Units back issues from May 2009:
Calendar.(Calendar)
May 01, 2009 ... <Pre> 2009 Education Conference June 25-27 Las Vegas & Exposition AE Developing Nov. 10-11 Tampa, Fla. Excellence Conference Assembly of Delegates Nov. 12-14 Tampa, Fla. 2010 Student Housing Feb. 21-23 Las Vegas Conference & ...
Chairman's message: observations from Ron Shelton, CAPS.
May 01, 2009; ... IN TODAY'S UNCERTAIN ECONOMY, value is a commodity. Businesses are walking that delicate line of cutting costs while maintaining brand recognition and sustaining profitability. There are many places to invest in today's marketplace that cannot promise you a valuable return. One ...
2009 NAA board of directors.(2009 NAA: Leadership)
May 01, 2009 ... [ILLUSTRATION OMITTED] Ron Shelton, CAPS Chairman of the Board Amalgamated Management Corp. Dallas, TX [ILLUSTRATION OMITTED] Marc Rosenwasser Chairman-Elect Meadow Wood ...
Regional vice presidents and committee, council and task force chairs.(2009 NAA: Leadership)
May 01, 2009 ... Tom Beaton, CPM The Dolben Co. Region 2 VP Mike Beirne The Kamson Corp. Region 2 VP, Member Relations Marc Cameron, CPM Miller-Valentine Group Region 3 VP Cindy Clare, CPM ...
The rise in mid-rise apartments.(Management Insider: Development Trends)
May 01, 2009 ... BETTER RENT VALUE can be had through mid-rise apartment construction, according to research by RealFacts. The RealFacts database shows that just 35 apartment communities were built in 2008 and 2009. This represents significantly fewer than in previous years--108 in 2007 and 120 in 2006 ....
HandyTrac Systems LLC.(Movers and Shakers)
May 01, 2009 ... Eric Overhage was promoted to Senior Vice President at HandyTrac Systems LLC in Atlanta. Overhage is Vice Chair of NAA's National Suppliers Council ...
Riverstone Residential.(Movers and Shakers)
May 01, 2009 ... [ILLUSTRATION OMITTED] Riverstone Residential named Mike Dove Executive Vice President of its Western operating division. Dow is responsible for leading four ...
The Rainmaker Group.(Movers and Shakers)
May 01, 2009 ... [ILLUSTRATION OMITTED] The Rainmaker Group hired Annie-Laurie McCulloh as Vice President for LRO Business ...
The Morgan Group.(Movers and Shakers)
May 01, 2009 ... [ILLUSTRATION OMITTED] Marsha Hollis and Clark ...
Former Steven D. Bell executives form The Hawthorne Companies.(Management Insider: Industry News)
May 01, 2009 ... [ILLUSTRATION OMITTED] FORMER PRESIDENT of Steven D. Bell & Company Ed Harrington; Samantha Davenport, former Chief Operating Officer of Steven D. Bell & Company; and Shoffner Allison, Principal of Charlotte, N.C.-based Hawthorne Retail Partners. have formed The Hawthorne ...
12 Mistakes you can't afford to make in a tough economy.(Learn More in Las Vegas)
May 01, 2009 ... DISCOVER the 12 common mistakes committed by apartment owners during a 2009 NAA Education Conference & Exposition session in Las Vegas, led by Bill Nye of Bill Nye Training. The conference runs June 25-27. Nye will detail how community owners and managers can examine their ...
CAS Partners launches new brand, Web site.(Management Insider: Consolidation)
May 01, 2009 ... PROPERTY AND ASSET management services company CAS Partners recently introduced new branding in support of its strategic expansion in client-focused, multifamily real estate services. The company's flagship brand, Riverstone Residential, also reflects the new look and feel. ...
CBRE: cap rates jump as buyers stay on the sidelines.(Management Insider: Cap Rates)
May 01, 2009 ... CAP RATES NATIONWIDE increased by an average of approximately 150 basis points from May 2008 to March 2009, according to CB Richard Ellis's recent Multi-Housing Cap Rate Study. The informal survey of senior professionals in 36 major U.S. markets found higher cap rate increases in Class A ...
Owner offers layoff-proof lease program for residents.(Management Insider: Resident Retention)
May 01, 2009 ... TO HELP ATTRACT new apartment residents and keep existing ones, the Goldberg Companies recently launched its Layoff-Proof Lease program. Under the terms of the program, if residents lose their jobs, Goldberg gives them 60 days of free rent while they look for new employment. Goldberg owns ...
