Pinnacle Expands Into the Midwest; Office Was Strategic Objective, Says Kevin Charcut

Kansas City, Mo–Pinnacle has opened a new office in Kansas City, Mo. The new office is the headquarters for the Great Plains region, which includes Missouri, Nebraska, Kansas, Colorado, Wyoming and southern Iowa. The regional office is strategically located to offer enhanced service and access to Pinnacle’s growing resident and client base.

“The addition of our Kansas City regional office complements and strengthens our existing Midwest management platform,” says Central Region President Kin Oldham, “Pinnacle has made a substantial investment in Kansas City which will enhance the management experience we deliver for our existing regional clients and will serve as a catalyst for future fee management growth in Kansas City and beyond.”

Pinnacle Regional Vice President, Kevin Charcut will oversee operations along with Regional President Kin Oldham. Charcut, a Certified Property Manager (CPM) candidate, was promoted to Regional Vice President in 2009. He joined Pinnacle in 2004 as an Investment Manager in Minnesota winning several awards including top industry honors when the National Association of Home Builders named him 2008 NAHB Pillars of the Industry Regional Manager of the Year.

Charcut answers a few questions about the why the company decided to open the office now and his plans for it.

Why did Pinnacle decide to open the office at this time when most companies are cost cutting?

Charcut: This creation of an office in Kansas City has been a strategic objective of our leadership team for several years. The office will address the immediate needs of our existing regional client base and will serve as a catalyst for future fee management growth in the region. Pinnacle has relationships with dozens of institutional clients. Many of them have a presence in Kansas City and have asked us to take a more active, “brick and mortar” presence in the area based on their experience with Pinnacle in other markets throughout the country. Pinnacle is a privately held company that is essentially debt-free which is allowing for growth domestically and internationally.

What are your immediate, as well as long term plans for this office?

Charcut: My immediate focus is to enhance the performance of our existing portfolio and solidify the region, which is relatively expansive including Kansas, Missouri, Nebraska, Iowa, Colorado and Wyoming. Another immediate focus is to upgrade and expand the talent level we have within the region to position us for our growth expectations in 2010 and beyond.

Long-term plans include expanding and elevating the quality of our regional portfolio such that we increase the percentage of conventional units under management. Pinnacle manages all asset classes, however multifamily dominates our portfolio in this region and I would like to diversify our assets under management beyond multifamily.

Pinnacle has a brilliant platform and national buying power that few if any other companies can compete with. There are many compelling reasons to do business with our company and I welcome the opportunity to have a dialog with those that are not familiar with our services. There are few national players that have a large presence in Kansas City, which we see as a competitive advantage.