WGA Legacy Property Management Market Research Report

Background

Company Overview

WGA Legacy Property Management, established in 2016, is a property management firm specializing in multifamily housing. The company manages six apartment communities across Florida, Houston, and Brownsville, Texas, overseeing a total of 763 units. Since its inception, WGA has been involved in transactions totaling nearly 1,200 units.

Mission and Vision

The company's mission is encapsulated in the phrase "Driven by Result. Defined by Success. Powered by Team Work!" Its vision is to "Create a legacy as the nationally recognized multifamily owner and operator attracting investors nationwide while delivering financial growth, making a difference to our communities and providing a bright future for our team!"

Industry Significance

WGA Legacy Property Management operates within the multifamily property management sector, focusing on the acquisition, management, and operation of apartment communities. The company's growth and expansion into multiple states highlight its increasing significance in the industry.

Key Strategic Focus

Core Objectives

WGA's primary objectives include:

Achieving high occupancy rates across managed properties.

Ensuring financial growth and stability for investors.

Enhancing resident satisfaction and retention.

Areas of Specialization

The company specializes in:

Multifamily property management.

Property acquisition and value-add strategies.

Renovation and compliance management.

Key Technologies Utilized

While specific technologies are not detailed, WGA emphasizes the use of property management software to track apartment availability, record leasing activities, and manage resident data.

Primary Markets Targeted

WGA focuses on markets in Florida, Houston, and Brownsville, Texas, aiming to expand its presence in these regions.

Financials and Funding

Funding History

Specific details regarding WGA's funding history, total funds raised, and notable investors are not publicly disclosed.

Utilization of Capital

The capital raised is primarily utilized for:

Acquiring new properties.

Renovating existing units.

Enhancing operational capabilities.

Pipeline Development

Key Pipeline Candidates

WGA is involved in the acquisition and management of multiple multifamily properties across its target markets. Specific details about pipeline candidates and development stages are not publicly available.

Target Conditions

The company targets properties that can benefit from value-add strategies, including renovations and operational improvements.

Anticipated Milestones

WGA aims to achieve:

Increased occupancy rates.

Enhanced resident satisfaction.

Financial growth for investors.

Technological Platform and Innovation

Proprietary Technologies

Specific proprietary technologies are not detailed in the available information.

Significant Scientific Methods

WGA employs property management software to streamline operations, track leasing activities, and manage resident data.

Leadership Team

William Acuna – CEO and President (Principal)

William Acuna is the founding member and CEO of WGA. He has acquired seven assets totaling 1,174 units and currently oversees a portfolio worth over $200 million in Texas and Florida. With over 20 years of project management experience in the oil and gas industry and several years in multifamily investments, Mr. Acuna holds a B.S. in Petroleum Engineering from the University of Oklahoma.

Gunel Acuna – Director of Compliance and Product Management (Principal)

Gunel Acuna is a member and owner of WGA, playing an active role in property acquisitions and overseeing a $200 million portfolio in Houston, Texas. She holds a B.A. in Journalism, an AA in Interior Design, and an AAS in Commercial Real Estate. With 10 years in the multifamily industry, she has been Director of Compliance and Product Management since 2019.

Richard Naccarato – Vice President of Asset Management

Richard Naccarato brings over 25 years of experience in asset management and operations across diverse residential asset classes. He has overseen the full life cycle of single-family build-to-rent communities and has a proven track record in managing over 60 communities with budgets ranging from $3M to $15M.

Misty Penney – Corporate Operations Manager

Misty Penney serves as the Operations Manager at WGA, managing financial and administrative processes across the company's portfolio. With over five years of industry experience, she holds a bachelor's degree from Sam Houston State University.

Fernanda Zavala – Regional and Resident Cares Manager

Fernanda Zavala oversees multiple properties across the Houston and Brownsville markets. With nearly a decade in the multifamily housing industry, she has advanced from Leasing Agent to Regional Manager, focusing on occupancy growth and tenant satisfaction.

Kim William McLean – Advisor to WGA

Kim William McLean is a Lead Investor and Syndicator with Lifestyles Unlimited International and has been a part-time mentor since 2015. He has a proven track record in acquiring multiple properties and managing multifamily operations.

Curtis Haines CPA – Advisor to WGA

Curtis Haines is the CEO of Vende Capital LLC, specializing in multi-family properties. He has ownership in over 20,000 garden-style apartment units across various regions and has a proven track record in property acquisitions and management.

Competitor Profile

Market Insights and Dynamics

The multifamily property management sector is characterized by a competitive landscape with numerous players ranging from large national firms to regional and local companies. Key factors influencing the market include property acquisition strategies, renovation capabilities, resident satisfaction, and financial performance.

Competitor Analysis

WGA's competitors include:

Flaherty & Collins Properties: A leading firm in the Indianapolis area, managing over 19,500 units across 31 properties.

Barrett & Stokely Inc.: Manages approximately 12,261 units across 50 properties, focusing on market-rate and affordable housing.

Gene B. Glick Co. Inc.: Oversees 19,388 units across 100 properties, with a diverse portfolio including market-rate and affordable housing.

Strategic Collaborations and Partnerships

Specific details about WGA's strategic collaborations and partnerships are not publicly disclosed.

Operational Insights

WGA differentiates itself through a focus on value-add strategies, including property acquisitions, renovations, and operational improvements, aiming to enhance property performance and resident satisfaction.

Strategic Opportunities and Future Directions

WGA has opportunities to expand its portfolio by targeting additional properties in its current markets and exploring new regions. Leveraging its expertise in property management and value-add strategies, the company is well-positioned to achieve its vision of becoming a nationally recognized multifamily owner and operator.