ATLANTA/ APRIL 09, 2019 (STL.News)
AvenueWest Global Franchise, the largest provider of managed corporate housing in the United States, announces the expansion and new ownership team of AvenueWest Atlanta. According to Phocuswright, a leader in hospitality analytics, the corporate travel demands for residential hospitality options are at an all-time high. AvenueWest Atlanta, which specializes in managed corporate housing residential rentals for monthly lodging, is now poised for growth and expansion.
In keeping with today’s modern world of evolving millennials, business partners Cherie Hill and Tyler Jackson, began their business relationship over Instagram. Cherie is a longtime Texas real estate agent with over 10 years of experience working with investors and home buyers and first learned about AvenueWest back in 2015 as she worked to better diversify her real estate business. Cherie appreciated both the demand for managed monthly rentals and the investment opportunities it provides to real estate investors. A Houston native, Cherie looked to social media to find professional support to build her business and started working with Tyler Jackson a social medial strategist from Atlanta. Tyler was also familiar with furnished rentals through subletting her extra bedroom on Airbnb. From this simple beginning, Tyler and Cherie realized their knowledge of real estate, interest in hospitality and passion for quality would make for a great AvenueWest team.
When Cherie discovered there was an opportunity to purchase AvenueWest Atlanta she became a Georgia real estate agent and moved from Houston to Atlanta where she joined forces with Tyler. After working for the last month to learn how to implement the AvenueWest program of service, quality and choice they are now working locally to best develop a portfolio of AvenueWest Signature furnished corporate housing properties available for monthly leasing.
“Cherie and Tyler are an exceptional team with a strong background in real estate and customer service. AvenueWest Global is excited to have such a dynamic and professional team leading the growth of AvenueWest Atlanta,” stated Angela Healy the CEO of AvenueWest Global. Cherie and Tyler’s vision for Atlanta is to expand to meet both the growing demands of the business traveler and the needs of property owners to find the right management solution for their furnished rentals.
The AvenueWest Managed Corporate Housing real estate model allows private investors to connect their rental properties with business travelers. AvenueWest is seeing an increasing trend of out of state investors purchasing their retirement properties earlier than needed and then renting them to business travelers. Through investing in real estate today these savvy investors are taking advantage of the still low interest rates and will have the peace of mind knowing exactly what their lodging expenses will be in the future.
AvenueWest Atlanta continues to be a thriving business that not only provides property management services to owners of furnished homes being offered for rent, but also provides high-quality short-term rental properties to those in need of temporary housing. Cherie says her ideal clients include traveling business executives, relocating families, movie production teams, professional athletes, visiting medical professionals, government contractors and insurance companies in need of furnished homes for their displaced clients.
In today’s world of high demand residential lodging solutions for business travelers, AvenueWest Managed Corporate Housing continues to offer its award-winning real estate solutions that travelers and investors have relied on for over 20 years. Corporate Housing as a residential lodging solution is a multi-billion dollar industry that has been available to business travelers for decades. Traditional corporations, as part of their business travel policies, do not allow their employees to stay in individual Airbnb rentals. Business travelers need the service, quality and security offered through a professionally managed corporate housing property.
According to CHPA / Corporate Housing Providers Association, “This type of lodging is more than just a place to stay; it is a much-needed service provided for employees experiencing a training or transition. It in turn helps employers achieve their business goals by cultivating more engaged and focused employees. It is estimated that the annual collective U.S. domestic employee transfer volume for Fortune 500 companies is 244,595.” As businesses expand and require specific talent, they rely on AvenueWest Managed Corporate Housing to meet the housing needs of their employees. The average AvenueWest tenant stays over 100 days. These furnished rentals are a true home away from home.
AvenueWest Managed Corporate Housing was founded in 1999. In 2010, AvenueWest Global Franchise was established to expand the business and corporate housing services throughout the United States. In 2019, AvenueWest Canada was launched to continue to expand the franchise program into Canada. Currently, AvenueWest Global Franchise has 13 offices located in Atlanta GA, Boulder CO, Colorado Springs CO, Dallas TX, Denver CO, Denver South / DTC CO, Fort Collins CO, Las Vegas NV, Phoenix AZ, San Francisco CA, Scottsdale AZ, St Louis MO and Tucson AZ. https://avenuewestfranchise.com/
About AvenueWest Investment Fund:
AVENUEWEST INVESTMENT FUND I, LLC, is a Delaware limited liability company. The Fund’s investment strategy is to acquire and provide short-term rentals of corporate housing properties. Fund I will expand the proven real estate investment strategy AvenueWest has been doing for individual investors for almost 20 years. The AvenueWest Management Team is led by executives with over 25 years of industry experience with an extensive understanding of market dynamics and the ability to identify opportunities in this specific asset class.