Avesta Offers Proven Model of Success to Third Party Owners

TAMPA, Fla., Oct. 26, 2017 /PRNewswire/ -- Avesta, a vertically integrated owner-operator of multifamily apartment homes across the U.S., is pleased to introduce Avesta Communities Management Platform, a third-party property management service. In an effort to continue Avesta's mission to give people a home where they can live abundantly, Avesta Communities Management Platform will offer their proven capabilities of superior resident retention, financial reporting, and investment performance to third party owners.

A proven operator, Avesta manages over $1 billion in assets and nearly 11,000 apartment homes across Florida, Texas, and Colorado.  Avesta serves nearly 30,000 residents through their team of over 300.  After successfully operating as a third party manager for existing investment partners, Avesta will begin actively marketing this service to all owners and future buyers of multifamily communities. 

"We wanted to expand our reach by offering the Avesta experience and service to more residents.  Through the Avesta Communities Management Platform, all owners will be able to utilize our management expertise and institutional purchasing power to reduce costs and enhance returns.  Out of state and institutional owners will get local market specialists from a proven operating team," says Avesta Communities CEO Dan French. 

Led by industry veteran Clint Miller, Avesta Communities Management Platform operates in Florida but plans to quickly increase scale to offer services in all of Avesta's markets.  "We are thrilled to offer Avesta's resident focused business culture to all property owners," says Clint.  "Our process is proven to improve resident retention and grow NOI.  Our purchasing power helps reduce redevelopment costs.  Our proprietary intelligence platform ensures timely and accurate information to fix problems quickly and maximize efficiency." 

Residents at communities managed under this program will receive the same living experience and customer service that has made Avesta communities so successful across the country.  "If we manage it, we treat it like it is our own," says Dan.  The platform will also provide owners access to Avesta's proprietary talent management processes which have most recently earned Avesta recognition by FORTUNE and Great Place to Work as a 2017 "Best Medium Workplace," ranking in the top 20 nationally.

About Avesta Communities Management Platform:

Avesta Communities Management Platform specializes in third party property management for multifamily apartment communities.  Currently managing nearly 11,000 apartment homes and servicing nearly 30,000 residents, Avesta has a proven process to maximize operational efficiencies and scale through experienced people and process.  Clint Miller has been with Avesta since 2012 and has previously overseen all aspects of Avesta's community management for Florida, including platform improvements and implementation company wide.  At Avesta he has been involved in community takeovers, ongoing stabilization, and growth through operational efficiency.

About Avesta

For two consecutive years, Avesta has been named by FORTUNE and Great Place to Work as a "Best Medium Workplace," ranking in the top 20 nationally for 2017.  Avesta's mission is to give people a home where they can live abundantly and create more community in the world.  By striving to be the world's most resident-focused company, Avesta creates lasting value and serves each of its stakeholders: teammates, investors, vendors, communities, and most importantly, its residents. Avesta is a fully integrated real estate investment and management firm that, since 2010, has acquired nearly 14,000 apartment homes throughout Florida, Texas, and Colorado.  The vertically-integrated company handles acquisitions, property management, construction management and portfolio management.

Contact:
Clint Miller
813-503-4495

SOURCE Avesta