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IN THIS ISSUE

CAA News
  • NYKO attendee and sponsorship registration available
  • Welcome new members!

  • Education In Focus
  • Maintenance Mania — recap
  • You can't afford to not attend: Hoarding Fundamentals for Today's Residential Property Professional

    Industry News
  • Have high-rise apartment rents peaked?
  • Associations seeking ways to accommodate renters
  • Rental housing market boosts use of RealPage software
  • Multifamily remains frontrunner in REIT sector
  • UnitedHealth invests $50 million in low-income rental housing
  • Supreme Court considers apartment searches
  • Green building applications: The road ahead






  • NYKO attendee and sponsorship registration available
    CAA
    Registration for New Year Kick Off attendees AND sponsorship is now available. Click here to register online or visit the NYKO event Web page for a faxable registration form. We look forward to seeing you there.
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    Welcome new members!
    CAA


    Associate member Owner/management member
    Bellwether Enterprise Real Estate Capital LLC. LDP Management
    BG Staffing
    Black Rock Milling and Paving Co.
    Framburg Group Inc.

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    Maintenance Mania — recap
    CAA
    The Chicagoland Apartment Association held its third annual Maintenance Mania event Nov. 14, at JC Restoration in Rolling Meadows, Ill. The event consists of several skill-based table games based on common maintenance activities and a race car competition. Thanks to all of the management companies who supported the event, not only by sending their maintenance teams, but also by coming out and cheering them on!

    We would like to thank our local sponsors: Floor and Wall Carpet Company, JC Restoration, Landscape Concepts Management, MOEN, Rose Paving Company, Roto Rooter, Solar United of Illinois, HD Supply

    Special thank you to JC Restoration & HD Supply for hosting our event!

    Our national sponsors: Bradford White, Fluidmaster, Kidde, Motorola/Niagara Conservation, Seasons, NAA, CFG (Moen), Frigidare, HD Supply, Kwikset, Peachtree by HD Supply

    And the winners are:
    First place ($100) — Auggie Ramirez, Presidential Towers, Waterton Residential
    Second Place ($75) — Mark Boerema, Burnham Pointe at Printers Row, Behringer Harvard Residential
    Third Place ($50) — Lupercio Cruz, Presidential Towers, Waterton Residential

    People's Choice Racecar — Lupercio Cruz, Presidential Towers, Waterton Residential

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    You can't afford to not attend: Hoarding Fundamentals for Today's Residential Property Professional
    CAA
    Dec. 10
    This session will cover:
  • Defining hoarding
  • When is hoarding unsafe and unhealthy?
  • Understanding the difference between hoarding and gross filth
  • How to work WITH a hoarder
  • Legal issues when working with hoarders
  • Health concerns for people working with hoarders and how to stay safe

    Register to attend today!

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    UPCOMING COURSE SCHEDULE

    Date Event Location

    Complete Course Calendar
    Nov. 20 The Office Personnel's Guide to Maximizing your Maintenance Team Register/more info: Online only
    Type: Webinar
    Dec. 4 & 5 Leasing Agent Licensing 8:30 a.m. - 5 p.m.
    801 Warrenville Road, Lisle, Ill.
    Type: Live session
    Dec. 4 The Reputation Management: Converting One's Negativity into your Opportunity Register/more info: Online only
    Type: Webinar
    Dec. 10 Hoarding Fundamentals for Today’s Residential Property Professional 9-11 a.m.
    CAA office 557 W. Randolph, Ste 201, Chicago
    Type: Live session
    Sponsorship opportunities
    Dec. 10 Interior & Exterior Maintenance Repair (CAMT) 9-11 a.m.
    Oakwood Shores, 3750 S. Cottage Grove, Chicago
    Type: Live class
    Dec. 10 Electrical Maintenance Repair (CAMT) 9-11 a.m.
    Oakwood Shores, 3750 S. Cottage Grove, Chicago
    Type: Live class




    Have high-rise apartment rents peaked?
    Crain's Chicago Business
    Downtown apartment owners have been bracing for increased competition from a building boom that will add about 5,000 units to the market this year and next. But new data show they have an additional and more immediate problem: Demand is slowing exactly when landlords need it to pick up.
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    Associations seeking ways to accommodate renters
    Chicago Tribune
    The sentiment toward renters in community associations sways like a pendulum. During the construction boom of the 1990s, developers levied few restrictions so as not to deter prospective buyers. They wrote governing documents that largely permitted leasing of the units.
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    Rental housing market boosts use of RealPage software
    Investor's Business Daily
    RealPage makes a good living providing on-demand software for the rental housing industry, helped by a strong U.S. rental market and its own appetite for acquisitions. The company sells a range of products for single-family and multifamily rental properties. These offerings have been in heavy demand in recent years as the nation's housing bubble forced many financially strapped Americans to sell their homes and return to the rental market.
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    Multifamily remains frontrunner in REIT sector
    HousingWire
    The macroeconomic economic backdrop over the past few years was the perfect landscape for real estate investment trusts. The sector has used a number of tools to strengthen capital structures and continued improvement in operating fundamentals, resulting in a stable outlook for REITs, according to Moody's Investor Service.
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    UnitedHealth invests $50 million in low-income rental housing
    StarTribune
    UnitedHealth Group Inc. said recently that it is putting $50 million into a fund to construct hundreds of low-income housing units in Minnesota and the Upper Midwest. While the investment brings financial benefits, officials at the nation's largest insurance company said it also aligns with a corporate belief that stable housing is a key component of better health.
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    Supreme Court considers apartment searches
    The Pew Charitable Trusts
    The U.S. Supreme Court recently considered whether police should be allowed to search an apartment if one resident says "no" and leaves the home, but a roommate says "yes." The case, which stems from a gang-related robbery in California, could have broad implications for anyone living in an apartment, and potentially create new state guidelines for police officers investigating crimes.
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    Green building applications: The road ahead
    By Don Rosato
    Growth in green-building material demand will outpace the growth of building construction expenditures as green materials continue to account for an increasing share of building materials used. In the U.S., demand for green-building materials is projected to expand 13 percent annually through 2015, generating sales of more than $70 billion. Government codes/incentives will continue to emerge to support building efficiency programs. Legislation will progressively shift from energy neutral to energy-positive building requirements.
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    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        New homes get built with renters in mind (The Wall Street Journal)
    Gov. Quinn calls for the preservation of 600 rental units in Chicago and Peoria (LoanSafe.org)
    What's your business wearing? (By Mark MacDonald)
    NYKO attendee registration now available (CAA)

    Don't be left behind. Click here to see what else you missed.


     

    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
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    Ashley Whipple, Senior Content Editor, 469.420.2642  
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    Chicagoland Apartment Association
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