Property managers
Drucker + Falk
Drucker + Falk is a multifamily management, commercial real estate and investment firm. It provides third-party management of apartment communities and commercial property along with brokerage and investment work, and traces to 1938, when its two founders established a real estate and insurance partnership seeded with $100, a typewriter and one part-time associate.
The firm manages over 43,000 apartment homes and properties in 7 states across the Midwest, Mid-Atlantic and Southern U.S., and employs 1,100 people. Its corporate headquarters is at 11824 Fishing Point Dr Suite A in Newport News, Virginia, with offices listed in Charlotte and Wilmington, North Carolina and Virginia Beach, Virginia. New business development runs on 757-928-6200 and residents have a 24/7 Customer Cares line on (877) 385-1878.
Case studies describe lease-up work on new development: on one 153-unit mixed-use community in downtown Cary, North Carolina, the firm reports stabilized occupancy within a year of the first certificate of occupancy and market rents up an average of $125, or 5.4%, during the leasing period, with fewer concessions than projected. The firm says it is recognized among NMHC's Top 50 Management Companies and that its team's average tenure is 10 years. Leadership hold CPM, CAPS, CAM and HCCP designations and real estate brokers' licenses in North Carolina, South Carolina, Georgia, Florida and Virginia.
Fees, minimum portfolio size and the specific list of states covered are not published. Confirm coverage and the management fee directly on 757-245-1541 or at info@druckerandfalk.com.
Best for
Owners and developers of apartment communities or commercial property in the Mid-Atlantic and Southeast who want a third-party manager with a large operating platform, including new-construction lease-ups and value-add repositioning.
What they do
- Third-party multifamily property management
- Commercial property management
- New-construction lease-up and marketing
- Value-add repositioning and renovation management
- Commercial real estate brokerage
- Real estate investment
- New business development for owners
Details
| Attribute | Value |
|---|---|
| Founded | 1938 |
| Team size | 1,000+ employees |
| Other offices | Newport News, VA, Charlotte, NC, Virginia Beach, VA, Wilmington, NC |
What stands out
- Manages over 43,000 apartment homes and properties in 7 states.
- Employs 1,100 people and reports an average team tenure of 10 years.
- Founded in 1938 and in business for more than 88 years.
- Listed among NMHC's Top 50 Management Companies.
- On a 153-unit mixed-use lease-up in Cary, NC, reports stabilized occupancy within a year of first CO and market rents up an average of $125, or 5.4%.