Q1 vacancy rate up to 7.2 percent amid turmoil.(Management Insider: Resident Retention)
May 01, 2009 ... THE LARGE AMOUNT of negative net absorption in Q1 2009 is indicative of weakness continuing to pervade multifamily housing properties across the nation. according to Reis. The market gave up nearly 32,000 units and pushed the national vacancy rate to 7.2 percent, up 60 basis ...
Up, down, in between.(Management Insider: Market Report)
May 01, 2009 ... TRENDLINES for occupancy and development among key markets follow: UP: Tampa. Despite widespread perception that South Florida markets still suffer because of a relatively larger shadow market from unsold condos competing with rentals, the area did post a slight increase. It is ...
Education sessions, networking planned for independent rental owners.(Management Insider: Education for IROs)
May 01, 2009 ... INDEPENDENT rental owners (IROs) will be treated to timely education and an exclusive peer networking event during the 2009 NAA Education Conference & Exposition on June 26 at Mandalay Bay Resort & Convention Center in Las Vegas. IROs--those who are intimately involved in the ...
Credit scores in Jacksonville, Cleveland, San Diego improve.(Management Insider: Education for IROs)
May 01, 2009 ... SEASONAL PATTERNS of renters' credit quality continued in Q1 2009, according to First Advantage SafeRent's MAR Index, which is based on studios, one-, two-, three- and four-bedroom units in its statistical screening model and database of transactional data on more than 6 million traits ....
Would you hire this singing star to lease your apartments?(Management Insider: Talent vs. Appearance)
May 01, 2009 ... DO LOOKS COUNT? More than 100 million people have seen the video of Susan Boyle, the 40-something wannabe star who appeared on the television show, "Britain's Got Talent." Virtually written off by both the audience and the judge, Boyle demonstrated her beautiful voice nonetheless, amazing ...
Smoke detector technology under scrutiny: not all smoke detectors are created equal. In fact, a growing number of jurisdictions are considering requiring a different type of smoke detector than the one used most commonly in the United States, which could have financial ramifications for apartment owners and managers.(Maintenance Insider: HVAC Tune-up)
May 01, 2009 ... Smoke alarms use one of two very different technologies. Ionization smoke detectors, which make up about 90 percent of the alarms in the United States, use a small amount of radioactive material between two electrically charged plates to detect smoke and are more responsive to flaming ...
Spring is prime time for air-conditioner maintenance.(Ask Mr. CAMT)
May 01, 2009 ... [ILLUSTRATION OMITTED] WITH SUMMER JUST AROUND THE CORNER, spring is the best time to ready a community's air-conditioning system for the season. Here are some effective preventive maintenance tips to keep air-conditioning equipment in excellent shape, save energy and ...
Do it yourself.(Maintenance Insider: Wallpaper and Carpeting)
May 01, 2009 ... HERE ARE TIPS for completing do-it-yourself projects. Q. How do you remove wallpaper from drywall that was not primed without damaging the drywall? A. It's unlikely you will be able to strip the wallpaper without some damage to the drywall, but damage can be minimized ...
Stimulus dedicates 'green' money for apartment sector.(Political Insider: Stimulus Bill)
May 01, 2009 ... THE $787 BILLION economic stimulus bill (PL 111-5) signed into law in February provides a significant amount of money for energy-efficient incentives in the apartment sector. Although certain funds have been earmarked for providers of assisted and low-income housing, state and local ...
Energy legislation would affect industry.(Political Insider: Stimulus Bill)
May 01, 2009 ... The pace of Congressional deliberations on energy and climate change has picked up. Key House leaders released draft legislation and the Senate passed language restricting the spending of any revenues generated by any cap-and-trade program if the issue of climate change is considered as ...
'Card check' legislation in doubt.(Political Insider: Estate Tax Proposal)
May 01, 2009 ... Prospects for swift enactment of the controversial Employee Free Choice Act (EFCA), also known as "card check," disappeared when Sen. Arlen Specter (PA) announced that he opposes bringing up the union-backed bill for a Senate vote. In 2007, Specter was the only Republican to ...
FASB tackles capital access.(Political Insider: Estate Tax Proposal)
May 01, 2009 ... On April 9, 2009, the Financial Services Accounting Board (FASB) issued final guidance on two proposals related to mark-to-market accounting, and one associated with accounting for impaired securities, such as mortgage-backed securities. These actions follow a Congressional hearing March ...
