Condominium Concepts Management awarded exclusive management for upscale Buckhead properties

Atlanta-based Condominium Concepts Management has evolved to one of the leading property management firms in the Southeast and was recently named managing agent for the prestigious 05 Buckhead rental and 13.5-acre Buckhead Place. End Quote

We knew that the firm understood the required level of experience and were capable of crafting a customized leasing and management team with ‘out of t

Atlanta, GA (1888PressRelease) June 01, 2009 - Superior service, hands on management and a pragmatic, yet innovative approach to property management has lead Condominium Concepts Management to a path of success in the Southeastern US market. Founded in 2000, as First Communities Realty, specializing in the conversion of rental apartment communities to “for sale” condominiums in the Atlanta market, the firm under the guidance of CEO Darlys Walker has evolved into one of the leading firms for both apartment owners and condominium associations in the region, with more than 13,000 units currently under management.

The property management entity for rental communities operates under the DBA of Community Concepts Management, and was most recently the firm selected by Coro Realty Advisors, LLC as the management agent for the highly visible, luxury “white glove” rental, 05 Buckhead.

As one of Coro Realty Advisors’ newest communities, 05 Buckhead is a state-of-the-art, 20-story high-end luxury rental in the heart of Buckhead. Pre-leasing of the 155 units began in February, with the Grand Opening on May 7th. “This building is a huge departure from the typical Atlanta rental community. With rental rates starting in the $2 per foot range, the resident profile is an affluent, sophisticated and savvy individual or couple. Their needs are diverse, as are their expectations as it relates not only to the product, but services,” Walker noted. “To date, we are well ahead of our occupancy projections, and our full service staff has been specifically trained to respond to the needs and demands of this discerning clientele.”

Patti Pearlberg, Vice President and Asset Manager for Coro Realty Advisors, LLC, expanded on Community Concepts management services and involvement with 05 Buckhead. “I have known Darlys Walker for years, and was aware of organization’s background in multi-family management. However, when we were seeking a management team for 05 Buckhead, there was really not a local property management company that had the experience in providing the level of services we were seeking for this property, as our product was really something new and different in the marketplace. Our services are on the level of a luxury condominium,” she emphasized.

“We approached Darlys Walker and the Condominium Concepts Management team, and asked if they would take on the challenge of 05 Buckhead and ultimately, the entire 13.5-acre Buckhead Place. We knew that the firm understood the required level of experience and were capable of crafting a customized leasing and management team with ‘out of the box’ thinking and services,” continued Pearlberg. “I recognized that their management experience had incorporated mixed use properties, and they understood the needs of all the mixed use components, which was essential to our needs. We wanted one management company to handle not only the luxury rental component, but the office, restaurant, hotel and retail portions as well. They have met the challenge and put together an incredibly smart and effective team.”

According to Ms. Walker, it is the firm’s ability to adapt the ever-changing market coupled with their thorough due diligence on a property that has enabled this unprecedented growth and increased stature in the industry. “We do our homework, prior to submitting a proposal for services. We visit the property, assess their current situation, review all the financials and truly understand the personality of the property and ownership – whether it be a rental property or a homeowners association,” she stated. “We then put together a team that best reflects that personality and has the skill set and experience to achieve their goals. We would rather under promise and over deliver, thus exceeding all expectations.”

When asked about the “point of difference,” Ms. Walker explained. “Our management style and ability to provide accurate and timely financial reporting as well as our commitment to responsiveness set us far ahead of our competition. Many claim it, but we demonstrate it, time and time again,” she noted. “As an example, we fully understand the goal of maximizing income while minimizing expenses and simultaneously, aggressively working on collections of delinquent accounts with HOA’s. While many of our competitors just turn them over to attorneys for collection, we exhaust every avenue prior to incurring additional legal fees.”

She continued by saying that Condominium Concepts truly serves two masters on every community, one the property owner/developer and the resident/homeowner. “If we are not equally responsive to both, we are not doing our job.”

When asked about goals for the future, Ms. Walker noted that Condominium Concepts is well positioned to continue accelerated growth throughout the Southeast. “We have a strong management team headed up by key individuals that have joined us over the years from Florida, Tennessee and South Carolina, as well as the Atlanta market. They all have excellent credentials and solid management expertise in key cities, and are keenly aware of the nuances that define each market.” She stated. “This superior team combines with our continually evolving management practices and programs, designed to address ever-changing market conditions, allowing us to stay ahead of our competition.”

As part of the forward thinking approach, Condominium Concepts Management has formed an alliance with The Marketing Directors, LLC of Atlanta to provide comprehensive sales and leasing programs for developers. “This innovative collaboration provides a condominium developer an exit strategy for their properties in this current market environment; it enhances both their sales and the fallback leasing scenario,” she explained. “We have worked with the team of David Tufts and Betty Harbourt since our inception and feel that their market knowledge, client services and professional staff are a tremendous asset to the successful completion of projects at this time.”

Ms. Walker continued by saying that Condominium Concepts currently has a wide range of properties, as small as 16-units up to 600 units and large mixed use properties. “We can adapt our services to meet the needs of any owner or condominium association; we pride ourselves in being able to deliver excellence on every level to all of our clients.”

Atlanta-based Condominium Concepts Management is located at 1200 Lake Hearn Drive, Suite 150, Atlanta, GA, 30319 and also has offices in Orlando at 4767 New Broad Street, Orlando, FL 32815. For more information on Condominium Concepts Management and their full range of service, call (404) 917-0600 or visit the web site at www.condominiumconcepts.com.

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