How to Manage Affordable Housing

The portfolio has 48 properties totaling more than 4,000 units.

LOS ANGELES—Los Angeles-based Highridge Costa Investors has tapped WinnResidential, a subsidiary of WinnCompanies, to manage a 48-property affordable housing portfolio across the State of California. The portfolio has a total of 4,420 units located in Los Angeles, Bakersfield, Fresno, Merced, San Jose, San Francisco and Sacramento. WinnResidential, a specialist in the affordable niche, is taking over management from two other property management companies that previously managed the portfolio.

“HCI has been an owner of affordable housing for many years and it takes very good care of its portfolio, and they take pride in what they do,” Jim Aliberti, SVP and leader of the Western portfolio for WinnResidential, tells GlobeSt.com. “We are the largest provider of affordable housing management in the country, and so this is really a perfect marriage. We keep the properties in top-notch condition—that is a main goal with the company—but we are also very concerned with residents. It is about customer service and that the tenants understand that they are our main concern, which they are.”