PMA Honors the Region’s Best Apartment Communities
Bethesda, MD: The Property Management Association honored the region’s most outstanding apartment communities at the Seventh Annual PMA Apartment Community Excellence Awards celebration, held October 19 at the North Bethesda Marriott Hotel & Conference Center in North Bethesda, MD.
According to PMA Executive Vice President Thomas B. Cohn, “PACE recognizes exceptional apartments and identifies communities that are passionate about providing stellar resident services and delivering unparalleled living experiences. PACE celebrates excellence in the management of apartment communities. PACE is the only awards program in the national capital region that evaluates apartment communities on their operating efficiencies and ability to deliver world-class customer service. Unlike many apartment award programs in other parts of the nation, PACE is not just a curb appeal contest or a program to honor as many communities as possible. Instead, PACE looks to recognize truly extraordinary properties that are the best of the best.”
The PACE Awards competition was open to all national capital area apartment communities. In 2017, more than 200 communities, serving as home to nearly 90,000 area residents, competed for PACE honors. Judges were experienced professionals with a combined 290 years of property management experience.
The Property Management Association established both categories and criteria for the PACE Awards to help assure apples-to-apples comparisons. Categories were based on community type and location as well as average monthly rent. In addition, the judges were given the latitude to present Judge’s Choice awards that could focus on technology integration, environmental sustainability (green) and recognizing excellence in management and resident service.
PACE’s weighted point evaluation system factored in resident services, amenities, community and marketing outreach, resident retention programs, operating efficiencies and community appearance. A minimum score of 95 out of 100 was required to even be considered for an award. Awards were presented to lease-ups, market rate, government-program housing (communities that receive favorable tax considerations for below market rate rents and/or communities where residents receive government assistance to help pay rent) and 55+ senior communities.
We are please to announce that The Vintage was honored with a 2017 PACE Award for distinguished community in the DC Lease Up category.
For more information about the PACE Awards and PMA, contact the Property Management Association, 7508 Wisconsin Avenue, 4th Floor, Bethesda, MD 20814; 301-657-9200, firstname.lastname@example.org, www.pma-dc.org, www.bestapartmentsindc.com.