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IN THIS ISSUE

CAA News
  • CAMME Awards entry now open
  • TSEC attendee contest announcement
  • Legislative committee weighs in on state and local initiatives
  • Golf outing golfer registration open
  • Welcome new members!


  • Education In Focus
  • Certified Apartment Manager (CAM) Training
  • Energy Benchmarking Update & Networking Reception


  • Industry News
  • Here's why rents have slipped in Chicago while rising elsewhere
  • The anti-gentrifier who's saving the former Lawson YMCA
  • Homeownership rate declines in Chicago area
  • Developers to deliver 3,000 new downtown apartments in 2015
  • Housing starts fall as single-family projects decline
  • City moves to protect tenants at five South Side buildings with inadequate heat
  • Why millennials are migrating to the suburbs





  • CAMME Awards entry now open
    CAA
    The entry forms and categories for the 2015 CAMME Awards are now available on the CAMME Web page. All entries submitted by the April 24th early bird deadline will be entered into a raffle to win a (5 available) $50 gift card.

    Interested in judging? We need your participation (especially if you work for a management company)! Click here for a judging volunteer form.

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    TSEC attendee contest announcement
    CAA
    Now that the Trade Show & Education Conference (TSEC) attendee registration (for management company staff) is open, CAA is excited to announce a new contest. The management company with the most attendees registered by Wednesday, April 1st will win a 30 minute session at the show with attendee favorite Toni Blake. Contact staff (lisa@caapts.org) with questions.

    The show floor is over 80 percent sold — don't wait to register for a booth! Click here for additional information/to register.

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    Legislative committee weighs in on state and local initiatives
    CAA
    While the General Assembly got off to a slow start this year, things are sure to pick up now that Governor Rauner identified his priorities in his budget address. The new Governor proposed massive budget and program cuts that are sure to face resistance from the General Assembly. In the meantime, the Legislative Committee is busy reviewing proposed bills having to do with expunging of arrest records; amendments to conceal carry; minimum wage; security deposit interest; elevator safety; erroneous exemption law; speeding up the eviction process; and IHDA rental housing programs.
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      FEATURED COMPANIES
    Bed Bug Elimination Specialists

    Prep X provides integrated pest treatments including skilled preparation services and heat chamber. After pest servicing, we will even put the encased bed back in place so residents can sleep that evening. Please click the above links for the e-brochures or email or call (312)339-5032 for free quote. Mention this ad and get the first bed encased FREE of charge.   

    Lead Tracking Solutions
    Lead Tracking Solutions is a revolutionary leader in lead tracking & lead management for the multi housing industry. We provide immediate solutions that enable properties to automate, manage, & evolve their guest communications quickly & cost-effectively. MORE


    Golf outing golfer registration open
    CAA
    Registration for golfers is now available online (only) for the Friday, May 15 outing that will be held at Cog Hill Golf & Country Club. More information will be posted on the Golf Web page as it becomes available.
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    Welcome new members!

    Associate Members Owner/Management Members
    ATI Energy Tricap Residential
    Chicago Communications

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    Certified Apartment Manager (CAM) Designation

    The onsite manager is a vital link between apartment residents and the community owners and investors. The objective of the CAM Program is to enhance the skills of the apartment manager, which can result in better managed and more profitable rental properties, improved resident retention rates and increased employee productivity.

    Improved Results!
    A survey showed the following performance enhancements of CAM designates:
    75 percent Enhanced ability to analyze the property's financial operations
    60 percent Enhanced ability to accurately report property performance
    55 percent Improved marketing plan and marketing strategies
    55 percent Improved employee morale/confidence

    Supervisors Say ...
    A survey of Supervisors who sent their associate's through the CAM program revealed:
    96 percent agreed or strongly agreed that the CAM designation course is a valuable use of employee's time and company money.
    Upon completion of the CAM course, 77% of supervisors noticed an immediate improvement in their employee's work performance.
    100 percent said they would enroll employees for the CAM course in the future.

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    Energy Benchmarking Update & Networking Reception

    Join us on Thursday, March 12, 2015 from 3 p.m.-5:30 p.m. for our panel discussion focusing on preparing for the city's requirement and best practices for using the data that is being reported.



