Sentral Expands Management Portfolio to Exceed $4 Billion
Sentral Enhances Property Management with New Contract
Sentral, a premier operator in the full-building residential hospitality sector, has recently been appointed as the management company for Ten310, an innovative boutique living concept. With this addition, Sentral's assets under management have surpassed an impressive milestone of over $4 billion.
Introduction to Ten310 and Its Unique Offerings
Located in a prime area, Ten310 comprises 94 thoughtfully designed units and aims to provide an exceptional living experience, combining luxury with convenience. The property features a variety of state-of-the-art amenities, including a speakeasy, rooftop pool, fitness center, lounge areas, and complimentary breakfast for residents. Ten310's design is a collaboration with Abramson Architects, known for their creative and functional space solutions.
Community and Accessibility
What sets Ten310 apart is its strategic location, which allows residents easy access to local attractions and essential services. It’s an easily walkable area that encompasses shopping centers, office buildings, and educational institutions, making it a desirable spot for both individuals and families.
Strategic Growth in Property Management
Lisa Yeh, President of Sentral, spoke about the new addition: "Ten310 is a welcome part of our expanding portfolio of esteemed properties. We’re eager to introduce our unique blend of furnished and unfurnished apartments that are inspired by upscale hotels, especially during these unpredictable times in the real estate market." Sentral has developed a reputation for enhancing revenue streams for multifamily properties across sought-after neighborhoods.
Proven Financial Growth
With the upcoming launch of Ten310, Sentral anticipates generating over $400 million in revenue by year’s end, affirming its status as a leader in the sector. Notably, revenue from furnished units is expected to reach $45 million, marking a significant rise of 61 percent in just two years. This highlights the growing trend of flexible living arrangements among renters.
Collaboration with California Landmark Group
Ken Kahan, the CEO of California Landmark Group, expressed excitement about this collaboration, stating, "Our vision focuses on creating vibrant communities, and Sentral exemplifies the perfect partner to manifest that vision at Ten310. From premium amenities to superior service, we strive to deliver an unrivaled living experience in the heart of a flourishing neighborhood." This partnership marks a pivotal step in elevating living standards within the region.
Expansion Across the United States
In addition to Ten310, Sentral is also expanding its management contracts across other notable properties, which include The Sutton in Portland and Otonomus Hotel in Las Vegas. With a total of 36 communities across 22 dynamic cities, Sentral’s influence continues to grow, further establishing its foothold in the competitive market.
About Sentral and Its Mission
Sentral is dedicated to transforming how modern renters experience community living. By redefining upscale multifamily properties into vibrant communities, Sentral enhances the renter experience through excellent service, immersive local experiences, and state-of-the-art operational processes. With over $4 billion in assets under management, it is supported by industry-leading firms that emphasize technology and hospitality. The organization is equally focused on maintaining a strong presence in the most coveted urban markets, ensuring their properties meet the evolving needs of residents.
Frequently Asked Questions
What is the Ten310 property?
Ten310 is a boutique living concept developed by California Landmark Group, offering 94 residential units with premium amenities.
How much revenue does Sentral expect from Ten310?
Sentral anticipates generating approximately $400 million in revenue overall, with $45 million expected from furnished units.
Where is Ten310 located?
Ten310 is situated in a vibrant neighborhood, providing residents with easy access to shopping, offices, and schools.
Who is California Landmark Group?
California Landmark Group is a real estate developer known for innovative and sustainable residential projects focused on community integration.
How many communities does Sentral manage?
Sentral currently manages 36 communities across 22 diverse cities, reflecting its strong growth and presence in the market.
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