Property of the Year 2021 Finalists

Each year the Austin Apartment Association recognizes outstanding individuals and properties who achieved excellence and are leaders in their field. The Property of the Year winners will be announced at the 2021 APEX Awards, on December 10, 2021, at the Renaissance Austin Hotel.

Properties Are Evaluated On These Categories

  • Staff and staff designations
  • Physical/visual inspection
  • Blind shop of the property
  • Online Reputation Assessment (ORA) Score

Judges for the staff and physical inspection categories are all members of the Austin Apartment Association. The blind shops are performed by an independent entity, and the ORA scores are provided by an independent research entity. Any property to be considered for an award were first nominated during the annual call for nominations.  

2021 Award Finalists

Amber Award (Affordable Housing)

Any affordable housing property. Must have income and rent restrictions on greater than 50% of the total number of units (e.g. HTC, AHDP, Bond, HOME, Housing Trust Fund, and COA Smart Housing)

Amethyst Award (Student Property)

More than 50% of the units are student-occupied.

C.A.R.E. Award

Creating an Amazing Resident Experience

Crystal Award (High-Rise)

Any property that has 10+ residential floors, has interior corridors, elevators, and a parking garage.

Diamond Award (50-299 units)

Any property built between 2000 and 2009 with 50-299 units.

Diamond Award (300+ units)

Any property built between 2000 and 2009 with 300+ units.

Emerald Award (50 – 299 units)

Any garden-style property with four stories or fewer and surface parking built between 2010 and 2019.

Emerald Award (300 + units)

Any garden-style property with four stories or fewer built between 2010 and 2019.

Onyx Award (Renovation Award)

Any property with renovations having been done within the last three calendar years. The property must meet both interior and amenity renovations as identified.

Opal Award (Active Adult/55+) 

Any property where 85% of the residents are a minimum age of 55+

Pearl Award (Lease-up)

Affordable and mid/high-rise not included in this category) Any property that is less than 12 months old, either at the time of nomination or within one year of 1st move in at the time of nomination.

Rise Above Award

Gave back to the community.

Ruby Award (50-299 units)

Any property built prior to 1989 with 50-299 units.

Ruby Award (300+ units)

Any property built prior to 1989 with 300+ units.

Sapphire Award (50-299 units)

Any property built between 1990 and 1999 with 50-299 units.

Sapphire Award (300+ units)

Any property built between 1990 and 1999 with 300+ units.

Topaz Award (Mid-Rise)

Any property that has 9 or fewer residential floors, has interior corridors, elevators, and a parking garage.