Steve Brown Apartments Company Profile

Background

Steve Brown Apartments is a privately managed real estate firm based in Madison, Wisconsin, specializing in providing quality housing solutions since its inception in 1980. The company's mission is to forge positive, lasting relationships with residents by exceeding their expectations for quality housing and exceptional services.

Key Strategic Focus

The company's strategic focus encompasses:

Diverse Housing Options: Offering a range of housing solutions, including studio apartments, multi-bedroom units, and luxury residences, catering to students, professionals, and families.

Community Engagement: Emphasizing community involvement and fostering a learning environment to enhance resident satisfaction and community well-being.

Quality Service Delivery: Maintaining an open-door policy, encouraging customer feedback, and committing to continuous improvement to provide exemplary service.

Financials and Funding

While specific funding details are not publicly disclosed, Steve Brown Apartments is estimated to generate annual revenues between $4.8 million and $7 million. The company employs approximately 52 to 81 individuals across its locations.

Pipeline Development

The company has developed several notable properties, including:

Keystone Apartments: A four-story, 118,000 square foot building in downtown Madison, featuring 64 units ranging from one-bedroom apartments to two-bedroom townhouse-style apartments.

Brownpoint Reserve: A 92-unit luxury apartment complex in Middleton, Wisconsin, offering one, two, and three-bedroom units with high-end amenities.

Technological Platform and Innovation

Steve Brown Apartments leverages modern property management technologies to enhance operational efficiency and resident experience. The company utilizes various platforms for online rent payments, maintenance requests, and resident communications, ensuring a seamless and responsive service environment.

Leadership Team

Margaret Watson: Chief Executive Officer since 2014, Margaret has been with the company since 1989, leading the organization with a focus on service excellence and community engagement.

Scott Watson, CPA: Chief Financial Officer, overseeing the company's financial strategies and operations.

Alyssa Hellenbrand-Best, CPM: Vice President of Operations, responsible for the day-to-day management and operational efficiency of the company's properties.

Dan Seeley: Vice President of Development & Special Projects, leading the company's development initiatives and special projects.

Meggan Allen, SHRM-SCP: Vice President of Human Resources, focusing on talent management and organizational development.

Cyndi Whedon: Financial Controller, managing the company's financial reporting and compliance.

Jennifer Kaye: Marketing Director, overseeing the company's marketing strategies and initiatives.

Leadership Changes

In 2014, Margaret Watson succeeded Steve Brown as CEO, continuing the company's legacy of prioritizing resident satisfaction and community involvement.

Competitor Profile

Market Insights and Dynamics

The Madison, Wisconsin rental market is competitive, with a diverse range of housing options catering to students, professionals, and families. The market has seen steady growth, driven by the city's expanding population and economic development.

Competitor Analysis

Key competitors in the Madison area include:

Trimark Properties: Offers a variety of apartment options with a focus on student housing.

The Ridge: Provides residential communities with amenities catering to professionals and families.

The Retreat: Specializes in luxury apartments with high-end amenities.

Fort Campbell Apartment Guide: Offers a comprehensive listing of available apartments in the area.

Billings Rentals: Provides a range of rental properties catering to different demographics.

Strategic Collaborations and Partnerships

Steve Brown Apartments collaborates with award-winning architects, designers, and general contractors to develop high-quality, sustainable housing projects. These partnerships have resulted in the creation of signature residences that meet the evolving needs of the Madison community.

Operational Insights

The company's commitment to quality service, community engagement, and diverse housing options positions it favorably in the competitive Madison rental market. By focusing on resident satisfaction and continuous improvement, Steve Brown Apartments maintains a strong market presence.