Property Management
Driving Demand. Driving Revenue. Driving Value.
Our full-service property management business has one simple mission: to elevate multifamily investment properties. Our robust team manages properties that enhance neighborhoods and deliver consistent value to owners and investors. When you partner with us for third-party management, you tap into a finely tuned leasing and operations engine that can accelerate your community’s occupancy and profitability.
Property Management Expertise
Third-Party Management
Multifamily property owners trust us to manage and optimize their properties because we understand how to sustain stable occupancy and increase cash flow. Our in-house team includes property managers, leasing agents, maintenance technicians, operations and regional managers, asset managers, marketers, and accountants.
Accounting
When you engage Roers Cos. for third-party management, you add a robust accounting department that handles payables and receivables, working closely with on-site managers to ensure each property’s financial information is accurately recorded, packaged, and delivered on time each month.
Compliance
Our compliance management team ensures all filings, forms, and procedures are completed for affordable housing properties to comply with requirements from municipalities and agencies.
Asset Management
We employ an owner’s mentality to increase profitability for each asset. Our knowledgeable team offers cash flow modeling and reporting, refinancing, sales support, tax and valuation management, insurance support, and capital expense management.
Lease-Ups
Our departments excel at filling new buildings — fast. By deploying proven marketing strategies and advertising tactics plus a dedicated team of lease-up specialists, Roers Cos. properties achieve stabilization twice as fast as the industry average.
Brand Development
The foundation of our lease-up success is creating a unique and irresistible brand for each community. Our marketing team works to understand each property’s position within the market to curate a comprehensive brand — including names, logos, and visual elements — that will attract future renters.
Case Study
Axel Apartments
Axle Apartments is a workforce-housing community priced below market rate to attract renters in the northern Twin Cities suburb of Fridley, Minnesota. At $51.5 million and 262 units, this project is Roers Cos. largest development to date. Construction was completed more than two months early, and leasing was completed a full 14 months ahead of proforma — making Axle Roers Cos. most successful project. Other highlights include:
- First community within the workforce housing category for Roers Companies
- Opened at ~95% leased in April 2022
- Includes alcove through three-bedroom apartments
- Averaged 57 new leases per month for the four months prior to opening, including up to 25 leases in a single week
