Units back issues from October 2007:
Calendar.(Calendar)
Oct 01, 2007 ... <Pre> 2007 Assembly of Nov. 8-10Atlanta, Ga. InterContinental DelegatesBuckhead Atlanta 2008 Capitol Conference March 9-12 Washington, D.C. Omni Shoreham EducationJune 26-28 Orlando, Fla. ...
Building up the apartment industry.(OBSERVATIONS)
Oct 01, 2007; ... This month, UNITS tackles the topics of renovation, restoration and development in the construction process. Whether building a Class-A residence, managing a 1980s apartment community or renovating independent-living communities for Baby Boomers, apartment industry professionals need to ...
2007 leadership.
Oct 01, 2007 ... 2007 BOARD OF DIRECTORS [ILLUSTRATION OMITTED] Dave Watkins, CAPS NAA Chairman of the Board Greystar Management Services Tampa, FL [ILLUSTRATION OMITTED] Michael Tompkins CPM, CCIM NAA ...
Limited English proficiency legislation continues to move through House.(CAPITOL UPBEAT)
Oct 01, 2007 ... [ILLUSTRATION OMITTED] NAA/NMHC's efforts to seek a legislative solution to the U.S. Department of Housing and Urban Development's (HUD) onerous Limited English Proficiency (LEP) guidance continues to advance. The guidance, which went into effect March 7, requires apartment ...
Congress examines carried interest tax.(CAPITOL UPBEAT)
Oct 01, 2007 ... Both the House and the Senate held hearings Sept. 6 on how "carried interest" should be taxed. At stake is whether the carried interest that a general partner receives as part of a partnership venture should be ultimately taxed as a capital gain (present law) or as ordinary income. A bill ...
Judge temporarily halts 'no-match' rule.(CAPITOL UPBEAT)
Oct 01, 2007 ... On Aug. 31, a federal judge temporarily halted implementation of new immigration enforcement regulations that were to go into effect Sept. 14. The rule concerns "no-match" letters the Social Security Administration (SSA) or Department of Homeland Security (DHS) issue when an employer ...
Congress prioritizes war, spending bills.(CAPITOL UPBEAT)
Oct 01, 2007 ... Congress returned in September from its summer recess last week after a month off with a busy agenda that will likely be dominated by the debate on the Iraq war and the unfinished annual appropriations bills. Those issues will make many of the housing-related bills pending in Congress a ...
Housing office adjusts asset caps assessment.(CAPITOL BEAT)
Oct 01, 2007 ... On Sept. 19, the Office of Federal Housing Enterprise Oversight (OFHEO) modified the requirements governing how Fannie Mae and Freddie Mac oversee the mortgage purchases they retain in their portfolios. NAA/NMHC weighed in on the debate over where the GSE mortgage asset caps should be with ...
Terrorism insurance bill passes the house.(CAPITOL BEAT)
Oct 01, 2007 ... As members of the Coalition to Insure Against Terrorism (CIAT), NAA/NMHC continues efforts to extend the federal Terrorism Risk Insurance Act (TRIA) beyond its scheduled Dec. 31 expiration date. On Sept. 19, the House of Representatives passed a bill (HR 2761) that extends the ...
Data show shift in which markets offer concessions.(INDUSTRY INSIDER)
Oct 01, 2007 ... From a national perspective, the number of apartment communities offering concessions has stabilized over the past year to approximately one-third. What is dramatically different, however, is where those concessions are being offered. Across the 15,000 U.S. apartment communities ...
Economists: apartment demand, cap rates on the rise.(INDUSTRY INSIDER)
Oct 01, 2007 ... Demand for apartment residences is rising as mortgage foreclosures and residential-market delinquency rates continue their upswing, according to Reis Chief Economist Sam Chandan and Senior Economist Victor Calanog during a Sept. 6 conference call. For the sixth consecutive ...
Apartment Realty Advisors.(Movers and Shakers)
Oct 01, 2007 ... Apartment Realty Advisors added Casey Fry as a broker in its Austin, Texas, office. Fry's ...
SureDeposit.(Movers and Shakers)
Oct 01, 2007 ... SureDeposit named David A. Williamson Jr. its National Marketing Director. Williamson joined SureDeposit in 2001 as Northeast Regional Marketing Director. He continues to act as the primary liaison for SureDeposit clients and ...
WRH Realty Services Inc.(Movers and Shakers)
Oct 01, 2007 ... Sheryl Detrick joined WRH Realty Services Inc., Jacksonville, Fla., as its Regional Director. Detrick has more than 15 years' experience in the management of conventional, ...
Fogelman Management Group.(Movers and Shakers)
Oct 01, 2007 ... Fogelman Management Group, a property management firm in Memphis, Tenn., named Julia VanderRoest Regional Vice President of the Mid-South Region and Tammy Yeargan Marketing Director. VanderRoest ...
Morgan Group Inc.(Movers and Shakers)
Oct 01, 2007 ... Houston-based Morgan Group Inc. named Carter Bechtol Vice President of Development. Bechtol ...
