Units back issues from November 2007:
Calendar.(Calendar)
Nov 01, 2007 ... <Pre> calendar 2007 Assembly ofNov. 8-10 Atlanta, GaInterContinental Delegates Buckhead Atlanta 2008 CapitolMarch 9-12 Washington, D.C. Omni Shoreham Conference Education June 26-28 ...
Introducing NAA's 2008 Chairman of the Board.(OBSERVATIONS)
Nov 01, 2007; ... I am pleased and honored to introduce the 2008 NAA Chairman of the Board, my successor, Michael Tompkins, CPM, CCIM. As Managing Partner at Atlanta-based Julian LeCraw & Company LLC, one of the largest privately held apartment management firms in Atlanta, Tompkins is charged ...
2007 Leadership.
Nov 01, 2007 ... 2007 BOARD OF DIRECTORS [ILLUSTRATION OMITTED] Dave Watkins, caps NAA Chairman of the Board Greystar Management Services Tampa, FL [ILLUSTRATION OMITTED] Mike Gorman CAPS, CPM, CCIM NAA ...
Accessibility case ruling should bring relief: the court emphasized the distinction between a continuing violation and a continuing effect of a past violation by stating that a failure to properly design and construct is a discrete action that concludes at the end of the design-and-construct phase, and not an "indefinitely continuing practice.".(CAPITOL BEAT)
Nov 01, 2007; ... [ILLUSTRATION OMITTED] In a ruling that could eventually limit the number of accessibility cases filed against apartment firms, the Ninth Circuit for the U.S. Court of Appeals has affirmed two lower court rulings that private, civil actions alleging design and construction ...
Singapore, Japan lead apartment investments abroad.(INDUSTRY INSIDER)
Nov 01, 2007 ... Rental apartments are far more common in the United States than in other nations--the United States accounts for 85 percent of global sales activity. However, the apartment market is developing quickly in Asia, which accounts for 65 percent of apartment transactions outside of the United ...
Archstone-Smith, Tishman Speyer close deal.(INDUSTRY INSIDER)
Nov 01, 2007 ... Archstone-Smith Trust closed the previously announced acquisition of Archstone-Smith by a partnership sponsored by affiliates of Tishman Speyer Real Estate Venture VII LP and Lehman Brothers Holdings Inc. in a transaction valued at approximately $22.2 billion, including Archstone-Smith's ...
National foreclosure rate drops in September.(INDUSTRY INSIDER)
Nov 01, 2007 ... RealtyTrac, an online market place for foreclosure properties, reported an 8 percent decline nationally in foreclosure filings in September, down from the 32-month high in August but still up 99 percent from the number reported in September 2006. The national foreclosure rate for September ...
NAA leaders attend international real estate event.(INDUSTRY INSIDER)
Nov 01, 2007 ... NAb, leadership, including 2007 Chairman of the Board Dave Watkins, CAPS, last month attended the Real Expo in Germany, an event that brings together real estate investors, owners and suppliers from around the world. "The ...
Foreclosure-frenzied U.S. markets: the top 5.(INDUSTRY INSIDER)
Nov 01, 2007 ... In an effort to determine which U.S. markets are potentially more susceptible to home mortgage foreclosure, the Wall Street Journal, with data from RealtyTrac and the Home Mortgage Disclosure Act, recently reported on where the highest percentage of high-rate mortgage loans were taken out ...
Steven D. Bell and Co.(Movers and Shakers)
Nov 01, 2007 ... [ILLUSTRATION OMITTED] Steven D. Bell and Co. hired Erin Ditto as Senior Vice President of the ...
Kay Sachs, CAS, joined BG Personnel.(Movers and Shakers)
Nov 01, 2007 ... Kay Sachs, CAS, joined BG Personnel as an Executive ...
Freddie Mac.(Movers and Shakers)
Nov 01, 2007 ... Freddie Mac named Patti Saylor Vice President of Multifamily Sourcing's Offerings and Customer ...
