Advance Realty, one of the Northeast’s most active and innovative real estate development and management firms, today announced it has been named an Accredited Management Organization (AMO) by the Institute of Real Estate Management (IREM).
Less than 550 real estate firms across the world have earned the prestigious AMO designation, which is the only international recognition of excellence for real estate management. IREM, which bestows the mark of distinction based on industry standards and best practices that are relevant to real estate management firms, their clients, and the assets they manage, describes the AMO designation as “a clear demonstration to owners, investors, and clients that their properties are in the best possible hands.”
“We are honored to receive this prestigious accreditation from the Institute of Real Estate Management,” Advance Realty Founder and CEO Peter Cocoziello said. “Since acquiring our first property nearly four decades ago, Advance has always prided itself on maintaining the highest standards for both the development and management of our assets. This designation is a true testament to our commitment and ability to uphold those ideals.”
Founded in 1979, Advance currently owns and/or manages a 10-million-square-foot portfolio of properties across all asset classes, including The New Jersey Center of Excellence in Bridgewater, N.J.; Steel Works in Harrison, N.J.; Harlow and The Bexley in Hoboken, N.J.; and One Gateway Center in Newark, N.J.
“While we manage a wide array of asset types, high levels of responsiveness and attention to detail are values that we apply consistently across the portfolio,” said Rick Zack, Advance Realty Managing Director of Property Management. “Our recognition among the elite companies around the world that can lay claim to AMO accreditation will only fuel our devotion to the highest standard of work as we further our mission to create world-class environments at each property.”