RAPID RENOVATION

Ackermann Group's Proprietary Rapid Renovation Program: Maximizing Revenue and Enhancing Asset Value

Since its founding in 1938, Ackermann Group has established a robust presence in the multi-family real estate sector, focusing on secondary markets across the Midwest and Southeast United States. With a deep history in Cincinnati, Dayton, Columbus, Indianapolis, and Charlotte, our expertise has guided the successful transaction of over 10,000 multi-family units, valued at more than $1 billion.

Leveraging 86+ years of expertise in development, construction, and management, we have pioneered the Rapid Renovation Program to transform aging apartment communities into highly competitive assets. In the world of multi-family real estate, our Rapid Renovation Program stands as a revolutionary initiative designed to maximize revenue, enhance resident turnover rates, and substantially increase asset value. Originating from a need to streamline and expedite the renovation process of aging apartment communities, this program specifically targets properties between 10 and 30 years old that are primed for significant upgrades.

The Challenge of Traditional Renovation

Traditionally, renovating an aging multi-family community has been a lengthy and resource-intensive process. Detailed planning and coordination across multiple teams can extend these projects over months to years, often straining budgets and operational capacity.

Introducing the Rapid Renovation Program

In 2019, Ackermann Group revolutionized renovation practices with our Rapid Renovation Program. This innovative approach allows us to complete entire unit renovations in just one day, without displacing residents. By refining our methods through multiple rapid-style renovations, we have streamlined operations and established a precise scope of work, including new flooring, cabinets, countertops, paint, and appliances, all completed within nine hours.

Streamlined Process for Maximum Efficiency

The process begins well in advance with thorough pre-construction meetings and resident communications via “Town Hall” meetings. This preparation includes setting up staging areas and ensuring all materials are ready and on-site weeks before renovations commence. On the designated day, skilled contractors enter the unit at 6:00 am and complete demolitions, installations, and final touches by 6:00 pm the same day. Each unit is inspected to meet high-quality standards, allowing residents to return to a fully renovated home by evening.

Achieving Rapid Results and Enhanced Benefits

Through the Rapid Renovation Program, it’s possible to renovate up to six units per day, reducing the unit interior construction schedule of a 300-unit community from 2-3 years to just 2-3 months. This swift turnover not only increases rent earlier in the investment cycle but also enhances the overall property value without the risks associated with vacancies. 

Beyond Interior Renovations

Ackermann Group’s commitment extends beyond interior upgrades. We invest in substantial, depreciable improvements such as roof replacements, blacktop overlays, and aesthetic enhancements like landscaping, ensuring comprehensive property enhancement. This holistic approach elevates tenant satisfaction, attracts higher-quality residents, and secures long-term asset stability.

Sustainable Impact and Strategic Growth

By revitalizing properties swiftly and efficiently, the Rapid Renovation Program not only enhances living conditions but also supports local economies by maintaining competitive, attractive housing options. This strategic improvement of properties ensures long-term asset stability, fosters economic growth in the surrounding areas, and aligns with sustainable business practices that benefit both the community and investors.

This focused approach to renovation represents a significant evolution in property management, ensuring that each property not only meets but exceeds market expectations, fostering a cycle of continuous improvement and prosperity.

Commitment to Excellence

At Ackermann Group, our mission centers on revitalizing communities and driving sustainable economic growth. By restoring properties to prime condition, we not only enhance living environments but also contribute to local economic stability. This strategic alignment ensures mutual success for our investors, residents, and surrounding communities.

Watch the process in action here!

Facebook
Twitter
LinkedIn

READ MORE FROM THE ACKERMANN GROUP

Benefits & Culture

At Ackermann Group, we’ve always believed that our people are our greatest asset. Over the years, we’ve evolved our benefits and culture to meet the

READ MORE »

Investment Return Metrics

We’re excited to share insights on critical investment return metrics that every investor should understand. Let’s delve into the three primary metrics: Cash on Cash

READ MORE »

BUILDING COMMUNITY TOGETHER ISN'T JUST A TAGLINE. WE BELIEVE IN OUR MISSION AND VISION AND IT'S SOMETHING WE CARE ABOUT DEEPLY

MISSION

We build communities, and together, we cultivate relationships and partnerships to make a positive & healthy impact on the people we serve.

VISION

Connecting people for the common good and creating a unique place to live and call home.

READY TO GET STARTED?

Schedule a 1-on-1 call with a member of our investor relations team to learn more.

Already an Investor? Log In Here.