News: Owners Developers & Managers

NAHMA awards First Realty Mgmt. its Quality Ptrs. designation

The National Affordable Housing Management Association (NAHMA) has awarded First Realty Management its Communities of Quality Corporate Partners designation through a certification program that recognizes the outstanding achievements of property managers and owners who provide high-quality, affordable multifamily rental housing. This achievement was based in part on the number of affordable rental properties in First Realty's management portfolio that have attained the industry trade group's highest recognition, the Community of Quality designation. Each property must earn numerical scores for physical inspections; employee credentials; financial management; programs and services; endorsements; as well as required photographs and independent, third-party reports and assessments. The community of quality certification is awarded when a property achieves a score of 225 or more points. Eight affordable properties managed by First Realty have earned certification for having achieved a high standard of excellence in the way they are managed, the services they provide residents, the experience and training of personnel, and other criteria. The properties include Brandywyne Village in East Boston, Burbank Apartments in the Fenway, Camelot Court in Brighton, Cummins Towers in Roslindale, Davis Commons in Brockton, Kent Farm Village in East Providence, Mountain Village in Worcester and Tammy Brook Apartments in Weymouth. NAHMA created the COQ National Corporate Partners Recognition program as a way to acknowledge companies that provides the highest-quality affordable housing to lower-income residents while adding value to its larger community.
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Mount Vernon Co. acquires John Carver Inn & Spa in Plymouth, MA

Plymouth, MA The Mount Vernon Company (MVC), a Boston-based real estate and hospitality investment firm, has completed the acquisition of the John Carver Inn & Spa, an 80-room property.
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Columns and Thought Leadership
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season