Jersey City, N.J.—Stacie Brach, a district property manager with Interstate Realty Management (IRM), has been named the 2013 Regional Property Manager of the Year by The National Association of Home Builders. One of NAHB’s prestigious Pillars of the Industry awards, this national award recognizes superior achievement and creative leadership in the multifamily industry.
Brach’s portfolio comprises 26 properties throughout California and Nevada, as well as Interstate Realty Management’s first property management effort in the state of Hawaii, The Towers of Kuhio Park.
In selecting Stacie Brach for this award, NAHB lauded Stacie’s management of Kuhio Park during its 2012 full-scale transformation from a failing public housing development to vibrant, well-managed, mixed-income community. In 2011, The Michaels Organization, in partnership with the Hawaii Public Housing Authority, began revitalizing the public housing community, formerly known as Kuhio Park Terrace. This $135 million rehabilitation involved both exterior improvements, structural updates to the building systems, and interior renovations to each of the Towers’ 555 units. Despite the logistical challenges involved in rehabilitating two, fully occupied 16- story high-rises, Brach’s management enabled 96 percent of the families to remain on-site and the renovation was completed ahead of schedule.
In addition, NAHB noted that Brach’s entire portfolio enjoys impressive operating incomes and high occupancy rates.