Cottonwood Residential, a fully integrated multifamily real estate investment company based in Salt Lake City, Utah, was recently recognized in the National Multifamily Housing Council’s authoritative ranking of the top 50 largest apartment managers. Cottonwood ranked 49th on the NMHC list with its total unit count of 27,711.
“Our goal was never to be bigger, but always to be better. We foster a yes attitude with our residents, investors and teams. I’m pleased that this optimism and professionalism has spilled over into benefits of scale,” remarked Chad Christensen, President and Chairman.
According to Debra Spohn, Senior Vice President of Property Management, “Cottonwood’s scale is beneficial to residents and owners because we can provide streamlined services and additional cost-savings benefits. We’re also able to pass along savings in areas such as insurance, communications, general vendor accounts and tax appeal costs.”
Cottonwood Residential, formerly known as Cottonwood Capital, was launched in 2004 with a business plan to acquire well located multifamily garden-style complexes in what were considered the growth states for both jobs and population (western, mountain, southwestern, and southeastern states). Since that time, the firm has remained focused on buying multifamily in the right locations, always infill where new product will not be a real threat to property viability.