The New Jersey Center of Excellence in Bridgewater — Courtesy: Advance Realty
By Joshua Burd
A global trade association has recognized Advance Realty with an accreditation tied to high standards of property management, placing it in the company of fewer than 550 firms worldwide.
In a news release, Advance said it had earned the Accredited Management Organization designation from the Institute of Real Estate Management, or IREM. The association bestows the accreditation based on industry standards and best practices that are relevant to real estate management firms, their clients and the assets they manage, describing it 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, Bridgewater-based Advance currently owns or manages 10 million square feet across all asset classes, including The New Jersey Center of Excellence in Bridgewater, Steel Works in Harrison, Harlow and The Bexley in Hoboken and One Gateway Center in Newark.
“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.”