Results Driven

Apartment Property Management Services with excellence and experience.

Forty-Two LLC has been established to collectively provide a full suite of multifamily capabilities and deliver results from development or
acquisition to realization.  Through the implementation of revenue management programs created by CEO and President Jennifer Nevitt, Forty2 will drive property revenue and measure resident satisfaction at each critical juncture.

  • Ground Up Development
  • Capital Markets
  • Acquisitions
  • Asset Management

  • Property Management
  • Finance & Accounting
  • Underwriting
  • Risk Management

  • Consulting Services
  • Construction Services

We Believe that the Front Line Equals the Bottom Line

  • Formed by Thomas A. Leonard and Jennifer A. Nevitt
  • Utilized as the property management platform to provide in house management and construction services for the multifamily investments of the Leonard Family Trust and select “Inner Circle”
  • Focuses on consumer trends and construction efficiency, while specifying selections that will reduce maintenance and repair expenses over the asset’s lifetime

  • Manages approximately $1.6 billion AUM comprised of 5,000 apartment units
  • Provides best-in-class property and construction management
  • Experts in new construction lease-up and value add repositioning
  • Nationwide footprint and scalability

A core principle and fundamental pillar of our management style is our review of daily processes, consistent talent accountability and implementation of solution-based practices that create efficiency. This is where we begin to make a true difference in the experience of our residents and our owners. We believe in real-time actions and corrective measures.

Apartment Property Management Services and Experience

  • Conventional market rate garden, mid-rise and high-rise apartments
  • FHA HUD 221d-4 multifamily assets
  • New construction lease-up expertise
  • Turnaround of under-performing, distressed assets
  • Student housing property management and lease-up
  • Condominium development and sales

We believe in real-time actions and corrective measures.

Our Expertise

  • High level of internal competency
  • Revenue management through both yield management and expense management
  • Talent management and engagement of teams
  • Proprietary training programs
  • Efficiency of operations
  • Risk mitigation in areas of human resources, general liability, financial performance, safety, technology and more
  • Lease management for optimum financial results
  • Marketing and sales with emphasis on digital assets
  • Vast resources to obtain and execute best practices for the multifamily industry

Apartment Management Services

  • Managing day-to-day property operations
  • Managing pricing of lease renewals and new inventory rents
  • Anticipating and strategic planning of the asset’s long-term investment value creation
  • Communicating sophisticated systems, processes and support to the front line team
  • Ensuring that the onsite team receives, records, and dispatches maintenance service requests submitted by residents and manages service requests through completion in a competent and timely fashion
  • Providing interior and exterior maintenance services and responding with completion details to owners and residents
  • Performing proactive detailed spring and fall inspections
  • Recruiting, hiring, supervising and developing all onsite personnel
  • Recruiting, supervising, developing and creating partner relationships with all contractors involved in the upkeep of the property
  • Coordinating all essential services and utilities
  • Handling financial record keeping, including accounts payable, accounts receivable, budgeting and HUD reporting criteria
  • Marketing and supporting the properties through various market positioning strategies, including the Internet, print and other media
  • Receiving and handling all leasing inquiries, scheduling and coordinating apartment tours and extensive follow-up with each potential new client to maximize lease conversion ratios and occupancy
  • Following through on all applicant qualifications and lease documentation in a method that protects the asset and maintains Fair Housing compliancy
  • Coordinating and handling turnover of apartments after move-out to ensure minimized vacancy exposure
  • Interfacing with attorneys and accountants that may provide legal representation, audit preparation or tax preparation

Contact our office for additional information on how we can enhance the value of your portfolio real estate investments today.