property for sustainable long-term operations and improving residents’ quality of life. As part of the turnaround plan for the site, HVPG brought in a new property management partner, Community Realty Management, based in Pleasantville, NJ.
The project follows Hudson Valley Property Group’s recent completion of a $57 million renovation project at Corinthian Towers, a 221-unit housing complex in the 4th Ward of East Orange, New Jersey. As the need for affordable housing continues to grow, HVPG plans to continue expanding its portfolio and provide even more quality affordable housing across the U.S. HVPG currently owns over 4,500 units of affordable housing across 27 properties throughout the state of New Jersey.
Hudson Valley Property Group also recently closed its second fund, raising $292 million in capital commitments from a broad range of institutional investors. HVPG anticipates preserving more than 10,000 homes with the latest investment fund and continuing to expand its portfolio to provide quality affordable housing across the U.S.

DALLAS, TX – Brazos Residential, a Dallas-based real estate private equity firm specializing in multifamily investments, announces the acquisition of a two-property portfolio in Benbrook, TX, marking the firm’s twelfth transaction in 2022.
The 334-unit portfolio consists of two 1980’s-built communities, Clear Fork Trail and Trinity Oaks are situated southwest of downtown Fort Worth, in one of the most affluent communities in the DFW metroplex. The properties are directly adjacent to Forth Worth Country Day, one of Fort Worth’s most prestigious private schools, and are surrounded by top retailers, such as Whole Foods and Neiman Marcus.
“Brazos, along with its partners, was able to circumvent the standard bidding process, and its associated cost premium, by acquiring the ‘Benbrook Two-Pack’ completely off-market”, explains Managing Partner and Cofounder, William Hancock. “Our team knows the metroplex extremely well. My business partner, James Roberts, and I have transacted on over 80,000 units across DFW in our previous roles as multifamily and debt brokers. Clear Fork Trail and Trinity Oaks present an incredible opportunity for our partners in one of the best real estate markets in the country.”

BOISE, ID – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Monterra Townhomes in Boise, Idaho. The firm originally purchased the 148-unit, garden-style apartment community in 2014, and the sale closed on September 29, 2022. The sale of Monterra Townhomes represents Hamilton Zanze’s eighth disposition of 2022.
During their ownership, the firm completed numerous exterior improvements, which included renovations to the fitness center, roof replacements, and pool enhancements. Additionally, units were updated with new flooring, paint, appliances, faucets, countertops, hardware, and cabinets.
“It has been great to see the Boise market flourish since acquiring Monterra in 2014,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “Since then, the efforts of Hamilton Zanze’s construction and asset management teams combined with the robust multifamily fundamentals the property thrived. We are thrilled on the execution of this sale in a time that is seeing reduced transaction volume and being able to deliver a tremendous IRR and equity multiple to our investors.”
Monterra Townhomes was built in 1994 and is located at 3960 Federal Way in Boise. The property is comprised of 148 units averaging 1,313 square feet. The community has a clubhouse, pool, hot tub, fitness center, and playground.
Monterra Townhomes is located in Southeast Boise on South Federal Way, a major arterial road that connects to Downtown Boise. The property is less than two miles east of I-84, which connects Boise with Salt Lake City, UT and Portland, OR. The property is approximately three miles from the Boise Airport and five miles from Downtown Boise.

PHOENIX, AZ – EJF Capital and Toll Brothers, through its Toll Brothers Apartment Living division, announced the formation of a joint venture to develop Henri, a 313-unit multifamily community in downtown Phoenix, AZ. The 2.32-acre site is in a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017 (TCJA), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.
The Project, expected to break ground in October 2022, is a joint venture between EJF OpZone Fund I LP and TBAL. Upon completion, the seven-story building will offer a unit mix of studio- through 3-bedroom apartments located in one of the only pre-automotive, walkable neighborhoods in the Phoenix Metropolitan Statistical Area (MSA). Neighboring the famed arts district Roosevelt Row, the Project is surrounded by restaurants, bars, cafes, art galleries, shops, and entertainment venues.
We re truly delighted to partner with Toll Brothers on a project with such undeniable economic appeal, said Asheel Shah, Senior Managing Director and Head of Real Estate Development at EJF. Phoenix is one of the nation s fastest-growing metropolitan areas, with a sizeable employment base and a dynamic retail, restaurant, and entertainment hub downtown—yet it has a limited supply of new housing opportunities. Henri is well-positioned to capture that unmet demand.
Charles Elliott, President of Toll Brothers Apartment Living, said Downtown Phoenix s ideal location, proximity to major transportation networks, and demographics all point to a community in growth mode. Henri will fill an important need for multifamily housing in this vibrant and fast-growing area.