A specialist multifamily operator headquartered in Costa Mesa - 750+ units across six states, focused on owner returns under heavy California regulation.
Our Mission
A specialist operator - not a generalist.
NextGen Properties was founded on a focused premise: multifamily properties are their own discipline, and they deserve a manager who treats them that way. We don’t take on single-family homes, individually-held condos, or short-term rentals. Multifamily properties are the entire focus - and 26 years in, that focus shows up in everything from rent-control fluency to renovation cost discipline.
Headquartered in Costa Mesa and operating across California, Arizona, Nevada, Utah, Texas, and Florida, we bring a boutique, hands-on approach to every building in our portfolio - from identifying the right acquisition to delivering exceptional day-to-day management under AB 1482, the LA RSO, the Santa Ana RSO, and Pasadena Measure H.
What sets us apart is our integrated platform. We don’t just manage multifamily properties - we acquire, develop, and build them too. That full-cycle capability gives owners and co-investors an unmatched advantage and keeps our underwriting grounded in real operational data.
We do what we say. Every commitment to an owner, investor, or resident is treated as a promise - and we deliver on it. Transparent reporting, honest communication, no surprises.
Responsive by Design
Whether it's a maintenance request at midnight or an investor question on a Sunday morning, our team moves fast. 24/7 responsiveness isn't a feature - it's our standard.
Community Focused
A multifamily property is a home for the people who live in it and a neighborhood for the block around it. We invest in the communities we manage so residents stay longer - which is also the most reliable lever on owner returns.
Results Driven
We're measured by the returns we generate for our owners and the satisfaction of our residents. Every decision - from maintenance vendor selection to leasing strategy - is made with that in mind.
Scalable Expertise
From a single 12-unit infill building to a multi-state apartment portfolio, our systems and team scale with the owner. Institutional-grade management without losing the boutique sensibility.
People Over Process
Systems matter, but people matter more. We hire for character and train for excellence - building a team that genuinely cares about doing great work for every client and resident.
Our Story
26 years on multifamily properties.
From a single Costa Mesa multifamily property to a six-state platform, NextGen Properties has grown by staying narrow and going deep.
2000
Founded in Costa Mesa
NextGen Properties is established in Costa Mesa with a single focus: professional, transparent multifamily property management for Orange County owners who were tired of generalist managers treating multifamily like a side business.
2005
First Ground-Up Development
After building a strong multifamily property management portfolio across Orange County, NextGen oversees its first ground-up multifamily project from site acquisition through delivery.
2010
In-House Construction Division
Multifamily renovations were getting bid out at GC markups that destroyed value-add returns. We brought construction in-house - one accountable team for the full multifamily lifecycle, no third-party execution risk.
2016
Sun Belt Expansion Begins
Investors are moving capital out of California into Phoenix and Las Vegas. We follow with the operating model intact - entering Arizona and Nevada, applying the same multifamily discipline to new markets.
2019
AB 1482 Becomes Law
California passes statewide rent control. We rebuild leasing, noticing, and renewal workflows around AB 1482, the LA RSO, the Santa Ana RSO, and Pasadena Measure H. Compliance becomes a core competency, not a panic.
2022
Phoenix Develops Itself
Canyon Townhomes (57 units, Alhambra) and Elevation Townhomes (48 units) deliver in Phoenix - 105 Class-A units we sourced, entitled, built, and now manage ourselves. Sister brand NextGen Coastal launches to handle coastal SFRs and vacation rentals.
Today
750+ Units, Six States, One Standard
750+ apartment units under management, an integrated platform spanning acquisition, development, management, and construction, and the same multifamily focus that defined the company on day one.
The People Behind It
Leadership that stays involved.
Our executives aren't behind a desk - they're on-site, hands-on, and actively engaged in the day-to-day success of every community we manage.
Chris Kerstner
Chief Executive Officer
With 26+ years in multifamily real estate, Chris founded NextGen Properties on the principle that multifamily owners deserve a specialist operator - not a generalist. He remains actively involved in every major acquisition and the cost discipline behind every renovation.
Operations Leadership
VP of Operations
Our operations team oversees multifamily property management across all six states, ensuring every building runs smoothly, every rent-control compliance step is documented, and every owner receives the transparent reporting they deserve.
Acquisitions Team
Director of Acquisitions
Our acquisitions directors source, underwrite, and close multifamily assets across our six-state footprint - using real operational data from our managed portfolio rather than broker pro formas, and building long-term value for co-investor partners.
Why Choose Us
The NextGen difference.
Fully integrated platformAcquisition, development, construction, and management - all under one roof, with one point of accountability.
Rent-control fluency where it mattersAB 1482 with current 2025-26 caps, the LA RSO, the Santa Ana RSO, and Pasadena Measure H built into the operating model. Local talent in every California submarket.
Executive-level involvementOur leadership team is on-site and engaged - not managing from a corporate office. Your multifamily property gets real attention from real decision-makers.
Transparent financial reportingReal-time reporting, no hidden fees, and clear monthly statements that actually tell you where your money goes and how your investment is performing.
98% resident satisfactionHappy residents stay longer, pay on time, and take better care of buildings. In a rent-controlled market, retention is the most reliable lever on owner returns - and we treat it that way.
Ready to work with us?
Whether you own one multifamily property or a portfolio, are exploring co-investment, or are looking for your next apartment home - we’d love to connect.
Beyond multifamily properties, we operate three sister brands. NextGen Coastal handles coastal single-family and vacation rentals along the Southern California coast - the work we deliberately don’t do under the NextGen Properties banner. Dwell extends into affordable modular communities, and NextGen WiFi powers managed bulk internet for multifamily.