    Panelists
    Amy Jewel, City of Chicago
    Brennan Booms, Manager of Energy Services, AMLI Residential
    Brett Kraus, Senior Counsel Utility Services, Director of Energy Efficiency, Conservice
    Barney Pullam, CPM, Vice President-Business Process, Waterton Residential
    Register Here



    March 10, 2015
    Suppliers Success
    CAA | 557 W. Randolph St, 2nd FL. | Chicago, IL
    Register Here

    March 11 and 18, 2015
    Certified Apartment Supplier (CAS) Blended
    CAA | 557 W. Randolph, 2nd FL. | Chicago, IL
    Register Here

    March 11, 17, 18 and 19, 2015
    Certified Apartment Manager (CAM) Blended
    CAA | 557 W. Randolph, 2nd FL. | Chicago, IL
    Register Here

    March 12, 2015
    Energy Benchmarking Update & Networking Reception
    Maggiano's | 516 N. Clark St. | Chicago, IL
    Register Here

    March 24, 2015
    Maintenance Mornings — Plumbing
    Roto Rooter | 1800 Landmeier Rd. | Elk Grove Village, IL
    Register Here

    March 25, 2015
    Fair Housing
    CAA | 557 W. Randolph 2nd FL. | Chicago, IL
    Register Here

    April 14-16
    NAAEI Gallup Program
    CAA | 557 W. Randolph 2nd FL. | Chicago, IL
    Register Here

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    Here's why rents have slipped in Chicago while rising elsewhere
    The Associated Press via Crain's Chicago Business
    U.S. home rental prices rose at a steady rate in January, but prices dipped in Chicago. Real estate data firm Zillow said rents have fallen 0.5 percent in the Chicago area over the past year. "Chicago did a whole lot of overbuilding during the housing boom," said Svenja Gudell, director of economic research at Zillow, noting that some select downtown neighborhoods in the Windy City still have prices rising at or above the national average.
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    The anti-gentrifier who's saving the former Lawson YMCA
    Crain's Chicago Business
    The former Lawson House YMCA on Chicago Avenue is a short walk west of the posh shops of the Magnificent Mile. It's the largest single-room-occupancy building in the city, with 583 apartments that rent for as little as $410 a month, a pittance compared with the soaring rents in new properties sprouting elsewhere on the Near North Side. Real estate developer Peter Holsten never saw dollar signs when he first got involved in the property. Instead, he wants to ensure that it remains an enclave for the less fortunate. He's teeing up a $100 million renovation of the art deco gem meant to keep it accessible to lower-income renters for decades, a project that will dismay some neighbors who'd prefer to see the Lawson House's poorer residents pushed aside.
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    Homeownership rate declines in Chicago area
    Chicago Tribune
    A lot of Chicago-area residents traded mortgages for rent in 2014. The percentage of Chicago-area residents who owned their homes last year fell 6 percent, according to Census Bureau data. That pushed the local homeownership rate down to 64.1 percent at the end of 2014, from 68.2 percent at the end of 2013. It was the lowest rate of homeownership recorded since 1995.
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    Developers to deliver 3,000 new downtown apartments in 2015
    Curbed
    If you happen to be taking a walk down Upper Wacker Drive near State Street, you might notice that there is construction activity happening in nearly every direction you look. Downtown Chicago is most certainly experiencing another building boom, and developers are pumping out new hotels and apartment towers at a record setting pace. Just this year alone, developers are on track to deliver almost 3,000 new apartment units in the greater downtown area, the Tribune reports.
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    Housing starts fall as single-family projects decline
    Chicago Tribune
    Builders broke ground on fewer U.S. residential construction projects in January as demand for single-family homes cooled from an almost seven-year high, signaling the rebound in housing remains uneven. Housing starts declined 2 percent to a 1.07 million annual rate, following the prior month's 1.09 million pace, a Commerce Department report showed. Student debt, tight credit conditions and rising prices are probably preventing would-be first-time homebuyers from entering the market, which will damp construction. At the same time, a strengthening labor market and rising household formation may support building of rental units, underpinning residential real estate.
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    City moves to protect tenants at five South Side buildings with inadequate heat
    Chicago Sun Times
    Chicago's Department of Buildings moved to protect tenants at five South Side buildings accused of providing a "dangerous lack of heat and/or water" on the coldest day of the year. If necessary, the city will ask that a "heat receiver" be appointed to make the emergency repairs necessary to comply with the city's temperature requirements during cold-weather months.
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    Why millennials are migrating to the suburbs
    Property Management Insider
    Away from the neon and glitter, the street lights in the 'burbs are far from flickering. Submarkets close to city centers and farther away are catching the attention of many, including those same millennials who some expected would fill downtown pads yet have been priced out of the city core. Inner-ring suburbs are becoming desirable areas for new college graduates and others who are climbing social and economic ladders.
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    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
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    Esther Cho, Content Editor, 469.420.2671  
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    Chicagoland Apartment Association
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    Phone: 312-207-1890/Fax: 312-207-1890

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