Each property within the HACLA Asset Management portfolio is professionally managed by third party property management firms. These firms conduct the day-to-day management of our properties, including maintaining buildings; hiring and managing site staff including site managers, landscaping, maintenance, security, and other vendors; performing all aspects of leasing; and communicating with residents.
Oversight & Partnership
HACLA’s Asset Management team is responsible for the oversight of the long-term health and financial viability of portfolio assets. Asset Management defines and executes portfolio-level strategies that ensure budgetary and regulatory compliance and maximize financial returns to HACLA. HACLA’s Asset Management staff manages the third party Property Management firms by effectively communicating short- and long-term goals and providing oversight to ensure they meet these goals.
The Asset Management team provides oversight which includes visiting properties, reviewing and analyzing financial statements, providing support to site staff, and reviewing program compliance and reporting requirements. Capital improvements through an annual management plan are considered annually for each property to maintain, upgrade, and modernize the buildings. Together, our mission is to provide safe and sanitary affordable housing, deal with property management issues, and provide a high-quality standard of living for the residents.
Property Management Firms
There are currently two property management firms that manage all 95 of our Asset Management properties comprising of 2,491 housing units throughout greater Los Angeles:
18801 Ventura Blvd., Suite 205
Los Angeles, CA 91356
EAH Inc. manages 74 of our properties comprising of 1,279 housing units. Established in 1968, EAH Inc. is one of the largest and most respected not-for-profit housing management and development organizations in the western United States. EAH Inc. develops affordable apartments, manages communities in 55 municipalities throughout California and Hawaii, and plays a leadership role in local, regional and national housing advocacy efforts.
WSH Management Inc.
881 Von Karman Ave., Suite 720
Irvine, CA 92612
WSH Management Inc. manages 21 of our properties comprising of 1,212 units and has over 19 years' experience in managing apartment communities throughout California. Headquartered in Irvine, CA. WSH Management Inc. manages, leases and operates apartment communities and strives to maintain a high level of satisfaction for residents and property staff.