PERE dives into the history of The Dermot Company’s 20 Exchange property in Manhattan’s Financial District. Once the headquarters of the City Bank Farmers Trust Company, the building was converted to luxury residences. Dermot is continuing to modernize and upgrade the community with the planned additions of private and shared workspaces, a screening room, social lounges and even a sports simulator.

The Dermot Company’s Alissa Hazan, director of portfolio operations and general counsel, was recently featured in Multifamily Executive. She shared how Dermot is elevating the resident experience, embracing innovation, and driving long-term value across its growing portfolio of more than $5 billion in assets under management and a portfolio spanning over 7,800 apartments on the Eastern Seaboard.

If you want to really know what’s happening at work, ask the people on the front lines. That’s the foundation of the Top Workplaces award. For the fifth year, employee survey company Energage has partnered with Schneps Media to honor the best places to work in New York City. This award can’t be bought; it has to be earned, based on employee feedback. Winners are chosen through a scientific survey process. Positive employee feedback equals recognition. Workplaces that don’t have strong feedback are excluded from the winners list.

"Active management is crucial for creating value at both the asset level and the portfolio level" -Andrew Levison

Saving money on energy is more important than ever in uncertain economic times. As every day seems to bring surprising headlines, apartment owners, developers, and managers are investing in technologies that make their buildings more resilient and more efficient.

True "responsible investing" must prioritize the optimization of returns. And optimizing returns can often produce tangential benefits such as reducing greenhouse gas emissions and enhancing sustainability and resilience.