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Page 28 — Multifamily Properties Quarterly — May 2017
MULTI-FAMILY TOD SITE FOR SALE AT DAYTON LIGHT RAIL STATION
Adjacent to Denver Tech Center and within Cherry Creek Schools
Representative:
Ryan Schaefer and Jake Hallauer
970-663-3150
Representative:
David Chaknova
303-440-6047
DAYTON STATION MULTIFAMILY SITE
• At the RTD’s R-Line & H-Line at Dayton Station
• 1 Mile to the Denver Tech Center
• Top school district in the state - Cherry Creek Schools
• Adjacent to Cherry Creek Reservoir & Cherry Creek State Park
• Close proximity to shopping and dining
E HAMPDEN AVE
S YOSEMITE ST
N
Pedestrian
Bridge
R
Line
H
Line
DAYTON
STATION
DENVER TECH
CENTER
CHERRY CREEK
HIGH SCHOOL
KENNEDY GOLF
COURSE
CHERRY CREEK
RESERVOIR
SOUTHMOOR
STATION
BELLEVIEW
STATION
R
Line
R
Line H
Line
3.078±
ACRES
CHERRY CREEK
STATE PARK
& TRAIL SYSTEM
Management
L iving in Colorado, we have
many reasons to be thank-
ful. As you run through your
mental checklist of things
you enjoy about living here,
not having to worry about events
like hurricanes and earthquakes
may not even cross your mind.
Because we aren’t susceptible to
many of the large-scale weather
disasters like other areas of the
country, there is a tendency to
become complacent. However, we
still need to be prepared for Mother
Nature’s curve balls. Flooding from
rain or snowmelt, for example, or
damage from tornadoes, wildfires
and hail-producing storms are very
real threats for this area. Consider
last year’s July hailstorm, which was
the sixth-most damaging hailstorm
in Colorado history. This storm
alone caused approximately $352.8
million in damage to the Colorado
Springs area.
Mother Nature isn’t the only one
throwing curve balls. Nonweather-
related disasters are another con-
cern. Accidents and disasters that
take place on a property are com-
monly caused by people. Flooding
from a bathtub, an overflowing toi-
let or a grease fire in the kitchen are
all accidents that occur more often
than you think. In fact, when we
respond to a property that has fire
damage, often the fire was either
kitchen related or caused by a ciga-
rette.
With these causes in mind, here
are a few tips to help ensure a
quicker recovery after an unfore-
seen disaster:
• Ensure safety of residents and site
personnel. The No.
1 priority after an
event is making
sure everyone is
safe in and around
your property.
Be sure to get an
accurate head-
count of residents,
visitors and per-
sonnel so you can
try to account for
everyone who was
on site when the
event happened.
Immediately notify
emergency personnel of injuries or
any unaccounted people.
• Have a plan. Having a plan in
place before disaster strikes will not
only help you to react quickly and
improve safety, but also will help to
minimize business interruption and
speed-up recovery efforts. We rec-
ommend having a disaster recovery
plan that is shared throughout your
organization and is embraced by the
on-site facilities team.
At minimum, this plan should
include a list of key contacts like
plumbers, electricians, public ser-
vice companies and site-specific
contractors who are familiar with
the property and can get to work
fast to minimize damage. This plan
also should include procedures for
how to handle reporting an emer-
gency, locations of major property
mechanics and unit floor plans. Site
teams should hold regular trainings
and drills to ensure staff remain
calm and make the right decisions
in difficult situations.
Disaster plans should focus on
the types of events that are most
likely to occur year-round, as well
as include special business consid-
erations (i.e., if your property has
undergone recent renovations). The
plan needs to evolve as your busi-
ness ages and should serve as a liv-
ing, breathing document that’s con-
sistently updated. It’s easy for your
plan to become outdated, especially
when considering employee and
vendor turnover, so make sure it
stays timely and remains a priority.
• Communication is key. Not only is
knowing what to do important in
an emergency situation, but know-
ing who to call is critical too. When
disaster strikes, it’s imperative for
your on-site staff to know who they
need to notify. It’s a good idea to
have an accessible phone tree in
place and to routinely do a test call
down to ensure contact information
is kept current.
In addition to alerting employ-
ees, it also is important to consider
how you’re going to notify other
residents, as well as respond to the
media. Without a plan in place, it
can be difficult to communicate
effectively after a disaster. Ide-
ally, you should establish an exter-
nal communication protocol that
includes the following details:
•Identify and mobilize a PR/com-
munications spokesperson to be
“out in front.”
•Determine if and when your
company will be providing inter-
Megan Dyk
National account
manager, Interstate
Restoration,
Denver
More often than not, fires are either kitchen related or caused by a cigarette.