WASHINGTON, D.C. (October 7, 2014) - Hanley Wood, the premier information, media, event, and strategic marketing services company serving the residential, commercial design, and construction industries, is pleased to announce the winners of its 2014 Multifamily Executive Awards. Two executives and 28 project winners were honored at a special event held during the 2014 Multifamily Executive Conference, which took place September 22–24 in Las Vegas.
Each year, multifamily executive honors the industry’s best and brightest with its prestigious MFE Awards competition. Winning projects, leaders, and initiatives are featured in the September and October issues of MFE and on www.multifamilyexecutive.com.
Bruce Ward, chairman and CEO of Alliance Residential Company in Phoenix, was honored as the 2014 MFE Executive of the Year. Ward has built Alliance Residential into one of the most respected companies in the industry. Alliance was the most prolific multifamily developer this year, placing first on MFE’s Top 25 Developers rankings, and also cracked the NMHC’s Top 50 Owners list. Under Ward’s leadership, Alliance grew into property management, as well, during the recent recession, going from the 15th-largest manager in the nation in 2008 to the ninth-largest in 2013, with 11 percent portfolio growth last year.
“Bruce Ward has positioned Alliance Residential as a model for other multifamily firms to emulate,” said Jerry Ascierto, editor-in-chief of multifamily executive. “It wasn’t just that Alliance grew its owned and third-party management portfolios, or that it was the top developer this year. It wasn’t just that Alliance was opportunistic during the recession, buying broken condo deals and nonperforming notes. And it wasn’t just Ward’s stature and involvement in the industry: It was all of those things, taken together, that made Bruce Ward our 2014 Executive of the Year.”
Chris Herman, formerly a vice president of multifamily housing for Balfour Beatty Construction, was honored as the 2014 MFE Rising Star. Herman, a trained architect, took the reins of an ambitious growth plan for Balfour Beatty in 2011 to generate $50 million in business the following year. By the end of 2012, he had doubled down on that goal, generating $108 million in new multifamily business in the Charlotte market. Herman then expanded his efforts into Nashville and Atlanta and, in 2013, he closed over $300 million in revenue.
The 2014 MFE Editors’ Choice Award was presented to Jefferson Apartment Group (JAG) for its Arlington 360 Project in Arlington, Massachusetts. The development of 164 market-rate and affordable rental units, 30 townhomes, and a 90-bed assisted-living facility was built on the site of a former hospital. It was the culmination of a 12-year process that saw the land change hands three times due to bankruptcies and loan defaults. Finally, in 2011, JAG bought the loan from the construction lender and got to work. The land’s steep grade and strict conservation requirements presented challenges, but those initial obstacles allowed for some of the project’s biggest assets: 11 acres of green space and spectacular views of the Boston skyline. An extensive bedrock-blasting process helped mitigate the hurdles posed by the hillside. The apartment buildings are situated in a radial configuration and shrink as they move down the slope, scaling down as they reach the broader neighborhood, with townhomes along the perimeter. The site emphasizes outdoor recreational space, with two large parks, walking trails, a playground, and a community garden.
The rest of the 2014 Multifamily Executive Award winners:
|Community Service AwardGRAND AWARD|
|Best Marketing & AdvertisingGRAND AWARD|
|Best Use of TechnologyGRAND AWARD|
|Best Adaptive-Reuse Project GRAND AWARD|
|Best Affordable Housing ProjectGRAND AWARD|
|Best Apartment RenovationGRAND AWARD|
|Best Green HousingGRAND AWARD|
|Best High-Rise ApartmentGRAND AWARD|
|Best Low-Rise Walk-UpGRAND AWARD|
|Best Mid-Rise Apartment (7 to 11 Stories)GRAND AWARD|
|Best Mid-Rise Podium or WrapGRAND AWARD|
|Best Mixed-Income ProjectGRAND AWARD|
|Best Senior Housing ProjectGRAND AWARD|
|Best Student Housing ProjectGRAND AWARD|
|Best Reuse of LandGRAND AWARD|
About Hanley Wood
Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design, and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters, and websites; marquee trade shows and executive events; and strategic marketing solutions. To learn more, visit www.hanleywood.com.