Marlton, NJ (PRWEB) August 06, 2013
The National Association of Home Builders (NAHB) has named Stacie Brach, a property manager with Interstate Realty Management (IRM), a finalist for its 2013 Regional Property Manager of the Year Award. One of NAHB's prestigious Pillars of the Industry awards, this national program recognizes superior achievement and creative leadership in the multifamily industry.
“We are delighted that Stacie has received this well-deserved recognition,” said Mark Morgan, president of Interstate Realty Management. “She is a shining star in our organization whose leadership and focus has improved our operations. She is both a role model and mentor for IRM's future leaders.”
Interstate Realty Management is one of eight companies that comprise The Michaels Organization, a national leader in the development and management of affordable, mixed-use, military, and student housing.
Brach's portfolio comprises 26 properties throughout California and Nevada, as well as Interstate Realty Management's first property management effort in the state of Hawaii, The Towers of Kuhio Park.
In selecting Stacie Brach as a finalist, NAHB lauded Stacie’s management of Kuhio Park during its 2012 full-scale transformation from a failing public housing development to vibrant, well-managed, mixed-income community.
In 2011, Michaels Development Company in partnership with the Hawaii Public Housing Authority, began revitalizing the public housing community, formerly known as Kuhio Park Terrace. This $135 million rehabilitation involved both exterior improvements, structural updates to the building systems, and interior renovations to each of the Towers' 555 units.
With limited affordable housing resources available on the island, residents were not relocated during the renovation. Instead, IRM developed an “in-house hotel” plan and instituted a marketing program that included financial incentives to facilitate the relocation of families between floors. This relocation plan minimized the need for long-term displacement. Despite the logistical challenges involved in rehabilitating two, fully occupied 16- story high-rises, Brach’s management enabled 96% of the families to remain on-site and the renovation was completed ahead of schedule.
In addition, NAHB noted that Brach’s entire portfolio enjoys impressive operating incomes and high occupancy rates.
“Stacie is amazing in her complete understanding of the balance of compassion and professionalism needed in today’s property management field to retain both happy employees and happy residents,” said Anni Peterson, who serves as Director of Social Services at The Towers of Kuhio Park. “She has led the establishment of activities at all of her sites that encourage positive behavior and foster strong communities,” Peterson said.
NAHB will announce the winners of the 2013 Pillars of the Industry Awards in October.
About The Michaels Organization
The Michaels Organization is a family of eight integrated but independent companies dedicated to excellence in affordable, mixed-income, military, and student housing. Serving more than 100,000 residents in 360 communities across 34 states, the District of Columbia, and the U.S. Virgin Islands and with a development portfolio valued in excess of $3 billion, The Michaels Organization is a national leader in the residential real estate industry, with full service capabilities in development, property and asset management, construction, mortgage finance, and tax credit syndication. Visit http://www.TheMichaelsOrg.com for more information.