"Over the past year, we've bought more assets," Paneralcomments. "With that expansion in our portfolio, we thought itwould be better to bring operations in house."

Paneral came to Concierge a year ago from Alliance Residential.Her job since then involved building the appropriate softwareinfrastructure and platform to efficiently manage Concierge'sportfolio, which contains properties in California and Texas. "Withthird-party management, you don't necessarily have the policies andprocedures or software in place to run things in house," Paneralcomments.

Concierge, headquartered jointly in Tiburon, CA and Houstonrecently bought the 320-unit El Dorado Ranch in Webster, TX. In aninterview withGlobeSt.com at the time, company CEO Ted Kerr indicated thecurrent environment is a good one for Concierge to continueacquiring and repositioning class B and C distressed assets.