The Villager

From Challenging Asset to Top Performer

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.

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.

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