Property Management with a Signature
FPI is a privately owned, exclusive third party, multifamily property manager. FPI currently manages 70,000 units located in eleven states (Alaska, California, Colorado, Idaho, Montana, Nevada, New Mexico, Ohio, Oregon, Pennsylvania, Virginia, and Washington). The portfolio consists of 42,000 market rate and 28,000 affordable units.
FPI manages over 42,000 market rate units. These include established and newly constructed Class “A”, mid and high rise communities, as well as traditional two-story garden walk up properties, located in metropolitan, urban and suburban markets.
The FPI business culture is designed to deliver the highest possible customer service to all residents. As a destination management company, FPI has on-site leasing, administrative and maintenance staff that are considered the highest caliber in the industry. They are distinctive in their professionalism, and ability to deliver customer service for market rate communities.
FPI is savvy about the ever changing needs and desires of the demographic for market rate communities. FPI is consistently on the cutting edge of the newest technology in social networking and electronic accessibility to all our systems, for prospective and existing residents.
FPI has extensive experience in the marketing, lease-up of newly constructed apartment communities. FPI provides a deep resource for its clients in the development process, from initial underwriting and project design, to marketing and branding of the asset.
FPI currently provides management and compliance services for over 28,000 units developed through the LIHTC Section 42 program. FPI has been providing comprehensive property management service for LIHTC communities since 1990. FPI has built this portfolio through successful lease-ups and management of new construction and acquisition/rehab projects.
Strategic partnerships have been maintained with individual Developers, General Partners, Co-Managing General Partners and Limited Partners such as AIG SunAmerica, Lendlease, HUNT Companies, Aegon, Key Bank, and Edison.
Properties include senior and family developments in rural and urban locations in Alaska, California, Colorado, Montana, Nevada, Ohio, Oregon, Pennsylvania, Virginia, and Washington.
PROJECT BASED SECTION 8
FPI has been operating HUD insured programs, including Section 8, 236 and USDA, since 1968. A team of FPI Compliance Specialists are dedicated to billing, certification, training, and auditing for these properties.
FPI maintains memberships in the Affordable Housing Management Association of Northern California, Nevada, and Hawaii (AHMA-NCNH). FPI manages multiple projects having additional financing via HOME funds. FPI’s Compliance team is experienced in the requirements of this program, and monitors on-going compliance.
TAX EXEMPT GOVERNMENT PURPOSE BOND-FINANCED MULTIFAMILY
The majority of FPI’s portfolio of LIHTC properties includes Tax-Exempt Bond Financing. FPI is responsible for income-qualifying, compliance monitoring and reporting to respective agencies.