History

Vertically Integrated Platform: Experience-based Property Redevelopment

Over the years, Concierge, as a long-term, counter-cyclical investor, has developed a vertically integrated property management and redevelopment platform.

Concierge's competitive advantages were developed during 40 years of property transformation experiences in markets far more overbuilt and challenging than what most property managers are facing today.

Its experienced-based team is more than 350 strong and poised to take on new business.

Concierge has counter-cyclically targeted and acquired over 35,000 apartments in overbuilt markets (its team members have managed over 150,000 apartments) and has skillfully redeveloped them into often robustly performing assets.

Priceless Ingredients: Trial and Error

"Drever is both a market timer and a bargain hunter."

— Forbes Magazine

The Concierge team buys "problems."

However, for 40 years, each new redevelopment of an apartment project seems to have benefited from the last because Concierge:

Acquires the same types of properties.
Is continually refining its property transformations with the priceless ingredients of trial and error.

The bottom line: While it requires far more expertise to cost-effectively redevelop a "problem" apartment community than to develop a new one, when coupled with a lower cost basis, Concierge's redevelopments have proven to be both safer and more profitable.