Ed Hussey joined Freddie Mac as Vice President of Multifamily Sourcing's Terms of Business.(Movers and Shakers)
Nov 01, 2007 ... Ed Hussey joined Freddie Mac as Vice President of Multifamily Sourcing's Terms of Business. Hussey is ...
Crosland LLC.(Movers and Shakers)
Nov 01, 2007 ... Crosland LLC named David Ravin President of Residential ...
Pacific West Management.(Movers and Shakers)
Nov 01, 2007 ... Pacific West Management, Irvine, Calif., hired Norm McCollough as Northern California District Manager. McCollough's duties ...
Tucson Realty & Trust Co. Management Services LLC.(Movers and Shakers)
Nov 01, 2007 ... Tucson Realty & Trust Co. Management Services LLC named Joanna M. Starling ...
Michael Davis joined Flaherty & Collins Properties.(Movers and Shakers)
Nov 01, 2007 ... Michael Davis joined Flaherty & Collins Properties as ...
Developer, planner, leader.
Nov 01, 2007; ... Michael Tompkins doesn't like to lose. "I think about what I do, and I'm very deliberate in my thoughts," NAA's 2008 Chairman of the Board said of his approach to work and life. "I come prepared to play." Whether he's out on the links, going to bat with an idea at Atlanta-based ...
Fair game: Virginia Tech's annual career fair, held each March for its current and graduating residential property management students, has become a premier event for national apartment firms.
Nov 01, 2007; ... It's March, and more than 90 Virginia Tech students are dressed in their best business suits and equipped with resumes, nametags and nervous smiles for the 2007 Virginia Tech Residential Property Management (RPM) Career Fair. More than 50 are here for internships to fulfill degree ...
He's at their service: veteran doorman Victor Golden is his building's ambassador to prospective and current residents, giving Fifield Companies an edge in the competitive Chicago rental market.
Nov 01, 2007; ... [ILLUSTRATION OMITTED] Victor Golden special-orders spicy Cajun peanuts from Virginia to share with residents. He knows the names and faces of the more than 200 men and women in his building, plans to learn those of the remaining 251 slated to move in and always has maps of the ...
Play day: from shopping sprees to special lunches, some companies reward employees with more than just bonus checks on payday.
Nov 01, 2007; ... [ILLUSTRATION OMITTED] It costs more to recruit and train new employees than it does to keep current employees happy. For those interested in retaining employees over the long run, the key is to add fun to reward and recognition programs. The problem with ...
Leadership: a cure for blurred vision: without foresight, innovation and process improvements, owners and management companies likely will become casualties rather than competitors.
Nov 01, 2007; ... [ILLUSTRATION OMITTED] Developing and nurturing leaders is something the apartment industry has struggled with for the past 20 years. The need for leadership to provide vision, innovation and process improvements at the operations level has been stifled by the fact that real ...
Let them own the place: give residents more creative liberty with their apartment homes, and they will be more inclined to stay.(Independent Rental Owner)
Nov 01, 2007; ... [ILLUSTRATION OMITTED] Residents are the biggest asset a community has. Sure, there are accountants, but it is the residents who truly represent the revenue. Yes, communities employ maintenance, security and janitorial staff, but it is the residents who ultimately keep the ...
Distress relievers: Alterra Capital Group acquires under-performing communities and makes them profitable.
Nov 01, 2007; ... [ILLUSTRATION OMITTED] With the recent acquisition of Winbranch Apartments, a 460-unit rental community in Memphis, Alterra Capital Group passed another milestone on its rapid growth path. Today, the 4-year-old Miami-based apartment real estate investment and management services ...
CEOs talk trends: CEOs of leading apartment companies spoke about many critical industry issues during a session at the 2007 NAA Education Conference & Exposition.(Conference news)
Nov 01, 2007 ... [ILLUSTRATION OMITTED] Moderator Deane Dolben, The Dolben Co., Boston: Let's get some perspective on what is happening to wages across the country. Steve Lamberti, Milestone Management, Dallas: The human resource director at every company is talking to their CEO about ...
