PTAA is working with the Partners Ending Homelessness (PEH) to end homelessness for veterans in Guilford County before the end of 2015 and we need your help. One of the biggest obstacles they face is finding enough housing for the veterans and so we need your help in finding those available housing units, but please remember that this would not be a handout. Here’s what we wrote when we announced this initiative:
- PEH is not looking for handouts. They are looking for property owners/managers who will work with them by being flexible with regards to credit histories and some aspects of criminal background checks.
- The program will pay up to fair market rent. The organization is sponsoring the client resident so there is not a risk of default by the individual resident.
- Caseworkers actively manage each resident. That means your onsite manager will NOT have to actively manage the resident’s situation and WILL have a resource in case any situation does arise.
If you have vacant units that you think would meet the program’s needs then there’s an easy way you can raise your hand to volunteer. Simply fill out this application form and send it to PEH and they will get the ball rolling. Sending in the form isn’t an absolute commitment, but it is a first step to getting the process started.
Right now we have about 75 homeless veterans in Guilford County so we need as many of you as possible to step forward and help out those people who served our country. Thank you in advance for your support.
Here’s a link to the application form:
As many of you know the Piedmont Triad Apartment Association does a food drive for Second Harvest Food Bank of Northwest North Carolina every year. Typically we concentrate our drive on the summer months, but what many of our members don’t realize is that the drive actually runs year-round.
We’re bringing this up because we’ve been contacted by a couple of member properties that are running holiday food collection drives in an effort to engage their residents while helping feed the hungry in the local community. They contacted us to get some advice on setting it up – of course we’re happy to help! – and it occurred to us that other properties might like to do the same thing. So, if you would like to do a food drive for the holidays then please feel free to give us a call and we’ll help coordinate it with Second Harvest. What a great way to serve the community while also engaging your residents!
We also want to remind you that we have a competition to see which management company can raise the most food during the year. We count all the food each management company and their communities raise from January 1 through December 31 and award the company that raises the most with the Owner’s Cup at our annual Diamond Awards banquet the following March. This is important to know because any food you raise during a holiday food drive, or any other food drive you do for that matter, will count towards your total for the year so please let us know how much you collect!
Two Greensboro apartment communities were recently sold in separate deals:
LWH Ashley Oaks Apartments LP, an entity managed by Steiner Group in Quebec, Canada, acquired Ashley Oaks Apartments on Guilford College Road for $16.64 million, or slightly more than $66,000 per unit…
Ashley Oaks has 252 units and 245,192 square feet on 15.27 acres, according to tax records. It has a total assessed value of $13.54 million…
Also in Greensboro, The Morehead Apartment Homes at 5606 W. Market St. has sold.
Morehead Apartment Homes LLC, an entity managed by Charlotte-based WB Ventures of NC LLC, bought the 24-building complex for $11.15 million, or slightly more than $54,650 per unit…
Morehead has 204 units and spans 211,229 square feet on 15.11 acres. Tax records indicate its total assessed value is $7.3 million.
Winston-Salem’s finance committee has endorsed two projects that would include apartments. The first is the redevelopment of the Pepper Building on the corner of Liberty and Fourth streets:
Coe Pepper would spend $8 million to renovate the building, including the $1.6 million loan from the city. City administrators are proposing to get the $1.6 million from money the voters approved as part of the 2014 bond package.
When the loan is repaid the money would go for future housing and neighborhood development projects…
Under the proposal the city is considering, rents on the affordable units would be $575 per month, with units charging the market rate going for $675 to $1,218 per month depending on the square footage.
The Pepper building would have 44 one-bedroom units, five two-bedroom units and five studio apartments.
The second project is a proposal from Goler CDC for a 115-unit apartment community:
Goler Community Development Corporation and Laurel Street Residential LLC will be asking the city for a $325,000 grant and a $1.25 million loan to develop a 115-unit apartment complex on land in between Martin Luther King Jr. Drive, Chestnut Street and Patterson Avenue.