Estate tax proposal moves forward.(Political Insider: Estate Tax Proposal)
May 01, 2009 ... NAA/NMHC's efforts to permanently freeze the estate tax at 2009 levels are gaining headway. Earlier this year, President Obama included such an approach in his FY 2010 budget blueprint. Senate Finance Committee Chairman Max Baucus (D-MT) also adopted that approach in legislation (S 722) he ...
Carried interest increase opposed.(Political Insider: Estate Tax Proposal)
May 01, 2009 ... NAA/NMHC have rolled out an aggressive lobbying campaign to oppose proposed changes in the taxation of carried interest (i.e., "the promote") after President Obama's budget blueprint proposed a 160 percent tax increase on carried interest beginning in 2011--increasing the tax from the ...
Obama: immigration reform a priority.(Political Insider: Immigration Reform)
May 01, 2009 ... The issue of immigration reform resurfaced after President Obama signaled his willingness to pursue comprehensive reform this year. Obama promised to take on immigration reform during his campaign, but many observers believed that congressional action might be postponed because of the ...
Lawsuit against apartment owner dismissed.(Political Insider: Lawsuit Dismissal)
May 01, 2009 ... The apartment industry won a significant victory when a federal judge dismissed a lawsuit against a New Jersey apartment owner for allegedly harboring undocumented immigrants by renting apartments to them (DelRio-Mocci et al. v. Connolly Properties, Inc., U.S. Dist. Court N.J., CA 08-2753 ...
Foreclosure frenzy: the financial crisis that caused a massive wave of foreclosures among single-family homeowners now is beginning to make inroads through the apartment industry.
May 01, 2009; ... Back in the late 1980s, Ron Shelton, CAPS, got a call from a lender about an apartment community in his region. The keys were nailed to the door, the lender said. Could Ron check it out? Shelton, the current Chairman of the Board for NAA and Senior Vice President of Amalgamated ...
Foreclosure follow-through: effectively managing a community in receivership is a step-by-step process.
May 01, 2009; ... In many ways, managing a property' in receivership or foreclosure is comparable to managing any takeover. But foreclosures can present several unique problems and pitfalls that will make hard work for the management company hired to stabilize the community. Often, "Basic ...
Foreclosure forbearance: with as much as $100 billion in multifamily housing mortgages facing refinancing during the next two years, owners and investors must position themselves wisely.
May 01, 2009; ... The volume of mortgage loans secured by multifamily housing assets that will be maturing in the next 24 months is leaving many owners and lenders feeling anxious. The Mortgage Bankers Association recently reported that $171 billion of multifamily and commercial mortgages ...
New face, new place: improvements inside and out can help turn Class-C communities into high Class-B communities, bringing higher rental rates and revenues with fewer risks than new development.
May 01, 2009; ... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Value-added investing in multifamily housing communities is a classic way for owners and investors to create wealth and value and provide improved, better-looking homes for residents. But to achieve the highest returns, ...
Economic conditions set stage for sales and acquisitions: nearly $38 billion in apartment industry transactions cause shake-up in the annual NMHC Top 50 rankings.
May 01, 2009 ... The apartment industry was buffeted by crosswinds in 2008, according to the National Multi Housing Council's (NMHC) 20th anniversary ranking of the 50 largest apartment owners and 50 largest apartment managers. The bursting of the housing bubble continued to pull house prices ...
The future of apartment living: U.S. population trends favor the apartment industry over the next two decades.
May 01, 2009; ... Four key reasons exist as to why the future of apartment living is bright, according to a white paper by Chris Lee, President, CEL & Associates. This paper is based on the current economic climate and expected growth in three demographics. Following are excerpts from the white paper, also ...
Speaking out on student housing: executive-level panelists at the 2009 NAA Student Housing Conference caution against concessions, advise how to deal with crises and tout the importance of positive relationships with universities.
May 01, 2009; ... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Students' expectations for their college housing have risen exponentially over the past several decades--a trend that ...
Leasing's wake-up call: with communities missing the industry standard for leasing rate conversions, now is the time to bring call centers and improved onsite training on board.
May 01, 2009; ... [ILLUSTRATION OMITTED] Five years ago, it never would have occurred to most apartment industry professionals that someone who didn't work at a particular community could effectively supplement onsite efforts of answering phones, showcasing the community and setting appointments ...
Social media thought leaders: to discuss marketing trends: NAA welcomes several of social media's best minds to discuss how online venues apply to customer service and retention at the 2009 NAA Education Conference & Exposition on June 27 in Las Vegas.(Conference news)
May 01, 2009; ... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] All the current talk is about social media: how Twitter is taking over e-mail, how Facebook has more users than most countries have citizens and how ...
