Draper and Kramer, Incorporated, a national real estate services firm, is pleased to announce it has promoted David Newton to the position of regional property manager. In his new role, Newton will oversee two rental properties in Draper and Kramer’s Chicago-area management portfolio: 1130 S. Michigan, a luxury high-rise in the South Loop neighborhood; and 1350-1360 N. Lake Shore Drive, a 740-unit apartment community in the Gold Coast.
“Not only has David demonstrated leadership and initiative in every role he has held since joining our team, but he has also shown a real commitment to professional development and upholding our industry’s highest standards,” said Julie Johnson, senior vice president and director of management services with Chicago-based Draper and Kramer. “We know he is more than ready for the additional responsibilities that come with this position, and we’re incredibly proud to see him take on a new role with energy and excitement.”
As regional property manager, Newton will oversee a total of 1,396 rental units and five commercial spaces across 1130 S. Michigan and 1350-1360 N. Lake Shore Drive, as well as a team of 56 employees. Most recently, he served as property manager of 1350-1360 N. Lake Shore Drive, with direct responsibility for all aspects of operations for the community, including finances, management of on-site employees and supervision of resident services. An eight-year veteran of the residential management industry, Newton joined Draper and Kramer in 2013.
Newton is active with a number of industry groups including the Institute of Real Estate Management (IREM) and the Chicagoland Apartment Association. He holds IREM’s Certified Property Manager (CPM) and Accredited Residential Manager (ARM) designations, and was named ARM of the Year by IREM’s Chicago chapter earlier this year. A graduate of Xavier University, Newton holds bachelor’s degrees in business administration and marketing.
One of the largest property management firms in Chicago, Draper and Kramer has a residential management portfolio of more than 10,000 rental units across Chicago, St. Louis, San Antonio and Minneapolis, as well as 25,000 condominium residences throughout Chicago.
About Draper and Kramer
Founded in 1893, Draper and Kramer, Incorporated is celebrating 125 years as a trusted financial and property services provider with a deep commitment to people, excellence, service and integrity. Family-owned and one of the leading privately held real estate services firms in the U.S., Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company’s decades-long heritage has evolved over the years to meet the needs of its clients and today spans expertise in residential and commercial development, acquisition, property management and leasing; debt and equity financing for commercial properties; and residential mortgage services through affiliate Draper and Kramer Mortgage Corp. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of real estate investors across the U.S including corporations; private and institutional owners and users of real estate; government agencies; condominium associations; and foundations.