707 Property Management, LLC was founded in 2007 to manage the multifamily portfolio of the Company's owner. After employing numerous third party property management firms, the owner concluded that no third party management company manages others' properties like their own. Since 2008, 707 Property Management, LLC has managed multifamily communities for others with the same attention and intensity as its own properties.
Prior to the credit crunch and the resulting property market crash in 2007 and 2008, 707 Property Management, LLC focused its attention on acquisition, renovation and repositioning of communities financed with tax exempt multifamily housing revenue bonds, low income housing tax credits and other forms of public/private funds. Since 2007, 707 Property Management, LLC has redirected its focus to communities in receivership, foreclosure and in need of repositioning and financial restructuring. The same rigorous analysis and intensity of execution are applied to all special situations.