Many of the residents welcome the improvements. “I think it would be great to fix the place. It needs a lot of work done,” said Shari.
“It’s fantastic,” added John. “Anytime they do an upgrade you can’t go wrong. Am I right? Brings up the property values all around here.”
Comprehensive Asset Management
Capital Realty Group brings a comprehensive, integrated, hands-on approach to the management of our portfolio. As a result of Capital Realty Group’s expertise and diligence, our properties consistently achieve high scores from HUD’s Real Estate Assessment Center (REAC) and we are proud to maintain a portfolio-wide vacancy average of less than two percent. The cornerstone of our asset management program is robust quality control protocols, which include:
Capital Improvement Planning: Capital Realty Group conducts a property assessment and develops a comprehensive capital improvement plan to best enhance the overall condition of the asset. We have overseen tens of millions of dollars in construction for our properties and have become skilled in the art of “tenant in place” restoration.
Ongoing Onsite Staff Training: We believe that the continuous training of our employees has been critical to our success and growth. We routinely provide onsite property management and maintenance staff with training sessions that address the ever-changing regulatory environment as well as maintenance challenges.
Quality of Life Enhancements: We believe that affordable housing should improve the quality of life of residents. To this end, we go to great lengths to provide Resident Service Coordinators, aesthetically pleasing grounds and facilities with amenities such as fitness centers and wellbeing programs.