Two Triad-based Apartment Industry Leaders Inducted into AANC Hall of Fame

Two apartment industry professionals from the Triad were inducted into the Apartment Association of North Carolina’s (AANC) Hall of Fame this week. During a ceremony held at AANC’s 2019 Education and Legislative Conference in Raleigh, Sue White and Peter Placentino, both of Greensboro, along with seven other apartment professionals, were inducted into the 2019 AANC Hall of Fame.

Sue White, Donathan Properties

Sue White, President of Donathan Properties based in Greensboro, has been a member of Piedmont Triad Apartment Association for 39 years, serving as President in 1989-90. She has also been a member of AANC since it was founded in 1986 and served as AANC’s first president, not from the Charlotte area.

Ms. White has been involved in multi-family housing development since 1977. She began her career with McCoy Development, which later changed its name to Kenyon Investment Group. Kenyon subsequently merged with Sunstates Corporation of Raleigh, North Carolina. While with these organizations, Ms. White was responsible for the development of several luxury apartment projects that were pre-sold to Balcor/American Express. In addition, Ms. White operated Kenyon’s management company prior to the merger with Sunstates.

Ms. White left Sunstates Corporation in 1983 to start Donathan Properties, Inc. Bainbridge in the Park, Donathan Properties’ first development project, was a joint venture with 1st Home Federal Savings and Loan of Greensboro, North Carolina and was presold to a real estate investment banking firm headquartered in Westport, Connecticut. Donathan Properties developed and owns Briarleigh Park Apartments, a 216-unit community in Winston-Salem, North Carolina, which opened in July 1987.

Ms. White’s expertise includes the identification and purchase of sites, site layout, unit mix, project sales, marketing and lease-up, as well as overall construction management. Donathan Properties, Inc. is a HUD approved management company.

Projects in Ms. White’s development portfolio include:
Marchwood (264 units), Greensboro, NC
The Hedges (188 units), Greensboro, NC
The Forest (264 units), Durham, NC
Cooper’s Pond (172 units), Raleigh, NC
Drayton Quarter (206 units), Charleston, SC
Bainbridge in the Park (216 units), Durham, NC
Briarleigh Park (216 units), Winston-Salem, NC
Hyde Park (216 units), Cary, NC
Southern Village Apartments (250 units), Chapel Hill, NC
Brookberry Park Apartments (252 units), Winston-Salem, NC
Skybrook Apartments (268 units), Huntersville, NC
Haven at Regents Park Apartments (288 units) Fort Mill, SC

Peter Placentino, Brown Investment Properties

Peter Placentino, Senior Vice President of Property Management at Brown Investment Properties based in Greensboro, has been an active member of PTAA, AANC and the National Apartment Association (NAA) for over 35 years. He is the only person to serve as President of AANC twice, he also served as President of PTAA in 1990-91 and as Secretary of the National Apartment Association in 2000.

At Brown Investment Properties Mr. Placentino optimizes assets for each property owner. He believes in and supervises hands-on, detail-oriented management of physical assets, operations, and personnel. His extensive experience covers all types of tenant-occupied property – multi-family, retail, office, and industrial. He has many years of experience in construction, development, and legislative matters of the multi-family housing industry. This knowledge base brings additional benefit to property owners. Peter has been involved in distressed asset management since the 1980s and is an expert in stabilization and disposition of these properties.

Peter started with Brown Investment Properties in 1983 and has worked in property management since 1979. He is a Certified Property Manager (CPM) and a licensed Real Estate Broker in North Carolina, South Carolina, and Tennessee.

Apartment Industry’s Best and Brightest Celebrated at PTAA’s Diamond Awards

Over 500 members and guests of The Piedmont Triad Apartment Association (PTAA) gathered to celebrate individuals, communities, and supplier partners from their membership who were nominated and won recognition for achievements in the multifamily apartment industry in 2018.

Individual professionals and apartment community on-site teams were nominated by peers and supervisors, then submitted applications which were evaluated by multiple judges in the apartment industry in areas outside of North Carolina. Finalists were chosen using a scoring matrix comprised of financial performance, community composite, personal performance, professional development and recommendation letters. Leasing Professional and Community finalists were subject to additional evaluation in the form of a secret or scheduled shop.

