X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COSTA MESA, CA-PEAK Real Estate Management Group property management has landed a new property management assignment for a portfolio of 90 apartment properties in San Diego County that are owned by San Diego-based Hoban Property Management Co., according to the two firms. PEAK president and CEO Patrick Antrim says that the new arrangement represents a strategic alliance with Hoban for property management services at the 90 properties, which total more than 3,000 units.

Antrim, commenting on the “unprecedented economic times” that property owners now face, observes that property management—always something that owners need to keep their eyes on–has come to the fore now more than ever for a variety of reasons associated with the downturn and the difficult operating conditions that it has produced. “More tenants are delinquent, utility costs are rising, credit is compressed and cap rates are headed in the wrong direction,” he says. Owners are looking to property managers to improve operational and financial performance, he adds.

Before PEAK, Antrim honed his real estate skills first with Orange County real estate leader George Argryos, and later as senior vice president of Asset Management for CORE Realty Holdings, where he managed more than $1.1 billion in assets. In addition, Antrim is a retired shortstop in the New York Yankees organization.

Thomas Hoban, founder of Hoban Property Management Co., says that his aim in partnering with Costa Mesa-based PEAK is to enhance cash flow, retain tenants and contain costs, which he describes as “vital initiatives during these challenging times.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.