The inside on outsourcing
Spring, Texas, just 20 miles north of Houston, climbed to 93.9 percent from 87.2 percent after two months on the Marketing Watch List.
On the grow
In a rapidly consolidating industry, Riverstone Residential's closest competitors are independently-owned fee managers Greystar, which rose to the fifth spot on the NMHC's top-50 list this year after gaining 42,000 units in the acquisition of JPI Management Services, and Pinnacle, at the top of list with 185,219 managed units.
Portmann believes what sets Riverstone and CAS Partners apart from its competitors is the company's solitary focus on third-party multifamily management and outsourcing an array of business services to save its clients money and drive NOI.
"We just launched 19 process teams, and we have over 85 people dedicated to working on business processing engineering because our intention is to be the world-class producer of third-party property management. In that strategic direction, it's been a huge investment of time and resource for us," said Portman.
"I have been fortunate to have had the Stream experience for seven years, and really what Stream was, was outsourcing, just outsourcing a different business service. Now I'm blessed to have the opportunity to pursue a
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