It's a new game ... knowledge is power: when dealing with this challenging economy, the 2009 NAA Education Conference & Exposition is the best investment the apartment industry can make.
May 01, 2009 ... [ILLUSTRATION OMITTED] Value for investment has never been as critical for the apartment industry as it is now. Facing challenging economic times, spending has never come under such scrutiny. But spending time at the 2009 NAA Education Conference & Exposition has never come at a ...
NSC-sponsored opening party Thurs., June 25 6:30 to 8:30 p.m.
May 01, 2009 ... On Thursday evening join your fellow attendees and kick off the 2009 NAA Education Conference & Exposition with a bang at the Opening Party, sponsored by the National Suppliers Council (NSC). Don't miss this exciting opportunity to connect with your fellow attendees and make new ...
New in 2009: NAA thought leaders series.(Calendar)
May 01, 2009 ... June 25, 9 a.m. * Bob Davis, M.ED., CPPC, MCC The 1.2% Factor--The Science of How the Small Change of Accountability Leads to Large Results June 25, 10:45 a.m. * Jon Goldman Multifamily Housing Marketing Strategies for a Down Market June 26, 8:30 a.m. * ...
NAA leads industry discussion on Capitol Hill; with several hearings on repairing capital and credit market structures, as well as the ongoing discussion about the Employee Free Choice Act or "card check" taking place, the timing couldn't have been more perfect.
May 01, 2009 ... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] The largest continent of NAA members ever visited Members of Congress in person to discuss key issues at the 2009 NAA Capitol Conference held March 8-11 in Washington, D.C. The annual meeting was the best ...
On the hill: more than 460 NAA members head to Congress to advocate for the apartment industry.
May 01, 2009; ... On a day of Capitol Hill visits during which everyone had "green" oil their minds, attendees at the 2009 NAA Capitol Conference eschewed buses and filed en masse onto crowded D.C. Metrorail cars to advocate for the industry's most pressing issues in front of their state representatives. ...
NAA affiliates report Maintenance Mania[R] results.(Maintenance Mania[R]: Affiliated Association Results)
May 01, 2009 ... RESULTS ARE IN for nine NAA-affiliated apartment associations--the Delaware Apartment Association, the New Jersey Apartment Association, the Apartment Association of Greater Columbia (S.C.), the Washtenaw Area Apartment Association, the Indiana Apartment Association, the Apartment ...
Metro Denver holds 10th annual Maintenance Mania[R] event.(Maintenance Mania[R]: Anniversary Event)
May 01, 2009 ... [ILLUSTRATION OMITTED] MAINTENANCE MANIA[R] reached a milestone in the Mile High City when the Apartment Association of Metro Denver (AAMD) hosted its 10th Anniversary Maintenance Olympics event March 12. The event welcomed nearly 700 people, all of whom also were ...
NAAEI honors new designates: presented March 2009.
May 01, 2009 ... <Pre> NAAEI Honors New Designates Presented March 2009 Please join NAAEI in congratulating the following individuals who received their designations in January 2009. Certified Apartment Managers (CAM) Ranae J. Aakre, Goldmark Prop. Mgmt. Hawley, Minn. CAM ...
2009 NAA exhibitors.
May 01, 2009 ... 4 Walls.net AIM--CRUISE INCENTIVES Alliance Distributors Allsouth Renovations Inc. American Flooring Alliance American Furniture Rentals American Metering Service Inc. American Utility Management AUM ...
The NAA network: affiliate directory.(Directory)
May 01, 2009 ... ALABAMA * Alabama Apt. Association 251/343-8179 * Apt. Association of North Alabama 256/539-2998 * Greater Birmingham Apt. Association 205/424-3175 * Mobile Bay Area Apt, Association 251/776-4882 ...
National Suppliers Council: directory.(Directory)
May 01, 2009 ... [ILLUSTRATION OMITTED] Andrea Massey Vice President of Marketing RealPage Inc. 2009 Chair [ILLUSTRATION OMITTED] Eric Overhage Vice President Strategic Marketing HandyTrac Key Control ...
10 things I'd do if I were president.(End Points)
May 01, 2009; ... 1. Help property owners go green. "Between heating costs, electrical expenses and trash removal, apartment community owners can save thousands and contribute to a major reduction in landfill use and energy consumption by being more eco-friendly." 2. Be real. "We need our ...