AMC Honors Employees at Company’s 26th Annual Tribute Awards

March 19, 2024

Employees gathered for high-class pageantry and entertainment in an Academy Awards-style evening of celebration.

IRVINE, CA—March 19, 2024—Advanced Management Company’s 26th Annual Tribute Awards are officially a wrap! Employees and guests gathered recently for an evening of upscale  pageantry and entertainment while celebrating the company’s top achievers throughout the past year.


Hosted at the City National Grove of Anaheim, AMC pulled out all the stops at the annual event, complete with employees walking the blue carpet under the towering palms in the Grove courtyard, live social media photo galleries and mingling and socializing. Cocktails and hors d’oeuvres were followed by dinner and an awards ceremony, topped off with dancing the night away to live band Soulville.


According to AMC Cofounder Frank Holloway, the annual Tribute Awards gala is AMC’s opportunity to shine a spotlight on the people who deserve it most: the company’s employees.


“This is our chance to really give thanks to the team members for all their hard work,” Holloway said. “Year after year, they’re in the trenches. They’re dealing with all the issues that arise in property management. Our message to them is, ’Thank you. We appreciate you, and we’re glad you’re part of our team.’ We hope to continue growing and giving more opportunities to all our team members.”

The event, which in many ways evokes an overall Academy Awards presentation vibe, is something employees at AMC — an Irvine-based property management company overseeing more than 60 apartment home communities, with nearly 12,000 individual units — look forward to all year long. With the company spread out across Southern California, AMC President Danielle McCarthy said it’s always a welcome occasion when everyone gets together under one roof. 


“With our various locations, we don’t get to see everyone every single day,” McCarthy said. “The Tribute Awards have evolved over the last several years, and we’ve really raised the bar in how the entire evening unfolds. This year’s event was wonderful! Team members were dressed to the nines in black-and-white attire. I love to see everyone having a great time with their coworkers and plus-ones. It really feels like a family event.” 


When it comes to the awards presentation itself, McCarthy served as cohost with her brother-in-law Scott DeMint, who is General Manager of R³ Construction Services, Inc., AMC’s in-house construction division. The pair traded off announcing nearly all of the program’s 26 awards. DeMint, who always gives an introduction in Spanish — the first language for many of the company’s employees — said the entire event embodies the inclusive company culture AMC and R³ have built over the last 42 years.


“We’re here to celebrate uniqueness, celebrate everyone’s accomplishments and really try to demonstrate how much we all appreciate the on-site teams putting in tremendous work day in and day out,” DeMint said. “I think that’s really the cornerstone of the company since its founding. The way the owners treat everybody across the board is reflected in this whole event.”


Employees are nominated for awards in advance by their coworkers, but the nominations are not revealed until the presentation the night of the event. Like most award programs, each category included multiple nominees before one winner was revealed. Winners didn’t have to give an acceptance speech, but McCarthy noted that some of the most memorable and heartfelt moments each year occur when they do step up to the microphone.


“It is so fun to see the shock on people’s faces when they win, and it’s inspiring to see everyone cheering for their teammates and to hear their emotional acceptance speeches,” McCarthy said. “When people win who are so deserving, that’s always just such a highlight for me.”

One of the evening’s biggest awards, the Bruce H. Dohrman Memorial Award of Excellence, along with $2,500, was presented to Asael Sepulveda. The Dohrman family has been a close partner of Advanced Real Estate since the early days of the company. Bruce Dohrman was an incredibly smart, kind and influential man, and this award is given in his honor to someone who carries out these same qualities.

Other noteworthy honors included the Crystal Rhino for property of the year, as well as awards for Community Director, Service Director and Foreman of the Year, seven AMC Hall of Fame inductees, among others.


Nikki Lizardi, AMC’s Director of Human Resources, has been involved with the Tribute Awards from their inception and now handles the lion’s share of the planning and preparing. She’s seen the event grow from modest beginnings into the huge production it is today.

“When we first started, it was held in hotel banquet rooms as a luncheon event for employees only,” Lizardi said. “It kept getting bigger and bigger, and now it’s a bit of a challenge to find some place large enough to host us all. But we’ve turned it into this wonderful evening celebration for all the team members. It’s a magical night.”


Each year’s event has a different theme. This year’s was black-and-white elegance, but previous themes have included “The Great Gatsby” and a masquerade ball. The night generally closes with a live band, dancing, late-night snacks, gambling tables and a photo booth, and this year was no exception.


