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Pegasus Residential, a 2022 National Multifamily House Council’s (NMHC) Top 50 Manager, has been selected to manage a seventeen-community portfolio totaling over 1,900 units.
Pegasus Residential, a national leader in the management of multi-family housing, today announces its expansion plans to begin offering third-party management services in core markets within Colorado, Utah and Arizona.
“For years we have wanted to focus on expanding west to grow our brand and portfolio. The timing is right with the rapid growth of multi-family in cities we want to be in. I believe our unique management and lease-up structure will be a welcome addition for new and current clients already in the Western states,” said Lindy Ware, CEO and Principal.
Slated to launch management operations by Q1 2021, Pegasus will have their initial management team in place by Q3 2020 to ensure they are fully operational for all current and new clients. “I am excited that our teams will take our service offerings to new and existing clients in these markets, and appreciate the efforts of each of our team members to further building the Pegasus’ brand in the West,” said Ware.
It is a tough time to be a multifamily property owner. Rent collections are down, vacancies are expected to rise and people are reluctant to move into new apartments in the middle of a pandemic. This is where business intelligence, analytics and customer relationship management technology have become crucial for multifamily owners and operators, who are working to maintain business continuity and enable data-driven decisions to drive better outcomes. This is especially important in the midst of a recession, as there is more focus on tenant retention. In 2018, Griffis Residential, which operates communities in Colorado, Texas, Washington, Oregon and California, turned to Knock, a Seattle-based tech company, to provide CRM and business intelligence tools. The firm recently piloted Knock’s newest feature, the Renewal CRM, which automated much of the renewals process and prompted the Griffis leasing teams to reach out to residents months in advance to learn if they are planning to renew their leases. Knock’s auto
