Real Estate Done Differently.
The Hirschfeld Companies
A Real Estate Development Company with a Reputation for Excellence.
What We Do
Hirschfeld Properties LLC is a fully diversified real estate developer engaged in the acquisition, development, leasing, management, and ownership of multifamily residential communities throughout the United States. The firm has been in business for over 55 years and has an unparalleled reputation for excellence and integrity that continues to grow with the company’s expanding activity.
Hirschfeld Properties’ primary focus is the acquisition, development and management of multifamily communities. The firm currently owns 3000 units and has increased all major performance metrics for its portfolio, including occupancy and net operating income, every year for the past ten years. Hirschfeld has a proprietary leasing and marketing program which results in industry leading performance, including average turnover of 35% versus an industry average of 45%. The company has a recognized brand name in each of the markets it operates, demonstrated by the fact that a top source of leasing traffic throughout its existing portfolio is resident referrals. Across its portfolio, Hirschfeld has seen significant occupancy increases, lower tenant turnover, consistently reduced or tightly controlled operating expenses and rent growth that has outpaced the competition.
Real Estate Development
Hirschfeld Properties has extensive experience in ground up development. Drawing upon the company’s decades of development and construction experience, Hirschfeld Properties personnel undertake and complete the myriad tasks required of a commercial development company operating in today’s complex development climate.
Hirschfeld Properties is particularly well equipped to deal with the critical pre-development phase of a development project which determines the project’s viability both economically and in light of the development climate in the market the project is located.
The firm’s development and construction expertise consistently delivers superior construction work product at the best price and facilitates the completion of projects on-time and on-budget.
Hirschfeld Management Inc.
Hirschfeld Management, Inc. (HMI) provides best in class property management for the properties developed, acquired, owned, and managed by Hirschfeld Properties. All Hirschfeld multifamily communities have property management personnel on site to ensure that tenants’ needs are always satisfied. On-site property managers report to a regional property manager or Vice President and are empowered with P&L responsibility to run their communities as autonomous businesses for which they are fully accountable.
Hirschfeld’s philosophy is to operate all of the properties it manages at a very high standard while maintaining strong cost controls and budgetary discipline. The result is the Hirschfeld Management definition of value – outstanding operating benchmarks, delivering cost effective property maintenance and management at the highest possible standard.
Hirschfeld Management has an extensive and sophisticated property management and leasing platform. Hirschfeld multifamily assets have a significant internet presence via their own websites, blogs, social media pages and postings, as well as listings on industry leading listing sites. All of these resources are utilized together with continuous and ongoing search engine optimization to exploit the internet as the top source of traffic across Hirschfeld managed properties. The Hirschfeld platform has enabled its entire portfolio of apartment communities to generate increased net operating income and profits every year, year over year, since each respective property was acquired or completed. This sustained and superlative track record has been maintained during both major economic downturns of the last decade.
Hirschfeld Building Construction Company Inc.
Hirschfeld Building Construction Company, Inc. is a diversified commercial construction company engaged in the planning, design, and construction of multifamily apartments, shopping centers, office buildings, condominiums, hotels, and industrial facilities. The firm acts as both General Contractor and Construction Manager for Hirschfeld Properties and its affiliates.
By serving as the in-house construction arm of Hirschfeld, Hirschfeld Building Construction allows Hirschfeld Properties and Hirschfeld Management to tightly control costs and critical dates dependent upon the timely completion of construction work.
The company was founded in 1963 as Hirschfeld Brothers Construction Company and changed its name in 1983 to Hirschfeld Building Construction Company, Inc. Hirschfeld Brothers has been ranked by Building Design and Construction as one of the top 50 builders in the United States.