Multitasking in Multifamily
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|Barkan Management CEO Bill DiSchino and SVP Janet Meaney tell us the firm, which earned its stripes managing upscale condos, has been expanding into new geographic regions. Eg, it recently moved into New Hampshire to manage Timberwood Commons in Lebanon, planned as 252 luxury rentals to serve the Dartmouth Hitchcock Medical Center community. Phase I, with 24 apartments, is now ready for occupancy. Renting at about $1.40/SF, it's one of the newest luxury communities in the area. Barkan?s also enhancing its presence in RI. This fall, it began consulting for The Village at Mt. Hope Bay in Tiverton. Next month, it will launch into a contract there to provide financial, operations, and staff supervision services.|
|Barkan Management's CFO Adam Ameden and The Barkan Cos? treasurer John Barkan tell us the firm has branched out into accounting and other financial services for various types of residential communities. A few weeks ago, it landed an accounting services contract for Cypress Pointe, an 8,500-unit interval ownership complex in Orlando. Also, Barkan does accounting and financial reporting for 22 mixed-use communities with 2,200 units managed by the Ritz Carlton Hotel Co. All told, it provides services for about 15,000 condo/co-op units and 3,000 rental apartments (think the Residences at the Intercontinental, Rowes Wharf, Trinity Place, Bryant Back Bay, and Battery Wharf).|