McLEAN, Va.–(BUSINESS WIRE)–Jefferson Apartment Group (JAG) has earned the Multi-Housing News (MHN) Silver Award for Development Company of the Year in the organization’s 17th Annual Excellence Awards.
“We are honored to receive this national recognition from Multi-Housing News,” said JAG Chief Executive Officer Jim Butz. “We’re in good company among this year’s honorees and congratulate all the winners.”
The MHN 2023 Excellence Awards were presented based on accomplishments in 2022 that demonstrated excellence in multifamily, including sound development practices, a solid business plan with strong financial decision-making, and a positive influence on the locations where development occurred. In addition, judges looked for companies that reflected innovation, creativity and efficiency in their work.
JAG’s accomplishments in 2022 included:
- Closing more and larger deals across multiple markets to include two sales, eight active construction projects, and three land closings – despite economic headwinds.
- Opening a new regional office in Charlotte, N.C., to fuel expansion.
- Closing over $1B in production and transactions.
- Growing its third-party property management business – JAG Management Company – by 16 percent over the previous year.
MHN reported receiving a record number of entries this year. Gold, silver and bronze awards were presented in each category on November 30.
JAG was founded in 2009 and has a current portfolio valuing $3 billion. For more information about Jefferson Apartment Group, visit jeffersonapartmentgroup.com.
About Jefferson Apartment Group
Jefferson Apartment Group is a full-service real estate firm specializing in luxury multifamily and mixed-use real estate investments on the East Coast, from acquisition and development through construction and property management services. Headquartered in McLean, Virginia in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte and Orlando. The firm is committed to creating and managing communities that are high quality, innovative and environmentally responsible. Learn more at jeffersonapartmentgroup.com.
About JAG Management Company
JAG Management Company provides professional property management services for both Jefferson Apartment Group owned assets, as well as third-party owned communities on the East Coast. Headquartered in McLean, Virginia in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte, and Orlando. The firm is committed to top-tier customer care for their residents and managing multifamily and mixed-use communities for long-term success. JAG Management Company’s guiding principles are management by fact, integrity, respect for people, and continuous improvement. Learn more at JAG Management Company.