Crest View Apartments
Catalyst Multifamily took over management responsibilities of the property in May 2014. Crest View had significant deferred maintenance that required attention including roofs and siding and several months before closing four units were damaged from a fire. Catalyst's experience with capital projects allowed us to craft a renovation plan that cured the deferred maintenance, improved the unit interiors, amenities and curb appear all while satisfying the lender’s needs. Catalyst Multifamily Management was able to increase rental rates by $90 property wide during the first 12 months.