Strengthen multifamily operations

Multifamily operations can be viewed in four levels: maintaining, stabilizing, improving, and growing. Maintaining operations often takes place with the on-site team, comprising the day-to-day tasks of upholding standards and servicing residents. Stabilizing operations requires building resilience to withstand team member turnover and other unplanned complications. When a property is stable, time is created to seek and uncover opportunities needed to improve operations. Growing a portfolio is more than finding great assets to purchase; it is building bench strength to absorb new properties without upsetting the stability of current assets.

Regional leadership is in a position to both stabilize and improve operations, yet there are multiple barriers in the way of advancing to these levels. Synergy between operations, corporate support, and asset management is needed to effectively navigate through this market cycle.

The industry has plenty of training to teach how to maintain day-to-day operations; 7degrees goes beyond that, breaking path dependencies and broadening perspectives to build resiliency and a foundation for growth.