WinnResidential has been retained by KCG Cos. to operate 28 of its communities across eight states.
As a result, WinnResidential takes over management of more than 4,147 units from KCG’s nationwide multifamily portfolio.
The firm began overseeeing KCG assets July 1, following a two-month onboarding of 83 members from KCG’s on-site teams in an effort to maintain consistency and continued employment for property management team members. Future developments will be added over the next 12 months.
“We are already seeing positive results from the WinnResidential team in terms of efficiently managing daily operations and leasing income-restricted apartments,” said KCG president and CEO R.J. Pasquesi. “Knowing that our property management is in the hands of proven experts is already empowering our company to focus on what it does best—pursuing opportunities to create more affordable housing.”
Established in 2015, KCG is a mixed-use and multifamily housing developer. A long-term owner and investor in the communities it acquires and builds, the Indianapolis-based company consistently ranks among the nation’s leading affordable housing developers.
“We are pleased to have the opportunity to bring immediate value to KCG’s impressive development portfolio,” said WinnResidential president Patrick Appleby. “We understand what it takes to manage sustainable communities that deliver long-term value for ownership and a high quality of life for residents.”
The KCG portfolio is comprised of 34-plus communities spanning nine states, including those under construction. KCG specializes in new construction, acquisition/rehab, and adaptive-reuse developments of affordable and workforce housing communities in Colorado, Georgia, Maryland, New York, Ohio, South Carolina, Texas, Virginia, and Wisconsin.
WinnResidential is the property management arm of Boston-based WinnCompanies, an award-winning owner, developer, and manager of high-impact, quality apartment homes.