January 3, 2022 2 minute read

2021: Year in Review

2021 was full of exciting milestones and achievements for the Senné team. We’d like to share some of the highlights with all our clients and friends as we look towards 2022 and everything it has in store.

 


 

residential

Senné is the #1 independent brokerage in Cambridge in 2021*

And one of the top 100 brokerages in the Greater Boston market

Implemented several industry-leading real estate technologies to empower our associates

*Per market share, according to MLS

7 completed single family residences sold 

$1.84M average sales price

Established several investor partnerships for multifaceted development opportunities 

 


property management

Added 642 units to our portfolio with 35% portfolio growth from 2020

12 new hires in 2021 80% team growth from 2020

Maintained a <1% vacancy rate across entire portfolio

Rented 172 units from April 1 – September 1

 


structured investments

255 Grossman Drive acquired for $12,585,000

Raised $4.6M of investor equity

Attracted 20 new syndication investors with the offering

 


capital solutions

Closed over $16M of new financing

Engaged several investors on prospective opportunities

 


government affairs

Helped lead efforts in Congress to preserve like-kind 1031 exchanges

Engaged with local leaders on a variety of important issues

Contributed to housing policy analysis and initiatives for House Financial Services Committee

 


accounting

Fully automated the Accounts Payable systems in Sage and Buildium

Implemented Anterra to provide more robust, real-time financial reporting  

Reduced month-end close time to less than 3 weeks

 


marketing

22.7M total estimated impressions to date in 2021, an increase of 125% from 2020

64 media hits in outlets including Boston Magazine, Boston Herald, Chronicle, Boston Business Journal, NECN, The Boston Globe, Banker & Tradesman, and more

Official corporate partner of Boston College Athletics

 


company wide

Over 50 full-time employees, placing us in a new employee category

Piloted our first Co-op/intern program 

Added new benefits to further improve our wellness package in addition to a pharmaceutical discount program. 

Launched first-ever corporate volunteer program in conjunction with volunteer time off for employees

 


 

Published: January 3, 2022


Frank Hwang

Author

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