Local Companies Ranked Nationally as Best Places to Work in Multifamily

Several local companies made Multifamily Leadership’s national list of Best Places to Work. Those firms include Apartment Dynamics LLC, Blue Ridge Companies, Drucker & Falk, Pollack Shores Real Estate Group, Matrix Residential and RealSource Management. From a press release distributed by Apartment Dynamics:

The rigorous assessment process evaluated each company’s employee policies and procedures as well as responses from the company’s employees. The program is part of a long-term initiative to encourage growth and excellence throughout the Multifamily Apartment Industry and to attract new leaders to the industry.

Mary Gwyn, Chief Innovator of Apartment Dynamics commented, “It is because of our employees that we made the list.  We are surrounded by greatness with our team.”  Organizations from across the nation entered the two-part survey process to determine the Best Places to Work in Multifamily. The first part consisted of evaluating each company’s workplace policies, practices, philosophy, systems and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top organizations and the final ranking.

You can find the full list at http://bestplacestoworkmultifamily.com/2018-best-places-to-work-multifamily/

A Day in the Life of a One-Day Lobbyist

PTAA’s own Mary Gwyn of Apartment Dynamics wrote a piece for the National Apartment Association about her experience at NAA’s Day of Lobbying in March:

It is an honor that we citizens can impact government, lawmaking and regulations in this country. I am always awed when I take advantage of this right and opportunity to express my opinions to our leaders on issues that impact our industry. Beyond our votes, if our voices are not heard, others may sway our leaders in directions we don’t agree with and that are counter to our business and the affordability of housing. A Day of Lobbying each year is very little to give to see that our voices are heard. It’s a great lesson in civics!

One of my Congressional visits was to Rep. Mark Walker (R), a freshman from North Carolina. He came from outside the political circles, serving as a pastor in Greensboro prior to running for Congress.

A group of eight of us gathered to meet with him, three of whom were first-time lobbyists. We filled the hall while we let his staff know we were there for our appointment, but there was some confusion – no appointment on the calendar. And although we had emails from his office, there was no need to pull them up. In fact, they quickly found a way to “squeeze” us in before the Congressman’s next appointment.

We were taken from his small but sunny outer office, to a rich wood-paneled room. The walls were covered with pictures and sayings that demonstrated his beliefs and interests. He crowded all eight of us and his Legislative Assistant into the room. Three of us were from his district, and introduced ourselves. His eyes were intent on each of us as we spoke.

You really should read the whole thing because it eloquently describes why participating in government relations activities like the Day of Lobbying is so important, and how it can enrich your career.

New Mebane Apartment Community Sells for $14.8 Million

Alexander Pointe Apartments, a newly constructed 120-unit apartment community in Mebane, was sold to an investor before its last 24 units had even received their CO. The sales price of $14.8 million worked out to $123,333.33 a door. From an article in the Triad Business Journal:

Alexander Pointe Apartments, one of the newest of several recently opened Mebane apartment complexes, was sold to Chapel Hill entrepreneur Jim Kitchen’s Sovereign Development Co. LLC for $14.8 million by First Mebane Properties LLC and developer Dennis Euless of Graham…

“It was a win-win for both parties,” said Mary Gwyn, whose Apartment Dynamics firm is managing the property for Kitchen, who is currently out of the country. “We thought it was a great price. The outlook for Mebane is so good. People want to live here — it’s near everything.

Rents at the 9.6-acre community start at $850 for one bedrooms and at $1,250 for three bedroom units. Amenities include a saltwater swimming pool, a putting green, a dog park and a large clubhouse with a fitness center and a conference room.

Apartment Dynamics Featured in the Triad Business Journal

Apartment Dynamics is a long time member of PTAA and one of its principals, Mary Gwyn, is a member of the PTAA and AANC boards of directors. The Triad Business Journal did a nice article on the business that Mary and her husband Tom have built from scratch.

Apartment Dynamics is a long time member of PTAA and one of its principals, Mary Gwyn, is a member of the PTAA and AANC boards of directors.  The Triad Business Journal did a nice article on the business that Mary and her husband Tom have built from scratch.

The residential real estate market has faltered, but demand for apartments continues to grow. That’s been a boon for Apartment Dynamics, a High Point company that manages some 1,300 rental units across North Carolina. The company expects to increase its portfolio to about 2,200 units by the end of 2012 and even take an ownership stake in some of those properties.

That said, Apartment Dynamics won’t grow beyond the point where it can’t have high-touch relationships with renters and employees. “We know all our employees and they know us,” says Mary Gwyn, chief innovator for Apartment Dynamics.