Supplier Partners were voted on by PTAA members who are apartment owner/operators. The companies receiving the highest number of votes in each category submitted applications and recommendation letters for review by impartial judges spanning multiple operational roles in the multifamily industry. The number of votes and a quantitative score from the applications were weighted equally to determine the winner. The Piedmont Triad Apartment Association has been recognizing member organizations with the annual Diamond Awards ceremony for more than 20 years.

The following awards were presented for this year:

Individual and Supplier Partner of the Year 2018 Awards

Rookie Supplier Partner of the Year: Emergency Restoration Xperts

Rookie Maintenance Technician: Chad Arndt | Addison Point

Rookie Leasing Professional: Megan Sizemore | The Village Lofts

Advertising & Promotions Supplier: Fast Signs High Point

Landscaping Supplier Partner: Cox Landscape Management

Leasing Professional: Dion Harris | Sebastian Village

Maintenance Technician: Ramon Nieves | Plantation at Pleasant Ridge

Professional Services Supplier Partner: Loebsack & Brownlee, PLLC

Product Supplier Partner: ProSource Fitness Equipment

Assistant Manager: Beth Gavin | Collegiate Commons

Bobby Proctor Maintenance Supervisor of the Year: Brett Barney |

Blue Ridge Companies

Cynthia Apple Manager of the Year: Kimberly Noel | Brookberry Park

Regional Manager: Jennifer Hewitt | Blue Ridge Companies

Corporate Professional – Tie: Michelle Chesson | Burkely Communities; Elizabeth Anne Richardson | Phillips Management Group

Interior Contractor Supplier Partner: Got You Floored

Exterior Supplier Partner: BluSky Restoration

Volunteer of the Year Awards:

Supplier Partner: Joshua Owen, ProSource Fitness Equipment

Owner/Operator: Kimberly Noel, Brookberry Park

President’s Choice: Jody Longwill, Burkely Communities

Community Awards:

Turnaround Community: The Gardens at Country Club |

Blue Ridge Companies

Dynamic Team: Briarleigh Park | Blue Ridge Companies

Student Community: Campus Crossing | Signature Property Group

Conventional Community: The Village Lofts |

Hawthorne Residential Partners

Additionally, PTAA also announced at the ceremony that their membership raised a record number of 419,057 meals in their 2018 summer food drive for Second Harvest Food Bank of Northwest North Carolina. Each year, PTAA members collect canned food and financial donations in a friendly competition between apartment communities. This year Phillips Management Group and their communities collectively raised more than 78,000 meals. They were awarded the Clyde Fitzgerald Owners Cup, named for the late former CEO of Second Harvest Food Bank, for 2018.

It Might Be Goofy, But It’s for a Good Cause

On July 12, 2018 WFMY News 2 stopped by the PTAA office to interview Jon Lowder about some of the stunts he’s pulled to support PTAA’s food drive. Despite Jon having a face for radio, it turned out pretty well. Take a look:

 Want to get in on the game? You can support Jon’s latest stunt by donating here.

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

Five-Story Office Building in Greensboro to be Converted to Apartments

The Triad Business Journal is reporting that former PTAA board member, Seth Coker, and his partner Nathan Isner, will be redeveloping a downtown Greensboro office building into 24 efficiency apartments. From the article:

Developers Seth Coker and Nathan Isner will make $2 million in renovations to a five-story, downtown Greensboro building, utilizing the first floor as its office, and transforming the remaining floors into 24 “efficiency apartments.”

Coker said demolition of much of the interior of the 22,000 square foot building at 127 N. Greene St. — now occupied by Investors Title Insurance Co. — will begin on Oct. 30, and should be completed by January. Coker said the target for completion of the project is October 2018…

One of the “cool” features planned for the apartments, which Coker said would be “500 to 600” square-foot units with one bedroom, is heated floor title in the bathrooms. He said existing elevator, steps and standing support columns would be preserved.

