{"id":1004069411,"date":"2013-03-25T06:03:59","date_gmt":"2013-03-25T14:03:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=111168"},"modified":"2022-12-03T17:09:17","modified_gmt":"2022-12-04T01:09:17","slug":"local-firm-to-receive-award-for-restoration-of-senior-housing-community","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/","title":{"rendered":"Local Firm to Receive Award for Restoration of Senior Housing Community"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Memphis, TN-based Alco Management, Inc. a leading operator of affordable housing, will <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/Riverwood_Aerial_-_Finished_Photo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-111169\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/Riverwood_Aerial_-_Finished_Photo.jpg\" alt=\"\" width=\"300\" height=\"240\" \/><\/a>soon be honored by The National Affordable Housing Management Association (NAHMA) for the turnaround of Riverwood Tower Apartments, a senior living community located in suburban Nashville. Alco\u2019s turnaround of the property is being honored at the Community of Quality Awards March 24-26 in Washington, DC.<\/p>\n<p>\u201cIt\u2019s quite an accomplishment to be named a National Community of Quality Award winner,\u201d said NAHMA Executive Director Kris Cook. \u201cThe process is competitive and takes into account not just a property\u2019s structure and appearance, but the quality of its management and staff, finances, compliance scores, and other factors.\u201d\u00a0Riverwood Tower Apartments is the winner of the Outstanding Turnaround of a Troubled Property category.<\/p>\n<p>Formerly known as Madison View Towers, the 33-year-old senior living community located In Nashville\u2019s Madison suburb was purchased by Alco in 2005. At the time, the 117-unit distressed property had an occupancy rate of 76 percent. Following the purchase, Alco renamed the property and in 2006 embarked on rehabilitating the asset. Upgrades include energy-efficiency measures such as water-saving kitchen and bathroom fixtures and appliances, energy efficient windows, new HVAC units, and a new fire alarm and nurse call system, along with a new electronic entry and security camera system, and the expansion of the property\u2019s sprinkler system. Madison View Towers was also given an interior design makeover with reimagined common areas, as well as new flooring, carpeting and a paint job. The community\u2019s parking lot was also redesigned to provide additional accessible parking. The grounds were landscaped. Alco also hired extra management staff.<\/p>\n<p>Following the rebranding and repositioning of the property, Alco turned operations at Madison View Towers cash flow positive and brought occupancy to 100 percent within two years.<\/p>\n<p><em>Photo courtesy of Alco Management, Inc. via Enhanced Online News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Memphis, TN-based Alco Management, Inc. a leading operator of affordable housing, will soon be honored by The National Affordable Housing Management Association (NAHMA) for the turnaround of Riverwood Tower Apartments, a senior-living community located in suburban Nashville<\/p>\n","protected":false},"author":49,"featured_media":1004506907,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004069411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Local Firm to Receive Award for Restoration of Senior Housing Community - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local Firm to Receive Award for Restoration of Senior Housing Community\" \/>\n<meta property=\"og:description\" content=\"Memphis, TN-based Alco Management, Inc. a leading operator of affordable housing, will soon be honored by The National Affordable Housing Management Association (NAHMA) for the turnaround of Riverwood Tower Apartments, a senior-living community located in suburban Nashville\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-25T14:03:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T01:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Local Firm to Receive Award for Restoration of Senior Housing Community\",\"datePublished\":\"2013-03-25T14:03:59+00:00\",\"dateModified\":\"2022-12-04T01:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Riverwood_Aerial_-_Finished_Photo.jpg\",\"articleSection\":[\"Nashville - Knoxville\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/\",\"name\":\"Local Firm to Receive Award for Restoration of Senior Housing Community - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Riverwood_Aerial_-_Finished_Photo.jpg\",\"datePublished\":\"2013-03-25T14:03:59+00:00\",\"dateModified\":\"2022-12-04T01:09:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Riverwood_Aerial_-_Finished_Photo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Riverwood_Aerial_-_Finished_Photo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Local Firm to Receive Award for Restoration of Senior Housing Community\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\",\"name\":\"Eliza Theiss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"caption\":\"Eliza Theiss\"},\"description\":\"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/eliza\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Local Firm to Receive Award for Restoration of Senior Housing Community - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/","og_locale":"en_US","og_type":"article","og_title":"Local Firm to Receive Award for Restoration of Senior Housing Community","og_description":"Memphis, TN-based Alco Management, Inc. a leading operator of affordable housing, will soon be honored by The National Affordable Housing Management Association (NAHMA) for the turnaround of Riverwood Tower Apartments, a senior-living community located in suburban Nashville","og_url":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-03-25T14:03:59+00:00","article_modified_time":"2022-12-04T01:09:17+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/"},"author":{"name":"Eliza Theiss","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"headline":"Local Firm to Receive Award for Restoration of Senior Housing Community","datePublished":"2013-03-25T14:03:59+00:00","dateModified":"2022-12-04T01:09:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/"},"wordCount":319,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg","articleSection":["Nashville - Knoxville","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/","url":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/","name":"Local Firm to Receive Award for Restoration of Senior Housing Community - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg","datePublished":"2013-03-25T14:03:59+00:00","dateModified":"2022-12-04T01:09:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/local-firm-to-receive-award-for-restoration-of-senior-housing-community\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Local Firm to Receive Award for Restoration of Senior Housing Community"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Riverwood_Aerial_-_Finished_Photo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004069411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004069411"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004069411\/revisions"}],"predecessor-version":[{"id":1004625617,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004069411\/revisions\/1004625617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506907"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004069411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004069411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004069411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}