Love Funding.(Movers and Shakers)
Oct 01, 2007 ... Love Funding, a national mortgage banking firm, hired Denise Troeschel and Matthew Nader to its Washington, D.C., ...
Lane Company.(Movers and Shakers)
Oct 01, 2007 ... Lane Company, Atlanta, hired Brian Record as Vice ...
Flaherty & Collins.(Movers and Shakers)
Oct 01, 2007 ... Flaherty & Collins, Indianapolis, hired James C. Smith as Vice ...
BRE Properties Inc.(Movers and Shakers)
Oct 01, 2007 ... [ILLUSTRATION OMITTED] BRE Properties Inc., San Francisco, ...
RedHill Realty Investors.(Movers and Shakers)
Oct 01, 2007 ... [ILLUSTRATION OMITTED] RedHill Realty Investors, San Diego, hired Dimple Seeliger as Senior Vice President of Equities, ...
JPI East.(Movers and Shakers)
Oct 01, 2007 ... [ILLUSTRATION OMITTED] JPI East, White Plains, N.Y, hired Gretchen Berger as Market ...
Lisa Trosien blogs marketing advice.(INDUSTRY INSIDER)
Oct 01, 2007 ... A Partment All Star and regular UNITS magazine contributor Lisa Trosien has launched a blog, apartmentmarketingblog.com, for all apartment industry professionals. [ILLUSTRATION OMITTED] Updated regularly, it provides articles, short features, statistics all conveyed ...
Avoiding construction pitfalls: when developing communities, be prepared to deal with issues early--or pay for them later.(Cover story)
Oct 01, 2007; ... [ILLUSTRATION OMITTED] In an average year, construction activity represents approximately 10 percent of the American gross national product. Yet despite its size and diversity, the industry is known for its volatility and slender profit margins. Fierce competition ...
Issues behind the icon: there are few symbols more recognizable than the white-framed, blue square that features a simple wheelchair icon. It represents areas and services reserved for people with disabilities. A part of everyday life, this image's meaning is hardly questioned. There's no gray area in its implication.
Oct 01, 2007; ... [ILLUSTRATION OMITTED] Apartment owners wish that this same black-and-white clarity, was conveyed by the federal government when addressing accessibility compliance for apartment community construction with first occupancy after March 13, 1991. When attempting to interpret and ...
High design: Kettler Management's new boutique, hotel-like apartment community, The Gramercy at Metropolitan Park, is groundbreaking for its classical architecture and hefty price tag.
Oct 01, 2007; ... [ILLUSTRATION OMITTED] The most pressing question facing prospective residents of Kettler's The Gramercy at Metropolitan Park isn't if they will live at the new high-rise apartment in Pentagon City, Arlington, Va. It is, instead, which of the more than 100 distinctive floor ...
Booming trends in senior housing: to meet the emerging needs of the Baby Boomers, developers must recognize the new profile of seniors and trends in architectural, lifestyle and community enhancements.
Oct 01, 2007; ... [ILLUSTRATIONS OMITTED] The U.S. Census Bureau estimates that, by 2010, 100 million people in the United States will be 50 years or older, totaling nearly one-third of the country's population. As these seniors and retiring Baby Boomers prepare for the next phase of their lives, ...
Marketing to the senior market.
Oct 01, 2007; ... A testament to any successful senior living community is the number of residents it attracts. To reach optimal capacity, it is essential that real estate development teams define and begin implementing a marketing campaign at least one year prior to opening a senior living community. ...
The '80s: a decade that won't go away: survey data from residents of communities built in the 1980s in four key Sun Belt markets help show why development here is back in vogue.
Oct 01, 2007; ... [ILLUSTRATION OMITTED] Well-dressed apartment executives in their 30s and 40s probably cannot help but smile when they see the modest revival of such fashion trends as leggings, yuppie alligator-logo golf shirts, patent-leather shoes and men's blazers with scrunched-up sleeves ....
Housing for all: for Corcoran Jennison Companies, the key to a 96 percent occupancy rate at its mixed-income communities is to not define residents by earning power.
Oct 01, 2007; ... [ILLUSTRATION OMITTED] The problem with many "affordable housing" projects, said Joseph E. Corcoran, Chairman of Boston-based Corcoran Jennison Cos., is that they amount to isolating the underclass and attaching a negative stereotype. Not surprisingly, problems, such as ...
Riding the conversion wave: after learning that conversion would deliver nearly 25 years of rental cash flow in just one year. The Kislak Organization took the plunge. Now, it is dealing with competition from condos re-entering the rental pool.
Oct 01, 2007; ... [ILLUSTRATION OMITTED] Driving through his South Florida neighborhood late in 2004, The Kislak Organization's President Tom Bartelmo saw people lining up by the hundreds and sleeping outside overnight, just waiting to sign on the dotted condo line. "There were people waiting in ...
Flooring plan: from the time installers arrive to when they clean up, clear accountability can make projects run smoothly and successfully.(Independent Rental Owner)
Oct 01, 2007; ... [ILLUSTRATION OMITTED] The installation and maintenance of Thigh-quality flooring is necessary to keep a community looking clean and attractive. But before independent rental owners (IROs) upgrade their residences, they should know what to expect and what their responsibilities ...
