Modern Home Builder - Winter 2017 - 65

Maintaining its properties and offering quality service - including providing maintenance on a 24/365 basis within 24
hours of a call - remain high priorities for the company. "Our
motto is 'Managing People's Homes with Pride,'" Zuker says.
"Our buildings are often confused for condos because of how
they look and how well they are maintained. We are committed
to adding value to our properties."
The company is similarly devoted to its employees, more than
half of whom have worked for Chestnut Hill for more than five
years, and 30 percent have worked at the company for more than
10 years. "We take care of our employees and they, in turn, look
after our residents," he adds.

FOR ALL AGES
Chestnut Hill today owns and manages roughly 4,900 units in 28
apartment home communities in the greater Boston region as well
as in Rhode Island. The company's portfolio is valued at more than
$1 billion and includes market rate and luxury apartments as well
as subsidized housing and workforce housing.
Many of the apartment properties owned and managed by the
company include amenities such as community rooms, swimming
pools and tennis courts. "Our mantra used to be to keep it simple
and offer a safe, clean and secure place to live, but now we're going
beyond that and creating communities for our residents and for the
larger community," Zuker says.
Zuker is especially pleased to introduce the home office center to the company's mix of amenities. "People want and need
flexibility with regard to where they work. The workplace is no
longer exclusive to a building where a company is based," he
says. "Today's workplace is anywhere you can find a WiFi signal,
comfortable seating, and a little quiet space. We're excited to
be able to provide attractive, state-of-the-art spaces where residents can work independently, or even invite their colleagues
for meetings."

"We're excited to be able to
provide attractive, state-ofthe-art spaces where residents work independently."
EDWARD ZUKER

Fenway Park, opened last year and is marketed toward young professionals. Chestnut Hill Realty is currently renovating 1443 Beacon Street, a 115-unit building in Coolidge Corner in Brookline,
Mass., that is marketed to professionals and empty nesters.
"We believe the trend is moving away from home ownership and
toward renting to free up capital to invest in other ways," Zuker
says, noting that the company offers up to five-year rents at many
of its properties. "We want to provide quality housing at all price
points for both ends of the age spectrum." )

A PROMISING TREND
The company's newest communities include Hancock Estates
in Chestnut Hill/Newton, Mass., which will open for occupancy next June. The 88-unit luxury apartment community
will have an impressive array of amenities, open concept floor
plans, high-end finishes and state-of-the-art "smart technology"
including lighting and heating/cooling systems.
Other ongoing projects include updating units in several
apartment communities as a part of the company's program to
rehab 250 units a year. Each project costs roughly $100,000 per
unit, Zuker notes.
The company also recently completed work on two projects
geared toward each of Chestnut Hill's largest renter bases: baby
boomers and millenials. Fenway Diamond, a 49-unit building near
Winter 2017 www.mhb-magazine.com

65


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Table of Contents for the Digital Edition of Modern Home Builder - Winter 2017

Contents
Modern Home Builder - Winter 2017 - Cover1
Modern Home Builder - Winter 2017 - Cover2
Modern Home Builder - Winter 2017 - 1
Modern Home Builder - Winter 2017 - 2
Modern Home Builder - Winter 2017 - 3
Modern Home Builder - Winter 2017 - Contents
Modern Home Builder - Winter 2017 - 5
Modern Home Builder - Winter 2017 - 6
Modern Home Builder - Winter 2017 - 7
Modern Home Builder - Winter 2017 - 8
Modern Home Builder - Winter 2017 - 9
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Modern Home Builder - Winter 2017 - 11
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Modern Home Builder - Winter 2017 - Cover3
Modern Home Builder - Winter 2017 - Cover4
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