February 5, 2020 (Newport News, VA) – Drucker + Falk, one of the nation’s most prominent multifamily management companies, is starting off 2020 by picking up where it left off in 2019, realizing staggering growth to their multifamily management portfolio. Expansion into new territories, significant investments in both Virginia and North Carolina projects, multiple local awards and designations received by employees, individual communities, and national honors to the company as a whole are among the firm’s most impressive highlights over the last year.
In 2019, Drucker + Falk assumed management of over 7,000 apartment homes growing the company’s management portfolio by 24% to nearly 40,000 apartment homes across twelve states. With over 3,000 of these newly managed apartment homes being located in Ohio, Drucker + Falk opened their fifth regional office in Columbus. The company is currently in the final stages of opening an office in Charlotte, North Carolina to further support the company’s expanding portfolio.
Another highlight for 2019 included the start of development for HELIX, an urban mixed use community in Summit Pointe, which Drucker + Falk was selected to oversee leasing and property management for in 2020. The company additionally made two investments in ground up projects taking place in Richmond, Virginia and Boone, North Carolina.
Now employing more than 1,000 people, Drucker + Falk is extremely proud to have made Multifamily Leadership’s “Best Places to Work in Multifamily” list for the fourth year in a row and to have won the National SatisFacts Resident Satisfaction Company Award. Over the course of twelve months, several employees received national accreditations, association appointments, and honors in their local market. Individual communities took home local and state-wide apartment association awards and 25 individual Drucker + Falk properties were named Insite® Award winners. “I couldn’t be prouder of the company’s success in 2019 and am looking forward to what 2020 has in store for us as we continue to assert our position as the multifamily resource for investors and developers,” said Jim Ledbetter, President and Chief Operating Officer for Drucker + Falk.
About Drucker + Falk
Founded in 1938, Drucker + Falk is a full-service real estate and investment firm managing a diverse portfolio of nearly 40,000 apartment homes and approximately 3,000,000 square feet of office, retail and industrial space in twelve states. In addition to managing a broad range of properties, including class A+ to affordable apartment communities, mixed-use and all types of commercial properties, Drucker + Falk offers commercial leasing and sales services and partners with clients on developing new properties, renovating and repositioning assets, converting historic properties to unique, upscale apartment homes. For more information visit Drucker + Falk.