Apartment industry loses two Association Executives.(NAA TODAY)
Oct 01, 2007 ... Barbara G. Herring, CAM, Association Executive of the Apartment Association of Central Oklahoma (AACO), died Aug. 20, 2007, after a courageous battle with cancer. She was 67. Herring began her tenure in the apartment industry in 1981 when she, her husband and three children ...
AATC names new Director of Career Development.(NAA TODAY)
Oct 01, 2007 ... The Apartment Association of Tarrant County hired Sarah Skinner, NALP, as Director of Career Development. Skinner has been an active volunteer at the ...
New Executive Director named to BCSAA.(NAA TODAY)
Oct 01, 2007 ... The Bryan College Station Apartment Association in Texas welcomed Sharon McCauley as its new Executive Director last month. ...
Calling all maintenance professionals.(NAA TODAY)
Oct 01, 2007 ... Time is running out to sign up for 2008 Maintenance Mania events. ...
NAAEI designation exams now available to take online.(NAAEI NEWS)
Oct 01, 2007 ... NAAEI launched its online exams for Certified Apartment Manager (CAM), National Apartment Leasing Professional (NALP), Certified Apartment Supplier (CAS) and California Certified Apartment Manager Sept 1. The Certified Apartment Property Supervisor (CAPS), Certified Apartment ...
NAAEI honors new designates.(NAAEI NEWS)
Oct 01, 2007 ... Please join NAAEI in congratulating the following individuals who received their designations in August 2007. <Pre> Certified Apartinent Maintenance Technician II David Denarski, CAMT, CAMT IIHeron Lake Apts. Kissimmee, Fla. Shawn P. Gillen, CAMTArbors at ...
NAA affiliated apartment association phone directory.
Oct 01, 2007 ... * Alabama Apt. Association 205/424-3175 * Apt. Association of North Alabama 256/539-2998 * Birmingham Apt. Association 205/424-3175 * Mobile Bay Area Apt. Association 251/604-9267 * Montgomery Apt ....
National supplier's council directory.(Directory)
Oct 01, 2007 ... NSC Directory NATIONAL SUPPLIER'S COUNCIL OF THE NATIONAL APARTMENT ASSOCIATION The National Supplier's Council (NSC) is a group of allied service representatives to the multifamity housing industry that has organized to help housing owners provide the best possible ...
New RealPage software for student living requirements.(WHAT'S NEW)
Oct 01, 2007 ... RealPage Inc. expanded its product offering with a new product for student housing communities, OneSite[R] Leasing & Rents Student Living, which is now available in general release. OneSite Leasing & Rents Student Living is equipped with new functionality that will help improve ...
Yardi releases Voyager Affordable Housing version 6.0.06.(WHAT'S NEW)
Oct 01, 2007 ... Yardi Systems, a leader in asset and property management software, released Voyager Affordable Housing(TM) version 6.0.06. Based on feedback from clients and members of the National Yardi Affordable User Group (NYAUG), Voyager 6.0.06 now includes new features in the areas of ...
Premier introduces new full-line catalog.(WHAT'S NEW)
Oct 01, 2007 ... [ILLUSTRATION OMITTED] Premier Faucet released its new full-line faucet catalog, a 50-page, full-color catalog that highlights 193 kitchen, lavatory, tub/shower and bar faucets organized into nine new collections. In 2007, Premier has launched more than 100 new products ...
Bader Company teams with Grace Hill for online training.(WHAT'S NEW)
Oct 01, 2007 ... Bader Company and Grace Hill have produced the first online renter's insurance training program. Using the Grace Hill interface, Bader Co. offers a training module for its Renter's Insurance product. Aimed at onsite ...
Starnik adds to UtilityTrakR software.(WHAT'S NEW)
Oct 01, 2007 ... Starnik Systems Inc., a global IT solutions company, introduced electronic invoices, payment allocation and utility disconnect features to its UtilityTrakR software. In conjunction with other ...
Volume of apartment sales drops 61 percent over past year.(INDUSTRY TRENDS)
Oct 01, 2007 ... Apartment investors again proved how sensitive they are to rising interest rates as apartment sales slowed in July to the lowest monthly total recorded since the summer of 2004, according to a report issued Aug. 23 by real estate research firm Real Capital Analytics. [GRAPHIC ...
A shift in buyer profile.(INDUSTRY TRENDS)
Oct 01, 2007 ... Rising mortgage rates have diminished opportunities for positive leverage, causing private buyers to turn to smaller markets for higher yields on their acquisitions. Private investment has remained surprisingly strong despite rising mortgage rates, accounting for half of all apartments ...
Commercial vs. residential.(INDUSTRY TRENDS)
Oct 01, 2007 ... Troubles stemming from subprime residential mortgages have been contagious, spreading well beyond the housing industry to the greater capital markets on a global basis. The issue has influenced markets that seem to have little relationship or exposure to the U.S. domestic housing market ....