DENVER — Jason McIntosh, president of Granite Management Group, an affiliate of Santa Barbara-based Granite Capital Group (GCG), was named a finalist for the Most Outstanding Executive of the Year award presented by the Apartment Association of Metro Denver. McIntosh was honored at the association’s “Tributes 2018” awards ceremony on November 9.
“It’s a huge honor to be a finalist,” says McIntosh. “The industry has a number of excellent property management companies. We are a two-year-old firm and this validates that our approach is on the right track. It will be exciting to see where we go in 2019 and beyond.”
McIntosh has more than 20 years of experience working in various aspects of the multifamily apartment industry. In 2016, he joined GCG. In 2017, he co-founded Granite Management Group with Bruce Savett, GCG founder and principal, to provide comprehensive management services to multifamily properties in the greater Denver area.
October marked the sale of three GCG properties; The Edge, Rise and VUE at $56.35 million, with a total of 302 apartment units and a return of approximately 30 percent per year total return to investors on invested capital. Granite Management Group successfully managed all three properties, becoming an integral part of the high return on assets.
“The sale was a huge success for not only our investors but for our approach to managing properties,” says McIntosh. “We were able to take 1970s vintage properties that were struggling and prepare them for sale by instituting a value-add program. It was a record sell price per-door in the Cherry Creek area.”
Current holdings in Colorado managed by Granite Management Group include the 167-unit Enclave Belle Creek in Henderson, 105-unit Enclave Rigden Farms in Fort Collins, Kipling Commons, a 48-unit residential development in Arvada and the 169-unit Enclave Vista Ridge in Erie.