January 2007 Table of Contents

Saved! Saved!

It took more than a year for the owners of The View@Chastain to sell half of the upscale high-rise building's 120 units. It took less than a day to sell 28 more. Read more

Defined Defined

Generation Y is one generation that keeps you guessing. Read more

Partnership Track Partnership Track

In every industry, there are companies known for developing industry leaders. In packaged goods, it's Proctor and Gamble. In computers, it was once IBM. And in multifamily, Trammell Crow Residential is one of the best training grounds there is. Among its alums: Leonard Wood, who founded Wood Partners, which is now one of the largest multifamily builders in the country; Bryce Blair, chairman of AvalonBay; and Chris Wheeler, chairman of Gables Residential. Read more

Collegial Culture Collegial Culture

Jeff Stack, managing director and principal for Sares-Regis Group, says he learned most of what he needed to know about supervising people as a platoon commander and company commander for the U.S. Army in Vietnam. Read more

Corporate Growth Corporate Growth

For many entrepreneurial companies, doing deals and making money takes precedence over employee satisfaction. A few years ago, that was certainly the case at Place Properties. Read more

Big Benefits Big Benefits

Lenders for The Mitchell Co. often pull president and CEO John Saint aside and lecture him. Why? Because he's too generous with his employees. Read more

Mission Accomplished Mission Accomplished

A lot of companies religiously survey their customers to see how they're performing. Legacy Partners does similar surveys with a different focus: their employees. In 2006, 2004, and 2001, the company questioned its employees about their job satisfaction. While the results have gotten better each year, two things stand out to W. Dean Henry, president of the company. Read more

First-Name Basis First-Name Basis

In his role as a principal for Newport Beach, Calif.-based Green Street Advisors, a research and consulting firm that covers the REIT market, Craig Leupold has visited lots of apartments. But he always notes something a little different from the competition when he visits a Camden property and talks with the staff. Read more

No Glass Ceiling No Glass Ceiling

Women dominate the on-site side of the apartment business, from the leasing office to the property management office. At the property level, you usually see women managing properties and leasing units. But further up the corporate multifamily ladder, women aren't quite as prevalent. Read more

Family Firm Family Firm

Some companies aren't crazy about being known as a family firm. Top executives don't allow family members to work in the business, and they go extra steps to cultivate a slick, corporate feel in their office furnishings and corporate environment. Read more

High Standard High Standard

Working at AvalonBay isn't easy. It serves luxury renters with high standards. It builds award-winning high-rise properties in markets where land is tight. It takes on development deals that would be too difficult for many apartment firms. Read more

Team Building Team Building

In his role at Kenexa, the recruiting and retention firm, Bill Erickson works with a lot of businesses in many industries. When asked to name one of the better companies as far as employee engagement, he doesn't hesitate to cite a prominent public apartment REIT: Archstone-Smith Trust. Read more

Companies That Work Companies That Work

Employee satisfaction is a good thing. Employee engagement is better. What's the difference? Attitude. While satisfied employees are happy with their jobs, it's still just a job. An engaged worker is one with a feeling of ownership of the company. Read more

Career Choices Career Choices

I'll give you the moral of the story first: As a leader, you exert far more influence than you realize. Read more

Next Stop: Home

One oft-cited California study predicts that within 20 years, 15 million American households will want homes within walking distance of mass transit. If that means living near rail, then many people will be disappointed. With only 2,900 light, heavy, and commuter rail stations currently on-line around the country, simple math tells us that meeting this level of transitoriented development demand would require wrapping dense communities averaging about 5,000 homes around each and every station. Read more

Blog Time

Urban Pacific Builders tackles the popular online forum. Read more

Seal of Approval Seal of Approval

The Energy Star label extends to high-rise living. Read more

Pedal to the Metal Pedal to the Metal

Apartments help combat traffic congestion. Read more

Stuck in Neutral Stuck in Neutral

Lawsuits delay New Orleans rebuilding efforts. Read more

Southern Hospitality Asheville, N.C. Southern Hospitality

If magazines are any indicator, 2006 was a very good year for Asheville, N.C. It was recognized as Read more

Work of Art Work of Art

Developers are often quick to brag about their projects. But how can you can tell when they truly fall in love with a property? They move in. Just ask Curtis Kemeny, president and CEO of Boston Residential Group, who purchased a two-story penthouse unit at his latest creation: 360 Newbury Street, the transformation of an early twentieth-century Boston landmark into 54 chic loft-style condo units with 360-degree views of the city. Read more

Q & A Southern Exposure Q & A

After three years at CB Richard Ellis, Robert E. Given rose to executive vice president of the company's South Florida multihousing practice in December 2006 upon the retirement of his predecessor. Given, who attended the University of Memphis, previously was a senior vice president with the close-knit South Florida group, which he predicts will see renewed successes in 2007 and 2008. Read more

Cultural Renaissance Cultural Renaissance

Like many of its East Coast counterparts, the city of Haverhill, located in northeastern Massachusetts, is enjoying a renaissance. Over the course of a century, the city of about 60,000 saw its once-thriving shoe industry die and leave behind large, brick buildings ripe for redevelopment—and their day has come. Read more

Mozaic Project of the Month Mozaic

Los Angeles Read more

Keep? Toss! Keep? Toss!

Until recently, a set of filing cabinets in the corporate offices of Atlanta-based Post Properties took up five cubicles' worth of workspace. The cabinets held copies of invoices from vendors who deliver goods and services to Post's 62 apartment communities, consisting of 21,872 apartment units, in 10 markets across the country. In any given month, 15,000 invoices would wend their way from those properties, with initialed approval from on-site managers, to Post's corporate accounting office for payment. Then, they would be deposited into those colossal cabinets. Read more

Hot Product Of The Month Q & A

How do you choose the right size, equipment, and services for your fitness centers? Read more

Healthy Choices Healthy Choices

Many fitness centers offer nothing more than a few treadmills and an old television, but the right mix of fitness equipment can differentiate one multifamily community from its competitors. Read more

The Chocolate Works Apartments The Chocolate Works Apartments

The buzz of commerce filled the streets of many cities in the early 1900s, especially in the City of Brotherly Love. Philadelphia was known as a bustling center of urban industrialism, a place where manufacturing plants, shipping, and commerce thrived. North Third Street was no exception. Read more

Close X