Beginning with a property in a severe state of disrepair, Birge & Held used lessons learned from previous projects to completely renovate and reposition The Villager from a sub-par asset to a portfolio-leading investment. Thanks to the dedication and problem solving of our property management team, the property sees an average 95% occupancy and increased retention after the project was completed.
The Villager
From Challenging Asset to Top Performer
95% consistent occupancy after repositioning
276 units
Interior & exterior renovation
Year-over-year NOI gross impact: +126%
Preserving Integrity
Throughout a major repositioning effort, Birge & Held’s professional management staff delivered progressive ideas that served investors, residents, and the community.
Adding Value
Thanks to extensive market research and resident service, our management team created significant management efficiencies and market repositioning, increasing bottom-line cash flow and property value.
Tailoring Solutions
Trained to approach each challenge with custom strategies, Birge & Held property managers integrated owner objectives, resource constraints, and resident needs throughout the project.
Steering a Property Through Radical Repositioning
Guiding The Villager from a distressed asset to a top-performing apartment community required intensive property management oversight. From analyzing market research to creating a strategy for capital improvements and deferred maintenance items, our team identified the opportunities for greatest impact, and worked with Birge & Held’s construction management division to make the project a success.