“We have quite a number of employees who love to dance and they really enjoy the band Soulville,” Lizardi said. “Everybody just knocks the house down with their dancing.”


Above everything, all the pomp and circumstance that goes into delivering such an enchanting evening is really just one big thank you to AMC and R³’s workforce.


“Our industry can be really challenging, so to be able to give back to the people who work so hard every day is very rewarding,” McCarthy said. “They deserve a night to let loose and celebrate all their dedication and hard work. It’s a great event to be a part of!” 


About AMC and R³

AMC is a subsidiary of Advanced Real Estate Services, Inc., a real estate investment company founded in 1982 by Richard Julian and Frank Holloway. AMC maintains and operates nearly 12,000 multifamily units in Southern California. R³ is a leader and innovator in the construction industry, specializing in high-volume renovations for multifamily clients in Southern California. Find out more at amcliving.com or r3construction.com.




Advanced Real Estate Acquires 126-Unit Rowland Heights Community

June 5, 2026
Irvine, CA – Advanced Real Estate has acquired the 126-unit Casa La Paz apartment community in Rowland Heights, California. The property has been rebranded as “The Rowland” and will undergo a comprehensive renovation program including exterior improvements, upgraded interiors, and enhanced community amenities. The acquisition marks the fifth property acquired in the past 8 months by their most recent Investment Fund, Advanced Fund 24-3. The other properties include two luxury apartment towers totaling 393 units in Hollywood as well as 138 units in West Covina and 104 units in Santa Ana. The Hollywood acquisition in late April was the largest apartment purchase made by any firm so far this year in Southern California. Advanced’s portfolio now includes over 13,000 apartment units in Southern California with a market value of $5 billion. Originally developed as a long-term family-owned asset, the Rowland was acquired utilizing Advanced’s unique 721 tax-deferred “exchange and contribution” structure. Through this process, the former ownership group contributed the property into the fund in exchange for partnership interests in Advanced Fund 24-3. Some of those partners in the seller’s partnership preferred a cash payout, which Advanced provided at closing. “Many apartment owners want to preserve equity and defer taxes while still transitioning away from the inherent risks of ownership as well as the day-to-day management responsibilities,” said Richard Julian, CEO of Advanced Real Estate. “Our structure allows owners to contribute their property into a solid and diversified institutional-quality portfolio while maintaining investment participation for the long term. It’s a strategy we’ve successfully implemented across numerous acquisitions.” Located in the San Gabriel Valley, The Rowland benefits from strong regional demographics, proximity to major employment centers, and convenient access to retail, dining, and transportation corridors. Advanced plans to execute a comprehensive value-add renovation strategy designed to modernize the community and enhance the resident experience. “Rowland Heights represents a highly desirable suburban Southern California rental market because of its central location and strong long-term fundamentals,” said Paul Julian, President of Advanced real Estate and Richard’s son. “We see substantial upside by repositioning this property through thoughtful renovations and professional management while creating long-term value for both residents and investors.” Property management will be handled in-house by Advanced Management Company (AMC), while renovations will be administered through Advanced’s affiliated construction company, R3 Construction Services. Advanced has increasingly utilized its 721 exchange and contribution platform as an alternative exit strategy for multifamily owners seeking tax efficiency, estate planning flexibility, and continued real estate ownership participation without active operational responsibilities. To learn more about investing in, or selling to, Advanced Real Estate, please visit www.advancedrealestate.com .

