Investment Experience & Results

DRS Management, LLC, formerly Dunes Residential Services, provides a variety of services primarily in the multifamily housing industry including the following:

  • Property Management

  • Asset and partnership management

  • Lease-up and marketing services

  • Development and development management

  • Property inspection

  • Construction management

  • Arrangement of debt and equity financing

  • Financial workouts

  • Repositioning and rehabilitation of multifamily projects

  • General feasibility consultation

  • Third-Party Management

The core business of DRS has been the management of multifamily rental properties since 1983.


DRS development has included the 240-unit Dunes at St. Andrews in Overland Park, Kansas, the 240-unit Dunes at Eastland Center in Independence, Missouri, the 208-unit Dunes at Falcon Valley in Lenexa, Kansas, and the 120-unit Province of Briarcliff in Kansas City, Missouri.

Investment Experience & Results


DRS and its founder, Ward A. Katz, have sponsored investments in excess of $125 Million in institutional-grade properties since 1983. During that period successful ventures have been formed for the development acquisition and rehabilitation of properties in Eastern Kansas, Western Missouri, and North Texas. These ventures have yielded outstanding financial results for its investors and have accorded Katz and DRS a reputation for acumen and diligence in the formulation and execution of its sponsored ventures and of high integrity in dealings with their stakeholders.

Community Involvement


DRS is a member of The Apartment Association of Kansas City and The Institute of Real Estate Management.  All DRS associates are highly encouraged to be involved within their own communities and contribute to organizations that develop the local areas and support our industry. 

Awards & Designations

  • AAKC Owner of the Year 2007 – Ward Katz

  • AAKC Best Clubhouse over 20 years 2007 & 2008 – The Dunes at City Center

  • AAKC Best 2 bedroom Model 2007 – under 2 years – The Dunes at Eastland Center

  • AAKC Best On-site Newsletter 2007 & 2008 – The Dunes at St. Andrews

  • AAKC Best Property Renovation 2008 – The Dunes at City Center

  • AAKC Best Clubhouse 2007 – The Dunes at City Center

  • AAKC Best Property Activities 2003 – 2006 – The Dunes at City Center

  • AAKC Associate Council Award 2002 – The Dunes at City Center

  • AAKC Best One Bedroom Model 2008 – The Dunes at Falcon Valley

  • AAKC Associate Council Award 2008 – The Dunes at Falcon Valley

  • AAKC Best Two Bedroom Model 2008 – The Dunes at Falcon Valley

  • National Council of Multifamily Housing Industry (a committee of NAHB) and Registered Apartment Managers Program Award for Best Lowrise Apartment – Camden Passage Apartments

  • Home Builders’ Association of Greater Kansas City – Best Maintenance Provided Community – Prairie Villas at Falcon Valley

  • Institute of Real Estate Management – Certified Property Manager – Ward A. Katz

  • Assistant Manager of the Year 2008 – The Dunes at City Center

  • Assistant Manager of the Year 2006 – The Dunes at St Andrews

  • Maintenance Technician of the Year 2008 – Four Seasons Apartments

  • Satisfacts prestigious Exceptional & Superior ratings 2010

  • Institute of Real Estate Management – Certified Property Manager – Ward A. Katz

  • National Apartment Association-Certified Apartment Portfolio Supervisor- Liz Pence

  • National Apartment Association- Certified Apartment Manager- Liz Pence, Trisha Stout

  • National Apartment Association-National Apartment Leasing Professional-Kaylyn Niles