Property Management

Newbury Living has over 20 years of professional property management in affordable, workforce, conventional, luxury, and senior living. Newbury's strengths align with the two most common ways new property management is brought in: New construction lease-up and When things need a turnaround.

Newbury has strong lease-up expertise at all price points, and with highly developed budgeting and reporting methodology, has exceeded performance goals as a local partner for investment driven out-of-market owners throughout Iowa. Newbury has been highly recommended by state and local agencies to non-profit organizations when compliance, leasing, and deferred maintenance struggle to meet the critical needs of a community. With a highly-capable team of site staff, district support, and corporate expertise, Newbury Living has the plan and structure to step in quickly to get operations on the right path. With an experienced Development Team (link to Dev tab), Newbury can also find funding sources for critical re-development. In multifamily there will always be surprises. When they do, you need a trusted partner, with an all-hands-on deck approach. We are eager to discuss management partnership opportunities, for more information please contact Cole Taggart at ctaggart@newburyliving.com

Success Stories

Imperial & Grand Prix

Strategic Repositioning

Des Moines, Iowa

127 units that previously served as housing for DMU students. When the campus was moved in 2023, the properties had to be pivoted in order to maintain occupancy and revenue.

Some unit-level enhancements were made, along with extensive common space and amenity upgrades.

The property's revenue and occupancy have both re-stabilized and the property is obtaining even higher rental rates than before.

Woodland West

Multi-Entity Site

West Des Moines, Iowa

Woodland West was roughly 75% vacant when Newbury was asked to temporarily manage it on behalf of a receiver. 2 of the 4 buildings had been vacant for years and the other 2 had been renovated into condos with an HOA still in place, but struggling.

Newbury purchased the 2 vacant buildings and earned the on-going management business of the HOA.

A tax credit renovation was completed in only 7 months, and today the LIHTC property and HOA occupy one property in harmony.

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TEAK

Conventional Repositioning

Sioux Falls, South Dakota

Newbury purchased the property and quickly began overhauling everything visible and not. An on-site management team made worlds of difference, and over about 2 years, the property was brought from a C property to a B/B+ property after some exterior and interior renovations, the addition of a community building, and a parking lot overhaul.

Rebranded TEAK, with a refreshed appearance, and new amenities, we've been able to stabilize occupancy and drive significant rent increases.

Southeast Iowa Sites

Conventional Repositioning

Burlington, Keokuk, and Fort Madison, Iowa

An existing client of Newbury's had 5 properties in Southeast Iowa that had formerly been affordable, but that had come out of all of their programs and were struggling to stabilize.

Newbury took on management in August of 2022, with the overall occupancy at 66%.

We set forth on a mission to improve the quality top-to-bottom, with better staff, better services, better presence, and better quality turnovers.

When our management concluded in July 2024, the properties were at 91% occupancy overall, with strong staff in place, and much improved revenues.

Property Management

Success Stories

Development Inquiries