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August 2017 — Multifamily Properties Quarterly —

Page 39

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Multifamily Properties Quarterly is Colorado’s only print publication dedicated to the multifamily

rental real estate market throughout the state. While the Colorado Real Estate journal continues to

run multifamily news in each issue of the newspaper, Multifamily Properties Quarterly features inter-

esting projects and people, trends and analysis, and covers development, investment, nance, design,

construction and management. is publication is mailed with the Colorado Real Estate Journal

which is mailed to more than 3,500 commercial real estate professionals twice monthly and read on-

line by an additional 1,200 readers.

Market Reports

Development &

Investment Updates

Design & Construction

Trends

Capital Markets

Legal Updates

and more

activity to the proportion of proper-

ties in specific neighborhood types.

In the chart on Page 24, more than

40 Washington, D.C., neighborhood

types are compared, and we can

see the distribution of a company’s

assets and lease activity (signed

leases) in D.C. Neighborhood “Type

31” generates a disproportionate

amount of lessee activity compared

to the available properties. If the

goal is to expand, a good place to

look is in all D.C. neighborhoods that

match the “Type 31” defined neigh-

borhood.

By contrast, neighborhood Type

20 has a good balance of location

and leases, while Types 5 and 41 are

pulling in leases from outside this

neighborhood type – meaning there

is less in-area demand so the prop-

erty requires applicants from other

neighborhoods/areas. Comparative

data like this is actionable sales and

marketing intelligence to developers

and investors.

And, when analysis includes long-

term comparison data, it tends to be

better insulated against short-term

trends. Stated another way, you want

to make sure your “hot” investment

location is based on positively trend-

ing fundamentals (e.g., incomes, rents,

business growth) and not on short-

term trends.

Using data to bottle success.

Most

developers would jump at the chance

to replicate past successes, and neigh-

borhood data analysis puts a new lens

on that investment approach.

First, taking a data-driven approach

to the factors that created past oppor-

tunities lets investors more accu-

rately identify and replicate the right

elements in a new scenario. In the

example on the right, areas in Hous-

ton that outperformed on marketing

efforts (in red) delivered significantly

better traffic for the target property (in

green) than all others. Owners used

these insights to redirect marketing

resources exclusively to these areas

and achieved lease-up faster than

past trajectories, exceeding their own

objectives.

Armed with this data, the same

investor can replicate marketing strat-

egies for the high-performing neigh-

borhood types in other cities, make

more informed decisions and deliver

similar results.

While the Denver market should

be dependable for the foreseeable

future, changing macro trends and

supply issues will require additional

analysis.

Those who stick with standard

diligence may experience standard

outcomes. But looking at invest-

ments with enhanced intelligence,

using neighborhood analysis and

other data tools, will keep naked

swimming at bay (pun intended).

V

Mauseth

Continued from Page 24

MapVida

In this example, areas in Houston that out-

performed on marketing efforts (in red)

delivered significantly better traffic for the

target property (in green) than all others.

Owners used these insights to redirect mar-

keting resources exclusively to these areas

and achieved lease-up faster than past tra-

jectories, exceeding their own objectives.

Additionally, your community will

receive value by contacting a land-

scape architect or experienced installer

to help with the planning of the dog

park. This professional will help walk

you through site considerations and

material options. For example, crushed

granite and engineered wood fiber

make great surfacing options where

grass or artificial turf may be a chal-

lenge.

A well-planned dog park will give

your community a leg up in attract-

ing prospective tenants and holding

on to your existing residents and their

pet rents. Colorado is one of the most

dog-friendly states and chances are

strong that the prospective tenant you

seek owns at least one dog. Including

the right components in your planning

will allow your community to create

and provide a popular service.While

labeled a dog park, these spaces are

really about the people you can bring

together and help connect through a

shared interest.

V

Anzulewicz

Continued from Page 30

Charging stations.

When considering

adding charging stations to your mul-

tifamily community, it is important to

know the options.The higher the level,

the faster the charge.

Level 1 charging.

EVs can charge

using a traditional wall socket, which

will provide 2 to 5 miles per hour of

charging.This is the slowest way to fully

charge vehicles. If you would like to

make outlets available for residents, it

is recommended the outlets are put on

their own circuits to avoid overloading

the breakers.The charging spots should

be located where charging cords do not

cross a walkway and create a tripping

hazard.

Level 2 charging.

Standard charging

stations deliver 240 volts of electric-

ity to a battery and provide vehicles

with 10 to 20 miles per hour of

charge. This is the appropriate level

for multifamily housing, office parks

and other places where cars typi-

cally are parked for two to six hours

at a time.

DC fast charging.

This is the fast-

est way to charge a vehicle. Fast

chargers provide 60-80 miles of

range to an EV in about 20 minutes.

Level 3 stations use a DC current of

480 volts. These chargers are being

deployed along highways. Currently

there are two differing standards

and plug configurations for fast

charging, depending on the vehicle

manufacturer. So many of these sta-

tions provide both standards.

V

Pitts

Continued from Page 32