Table of Contents december 2008

FEATURES

Cover Story

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  The Opportunist

  When the founder of a private apartment firm needs a new face at the top to help push growth, he or she has two options—turn to competitors and pick off young talent or promote from within. Lawrence R. Gottesdiener took a different approach. The founder and chairman of Newton, Mass.-based Northland...

   

FROM THE EDITOR

• An Infamous Year

  If 2008 goes down as a year of firsts, then what do we have to look forward to?

   

NEWS + NUMBERS

Stat of the Month

• Smooth Operators

  Apartment firms boost operating income despite losing potential revenues.

   

Direct Reports

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  Money to Lend

  Bank consolidation will likely not impact the health of agency-led multifamily debt markets.

   
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  After the Storm

  Multifamily industry rebuilds, re-evaluates in wake of 2008 hurricanes.

   
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  News Bites: December 2008

  The National Apartment Association Educational Institute and the National Affordable Housing Management Association have joined forces to launch the Green Credential for Property Management (GCPM), a designation for on-site managers, maintenance personnel, and staff supervisors.

   
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  Retrench, Regroup

  REITs prepare for a rough 2009.

   

Regional

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  City By the Bay

  As global capital markets continue to destabilize, San Francisco multifamily properties remain one of the safest bets in the country for investors.

   

PEOPLE + PLACES

Apartment Life

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  Hooking Up

  Can the laundry room make a comeback as a socially activated common area

   

Facelift

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  Ride to the Top

  At Silo Point, residents find luxury living in a former grain elevator.

   

SALES + SOLUTIONS

New Developments

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  A New Front Porch

  Phoenix, Ariz.-based JAG Development adopted a design style popular in Amsterdam to bring a sense of community and efficiency to its newly completed Portland 38 project.

   

Done Deal

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  Saving Paper

  Owners with cash in the bank target distressed debt, despite the heavy risk they carry.

   

Tech Specs

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  Off-Road Scholars

  For Dina Urbansky, a development specialist at Cleveland-based Forest City Enterprises, RealPage's OneSite property management system is crucial for her job. The system helps the company track occupancies, leases, and rent payments for the 35,000 apartments it owns or manages in 20 states, and...

   

PRODUCT STUDIO

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  Kiss Carpet Goodbye

  Multifamily properties look great—and save big—with faux wood flooring.

   

LANDMARKS

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  Landmarks: Admiral Apartments

  Admiral Apartments represents an early 20th century style of apartment buildings that had its predominance in downtown and the immediate west side of Portland.

   

ANNUAL STRATEGIES SURVEY

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  What A Difference A Year Makes.

  Multifamily operators prepare to navigate a sea of uncertainties in 2009.

   

OTHER ARTICLES

• Two Top Multifamily Developers Halt Work

  In the past week, two of the Top 20 builders on Multifamily Executive's list of Top 50 Builders in the country have announced that they will curtail future development operations.