Coker said he expected the apartments to rent in the $700s per month, and attract tenants from nearby Elon University School of Law and Lincoln Financial Group.

PTAA Member United Finishers International Makes Fast 50

The Triad Business Journal recently released their list of the 50 fastest-growing private companies in the Piedmont Triad and PTAA-member United Finishers International made the list in the 26th spot. Here’s an excerpt from their listing:

What does your company do or make? Offer full line of kitchen cabinets for multifamily developments

Founded: 2000

Top executive: Juan Hernandez, president

Address: 1950 W. Green Drive, High Point 27260

Phone: 336-883-3901


2016 revenue:$6 million

No. of Triad employees: 14

No. of employees total: 14

Locations in Triad: One (High Point)

Offices outside Triad: None

What’s the primary driver (other than workforce and customer service) to which to attribute your growth over the past three years? The current new apartment boom and customer retention

Examples of your company’s growth during the past three years? We moved to a 100,000-square-foot facility, added trucks, a driver, installers and office staff.

How much of your future growth will be in the Triad vs. outside the region?Very little of our growth is in the Triad, but it is all occurring in Virginia, the Carolinas and Tennessee.

PTAA’s Food Drive Covered in UNITS Magazine

PTAA’s Annual Food Drive made the pages of the October, 2017 issue of UNITS Magazine. Below is a link to a scanned copy of the article and you can read the entire issue on NAA’s website at

October 17 Units Article

Got You Floored Makes Triad Business Journal’s Fast 50

Congrats to longtime PTAA member Got You Floored and CEO Matt Ketterman for making the Triad Business Journal’s Fast 50, coming in at number 28. Here’s a little info from the interview they did with Matt, who is also a member of PTAA’s Board of Directors:

What does your company do or make? Full-service flooring company to multifamily industry

Founded: 2000

Top executive: Matt Ketterman, CEO

2016 revenue:$9.6 million

No. of Triad employees: 12

Locations in Triad: One (Greensboro)

What’s the primary driver (other than workforce and customer service) to which to attribute your growth over the past three years? The driver in our growth has been the booming apartment market.

Examples of your company’s growth during the past three years. We expanded our reach by following top customers to up to six hours away for major projects.

A fun story or your proudest moment of the past year? PTAA (Piedmont Triad Apartment Association) Diamond Award as voted by our account base

Given that our event theme is “In the Fast Lane,” what type of car reflects your company or its culture? Honda Accord – dependable

Kernersville Multi-Use Development Will Have 500 Apartments

Welden Village, a 385-acre, mixed-used development proposed in Kernersville that is a “traditional” neighborhood development (TND), will include 500 apartments, 306 of which are being built by Parr Construction later this year. Here’s a description of the project from an article in the Triad Business Journal:

Instead of a development based on “pods” of similar homes, Arden plans to create one integrated walkable community with well-connected streets where residents can make short walks to parks, open spaces, civic amenities and new retail spaces. Traditional neighborhood development, sometimes referred to as neotraditional design or New Urbanism, harkens back to how neighborhoods were developed prior to World War II – before automobiles changed the dynamics…

The plans for Welden include three single-family areas with about 1,400 homes as well as about 200 townhomes and 500 apartment units. Rhodes said about 30 acres would be used for a commercial village…

Next up is Welden Park Apartments, a 306-unit complex adjacent to the village center, built by Triad-based Parr Construction. Kernersville approved a site plan in March, and construction is scheduled to begin late this summer, according to Rhodes.

Additional Units and New Fitness Center for Ashebrook Pointe

Providence Management Co. purchased Ashebrook Pointe Apartments in Greensboro in September, 2016 and they are now close to completing 24 new units and a new fitness center.

Providence Management said completion on the new units at 2828 Vanstory St. — split between one-bedroom and two-bedroom apartments — is expected in the next three weeks.

The expected rental price range is $630-$795, according to Providence Management, which said the new units would be similar to the original 216 units, though slightly smaller with different floor plans. Existing units range from 800 square feet to more than 1,100 square feet.

The expected rental prices would be $80 to $100 more expensive than current units.

The total cost of the project is estimated at $1.1 million.