WHETSTONE COMPANY

 

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Whetstone Company provides an array of leasing, property management, real estate development and consulting services.  With a proven track record spanning over 25 years and a multi-family portfolio of over 3,100 units, Whetstone Company is effectively positioned to meet the needs of our residents, clients and investor partners.

     
  Whetstone Company        
 

There is more to managing properties than simply maintaining landscapes and painting faded shutters.  Real property management means creating homes, nurturing communities and improving assets.

Helping families enjoy their homes is our goal at Whetstone Company.  But we know that creating a safe and comfortable environment takes more than good intentions alone, it takes diligent planning and hands-on execution.  That is why Whetstone Company adds strong financial management capability and extensive experience to its personal approach.  Since 1978, Whetstone Company has built a portfolio of 30 properties comprising over 3,100 units.

We have developed a state-of-the-art, on-line computer system which is supported by an experienced accounting and bookkeeping staff.  The daily supervision of property operations is directed by experienced regional property managers.  While they insure that our standard policies and procedures are effectively administered, they also seek to identify and address each property's unique needs.

Our clients include investor groups, private owners, insurance companies, associations and non-profit organizations.  The professional staff within our organization has developed strong positive working relationships with our clients that have resulted in most of our new business coming from referrals.  Also, we have had great success in turning around distressed properties as well as improving the appearance and financial position of underperforming communities.  In addition to many conventionally positioned and market rate communities in our portfolio, we have also successfully managed tax credit, FHA and local finance agency properties.

 

     
           

Consulting Services - Whetstone Company has provided a variety of consulting services to a varied client list.

Whetstone Company has worked with major lenders and asset managers across the country providing management reviews for multi-family properties and due-diligence reviews for project financing.  More than 135 such reviews have been completed for organizations who initiate or service FHA-insured loans under the 221(d) and 223(f) coinsurance programs.  Whetstone Company has also provided property management consulting services to apartment owners and developed procedural manuals addressing all aspects of site operations.

Similar management reviews have been conducted on behalf of independent owners for their troubled projects.  The studies contain a critical analysis of their systems, personnel and procedures, which are accompanied by specific recommendations for corrective actions.

Whetstone Company professionals provide training seminars in all areas of property management which include day to day operations, maintenance management, regulatory compliance and project accounting.  Our clients have included local property management professionals as well as groups of public officials and housing resource organizations from Eastern Europe.

           
   

On Being Good Corporate Citizens - Whetstone Company also believes in reaching out to and assisting community organizations and non-profits.  We have been regular supporters of the Boys and Girls Clubs, cancer awareness and cancer fundraisers including Walk for the Cure, the Lido Civic Club of Washington D.C, Hospice Caring, and numerous affordable housing and non-profit organizations.  We have also supported various camp and scholarship programs for residents of our communities.