The development would consist of 14 studio apartments, 83 one-bedroom apartments and 18 two-bedroom apartments. A quarter of the units — 29 apartments — would be set aside for people who make no more than 80 percent of area median household income.
Here’s some Friday fun featuring pictures of a project in Amsterdam that converted a school into apartments.
According to this article in the Triad Business Journal, Atlanta-based St. Clair Holdings has acquired two apartment communities near UNCG:
St. Clair Holdings acquired The Park at Greensboro at 2119 Spring Garden St. from 2119 Greensboro LLC for nearly $6.5 million and The Collegiate Courtyard at 1000 Bitting St. from Collegiate Greensboro LLC for $4.8 million…
Both The Park and Collegiate Courtyard, located within a stone’s throw of one another, are four-building, 48-unit communities.
If you do the math it looks like The Park at Greensboro sold for $135,000/unit and The Collegiate Courtyard sold for $100,000/unit.
At the end of 2015 Ken Szymanski will step back from his role as Executive Director of the Apartment Association of North Carolina (AANC), after serving as the chief executive of both the AANC and the Greater Charlotte Apartment Association (GCAA) concurrently for the last 28 years. He will continue as the Executive Director of GCAA after 2015, but AANC needed to find a new chief executive as of January 1, 2016.
So it was with great excitement last night at the PTAA trade show that Jody Longwill, President of the AANC, announced that Will Brownlee – who is familiar to so many apartment professionals in North Carolina through his legal work on behalf of the industry – will be the organization’s Executive Director starting January 1.
Here’s a video of the announcement last night. Unfortunately due to my fat thumbs I missed the early part of the announcement during which Jody lauded Ken’s incredible work on behalf of AANC for the last 28 years, but please take my word that it was a worthy tribute for a great guy. Here’s the announcement.
Here’s a press release from AANC:
For Immediate Release October 28, 2015
Apartment Association of N.C. names new Executive Director
The Apartment Association of North Carolina (“AANC”) is a trade association of multi-family rental housing developers, owners, managers, and suppliers. It is affiliated with both the National Apartment Association and seven (7) local Apartment Associations throughout North Carolina. AANC is pleased to announce its selection of Will Brownlee as its new Executive Director and General Counsel effective January 1, 2016. “We are extremely pleased that Will will become AANC’s executive leader”, said its Board President Jody Longwill, of Greensboro-based Burkely Communities. “The Board, in making this selection, has expanded the Association’s commitment to its work, as the Executive Director position becomes full-time. For the past 29 years, Ken Szymanski has served the AANC with distinction as its part-time Executive Director. Ken will continue to serve in his role as Executive Director of the Greater Charlotte Apartment Association”.
“Will brings a wealth of experience, energy, and commitment to the AANC’s work. We look forward to Will’s joining and working with AANC and its associates to advocate for legislation that encourages affordable housing, quality construction and professional management.”
Will Brownlee is an attorney licensed in North Carolina and South Carolina and is the founder of Brownlee Law Firm, PLLC and co-founder of Loebsack & Brownlee, PLLC. He has served the apartment industry for the last 18 years, including serving on the AANC Board of Directors and as author of the AANC Lease and Legal Handbook. He holds degrees from The Citadel and the N.C. Central University School of Law.
“AANC and its affiliate members have a rich and accomplished history of advocacy for the N.C. apartment industry, particularly through the tireless efforts of its Board of Directors, its volunteer members, and the consistent leadership of Ken Szymanski over the past 30 years,” said Mr. Brownlee. “I am proud to be part of such an organization and look forward to the opportunity to work with the AANC Board of Directors and the diverse affiliate and volunteer members of AANC in continuing their advocacy for the apartment industry and finding new ways to serve the AANC membership.”
For further information: Ken Szymanski, (704) 334-9511 x- 108