CWS Corporate Housing Forms Strategic Partnership with Vest Residential
CWS Corporate Housing is once again strengthening their offering through a new strategic partnership with Vest Residential – a full service property management company with more than 20,000 Class A and Class B multi-family residences across eight states. This move creates the largest corporate housing partnership in the U.S., allowing for mutually-beneficial lease agreements that simultaneously increase occupancy at Vest Residential communities, while offering more flexible terms to CWS Corporate Housing clients.
This alliance marks CWS Corporate Housing’s seventh such strategic partnership – with four formal exclusive agreements and three large management company preferred agreements, in addition to the 2019 acquisition of Gables Corporate Accommodations.
Jill Pollard, VP of Strategic Partnerships, is responsible for penning these exclusive agreements. “These agreements allow us to set a higher level of service expectations not only for our clients and guests, but also for the properties and management companies,” says Pollard, “ It’s a win on all sides.”
The operational standard across the corporate housing industry calls for 6-12 month leases, which often is longer than guests’ desired length of stay. This creates several days, weeks, or even months of vacancy carrying costs. CWS’s distinctive approach allows the company to match lease terms and avoid an unnecessary layering of fees. Additionally, because of their deep commitment to the industry and the high level of trust among their strategic partners, CWS is also better positioned to negotiate more favorable terms and fees for their guests.
“I am grateful that we have a focus on forging these widescale agreements across our portfolio,” claims VP of Sales and Marketing, Beth Hotze, “the positive outcomes are incredible.”
About CWS Corporate Housing
CWS Corporate Housing began in 1998 as a local corporate housing company founded by Tracy Hayes in Austin, TX. While working in property management for CWS Apartment Homes, Tracy saw a business opportunity for fully furnished short-term rentals for business travelers. What started out as an amenity at one Austin community has now developed into a multi-million dollar corporate housing company. For more information, visit cwshousing.com.
About Vest Residential
Vest Residential is a full-service third-party property management firm serving a select client base in the Southeast and Mid-Atlantic regions. Through a blend of technology, transparency, and personalized service, Vest delivers long-term value creation for clients and provides an enhanced resident experience. The Vest portfolio encompasses over 20,000 Class A and Class B conventional, affordable, and age-restrictive multifamily units. For more information, visit VestResidential.com.
“Partnering with CWS Corporate Housing is an exciting and groundbreaking alliance for us at Vest,” said Bob Moore, CEO and founder of Vest Residential. “This collaboration allows us to deliver even greater value and flexibility to the residents and property owners we serve, while enhancing the overall living experience across our communities.”