NMHC survey reveals compensation increases.(Survey)
Nov 01, 2007; ... Apartment professionals are likely to see modest merit increases this year owing in part to strong market conditions, according to the National Multi Housing Council's (NMHC) annual National Apartment Survey of Compensation and Benefits Practices. This year's results also show decreased ...
Where the jobs are: as the housing sector slows, increased employment in leading metro areas supports demand for construction.
Nov 01, 2007; ... Erosion of the residential housing market has affected all of its segments--not just single-family housing activity. Multifamily housing construction has slowed this year with total starts down about 17 percent and permits down 6 percent through July, despite improvement in rental market ...
Pay for performance prevails: debt market crisis and liquidity crunch will limit increases in executive compensation packages in 2007.
Nov 01, 2007; ... The 2007 proxy season brought new insights to the reporting of compensation as a result of the new proxy disclosure roles. While the breadth and depth of available information has increased significantly from previous years, total compensation continues to be the most important statistic ...
Technology makes it easier for Mid-America to recover debt.(SERVICE SPOTLIGHT)
Nov 01, 2007; ... Community owners in the apartment industry face the reality of uncollected rent that reduces revenue and decreases their bottom lines. Some owners try to handle debt collections utilizing internal staff, while others may hire an attorney or a collection agency to deal with the matter ....
NAAEI designation exam handbooks, skill-checks available online.(NAAEI NEWS)
Nov 01, 2007 ... As part of the initiative to transition to online exams and to help prepare industry professionals for taking National Apartment Association Education Institute (NAAEI) designation exams, NAAEI has developed new designation exam handbooks and skill-checks. The handbook and ...
NAAEI honors new designates.(NAAEI NEWS)
Nov 01, 2007 ... Please join NAAEI in congratulating the following individuals who received their designations in September 2007. <Pre> Certified Apartment Managers Annette Anderson. Willow Creek Apts. San Antonio, Texas CAM, NALP Brett Arnold, CAM Lauding Apts....
Equity, Gables earn BEST Awards for training.(NAA TODAY)
Nov 01, 2007 ... Equity Residential and Gables Residential last month earned BEST Awards from the American Society for Training & Development. Equity is one of only two organizations named to the BEST Awards list for five consecutive years and every year since the award's inception. Equity's No ....
NJAA hires executive director.(NAA TODAY)
Nov 01, 2007 ... The New Jersey Apartment Association (NJAA) hired Raymond Cantor as its new ...
CAA names deputy director.(NAA TODAY)
Nov 01, 2007 ... The California Apartment Association (CAA) named Eric Wiegers its Deputy Director. Wiegers manages CAA's ...
Affiliates post maintenance mania results.(NAA TODAY)(Financial report)
Nov 01, 2007 ... The Greater Cincinnati Northern Kentucky Apartment Association (GCNKAA) and the Apartment Association of Colorado Springs (AACS) recently hosted local Maintenance Mania competitions. NAA, together with presenting sponsor HD Supply, is conducting Maintenance Mania events at local ...
NAA affiliated apartment association phone directory.(Directory)
Nov 01, 2007 ... Alabama * 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. Association 334/514-1780 ...
National suppliers council directory.(Directory)
Nov 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 multifamily housing industry that has organized to help housing owners provide the best possible ...
Word-of-mouth speaks loudly to college residents.(MARKETING TRENDS)
Nov 01, 2007; ... [ILLUSTRATION OMITTED] College students, like many young adults, are strongly influenced by word of mouth and look to their friends for advice. With the rise of social networking, blogs and viral video, this group has many new user-generated sources for information about ...
NAA to host student housing conference.(MARKETING TRENDS)(Conference news)
Nov 01, 2007 ... Off-campus student housing is one of the fastest growing niche markets today in the industry. To help provide NAA members with greater knowledge of this market, NAA will host "The Unique Cycle of Student Living," presented Feb. 19-20, 2008, at the Fairmont Dallas Hotel in Dallas. ...