Owner – Operator Case Study: Wood Partners

Radix

Radix

wood partners logo 300x78 1 1 1

Share This Post

Wood Partners goes beyond giving people a better place to live: distinctive communities of lasting value are created, a solid return for investors is delivered, and a culture of respect and empowerment is forged for its employees. Wood Residential Services, the in-house division of Wood Partners specializing in property management, highlights a unique aspect of the company’s culture: its desire to continually improve.

 

Executive Summary:

Part of the core culture at Wood is empowering associates to act as owner-operators and achieve maximum results. The ability to quickly and easily analyze competitive data directly impacts associates’ ability to make timely and meaningful decisions about their property’s performance. In analyzing the various platforms and methodologies used throughout the organization for gathering competitive data, it became apparent that there were significant challenges with ease-of-use and time spent gathering data, as well as a fragmented ability to export and marry data with internal systems. A better solution was needed.

 

BI:Radix was selected as the next-level market survey platform of choice for many of the company’s properties; through their ability to automate the process and present reporting in a simplified dashboard, Wood has seen enormous benefit:

About the author

More To Explore

RAOT Blog Thumbnail Week of November th
Research

Rent and Operating Trends – Week of November 26th 2023

It was a fairly quiet week in the U.S. economy as the Thanksgiving holiday limited data releases last week. Existing trends continued from the prior week as the 10-year treasury continued to drift lower. The yield on the 10-year is now 4.42%, nearly 60 basis points below its recent peak in mid-October.

Chart of the Week Blog November th
Research

Chart of The Week – November 27th 2023

This week we examine the top and bottom performing markets on a net effective rent basis. We have talked a lot about the markets that are both outperforming and underperforming in the previous charts of the week and rent and operating trends report, yet a key distinction that continues to hold true is the severity of the declines in the worst performing markets compared to the modest gains in the best performing markets.