Better World Properties Merges with Sumar Realty
Houston, Texas – The Texas apartment world just got better. Terri Clifton, President of Better World Properties, LLC announced the formation of the Better World Family of Companies and the merger of Sumar Property Management into the new organization.
With national and international real estate expertise, the Better World Family of Companies is focused on Texas multifamily investment, apartment management, and redevelopment of conventional Class A, B, and C properties including, student housing, senior living and condominium conversions.
“I love what I do,” said Clifton. “Over the years, I’ve made a lot of money for a lot of people. We’ve put together a team that makes the apartment world even better!” In addition to Better World Properties, the Better World family includes Better World Holdings, LLC, Better World Consulting and the renowned Sumar organization. Long-time veterans of the multifamily industry head each Better World entity.
“Collectively, we bring apartment life cycle solutions to multifamily owners, investors and residents – all under one roof. We offer licensed apartment management in Texas, apartment process and performance consulting, multifamily deal generation, real estate entity structuring, new apartment development, and financing solutions. Bringing it all together under one roof is how we make it a better world,” Clifton said with a smile as big as Texas.
The announcement and merger culminates 100+ years of combined experience in multifamily property management and investment services. Industry leader, Larry Hill, Founder of Sumar Realty, a former Houston Apartment Association president, and HAA Hall of Fame inductee will remain on the Better World Properties’ board of advisors. Click here to view the full list of services at the Better World Family of Companies.
Hill’s background includes national multifamily management and investment as well as office and mixed-use development. For decades, Hill has worked diligently to improve the multifamily industry through the Houston Apartment Association, the Texas Apartment Association and the National Apartment Association. In addition to overseeing 22,000+ units all at one time, he helped The Department of Housing and Urban Development (HUD) reposition multifamily assets, organized housing for victims of Hurricane Katrina, and was a long-time owner of the Houston House high-rise apartments.
Said Hill, “Terri is a dynamic leader. I am proud and excited that her organization, Better World Properties, is carrying on the Sumar legacy. I have watched as Terri has made the multifamily industry better.”
Terri Clifton’s story encourages us all to dream big and never give up. “I started with a bean bag and a television set,” she explains. “Nobody has to tell me how hard it is to pay rent.” As a single mom in Texas, far from her native Indiana, Clifton began her career leasing apartments in exchange for rent. She immersed herself in the multifamily industry, worked her way up through the executive ranks, and eventually became a multifamily investor herself. She spent time in asset management and new development touching on all phases of the complete apartment life cycle. Earning her broker’s license, Terri led the way creating a new vision of a Better World in the multifamily industry. Her two partners, Michael Knight and Reuven Bisk were more than happy to join in her vision.
Reuven Bisk, CFO and General Counsel for Better World Properties President of Better World Holdings, has international real estate experience and a unique eye for deal generation, real estate investment and capital formation. Bisk has served as counsel for 40+ public and private, stock, bond, and partnership units and has structured and closed $500M+ in transactions in the corporate, real estate, energy, and leasing sectors.
“Assisting multifamily investors increase value, lower costs and minimize risks is my passion. I love the challenge of finding a better way,” said Michael Knight, Principal of Better World Consulting and Vice President of Operations for Better World Properties. In recognition of his contributions to the service industry, Knight received the 2016 Walter L. Cook Award for Distinguished Service from the Building Service Contractors Association International.
Texas continues to be one of the preferred markets for global apartment investors. The Better World Family of Companies is well positioned in Texas to provide property management in Houston, property management in San Antonio, property management in Dallas, as well as Austin property management and all others areas across the great state of Texas. With the added benefit of process improvement, multifamily financing solutions and deal formation all under one roof, Better World is unique leader in apartment management, services and investment. Prudent multifamily investors who require boots on the ground to effectively oversee assets and build profitable multifamily portfolios find Better World Properties LLC and the Better World Family of Companies a welcome and refreshing change in the industry with complete apartment life cycle solutions all under one roof.
Welcome to a Better World
Apartment Life Cycle Solutions – All Under One Roof
Welcome to the Better World Family of Companies.
Better World Properties™, Better World Holdings™, Better World Consulting™ and Sumar Property Management.
We know apartments. Inside out. We provide full service apartment management, apartment process and performance consulting, and multifamily equity and financing solutions. We carefully crafted our business model to address the full life cycle of apartment investment. No more shopping for this service or that service.
We bring complete apartment life cycle solutions together under one roof with apartment property management, multifamily equity, deal formation, creative and custom financing solutions, multifamily investor services, training, staffing, apartment rehabilitation and reposition, multifamily acquisition, uncover hidden value, disposition and multifamily process improvement – all under one roof.
We are focused on Texas.
The Better World Family of Companies: Better World Properties, Better World Holdings, Better World Consulting and Sumar Property Management are focused on Texas. As residents of the Lone Star state, with headquarters in Houston, the principals of the Better World Family of Companies live, work and play in Texas and know the potential for return on multifamily investment in Texas. With decades of experience in the Texas multifamily industry, the principals of Better World have an unparalleled understanding of the Texas multifamily real estate market and where opportunities abound.
Texas has always been on the prudent multifamily real estate investor’s list. In 2013, Time Magazine wrote an article titled, “The United States of Texas – Why the Lone Star State is America’s Future”.¹ In 2016, Texas was home to five of the 11 fastest-growing cities and five of the eight that added the most people.²
So, why have more Americans moved to Texas than any other state in the United States? A big draw for business, Texas has no state income tax. According to the state of Texas, there are 54 Fortune 500 companies headquartered in Texas and no, not all of them are oil related. The state has diversified from oil over the years and is now home to a myriad of industries. Some of the Texas Fortune 500 companies include Exxon Mobil, Southwest Airlines, iHeartMedia, Dr Pepper Snapple Group, AT&T, Sysco, Kimberly-Clark, Tenet Healthcare, United Services Automobile Association and the list goes on.³
The economy in the state of Texas is one of the largest in the country. As a sovereign country (2014), Texas would be the 12th largest economy in the world by GDP.³ The state has the second largest population in the country after California.4 The estimated population from the 2016 census is 25,146,105 people.5 And, what do all thee Texans need? Apartments.
Legendary Apartment Management
Better World Properties provides energetic apartment management and ancillary services with a focus on Texas. 75+ units and up. Class A, Class B and Class C, including senior and student housing. Services include conventional apartment property management in Texas, apartment construction management and lease-up, multifamily accounting and reporting solutions, apartment maintenance solutions, multifamily vendor selection and management, creative apartment marketing solutions apartment rehabilitation and reposition, and apartment disposition. We manage single apartment properties up to multi-million dollar, multi-property apartment portfolios.
The 2017 merger of Sumar Property Management into Better World Properties brings legendary apartment management expertise combining over 100+ years of experience.
Acquire and Invest With Us
Better World Holdings facilitates multifamily deal formation, apartment acquisition strategies, apartment financing solutions, multifamily debt restructuring, real estate entity structuring, apartment bridge loans, and multifamily investment opportunities throughout the state of Texas. Our expertise lies in deploying capital and skill to economically improve return on investment from multifamily real estate assets in Texas.
Multifamily Process Improvement
Better World Consulting is known for implementing efficient operational infrastructure and custom process improvements to assist apartment owners and multifamily investors increase value, lower operating costs and minimize risks.
Michael and his team bring a much needed skillset to the Texas apartment world with a unique eye for combining the macro and micro view on improvement processes resulting in a better world for tenants, multifamily investors to apartment owners. Better World Consulting provides apartment management support, custom apartment market analysis, strategic apartment business development, multifamily process improvement, multifamily staff training and apartment facilities optimization.