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About the Property Management Association Apartment Community Excellence Awards

Anticipated to attract 200 properties in 2024, the Property Management Association Apartment Community Excellence Awards offer a prestigious platform for showcasing management distinction and achieving industry recognition.

 

Check Out These PACE Resources

 

PACE Categories

PMA takes the following factors into consideration when categorizing entries to ensure that properties are competing with comparable assets:

  • Property Type:
    • Lease-Up (communities less than one year old or that have not stabilized yet)
    • Market Rate (stabilized communities assessing the prevailing monthly cost for rental housing within the free market for at least 75% of units)
    • Senior (55+ communities that are at least 75% senior, including affordable, market-rate and mixed-income communities)
    • Affordable (communities participating in a government funded, insured or otherwise sponsored program that results in rent that are below market-rate for at least 75% of units)
  • Year Built:
    • Vintage (properties constructed prior to 1990)
  • Location: DC, MD or VA (Note, PACE boundaries go as far north as Columbia, MD, as far south as Woodbridge, VA, as far east as Annapolis, MD and as far west as Leesburg, VA. Communities outside of the published borders, e.g., Baltimore, Frederick, etc., may apply, but acceptance is subject to receiving at least four entries in that sub-market.)
  • Average Rental Rate (as reported by the property during the application process)

 

2024 PACE Awards Timeline

  • February - May 31, 2024: PACE Entry Period
  • June 9 - September 27, 2024: PACE Evaluation Period. PACE evaluations will be conducted onsite with a SURPRISE visit from a pair of PACE judges. PACE visits take place Tuesday through Friday, between 9 a.m. and 5 p.m. PACE visits will not take place during the first seven days of the month or on holidays.
  • November 7, 2024: PMA's Awards Ceremony - Celebrating Excellence in The Property Management Industry

 

2024 PACE Entry Fees

 

Early Rate 

Ends April 7

Regular Rate

Ends May 5

Late Rate

Ends May 31

Member $350 $400 $450
Nonmember $510 $560 $610

Entry fees are due within 30 days of receipt of invoice. In keeping with PMA's Event and Program Policies, PACE Award entries may be withdrawn or transferred but are not refundable. All requests for transfer must be made more than 30 days prior to scheduling of evaluation/consideration and/or 90 days prior to the event at which award winners will be announced. Additionally, any community that is unavailable for evaluation after receipt of proper notice will forfeit the opportunity to participate in the competition, and entry fees will not be waived/refunded.

 


    Check Out the 2023 PACE Award Winners