Posts filed under ‘PTAA Members in the News’

New Management Rights the Ship at Greensboro Student Property

PTAA member Burkely Communities received some positive press for the work it’s doing at The District:

A private student housing complex serving UNC-Greensboro, Greensboro College and other area schools that was cited for more than 100 code violations at the end of last year has been cleaned up under its new management team, Burkely Communities, according to company and city officials…

Burkely CEO Sterling Kelly said the building owners had already made a significant investment in repairs prior to his company’s involvement, including an overhaul of the heating and air conditioning system. But a long list of deferred maintenance items had grown overwhelming, so his team has been tackling it systematically during the past several months.

“The work required to fix those items just hadn’t been getting done, though they were relatively inexpensive things like electrical receptacles pulled out of the wall or plumbing leaks or exit doors not closing so the building wasn’t secure,” Kelly said. “Rome wasn’t built in a day and there are still some more things the owner may choose to do, but the first order of business has been doing what was necessary to make the building what I would consider habitable.”

Kelly goes on to say that their work at The District is far from done and they’re concentrating on marketing the property in a similar fashion to their other student properties – moving away from promoting amenities like pools and game rooms and focusing instead on promoting an environment geared towards the more serious students. (You can read more about Burkely’s approach here.)

 

 

August 21, 2014 at 4:58 pm Leave a comment

Winston-Salem Council Approves Financing for Affordable Housing Project

From the Winston-Salem Journal:

The Winston-Salem City Council approved a land sale and financing arrangements with Goler Community Development Corporation on Monday as a way to give support to the constructions of affordable housing close to downtown…

Goler has a deal with Laurel Street Residential, based in Charlotte, to develop 135 apartments on the property, representing a $12 million investment that will have a taxable value of $9 million…

Under the agreement between the city and Goler, for 15 years at least half of the apartment units must have rents that people making 80 percent of the area’s median income can afford.

Officials said the apartments would be studio, one- and two-bedroom units, with most units having a monthly rent of $600 to $900.

After 15 years, Goler would have to designate at least 15 percent of the apartment units for affordable incomes over the following 15-year period, making 30 years in all…

In a separate matter, the council also approved a loan to the Housing Authority of Winston-Salem that will help the authority convert the old Brown Elementary School site on Highland Avenue to low-income rental housing for the elderly…

The city’s loan of about $320,000 to the Housing Authority of Winston-Salem will be helping the authority acquire the Brown Elementary School site at 1125 Highland Avenue and begin converting the property into 120 units of rental housing for the elderly.

 

August 20, 2014 at 2:03 pm Leave a comment

Not Every Student Wants a Party Zone

PTAA member Burkely Communities is carving out a niche in student housing by focusing on the studious set. From their press release:

Burkely Student Communities near Appalachian State University, University of North Carolina at Greensboro (UNCG), North Carolina A&T University, and other campuses are designed to offer an off-campus living experience conducive to academic success.

Burkely Student Communities offer perks like rental discounts of $100 or more per semester for high grades, exam quiet hours, decompression zones, designated study areas and lounges, and healthy snacks. Residences include quiet courtyard apartments at The Park East and The District’s private high-rise studios close to UNCG.

“While there’s certainly a social dimension in our communities, our primary focus is supporting students’ efforts to succeed in school,” commented Kelly. “We believe it helps pave the way for a lifetime of success.”

Backed by the pledge that every Burkely Communities’ employee will do whatever it takes to ensure each resident is given every opportunity to fulfill their academic potential, the appeal is clear: “The unconditional 24/7 help from the Burkely staff is impeccable,” said Guilford College senior Lily Wotkyns. “Burkely does a thorough job making sure I have all the resources to finish my homework or anything I need for school. The community is respectful, quiet and a place where I can be successful and thrive.”

