Case Studies

Value-added Highlights
  • exterior and interior renovations
  • construction management team executed a renovation of $1557 per unit
  • Value-add upgrades to unit interiors
  • Rebuilt two buildings (32 units) due to fire
  • Changed onsite management to improve operations
  • Increased occupancy from mid-70s to high-90s
  • Reduced turnover by over 25%
  • Increased other income by 300% through utility fees and additional fee revenue
  • Increased value of property by approximately $17,000 per door
  • Expenses reduced to $3,018 per unit through efficiency and economies of scale
  • Added new ESL and early education program – first of its kind – on the property through corporate sponsorship (Verizon and IBM)

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