Hirschfeld Management

Real Estate Development Firm, NYC

  • Property Management
  • Construction
  • Asset Management
  • Portfolio
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Best In Class
Property Management

60 Years of Industry Leading Performance

ABOUT OUR FIRM

Hirschfeld Management, Inc. (“Hirschfeld” or “HMI”) provides best in class property and asset management for multifamily residential communities, retail, office buildings, industrial, warehouse and mixed-use properties throughout the United States.  The firm also offers complete integrated construction management services.  During its 60 year history the firm has managed, leased and operated all major property types including multifamily, retail, office, industrial, hospitality, residential and medical/healthcare.

Hirschfeld has an unparalleled reputation for excellence and integrity that continues to grow with the company’s expanding activity. The company currently manages 2000 multifamily units, as well as office, industrial and retail assets, and has increased all major performance metrics for its portfolio every year for the past fifteen years. Across its portfolio, Hirschfeld has seen significant occupancy increases, lower tenant turnover, consistently reduced or tightly controlled operating expenses and rent growth that has outpaced the competition.

LET'S WORK TOGETHER

$2B

Total value of projects to date

2,500,000 sq. ft.

Currently under management

$455M

Currently under management

PROPERTY MANAGEMENT

All Hirschfeld managed assets have property management personnel on site to ensure that tenants’ needs are always satisfied. On-site property managers report to a regional property manager or Vice President and are empowered with P&L responsibility to run their assets as autonomous businesses for which they are fully accountable.

Hirschfeld’s philosophy is to operate all of the properties it manages at a very high standard while maintaining strong cost controls and budgetary discipline. The result is the HMI definition of value – outstanding operating benchmarks, delivering cost effective property maintenance and management at the highest possible standard.

Hirschfeld's best practices deliver these outstanding results:

Consistent revenue and NOI growth in every community we own and manage

Portfolio-wide average of 95% occupancy versus an industry average of 93.5%*

Ability to push rents to market levels and beyond

Resident retention rate of over 70% versus an industry average of 54%**

Targeted approach to collections, averaging 92%- 98%

MANAGEMENT -
COST EFFECTIVE APPROACH

  • Hirschfeld strictly monitors operating expenses and capital projects in order to minimize expenses without sacrificing quality
  • HMI clients benefit from economies of scale across the Hirschfeld portfolio and vendor/supplier network
  • Develop highly motivated property managers by empowering them with P&L responsibility while maintaining strict quality control and constantly evaluating operating performance
  • All service contracts are reviewed and negotiated annually ensuring all pricing is current and money is never left on the table

EMPLOYMENT -
"THE BEST OF THE BEST"

  • With a comprehensive recruitment program, Hirschfeld attracts top talent while reducing employee turnover and training costs
  • Hirschfeld offers an industry-leading benefits package: 401k, health insurance, rental discounts, comprehensive PTO package, sponsored educational opportunities, and other benefits
  • Use of incentive/performance based salary increases and bonuses rather than simple “cost-of-living” adjustments

MARKETING -
ROBUST INTERNAL PLATFORM SUPPORTS THE MISSION

  • Hirschfeld’s proprietary leasing and marketing strategy enables the properties it manages to earn enhanced returns in the markets in which they are located
  • Comprehensive marketing and advertising campaigns in multiple media formats enhance and increase awareness of the Hirschfeld brand, its high quality apartment homes, and outstanding service
  • Intense and expert utilization of social media and internet listing services to maximize and optimize internet search results (SEO) and drive traffic
  • Hirschfeld utilizes a wide-reaching networking strategy with top regional employers, schools, and military bases to attract prospective residents and offers special rental rates to military, police, fire and certain other large employers
  • Hirschfeld’s proprietary leasing and marketing strategy enables the properties it manages to earn enhanced returns in the markets in which they are located
  • Comprehensive marketing and advertising campaigns in multiple media formats enhance and increase awareness of the Hirschfeld brand, its high quality apartment homes, and outstanding service
  • Intense and expert utilization of social media and internet listing services to maximize and optimize internet search results (SEO) and drive traffic
  • Hirschfeld utilizes a wide-reaching networking strategy with top regional employers, schools, and military bases to attract prospective residents and offers special rental rates to military, police, fire and certain other large employers

TECHNOLOGY -
TECH FOCUSED APPROACH DRIVES RETURNS

DIVERSIFIED
COMMERCIAL CONSTRUCTION

Hirschfeld Building Construction Company, Inc. is a diversified commercial construction company engaged in the planning, design, and construction of multifamily apartments, shopping centers, office buildings, condominiums, hotels, and industrial facilities. The firm acts as both General Contractor and Construction Manager for Hirschfeld Properties and its affiliates.

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ASSET MANAGEMENT,
ACCOUNTING & REPORTING

Hirschfeld’s Asset Management, Accounting and Reporting constantly monitors strategic and operational decisions made at the property level. HMI optimizes property performance through meticulous analysis and financial forecasting. Hirschfeld aims to enhance the value of the assets by identifying opportunities for growth, mitigating risks, and ensuring alignment with the business’s overall objectives. Our sophisticated reporting encompasses systematic compilation analysis, as well as communication of financial and operational performance. We ensure the highest level of transparency and accountability, facilitating informed discussions with ownership and actions to drive the business forward.

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HIRSCHFELD'S ACTION PLAN -
Path to Increased NOI

When Hirschfeld assumes the management of a property, it undertakes a multifaceted strategy to generate the best possible returns for its clients and partners, while providing a high quality of life for its residents. The result is cost-effective property management and a more attractive and competitive apartment community.

Comprehensive Strategy for Outsized Returns

Enhance Curb Appeal

Evaluate the effectiveness of cosmetic capital improvements, including signage, landscaping, and building exteriors to increase curb appeal and raise lease application volume

Rental Pricing

Implement market-leading pricing strategies and staff training to push rents to maximum profitability and maintain optimal occupancy

Marketing

Begin a comprehensive marketing program to make each marketing dollar work and target the new audience

Expense Auditing

Audit operating expenses, renegotiate existing service contracts and create a program to reduce the overall operating budget

REQUEST FOR PROPOSAL

CORPORATE OFFICE

Hirschfeld Management, Inc.

950 Third Avenue
28th Floor
New York, NY 10022
212-218-4666

CONTACT US

Over 60 Years of Real Estate Development, Management, & Building Construction Experience.

© Hirschfeld Management Inc. All Rights Reserved.
  • Property Management
  • Asset Management
  • Portfolio
  • Contact Us