Property managers
Mission Rock Residential
Mission Rock Residential is a third-party multifamily property management company working for institutional and private owners. It manages all classes of conventional apartment communities, plus affordable and tax credit communities, new build lease-ups, value-add renovations, 55+ housing, and troubled asset resolution.
The company is organised around regional operating hubs rather than one central office, which it says keeps responses to clients and residents local. Service teams cover accounting and reporting, ongoing and preventative maintenance, human resources, payroll and recruiting, affordable and tax credit compliance, revenue management and lease parameter review, market and competitor benchmarking, marketing and online reputation management, construction and renovation oversight, capital expense planning, training, and operational transitions. The technology platform is Yardi.
Mission Rock was formed in 2012 and manages over 35,000 apartment homes across 17 states - Arizona, Colorado, Florida, Georgia, North Carolina, Kansas, Maryland, Missouri, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah, Virginia, and Washington, with California handled through its affiliate MRR California, Inc. Its executive management team has more than 325 years of combined multifamily experience, and the firm holds the Institute of Real Estate Management's accreditation for property management firms.
The company was named number three in the nation in the 2023 Best Places to Work Multifamily rankings, having also been named in 2020, and won an NAA Best Places to Work award in 2021. Management fees and minimum portfolio size are not published, and the head office is at 1355 S. Colorado Blvd, Suite C-710, Denver, Colorado.
Best for
Owners of conventional, affordable, tax credit, lease-up, or 55+ apartment communities in the Mountain West, Sun Belt, and Pacific Northwest who want a third-party manager, including on troubled assets.
What they do
- Third-party management of conventional apartment communities
- Affordable and tax credit housing management and compliance
- New construction lease-ups
- Value-add renovation management
- 55+ housing management
- Troubled asset resolution
- Accounting and owner reporting
- Revenue management and market benchmarking
- Marketing, SEO, and online reputation management
- Construction and capital expense management
- Maintenance programmes
- Recruiting, onboarding, and staff training
Details
| Attribute | Value |
|---|---|
| Founded | 2012 |
| Memberships | Institute of Real Estate Management accredited management firm |
What stands out
- Formed in 2012 and manages over 35,000 apartment homes.
- Operates across 17 states, with California handled through the affiliate MRR California, Inc.
- Holds the Institute of Real Estate Management's accreditation for property management firms.
- Named number three in the nation in the 2023 Best Places to Work Multifamily rankings, and also named in 2020.
- Won an NAA Best Places to Work award in 2021.
- Executive management team has more than 325 years of combined multifamily experience.
- Structured around regional operating hubs rather than a single central office.