Advanced Real Estate Goes Hollywood with Purchase of Luxury Towers

April 28, 2026
Irvine, CA – Advanced Real Estate (Advanced) has made Southern California’s largest multi-family buy of 2026, purchasing the 200-unit Columbia Square Living (now renamed “Sky Hollywood”) and the 193-unit Jardine Hollywood towers. These acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California. The high-profile properties enjoy premium locations in the heart of the entertainment capital of the world. Sky Hollywood is situated a block south of Hollywood Boulevard at El Centro, and Jardine is located a block south of Sunset Boulevard at Ivar. They both offer luxury apartments with top-of-the-line amenities, including rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows, and luxury appliances. Each of the properties contains penthouses leasing from $12,000 to $20,000 per month. Current and past residents include film and television celebrities, social media influencers, professional athletes, and entertainment executives. Sky Hollywood and Jardine are two of only five apartment towers in Hollywood and make up over half of the stock of high-rise units. “With the World Cup and the Olympics coming to Los Angeles, along with movie and television production returning to the region, we feel the future looks bright for Hollywood. Entertainment is constantly changing, but Hollywood has stayed relevant in traditional media, social media, and technology,” said Paul Julian, President of Advanced. “Hollywood is one of the most recognized places in the world; no town has had a bigger influence on global popular culture. We’re honored to own these significant assets here.” This is the third acquisition for Advanced’s newest Opportunity Fund (Advanced Fund 24-3). They purchased “The Cove” in October, a 138-unit property in West Covina and Newhope Village, 104 units in Santa Ana late last year. They plan more Southern California apartment acquisitions in 2026. Advanced’s capital comes from their large “friends and family” network of investors. With a 45-year track record, they can raise significant funds to purchase some of the largest assets in Southern California. “Our business plan is to stay within our market where there are high barriers to entry and where we have a long history of operations,” said Rick Julian, CEO of Advanced. Property Management will be handled in-house by Advanced Management Company (AMC). They also plan cosmetic upgrades to the properties, which will be administered by their affiliated construction company, R³ Construction Services. The property was brokered by Blake Rogers, Senior Managing Director and National Multi-Housing Group Leader at JLL, Senior Director Dillon Bergum, and Managing Directors Alexandra Caniglia and Kip Malo of JLL Capital Markets. Kevin Mackenzie, President of JLL’s Capital Markets Group for the Americas, along with JLL’s Orange County-based Capital Markets team, including Senior Managing Director Greg Brown and Director Charlie Vorsheck procured two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The loan has an attractive 5.17% rate, fixed for 10 years, with interest-only payments. About Advanced Real Estate Advanced was formed in 1981 and currently owns and operates nearly 13,000 apartment units throughout Southern California, with a market value of over $4.5 billion. Advanced funds their investments with private equity. All property management and renovations are carefully administered through their in-house management and construction arms, Advanced Management Company and R³ Construction Services. This vertically integrated approach allows Advanced to most efficiently execute their business plan of acquiring value-add properties, renovating them to the highest standards, and then effectively managing them for the long term. To learn more about investing in or selling to Advanced, please visit www.advancedrealestate.com . About AMC Based in Irvine, CA, AMC is a subsidiary of Advanced Real Estate Services, Inc., a real estate investment company founded in 1982 by Richard Julian and Frank Holloway. AMC maintains and operates nearly 13,000 multifamily units in Southern California. Find out more at amcliving.com . To learn more about investing in or selling to Advanced, please visit www.advancedrealestate.com .

Advanced Real Estate Acquires 104 units in Santa Ana

December 3, 2025
Irvine, CA – Advanced Real Estate has acquired the “Newhope Village,” apartments adding to its 12,000+ unit portfolio in Southern California. “Newhope Village fits perfectly with our surrounding properties, we now have over 1,750 units in the City of Santa Ana” said Rick Julian, CEO of Advanced. “This creates even more efficiencies with management and renovations.” Advanced plans for significant renovations and upgrades to the property, including the addition of in-unit washer and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. These upgrades will be completed by Advanced’s in-house construction company, R3 Construction and in-house property management company, Advanced Management Company. The gated, podium-style property features a host of amenities including pool, fitness center and tot-lot. This is the second acquisition for Advanced’s newest Opportunity Fund (Advanced Fund 24-3). They purchased “The Cove” last month, a 138-unit property in West Covina and they plan multiple other Southern California apartment acquisitions in the coming year. “We were able to acquire this property through a 721 contribution which allowed a tax-deferred transaction for the family who owned it. They are now partners in our Fund and diversified amongst the other assets” said Paul Julian, Rick’s son and President of Advanced. Advanced’s investment offerings are open to their “friends and family” network which has now grown to over 1,000 investors. “We are always open to welcoming new investors either through cash and retirement investments, or through a contribution of their property, like in this case with Newhope Village” continued Rick Julian. Advanced retired a $9.5 million HUD loan and ultimately plans to place debt on the property providing even more capital to its $100 million+ Fund. About AMC Based in Irvine, CA, AMC is a subsidiary of Advanced Real Estate Services, Inc., a real estate investment company founded in 1982 by Richard Julian and Frank Holloway. AMC maintains and operates nearly 12,000 multifamily units in Southern California. Find out more at amcliving.com . To learn more about investing in or selling to Advanced, please visit www.advancedrealestate.com .