PR Log - Apr 10, 2012 - Weidner Apartment Homes’ recent expansion has earned them a spot in the National Multi Housing Council’s (NMHC) authoritative ranking of the nation’s largest apartment owners and managers. As of January 1, 2012, Weidner has established their position on both lists, coming in at #43 of the largest apartment managers and #44 of the largest apartment owners.
In 2011, Weidner acquired 11,043 apartments, bringing their total portfolio to 31,551. They had the second-largest portfolio growth among property managers and the third-largest growth among owners. The privately-held company has continued their surge into 2012, growing to nearly 33,000 units.
The majority of growth has occurred in their Arizona region, which has expanded to 22 communities (7,280 units), spanning from Phoenix to Tucson. Their newest acquisitions include Alta Phoenix Lofts, a 332-unit luxury community located in downtown Phoenix, and Apartments at Steele Park, a 399-unit Phoenix community.
According to Jack O’Connor, Chief Operating Officer, Weidner plans to continue to expand into 2012 with the expectation to bring on 10 percent more units. Future business growth will be well-balanced mix of both new construction and acquisitions throughout their current markets.
With their remarkable growth and significant achievement, Weidner realizes their need to provide unparalleled customer service. O’Connor understands this importance and states “Now that Weidner has secured its place as a large provider of apartment homes, it is more important than ever to build a positive reputation by providing exceptional customer service to our residents.” - - -
About Weidner Apartment Homes
Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a multi-faceted real estate investment and management company, recognized industry-wide as an efficient provider of quality rental homes and a creative developer of new housing. To provide the benefits of regional and economic diversity, their properties are located in: Alaska, Arizona, Colorado, Texas, Washington, and Canada, in the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba. The company is headquartered in Kirkland, WA. For additional information, visit http://www.weidner.com or e-mail firstname.lastname@example.org.