JMC & Co News

It is finally starting to look and feel like spring around our JMC properties! All of our properties have received their plant deliveries and the maintenance and grounds crews have been working hard to install the plants just in time for the sunshine. We can't wait to watch them grow over the next few months! Redbrook Apartments Station Square The Atherton MetroMark Faxon Commons We look forward to seeing the flowers looking like this soon! Click to watch a video compilation of social posts including our wonderful maintenance staff members! TRIVIA : The Middlemist Red is considered the rarest flower in the world. It is known to exist in only 2 locations. What are the 2 locations? 4/4 Trivia Answer: American Robin

 Spring Meeting for Office & Maintenance Managers at Florian Hall The Spring Managers Meeting took place at Florian Hall this week to discuss updates in maintenance, compliance, human resources, and marketing departments in addition to the DEI committee and announcements from the President and Vice Presidents of JMC . The day began with a welcome kickoff from President Bob Ruzzo and his new tradition of introducing new managers attending their first meeting.  Despite the April showers on Wednesday, the Director of Maintenance Operations went over grounds procedures and our Arborist and Ground Superintendent went over flower plans to get our properties to look their best when the sun comes out to shine this summer.  Marc Colburn,  Arborist and Ground Superintendent The compliance department covered vacancy claims and reasonable accommodation while the VPs covered the 10 C's policy and updates on P2P. Jeanmarie O'Brien, Director of Affordable Housing Brian Gallagher, Vice Pre

Introducing HOTMA & NSPIRE Compliance has been busy since the start of the year with several trainings to cover HOTMA for Section 8 and LIHTC, Housing Navigator, and Local Programs (IDP and 40B) Yardi implementation.  HOTMA is the Housing Opportunity Through Modernization Act which was signed into law in 2016. According to the Office of Multifamily Housing Programs, "HOTMA was intended to streamline processes and reduce burdens on housing providers." This act amends the definitions of family and earned income which affects public housing and Section 8 rental assistance programs. The regulations of this act came into effect at the start of 2024, so the Compliance Department has conducted several trainings to ensure all JMC employees understand the changes that this act has made for the multifamily sphere.  Maintenance Operations is also kicking off trainings in 2024 to teach our JMC employees about the new inspection model, National Standards for the Physical Inspection of

Union 346 LEED Gold Certified  Union 346 was recently certified for the LEED Gold rating for Phase I. The mission of the LEED (Leadership in Energy and Environmental Design) certification program is to create a safe, healthy, and sustainable environment that improves the quality of life for all. This community was built with the intention of a greener future for our Somerville residents. According to the USGBC website , "To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality" and properties are awarded points that correspond to a certain level of certification. LEED Gold certification is awarded to projects with 60-79 points earned and is the second highest certification.   LEED Rating System The sustainable design of Union 346 not only benefits the environment, but also the residents living in the community. LEED buildings use

John M Corcoran & Co recently began construction for the redevelopment of a 25-acre site in Stoneham, MA also known as The Devon at Weiss Farm. This community, located just 10 miles away from Boston, will feature 259 brand-new apartments and 12 townhomes abundant with beautiful amenities for residents to enjoy.  Site Rendering by HDS Architecture This project was featured in an article on BLDUP's website in addition to a LinkedIn post published by Callahan Construction Managers . As stated in the BLDUP article , "'Our great team is in place and with construction underway on this exciting project, we soon will be able to deliver much needed housing to a market in need of supply,' said Peter Mahoney of John M. Corcoran and Company. 'We believe that our offering will not only introduce new housing options for local residents but draw new people to the community."' Site Rendering by HDS Architecture Apartment Finishes: - Quartz Countertops               

JMC is an Accredited Management Organization with the Institute of Real Estate Management ( IREM ® ). which is, "... an international institute with the learning, certifications, and networking that property managers need to take on real estate management's most dynamic challenges." Most of JMC's Property Managers have earned the designation of Accredited Residential Manager (ARM®) sponsored by IREM. 12 JMC employees earned this designation in 2023 and 2 more employees earned the designation last week to kick off 2024. JMC Employees with Members of IREM at the December 2023 Dinner JMC encourages all eligible employees to further their education through these rigorous courses to earn this designation. According to the IREM ® website, "Certifications from the Institute of Real Estate Management are internationally recognized as the marks of ethical leadership and a well-managed property." JMC is proud to support employees who want to develop their careers w

  JMC takes great pride in customer service as all new hires experience both virtual and in-person trainings to commence their property management career. Leasing 101 Training is the first in-person training that all new Leasing Consultants, Assistant Property Managers, and Property Managers take and it is often the most memorable training for our employees. Several members of the Marketing Department regularly schedule and perform these trainings throughout the year. The training takes place over the course of five days to teach and develop various skills needed for success. The trainers even take an interactive approach to put these skills to the test with various role plays demonstrated by trainees.  The first day covers the basics of handling phone calls and sales tools and ends with a live practice of a telephone role play so trainees can practice the concepts taught throughout the day.  Group ice breaker with puzzle to kick off class Day two focuses on ways to greet a prospect,

Holiday Managers Meeting in Cinematic Style The holiday season has been an eventful time of year for JMC with the annual holiday managers meeting and the company holiday party.  The managers meeting took place at a unique venue this year- a movie theater! JMC departments including Marketing, Human Resources, Accounting, Compliance, Operations, and Capital Expenditure all gave updates and projects to look forward to in 2024.  A 2023 highlight reel video was displayed on the big screen which was later followed by a special viewing of Top Gun: Maverick in the theater. The day concluded with 'The Corcoran' awards for staff and properties to recognize their efforts throughout the year. The categories included:  Best REAC Score:  Saugus Commons Best Residents Events:  The Mastlight and Lynnfield Commons (Market), West Broadway Homes and McNamara House (Affordable) Best Shop by Manager:  The Ledges   Best Reputation Management:  Quincy Commons Best Use of Technology:  The Val Sa

2023 Development, Management, & Renovation Programs 2023 has marked a year of many achievements for JMC with several development projects, a new acquisition and partnership, assuming management for three properties, leasing up new communities, and the completion of many renovation programs. Although we reflect on accomplishments of the past year, JMC already looks forward to what's in the pipeline for 2024. Development Details Phase I of Union 346 has had a successful ongoing lease-up in 2023. The community also   won the Platinum Hermes Award for website design.   Phase II of Union 346 is located directly adjacent to Phase I with delivery in 2024. We look forward to seeing the additional apartments and amenity spaces in this urban community.  Photo by ARCO National New England Lunenburg Central was completed in 2023 which is a  372,000 square foot  Class-A High Bay distribution facility located in Lunenburg, MA. Photo by ARCO National New England Central Gateway was also com