HOUSTON, TX - Asset Plus Companies ranked in the National Multi Housing Council's Annual "Top 50" Managers released last week. Not only did the company make the list for the first time, but it ranked 38th among the nation's largest property managers.
"Strategic partnerships with banks, special servicers and existing clients have been the key avenues of growth for us," according to Asset Plus Companies' Senior Vice President Ryan McGrath. The company added nearly 100 new properties to its portfolio over the past 18 months, bringing its total to just over 32,000 units nationwide.
Asset Plus Companies' growth plan encompassed adding some of the most talented and experienced people in the industry to the company's team, at a time when many other companies were downsizing. "Within a service-based business there is only one differentiating factor and that is the quality of service provided," says McGrath who continued, "the quality of service is dictated by the talent level of the individuals providing it."
"We plan to continue our growth, but we will only do so at a pace where we continue to support every client at the very highest level," according to McGrath, who added the company is targeting to be number 25 on the NMHC list for next year.
Based in Washington, DC, NMHC is a national association representing the interests of the larger and most prominent apartment firms in the U.S. NMHC's members are the principal officers of firms engaged in all aspects of the apartment industry, including owners, developers, managers and financiers. One-third of Americans rent their housing, and more than 14 percent live in a rental apartment. For more information, contact NMHC at info@nmhc.org, or visit NMHC's web site at www.nmhc.org.
Asset Plus Companies was founded in Houston, Texas in 1986 as a third-party property management firm specializing in providing a variety of real estate services to investors, developers, and institutional owners of multifamily, student housing and office/retail property types. In 1998, the company expanded its' student housing presence and formed a student housing division, Asset Campus Housing, which is presently one of the largest privately owned student housing companies in the country.
Source: Asset Plus Companies