Industry Experts with a Personal Touch
Founded in 1981
Ludwig and Company was founded by its President, Alan Ludwig, in 1981 to develop and manage Hickory Manor Apartments. Hickory Manor Apartments, a 120 unit Section 8 community located in Waukegan, Illinois was the first property that Mr. Ludwig developed. Shortly afterwards, Mr. Ludwig developed 2 market rate communities, Pembrook Club Apartments, consisting of 280 units located in Gurnee, Illinois and Skyridge Club Apartments consisting of 180 units located in Crystal Lake, Illinois. Due to the success of these properties, Ludwig and Company was approached by developers and investors to manage their existing and new construction projects. Today Ludwig and Company manages approximately 5,300 units and 45 apartment communities.
Managing LITC Properties since 1995
Ludwig and Company entered into its first contract to manage a Low Income Tax Credit (LITC) property in 1995. Through researching and studying the government regulations, attending seminars held by government agencies and industry experts, and day to day experience, our Compliance Director, Rosemary Wellington, developed a standardized compliance program to meet the documentation and reporting requirements of our Low Income Tax Credit properties.
We have earned an excellent reputation with local, state and federal government agencies by providing timely and accurate reporting, facilitating open communication and cooperation, and keeping abreast of all new regulations and requirements. Additionally, Ludwig and Company is recognized by lenders and syndicators as a preferred management company well versed in the necessary Tax Credit procedures, documentation and reporting requirements. Currently, due to our demonstrated expertise and success in managing the sometimes complicated and cumbersome compliance requirements of LITC properties, our portfolio has grown to 21 LITC multi-family and senior properties with several additional upcoming contracts currently in the development and construction phases.
Growth Though Your Success
Ludwig and Company oversees our portfolio through the expertise of our accounting, compliance and maintenance departments. The director of each of these departments visits every community a minimum of 2 or 3 times per month to provide guidance to the onsite staff based on their particular area of expertise. The Directors meet weekly with Ludwig and Company’s Executive Board to report on each community’s occupancy, delinquency, marketing, leasing statistics, personnel, upcoming government and financial institution inspections, as well as major maintenance and capital improvement projects.
Ludwig and Company has shared in our client success through building our management portfolio as our clients continue to develop new communities. We manage multiple properties for the majority of our clients and have partnered with many of our clients for decades. We believe this repeat business and long term partnering is a reflection of our management expertise as well as our commitment to maximize the value of each community while protecting and safeguarding our client investment.
A Consistent, Seasoned Team
It would not be complete to introduce Ludwig and Company, without discussing the nuts and bolts of our organization: our people. Our Executive Board has worked together for over 20 years. All of our Management Team Directors have also been on the Ludwig team for several years. Many of our corporate and onsite employees have celebrated 10, 15 and 20 year service anniversaries with us. We are very proud of the continued commitment and longevity of our Ludwig team. Ludwig and Company can offer our clients a consistent, seasoned management team who are easily accessible, well informed about each community, and eager to share their expertise.
Ludwig and Company continues to enjoy a diverse mix of luxury, market rate, low income tax credit and government subsidized apartment communities in our portfolio We are excited to apply our expertise to your developments as we grow our businesses together.