August 15, 2014 at 4:33 pm Leave a comment

Jody Longwill Named President of AANC Beginning September 1, 2014

PTAA is very proud to share this exciting news from AANC about our very own Jody Longwill:

A 28-Year Industry Veteran Longwill Foresees Continued Appeal for Apartment Living

GREENSBORO, N.C., June 12, 2014 –Jody Longwill, who serves as the Burkley Communities Director of Apartment Management and Staff Development, has been elected President of the Apartment Association of North Carolina (AANC).  A 28-year veteran of the multi-family rental housing industry, Longwill has worked with Burkely Communities for 17 years, and served on the AANC board for 12 years, including the last two years as an officer of the board.  In addition, she is a past president of the Piedmont Triad Apartment Association, and has achieved the Certified Apartment Portfolio designation from the National Apartment Association.

“We are thrilled with Jody’s new executive role with AANC,” said Sterling Kelly, CEO and Co-Founder of Burkely Communities.  “Her industry expertise, strategic vision, and keen understanding of what diverse populations –from college students to older populations – desire from apartment community living makes her ideally suited to lead our state’s eminent trade association.”

“Under Jody’s leadership, the AANC is poised for growth, and will continue to provide an inclusive, cohesive voice for our industry,” commented Ken Szymanski, AANC Executive Director.

“For affordability, flexibility and other lifestyle reasons, apartment style living continues to evolve and thrive in North Carolina,” concluded Longwill, “It’s an especially exciting time to take on such an important leadership role with the AANC.”

August 14, 2014 at 5:24 pm Leave a comment

Saying Yes to the Dress – and the Tutu – for a Good Cause

I want to take this opportunity to thank two of our member companies for allowing me and our Food Drive Committee Chair, Dale Holder of Apartment Finder, to embarrass ourselves in exchange for significant donations to Second Harvest Food Bank of NWNC.

Today Dale and I will be at the main entrance to Robinhood Court Apartments and Villas at 4 p.m. wearing “prom dresses” in exchange for a $550 donation to Second Harvest, plus $5 for everyone who stops in to visit while we’re there. In my case the only dress that would fit is something that a typical high school girl’s grandmother might wear to church on Sunday so we’ll call it a prom-ish dress, but Dale is sure to be bedazzling.

And I’d be remiss if I didn’t thank Blue Ridge Companies and their Burke Ridge Crossing community for donating $250 to Second Harvest last month in exchange for me wearing a tutu, a tiara and high heels, having their corporate slogan painted on my back and then jumping into the Burke Ridge Crossing pool.

Jon Cold Water Challenge

Many of our member companies are very active in our food drive and do an amazing job raising funds, food and awareness for Second Harvest, but I just wanted to take a quick second to thank these companies for so enthusiastically throwing me and Dale under the proverbial bus for a great cause:)

If you’d like to get involved in our food drive, or would like to make a donation online, you can find out everything you need to know at our food drive website at www.helpsecondharvest.com.

July 10, 2014 at 2:30 pm Leave a comment

Blue Ridge Companies’ Couch Talks Retail

PTAA member Blue Ridge Companies’ CEO David Couch had a quick Q&A with the Triad Business Journal about some of its development activities:

Blue Ridge has historically been among the largest property management firms in the Triad. Does your recent work with several retail projects signal a shift in your overall vision for the company? We’ve always had a retail presence, but over the years it seemed like our energy was directed about 80 percent multifamily and 20 percent retail. Right now, I would say that might be 60/40. The Palladium in High Point is one of our retail developments; we developed Oak Ridge Commons and several others in the Triad and surrounding areas. We look at where the opportunity is.

Read the whole thing here.

June 25, 2014 at 7:23 pm Leave a comment

Ginkgo Purchases Salem Crest in Winston-Salem

From Ginkgo’s press release:

Ginkgo Residential today announced the acquisition of Salem Crest Apartments located in Winston-Salem, North Carolina, for a contract price of $4,250,000. The approximately 17 acre property contains 144 one, two, and three bedroom apartment homes. The property also includes a swimming pool, playground, and ample walking areas.

Philip Payne, CEO of Ginkgo Residential stated, “Salem Crest represents the latest addition to Ginkgo Residential’s rapidly growing portfolio of high quality, modestly priced apartment properties. With the acquisition of Salem Crest, Ginkgo now operates four properties housing over 500 families in the Winston-Salem market. Ginkgo is committed to, and intends to continue to expand its operations in, the Winston-Salem area.”

 

May 29, 2014 at 1:15 pm Leave a comment

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