Multifamily industry leader establishes physical presence in anticipation of significant portfolio growth in Orlando and Tampa markets

RKW RESIDENTIAL, a leading multifamily property management company, has opened an office in Orlando to support expected portfolio growth there and in the Tampa area. Experienced multifamily industry professional Lizzette Herron has joined RKW as Senior Regional Manager to oversee operations in Orlando and surrounding markets.

Herron works closely with Orlando-based Senior Vice President of Client Services Stephanie Brown in these markets. Both are based in the new Downtown Orlando office

“We are thrilled to have Lizzette on board to bolster our efforts in and around Orlando,” said Brown. “It’s no secret that the Orlando area is experiencing a boom in real estate development and corporate expansions and relocations. The demand for our services is growing in lockstep with the population growth.”

More than $10 billion in infrastructure projects are in the pipeline in Orlando, including the I-4 Ultimate highway improvements and expansion of Orlando International Airport. Orlando is also among the fastest-growing multifamily markets in the nation, with 4.4 percent year-over-year rent growth across all asset classes in 2018, according to Yardi Matrix. That ranked sixth out of 127 nationwide markets tracked by the company.

With over 20 years of multifamily experience, Herron started her career with Summit Properties before the company merged with Camden Property Trust in 2005. Most recently, she served as Camden’s District Manager, overseeing repositions, stabilized and lease-up communities in the Orlando and Tampa markets.

RKW’s growth has spread beyond South Florida into Orlando and Jacksonville starting with over 500 units under management.

“With Stephanie and Lizzette at the helm, our Orlando and Tampa operations are in capable hands,” said Johnny De La Espriella, the Regional Vice President managing Florida operations for RKW. “We look forward to building on what was a banner year for the company in the year ahead.”

In 2018, RKW’s overall portfolio grew by more than 7,000 units. The company’s footprint expanded from three to seven states during that span.

About RKW RESIDENTIAL: RKW RESIDENTIAL is a third-party multifamily property management firm headquartered in Charlotte with a regional office in Miami, Orlando and Raleigh. With 17,000 multifamily units under management and a growing footprint spanning seven states, RKW delivers expertise in multifamily management through its technology, marketing and customer experience platforms. The firm’s principals have extensive experience in multifamily investments and property management including acquisitions/dispositions, developments, lease-ups, stabilized and value-add assets. RKW is built on the foundation of its People First Philosophy, which prioritizes client relationships, employee satisfaction, and top-tier customer service for our residents. Through this, the firm delivers on its brand promise of “Expert People. Exceptional Places” to enhance property values and achieve success. RKW was formed out of the partnership of Rivergate Companies, a private real estate investment firm, and KW PROPERTY MANAGEMENT, one of the largest condo management companies in Florida representing more than 75,000 condo units. For more information, visit www.rkwresidential.com.