For Immediate Release
Drucker + Falk Expands Management Relationship with AHC Inc. DF to Oversee Four Additional Affordable Housing Communities
March 2022 – Newport News
AHC Inc., a highly regarded non-profit developer that provides quality, affordable housing, education programs, and social services for low- and moderate-income families in Virginia, Washington DC, and Maryland, has named Drucker + Falk managing agent of four communities with a combined 662 apartments. Drucker + Falk will assume management of Northern Virginia based Spectrum, Carousel Court, The Frederick, and Woodbury Park, with a focus on asset preservation, operating efficiencies, and most importantly, resident satisfaction and retention.
In announcing plans late last year to transition oversight of its portfolio to third party management, AHC Inc. Interim CEO Susan Cunningham said “Transitioning AHC Management services to third-party providers will enable us to provide our residents with the best-in-class service they deserve, while allowing us to focus on what we do best – developing much-needed affordable housing and building brighter futures for families in the place they call home. “We’re delighted to partner with Drucker + Falk, with whom we’ve worked with more than a decade.” AHC Inc. has developed more than 7,500 apartments across 50+ properties and its award-winning Resident Services program reaches more than 3,000 resident families annually. “We could not be more pleased and excited to expand the fine relationship we currently enjoy with AHC Inc. for whom we now manage 1,362 apartments, and where every day, we have the privilege of drawing on our experience and passion for what we do to provide residents living in AHC’s apartment communities with an exceptional living experience,” said Wendy Drucker, Managing Director at Drucker + Falk.
Added Sabrina Gendreau, Drucker + Falk Regional Property Manager overseeing AHC’s Virginia and Maryland properties, “across the portfolio, we’re delighted to work beside AHC Inc. staff in taking optimal care of the properties and the residents who live there, ensuring that these communities are among the most desired affordable housing options in the market.”
Founded in 1938, Drucker + Falk is a full-service real estate and investment firm, managing a diverse portfolio of more than 38,000 apartments in 11 states including Virginia, Maryland, North Carolina, South Carolina, Florida, Tennessee, Indiana, Kentucky, Ohio, Arkansas, and Louisiana. With roots in third party fee management, Drucker + Falk specializes in multifamily management of all asset types, new development construction consultation and lease up, urban revitalization, asset repositioning and stabilization of challenging properties, mixed use management and due diligence services. With more than 3 million square feet under management, Drucker + Falk also offers commercial sales, leasing and management services.
To obtain more information, please visit our website at www.druckerandfalk.com or contact Lisa Brewer, Business Development Director at firstname.lastname@example.org.
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