How will the co-owned apartment and co-owner group be managed?
Each apartment will have a property manager who will be in charge of administering the usage system, collecting assessments, paying the bills, and keeping the property well-stocked and maintained. During the initial year of co-ownership, we will either provide these services or hire and supervise another property management company to provide them. Later, each co-owner group will decide whether to continue with our original management arrangement or choose a different one. Unlike large timeshare developments or apartment-hotels, we do not require any permanent relationship with, and endless stream of fees from, our co-owner groups. We only want to be there for you if you need or want our help.
