SCOTTSDALE, AZ – Multifamily Leadership has announced the official ranking for the 2020 “Best Places to Work Multifamily” program at the Multifamily Leadership Innovation Summit held in Scottsdale, Arizona. The multifamily housing industry, serving apartment communities and their residents, contributes more than 3.4 trillion-dollars to the economy annually, supporting more than 17.5 million jobs. Not only do apartment homes drive jobs that strengthen local communities, but they also provide individuals and families a place to call their own, as renting has become a smart choice in today s economy.
The business environment of the 21st century is characterized by rampant competition between businesses, an ever-increasing reliance on technologies, and, most importantly, a heightened appreciation for the quality of a workplace and its overall culture. The Best Places to Work Multifamily program recognizes those companies that have established and consistently fostered outstanding workplace environments. Multifamily Leadership s rigorous assessment process evaluated each company s employee policies and procedures, as well as responses from the company s employees. The program is part of a long-term initiative to encourage growth and excellence throughout the multifamily housing industry, while attracting new talent, innovators, and leaders within our sector.
Patrick Antrim, Founder and CEO of Multifamily Leadership clarified, If you want to know if a particular company is a fantastic place to work, it is as simple as asking the people who work there. Next-generation employees want to know their company is making a positive impact on the world, supporting a distinct vision and mission, and fulfilling that very vision and mission.”
The program also helps companies, who want to improve their business through critique and feedback. The Employee Feedback Report is presented to each participating company of “Best Places to Work Multifamily”, even if it did not make the official list. The report summarizes employee engagement, satisfaction data, and written employee comments. The report is used by many organizations to make significant improvements in their workplace culture throughout the calendar year.
During this year s Summit, national benchmark data from participating organizations were compiled and research specific to the multifamily housing industry was revealed. Multifamily leaders, looking to quick-track their success, will leverage practices that best-in-class organizations are already implementing in order to make fantastic resident experiences and strong financial results. To successfully attract next-generation employees, progressive leaders need to make a high-quality workplace experience to sustain their competitive advantage. The following companies within the multifamily housing industry have succeeded in doing so:
Nationally Ranked 2020 Best Places to Work Multifamily®, in order:

The Management Group, LLC
Passco Companies
Gables Residential
The Bascom Group
The Franklin Johnston Group
JVM Realty
Olympus Property
Berger Rental Communities
Keener Management
Apartment Dynamics
American Communities
Baron Properties
Wesley Apartment Homes
Presidium Property Management
Hankin Apartments
CWS Apartment Homes
IMT Residential
Pathlight HOME
Centra Partners
Respage
Alco Management, Inc.
Rockstar Capital
The REMM Group
RealSource Management
RADCO Residential
MC Companies
Carter-Haston
RMK Management
Continental Properties
Portico Property Management
Fogelman
Perennial Properties
ZRS Management
Drucker + Falk
Stone Mountain Properties
Cardinal Group Companies
Gene B. Glick Co.
Weller Management
Seldin Company
Village Green
TI Communities
Apartment SEO
Morgan Properties
O Brien Realty Group
Stonemark Management
Asset Living
Mission Rock Residential
Carroll
Dasmen Residential
WRH Realty Services
Park Properties Management
Laramar Group
Valiant Residential
FPI Management
Karya Property Management
Northland Investment Corporation
The Homestead Companies
The ITEX Group

To register or access more information about the Best Places to Work Multifamily program, go to www.multifamilyleadership.com

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WEST NEW YORK, NJ – NRIA hosted a ceremonial groundbreaking, marking the start of construction on the first luxury high-rise in West New York, New Jersey’s business district called The Station. U.S. Senator Bob Menendez of New Jersey and West New York Mayor Gabriel Rodriguez were among the dignitaries who participated in the event.
The $49 million mixed-use project at 4901 Bergenline Avenue will have 97 one- and two-bedroom apartments averaging 960 square feet. The units will have open floor plans, oversized windows, luxury appliances, and finishes. Amenities include a rooftop entertainment deck with grilling kitchen, soft seating and panoramic views of Manhattan and the mountains, a state-of-the-art fitness center, and club room. The private, subterranean garage will have 80 parking spots, and there will be 25 additional off-site spots for a total of 105.
The 10-tale, transit-oriented project is being constructed on the site of a former Duane Reade Pharmacy located directly across the street from the Bergenline Light Rail Station. It will be the tallest building in the heart of West New York’s business district, and the only luxury high-rise apartment building there. The Station will open to residents in 2021.
“The Station will be a game changer for West New York,” said Glenn LaMattina, SVP for Global Business Development of NRIA. “Since the opening of the Bergenline Station back in 2006, it has been the dream of local leaders to build new apartments close to public transportation, and we’re proud to be the first to do a large-scale project like this.”
NRIA’s $49 million investment in West New York will transform the look and feel of the business district and attract other developers and investors, helping to revitalize the business district.

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TUSCALOOSA, AL – Walker & Dunlop announced that it structured Freddie Mac financing for The Cottages at Lake Tamaha. Located in Tuscaloosa, Alabama, the dedicated student housing community is comprised of 294 cottage-style homes ranging in size from two bedrooms to five bedrooms.
Walker & Dunlop Managing Director Will Baker, Vice President William Shell, and Assistant Vice President Doug McDaniel provided the debt, working alongside Tim Bradley of TSB Capital Advisors, who brokered the transaction. Leveraging their broad experience with Freddie Mac loan programs, the Walker & Dunlop team identified the Capital Markets Execution (CME) to lock in an attractive rate and five years of interest-only payments for the seven-year loan term. The debt provides a streamlined refinance solution for the property owner, Cardinal Group Investments, replacing two separate maturing loans that the borrower assumed upon acquiring the property in 2017.
Richard Randall, Vice President at Cardinal Group Investments, commented, “TSB and the W&D team members were brilliant to work with and provided exceptional service from start to end – they listened to our business plot and presented us with a financing option that best aligns with our long-term goals for the property.”
“We have a long history with this property, having previously financed it for the original developer, and we were pleased to work on it again with the Cardinal Group,” said Mr. Baker. “The property continues to maintain strong occupancy, thanks to its tailored amenity package, a frequent shuttle to campus, the cottage-style buildings, and the comprehensive improvement program recently completed by the owner.”
Built in two phases, in 2009 and 2010, The Cottages at Lake Tamaha caters to students of The University of Alabama seeking off-campus housing. The project won Multifamily Executive’s award for project of the year in 2010 and offers residents unique cottage-style living quarters as well as a functional private lake. Community amenities include a cyber café, clubhouse, game room, movie theater, tanning beds, outdoor grilling area, and amphitheater. The property also offers ample recreational space, with a swimming pool, fitness center, indoor golf range, putting green, as well as volleyball, basketball, and tennis courts. The property is located just two miles east of the university’s campus and is accessible with a shuttle service exclusively for residents of the community.

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