Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company with a portfolio value exceeding $3.7 billion, has promoted Lucas Bonds to Regional Portfolio Manager for the company’s Raleigh, North Carolina region. Bonds joined CRC last year as Community Manager at Millworks Apartments in Atlanta, Georgia.
In his new position Bonds will oversee activities related to the daily operations of CRC’s four multifamily communities in the greater Raleigh metropolitan area. This involves reviewing the performance of critical metrics such as closing ratios and apartment turn times pertaining to each asset, conducting on-site assessments to enhance community aesthetics, providing training and mentoring to team members, and leading and motivating the CRC team and various vendor groups. He will also participate in corporate events and meetings related to on-site operations. CRC owns and manages four multifamily communities in the greater Raleigh area: The Edison Lofts Apartments, St. Mary’s Square Apartments, St. Mary’s Square North Apartments, and The Village Apartments.
Prior to joining CRC, Bonds worked at Greystar for four years as Community Manager where he cross-trained assistant and community managers in the Southeast region. Bonds earned a Bachelor of Arts degree in Business Administration from the University of Alabama at Birmingham and is pursuing his Certified Property Manager designation from the Institute of Real Estate Management.
“This well-earned promotion reflects Lucas’s demonstrated ability to implement swift changes with tremendous impact,” said Amy Asuquo, CRC’s Director of Property Management, Multifamily. “Lucas recently stabilized and improved occupancy in an extremely challenging multifamily market, reduced operational expenses, hired and trained a new team, and implemented strategies to increase overall resident satisfaction. We are confident that he is prepared to take the next step in his CRC career by overseeing a larger multifamily portfolio featuring high-profile communities.”
Headquartered in Baltimore, Maryland and founded in 1960, Continental Realty Corporation is a full-service commercial real estate and investment company focused on acquiring and operating retail and multifamily properties. The privately held firm owns and manages a diversified portfolio of retail centers consisting of almost eight million square feet of commercial space and over 9,000 apartment homes across 11 states, with a portfolio value exceeding $3.7 billion. For additional information, visit www.crcrealty.com.
