Marketing Multifamily Projects: 5 Questions to Ask Before you Launch an E-Mail Marketing Campaign
By Dave Clements, LassoAccording to some estimates, upwards of 100 million spam e-mail messages are sent per day. As that number continues to grow, so also does the effectiveness of spam filters in blocking unwanted mail. Users are also becoming increasingly skilled at deleting spam messages from their inboxes before they can even be read.When it comes to marketing multifamily projects on the Internet, e-mail is a valuable tool—and yet, the sheer quantity of unwanted spam makes it difficult for truly valuable e-mail marketing messages to reach their targets and make an impact. This means sales and marketing teams need…
Today’s Deals: Arbor Closes $2,693,500 Fannie Mae DUS Small Loan, and Other Transactions
By Anuradha Kher, Online News EditorRandolph, Mass.–Arbor Commercial Funding LLC recently completed funding of a $2,693,500 loan under the Fannie Mae DUS Small Loan product line to refinance the 24-unit complex known as Thompson Drive (pictured) in Randolph, Mass. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.51 percent.78-Unit Property Receives $1,528,700 Fannie Mae DUS LoanSioux Falls, S.D.–Arbor Commercial Funding LLC recently completed funding of a $1,528,700 loan under the Fannie Mae DUS product line to refinance the 78-unit Tally Ho Apartments in Sioux Falls, S.D.The 10-year loan amortizes on a 30-year schedule and…
Developer Breaks Ground on $23M Wounded Warrior Barracks at Camp Pendleton
By Anuradha Kher, Online News EditorSan Diego– Barnhart Inc. and Naval Facilities Engineering Command (NAVFAC) Southwest have broken ground on a unique $23-million Bachelor Enlisted Quarters for marines and sailors in the Wounded Warrior Battalion West stationed at Marine Corps Base Camp Pendleton, Calif. With 100 semi-private suites modified to accommodate service members recovering from various injuries, the 66,000-sq.ft. Wounded Warrior barracks features lounges, kitchen facilities, interactive gaming areas, computer alcoves and an expansive outdoor deck with views of Lake O’Neill and the surrounding hillside. The two-story structure will be built to Leadership in Energy and Environmental Design (LEED) Gold…
Meraki MR58 Provides Wireless Access for Apartment Communities
The Meraki MR58, the next-generation three-radio 802.11n device is weatherproof and reportedly provides five times the capacity and speed of standard 802.11b/g wireless devices, delivering high bandwidth across multiple hops, supports long distance links, and is ideal for high-bandwidth content like voice and video. The Meraki MR58 provides wireless access for apartment complexes and other large spaces. “The Meraki MR58 is the ideal solution for those looking to build fast, strong and secure networks that cover large areas,” says Hans Robertson, vice president of product management at Meraki. With powerful hardware and integrated hosted services, Meraki provides enterprise-level networking services to…
For Rent Media Solutions Launches Apartment Video Website
By Erika Schnitzer, Associate EditorNorfolk, Va.—For Rent Media Solutions has launched the beta version of AptsVideo.com, the multifamily industry’s first video-sharing Website. “For Rent is committed to putting [our clients’] properties in front of as many potential residents as possible,” notes Sarah Johnson, mobile media manager, For Rent Media Solutions. (Click here to see other ways that ForRent.com utilizes social media.) AptsVideo.com is accessible though the watermarks on all ForRent.com videos. The site currently features all of the videos—more than 1,400—located on ForRent.com. At this time, the AptsVideo.com video is included with the purchase of a video at ForRent.com.“Based on…
Freddie Mac CEO Resigns Six Months After Stepping Into Role
By Anuradha Kher, Online News EditorMcLean, Va.–Freddie Mac chief executive officer, David Moffett is resigning from the agency and will step down by March 13. The board of directors is now working with the Federal Housing Finance Agency (FHFA) to appoint a successor to Moffett.Moffett’s resignation comes merely six months after the government chose him to lead the second-largest U.S. mortgage finance company amid the housing slump. Prior to that, he served as vice chairman and chief financial officer of U.S. Bancorp.The stated reason for Moffett’s resignation is that he wants to return to a role in the financial services…
Download ENTRY FORM: 2009 Design Excellence Awards
The Design Excellence Awards presented by Multi-Housing News recognize outstanding multi-housing and mixed-use projects. Entries are judged based on a combination of criteria including aesthetics and functionality of exterior and interior architecture, design solution, overall cohesiveness of composition, and (when applicable) landscaping and curb appeal. Entries are due July 31 and will be judged by a panel of industry experts. All finalists will be published online by MHN. Click here for the entry form and competition guidelines. Click here for the entry form and competition guidelines (in a non-writeable pdf format). Choose from 16 categories:• High-Rise• Mid-Rise• Low-Rise/Garden Apt.• Seniors:…
TODAY’S DEAL: Arbor Closes Two Fannie Mae DUS Loans Totaling $5,164,500
By Anuradha Kher, Online News EditorKnoxville, Tenn. and Odessa, Texas–Arbor Commercial Funding LLC recently funded two loans totaling $5,164,500 under the Fannie Mae DUS product line. These loans include: • $3,680,000 under the Fannie Mae DUS product line for a portfolio in Knoxville, Tenn. This is a refinance of non-contiguous properties, Morningside Hills Apartments (pictured) and Magnolia Apartments. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.51 percent• $1,484,500 under the Fannie Mae DUS small loan product line for the 56-unit Cielo Vista Townhouse, in Odessa, Texas. The 10-year loan amortizes on a 30-year…
MULTI-HOUSING EXECUTIVES UPDATE: CPC Appoints Andrew Padian as VP of Energy Initiatives, and Other Moves
By Anuradha Kher, Online News EditorNew York–The Community Preservation Corporation (CPC) has appointed F.L. Andrew Padian (pictured) as vice president for energy initiatives. In his new role, Padian will assist in the implementation of a range of new energy efficiency projects at CPC. He will also train mortgage officers in identifying appropriate efficiency measures and will conduct energy audits. “Providing developers with the necessary tools to build quality, sustainable, affordable housing is of the utmost importance to our organization, and energy efficiency plays a large role in that mission,” says Michael Lappin, president and CEO of CPC. “We believe that helping…
NWP Services Launches Training/e-Learning Product for Multifamily Clients
Irvine, Calif.–NWP Services Corp. (NWP) has launched Multifamily Training Central, a new Web-based training/e-learning product that delivers advanced training technologies and services to its multifamily clients. “This is comprehensive web-based training for our clients who are interested in enhancing their NWP on-site training experience and gaining the ability to offer their internal training in a high impact and cost effective manner,” says Angela Rodebaugh, director of resident care and property training systems for NWP. “We understand that the demands on-site and the need to reduce expense are greater than ever.”With this product, on-site associates can connect to a system that…