{"id":4980,"date":"2013-01-30T05:00:14","date_gmt":"2013-01-30T13:00:14","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=4980"},"modified":"2026-02-22T15:30:13","modified_gmt":"2026-02-22T23:30:13","slug":"total-turnaround","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/total-turnaround\/","title":{"rendered":"Total Turnaround"},"content":{"rendered":"

\"Riverwood<\/a>The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi <\/a>client Alco Management.<\/p>\n

Alco\u2019s Riverwood Tower Apartments, a senior Section 8 property located in Madison, Tenn, was recognized for \u201cOutstanding Turnaround of a Troubled Property.\u201d Honorees will be recognized at the NAHMA winter meeting in March.<\/p>\n

The story of Riverwood Apartments\u2019 turnaround is a transformative one. Alco Management, which has\u00a0 a 6,000 unit portfolio based in the Southeast, acquired the 26-year-old property in 2005.<\/p>\n

When purchased, the 117-unit community in the suburbs of Nashville was not in great shape. It had a high vacancy rate (24 percent), a HUD REAC score of just 42, and a sub-par reputation.<\/p>\n

\u201cImmediately after the purchase the renovation began.\u00a0 The name was changed to Riverwood Apartments to indicate a new beginning for this 26 year old property,\u201d said Michael Johnson, Alco\u2019s Executive Vice President and Chief Administrative Officer. \u201cAlco was determined that this property would offer a quality life for senior citizens.\u201d<\/p>\n

Alco made major improvements, including a new fire alarm system, fire safety sprinklers in each unit, electronic keyless entry, security cameras, parking lot redesign, exterior fencing and an indoor and exterior facelift.<\/p>\n

\u201cAlco believes that a Section 8 property shouldn\u2019t look any different than a conventional property.\u00a0 The apartments got new flooring, thick padded carpets, wood baseboards, and designer color paint,\u201d Johnson said. There was also a renovation of the community common area that changed the way residents use the space. It was partitioned into four rooms (kitchen, dining, media, and community), a change that contributed to greater use.<\/p>\n

The community\u2019s REAC score jumped from a score of 42 before the purchase to a score of 95 after the work was done.<\/p>\n

\u201cRiverwood Apartment\u2019s goals include continuous physical improvement, inventive services for the residents, and a good returns for the owner.\u00a0 We are proud of their accomplishments and congratulate the Community Manager, Todd Rife on leading this property,\u201d said Johnson.<\/p>\n

Alco\u2019s portfolio is comprised of 75 percent affordable housing units. The company uses Yardi Voyager<\/a> to manage its affordable housing portfolio, as well as Yardi Rent Processing<\/a>, Resident Screening<\/a>, and Portal Solutions<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco Management. Alco\u2019s Riverwood Tower Apartments, a senior Section 8 property located in Madison, Tenn, was recognized for \u201cOutstanding Turnaround of a Troubled Property.\u201d Honorees will be recognized at the NAHMA winter meeting […]<\/p>\n","protected":false},"author":413,"featured_media":5013,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3236,4],"tags":[26,364,363,365],"class_list":["post-4980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordable-housing","category-news","tag-affordable-housing","tag-alco-management","tag-nahma","tag-riverwood-apartments"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Total Turnaround\" \/>\n<meta property=\"og:description\" content=\"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/total-turnaround\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-30T13:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:30:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"901\" \/>\n\t<meta property=\"og:image:height\" content=\"721\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/\",\"name\":\"Total Turnaround - Yardi Corporate Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg\",\"datePublished\":\"2013-01-30T13:00:14+00:00\",\"dateModified\":\"2026-02-22T23:30:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52\"},\"description\":\"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco\",\"breadcrumb\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.yardi.com\/blog\/total-turnaround\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage\",\"url\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg\",\"contentUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg\",\"width\":\"901\",\"height\":\"721\",\"caption\":\"Riverwood Apartments from the air\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.yardi.com\/blog\/total-turnaround\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.yardi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Total Turnaround\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\",\"url\":\"https:\/\/www.yardi.com\/blog\/\",\"name\":\"Yardi Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.yardi.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52\",\"name\":\"Leah Etling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g\",\"caption\":\"Leah Etling\"},\"description\":\"Leah Etling is the founding editor of the Balance Sheet and a 12-year Yardi employee who also oversees press releases and social media. An award winning journalist, she holds a master's degree from UC Berkeley and is a native of Santa Barbara County, Yardi's home.\",\"url\":\"https:\/\/www.yardi.com\/blog\/author\/leah-etling\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Blog","description":"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Total Turnaround","og_description":"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco","og_url":"https:\/\/www.yardi.com\/blog\/total-turnaround\/","og_site_name":"Yardi Blog","article_published_time":"2013-01-30T13:00:14+00:00","article_modified_time":"2026-02-22T23:30:13+00:00","og_image":[{"width":901,"height":721,"url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg","type":"image\/jpeg"}],"author":"Leah Etling","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leah Etling","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/","url":"https:\/\/www.yardi.com\/blog\/total-turnaround\/","name":"Total Turnaround - Yardi Corporate Blog","isPartOf":{"@id":"https:\/\/www.yardi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage"},"image":{"@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg","datePublished":"2013-01-30T13:00:14+00:00","dateModified":"2026-02-22T23:30:13+00:00","author":{"@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52"},"description":"The National Communities of Quality award winners for 2012 were recently announced by NAHMA, and congratulations are in order to Yardi client Alco","breadcrumb":{"@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardi.com\/blog\/total-turnaround\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/#primaryimage","url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg","contentUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg","width":"901","height":"721","caption":"Riverwood Apartments from the air"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardi.com\/blog\/total-turnaround\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Total Turnaround"}]},{"@type":"WebSite","@id":"https:\/\/www.yardi.com\/blog\/#website","url":"https:\/\/www.yardi.com\/blog\/","name":"Yardi Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52","name":"Leah Etling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g","caption":"Leah Etling"},"description":"Leah Etling is the founding editor of the Balance Sheet and a 12-year Yardi employee who also oversees press releases and social media. An award winning journalist, she holds a master's degree from UC Berkeley and is a native of Santa Barbara County, Yardi's home.","url":"https:\/\/www.yardi.com\/blog\/author\/leah-etling\/"}]}},"jetpack_featured_media_url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/01\/Riverwood-Aerial-Finished-Photo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/4980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/users\/413"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/comments?post=4980"}],"version-history":[{"count":10,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/4980\/revisions"}],"predecessor-version":[{"id":26936,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/4980\/revisions\/26936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media\/5013"}],"wp:attachment":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media?parent=4980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/categories?post=4980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/tags?post=4980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}