Woodlake Properties owns and manages apartment communities in six states. We buy to hold, and most of what we have bought we still own.
Ownership and management under one roof. Yisroel Kreiser founded Woodlake in 1988 and spent the first two decades buying and running apartment buildings in Northeast Philadelphia and its suburbs. Our own staff handles leasing, maintenance, and capital projects at every community, so the person deciding what to do about a building is usually someone who was standing in it that week.
In 2014 David Kreiser joined the company and began acquiring outside the Philadelphia market. Since then the company has grown into the Southeast and Midwest, each community bought to hold rather than to trade.
Today the portfolio is 50-plus communities and more than 6,000 apartments, a mix of conventional, affordable, and 55-plus housing. We are still privately held and still run by the family.
Decisions are made by the principals who own the portfolio, which keeps us patient. We can wait out a soft leasing season, spend on a roof when it is needed rather than when a fund calendar allows it, and renew a good resident at a fair rent instead of pushing for the last dollar.
Because we manage what we own, operating experience feeds back into acquisitions. We know what a 1960s garden community actually costs to run, where the deferred maintenance hides, and which capital projects residents notice. That is the lens we underwrite through.
Deals, partnerships, or questions about a community we run — the principals read what comes in.