The Commercial Division of Woodmont Real Estate Services was hired for property and construction management by an investor who purchased this Santa Rosa building that was antiquated and had been empty for many years.
When Woodmont Real Estate Services took over the management assignment on this Mountain View apartment community it was suffering from deferred maintenance and a challenging resident profile.
Oak Creek Apartments is located in a mature, tree-lined and quiet residential neighborhood off the Sonoma Highway in Santa Rosa. Due to a considerable amount of deferred and mostly aesthetic maintenance that resulted in a substandard lifestyle experience, the property was experiencing a high resident turnover. The property was acquired by a private San Francisco-based investor who hired Woodmont Real Estate Services to oversee the asset’s renovation and improve the day-to-day management and profitability of the property.
A seasoned developer with substantial experience building single-family residential and commercial property developments, but without any ground-up apartment development experience, was interested in building a new Class A, mid-rise apartment building in downtown Santa Cruz. This market was previously untested for this product type. To ensure success, the developer hired Woodmont for their regional management expertise. Together, the team created a vibrant and profitable community that is still the benchmark for apartment communities in Santa Cruz.
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1050 Ralston Avenue
Belmont, CA 94002
Tel: 650 592 3960
1851 Heritage Lane, Ste. 230
Sacramento, CA 95815
Tel: 916 924 7587
3883 Airway Drive, Ste. 125
Santa Rosa, CA 95403
Tel: 707 569 0582
155 Westridge Drive
Watsonville, CA 95076
Tel: 831 288 8460