Prometheus Real Estate Group Wins 2011 NAHB Award for Best Property Management Firm

SAN FRANCISCO, Oct. 19, 2011 /PRNewswire/ -- Prometheus Real Estate Group Inc. (Prometheus) won the 2011 NAHB Pillars of the Industry Award for Best Property Management Firm in the nation. This comes on the heels of winning the same honor in 2010 from MHN Magazine. Additionally, Prometheus was awarded the NAHB best (asset) conversion/repositioning  (Markham Apartments, Cupertino, California) as well as NAHB award for best leasing center (Heatherstone Apartments, Mountain View, California). Prometheus was an NAHB finalist for best marketing campaign (Prometheus Craigslist 2.0) and best corporate website (www.prometheusreg.com). These awards are among the seven total industry recognition awards Prometheus has received in 2011, and among the over 75 awards it has received over its history. NAHB's Pillars Awards, considered the most prestigious in the industry, honor excellence in multifamily housing development, design, marketing and management, and showcase future trends in the industry.

"We saw a need to challenge the traditional leasing experience and approach to design, which tends not to vary across the apartment industry," Jackie Safier, President of Prometheus. "Ultimately, the creative and hard work of our teams make all of the difference in taking risks and having it received positively." By looking at each and every element of experience through a creative lens, Prometheus was able to transform the tasks and chores of everyday apartment living into a holistic experience that feels like home every step of the way - from the moment a potential renter walks in the door to when they move out. The end results achieved include a memorable and distinctive experience, which is demanded by today's creative class renters, economic efficiencies associated with the consistencies of the brand; employee loyalty (average employee tenure at Prometheus is five years), as well as industry leading economic performance.

Prometheus' innovative approach to apartment living includes community workspaces that replace the traditional desk filled leasing offices, to creative suites (that replace traditional models) featuring eclectic furnishings and artisan surprises. Prometheus' distinctive approach also includes how tours are lead to establishing Miracle Makers, a program that encourages and empowers Prometheans to perform random acts of kindness throughout the day.

As Cindy Park, Vice President of Prometheus, summarizes: "Our goal at Prometheus is to provide a fun, inspiring and authentic approach to apartment living. Many of the people who live at our properties enjoy luxuries of working in some of the most admired, most creative, campuses in America. At the end of the day, we want them to feel just as, if not more, taken care of at home."

About Prometheus

Prometheus Real Estate Group is the largest private owner of multi-family properties and San Francisco Bay Area Apartments with a growing portfolio of more than 18,000 metropolitan-area properties with Seattle Apartments, Portland Apartments, and Los Angeles Apartment communities. Since its inception in 1965, Prometheus has specialized in the acquisition, development and management of high quality residential and commercial properties throughout the Western United States. Prometheus has a long history of award-winning approaches to development, management and general excellence. For more information, visit http://prometheusreg.com.

SOURCE Prometheus Real Estate Group, Inc.