shared, “That one is a little outside of our typical purview. But, as a firm, we are always looking to grow and eventually to have projects throughout the country.” The Goldman Group mainly looks for redevelopment opportunities with at least 200,000 square feet of space, focusing on creating rental units, which they build, hold, and manage all in-house. “The different divisions and facets of our company really complement each other,” Charles explains. “For example, if a company is only involved in the construction of a project, they don’t necessarily have a care in the world for the longevity of the building. If they aren’t involved in managing it once the project is finished, they might look to cut corners, reduce costs, and they might not give the kind of attention to detail that the same developer would if they were also involved in managing the building.” Because The Goldman Group is involved in the long-term management of all their buildings, Charles says they go the extra mile when developing them. “We make sure to choose finishes that are durable and that can stand the test of time,” he says. “We make sure to be very conscientious of circulation and amenity spaces. We give considerable thought to the experience that residents will have living in the building. We care so much for that. We’re constantly asking ourselves: ‘What would this look like and how would this feel? Would someone enjoy living here? Would someone be proud to say that they live in this building?’ We take a lot of pride in our work.” Later, when managing the property, The Goldman Group is better prepared to address any issues or questions that may arise because of their intimate knowledge and familiarity of the building. “I think one of the greatest benefits of selfperforming the construction is that we know the building better than anyone else could, and that makes it much easier to manage,” Charles says. “I think that contributes to having more positive relationships with tenants. It might also contribute to why we experience less tenant turn-over relative to a lot of other management companies.” AUGUST 2024
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