Apartment Property Management Services, LLC.

Similar documents
Apartment Property Management Services, LLC.

Brad O Connor, Ph.D. Chief Economist FloridaRealtors

U.S. DEPARTMENT OF HUD 04/11/2017 STATE: FLORIDA ADJUSTED HOME INCOME LIMITS

To provide exceptional customer service to every property Owner and ensure that every property is performing at the highest level possible.

multi-family M A N A G E M E N T

11 CREC Receiverships /Workouts (Partial List)

TABLE OF CONTENTS. The Real Estate Cycle 7 Economic Downturns from the Past 9 Real Estate Downturn of the Great Recession 9

Timbercreek. U.S. Multi-Residential Opportunity Fund #1. Semi-Annual Investor Update

Midstate Office Park

For General Information Only Peter M. Amari, President Parkmont Capital, LLC Established in 2005

U.S. Foreclosure Activity Increases 2 Percent in July Boosted by 6 Percent Increase in Foreclosure Starts

The State of Florida s. Housing Douglas White Florida Housing Data Clearinghouse Shimberg Center University of Florida

The Silver Building. 519 Campbell Avenue West Haven, CT 06516

(904) (904)

The State of Florida s. Housing Douglas White. Florida Housing Data Clearinghouse. Shimberg Center. University of Florida

Monthly Broker Report

INSERT YOUR COMPANY LOGO HERE. Home Selling Guide. A Real Estate Solutions Company

EAST GALBRAITH ROAD OFFICE WAREHOUSE

Woolbright Development Research Retail Market Overview: Palm Beach

Four (4) Factors in Investment Definition: Investment

CASE STUDIES 3Q.2016 Value-Add Investments and Strategic Opportunities

Negotiated vendor contracts and savings through economies of scale

Multi-Family Housing Projects

Overview of Community Development Districts RIZZETTA &COMPANY. INCORPORATED 3434 Colwell Avenue, Suite 200 Tampa, FL (813)

DRAPER STREET APARTMENTS - 6 UNITS

Let s Take Some Questions. On-line Video Curriculum and LIVE Curriculum. Session #4 Topics (Last Session) Session #5 Agenda

Land For Sale 9440 Cincinnati Columbus Road, West Chester Township, OH Offering Memorandum

NATIONAL COVERAGE. Boca Raton, Florida. Columbus, Ohio. Farmington Hills, Michigan HQ. Indianapolis, Indiana. Louisville, Kentucky. Memphis, Tennessee

NEW RENTAL APARTMENT DEVELOPMENT ACTIVITY REPORT 1 st Quarter, 1998 April, 1998

Through multiple real estate cycles and in diverse physical settings, CUSA, LLC has helped

ROMSPEN REVEST HOMES LP. Reliable Rental Income Plus Significant Capital Appreciation

SOUTHERN CALIFORNIA NORTHERN CALIFORNIA ARIZONA

(904) (904)

REQUEST FOR PROPOSAL (RFP) RFP AS. Appraisal Services Valuation of DBHA Properties

multi-family experience

Glen Hollow Apartments

Property Management. The world s largest global commercial real estate platform. Commercial Real Estate Services, Worldwide R

13.1% over Cash Balance Brought Forward $12,877,300 Taxes Other Revenues Total Revenues and Other Financing Sources

The Most Valuable Skills for a CRE Property Manager

Property Management. Property Management Brokerage Development Syndication. Pacific Crest Real Estate is dedicated to

Invesco Real Estate Acquisitions

LPS Home Price Index Report: October Transactions U.S. Home Prices Up 0.3 Percent for the Month; Up 4.3 Percent Year-Over-Year

April 2015, Volume 24 Issue 4. Q Round Up

OFFERING MEMORANDUM. Mattress Firm N US Highway 1, Cocoa, FL 32926

2018 Profile of International Home Buyers of the Miami Association of REALTORS

SIX UNITS 8 ISLE OF VENICE, FORT LAUDERDALE, FLORIDA 33301

Application Training / Overview Questions and Answers July 10, 2018

COMPANY OVERVIEW MARCH 2012

commercial management

Market Affordable (Workforce) Housing 2009

City of South Daytona Municipalization Evaluation. December 19, 2006 WHH Enterprises, Inc.

5 Core Property Management Competencies That Drive Leasing Velocity & Profitability

Black Knight Home Price Index Report: December Transactions U.S. Home Prices Up 0.1 Percent for the Month; Up 8.4 Percent Year-Over-Year

SCHOOL IMPACT FEE ADVISORY COMMITTEE MEETING #11 APRIL 17, 2017 BENEFIT DISTRICT 1

Wawa EXCLUSIVE (Ground LISTING Lease) West Palm Beach, FL Offering Memorandum

Terraces at Reunion Mourning Dove Circle, Reunion, FL Yates & Company Realty, LLC 2

MAXIMIZE YOUR COMMERCIAL PROPERTY INVESTMENT With Property Management That Invests in You

Working with Nonprofits, Sponsors and Subrecipients sponsored by Florida Housing Finance Corporation s Catalyst Program

EXCLUSIVE OFFERING MEMORANDUM

Financing Historic Theaters Historic Preservation Tax Credits

COMMERCIAL MANAGEMENT & RECEIVERSHIP SERVICES

ECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY

Year-End 2017 / Office Market Report. Regional Economic Activity

LindaWright SERVING TAMPA FAMILIES SINCE Preparing for a Successful Home Sale

Lead Generation Analytics & Automation Investment Tools

Florida Housing Finance Corporation

These slides are provided as a courtesy to Florida Realtors

REPORTS AND REPORT REVIEW

Specialty Real Estate Receivership, Management & Brokerage Company

BUILDING VALUE THROUGH DEVELOPMENT

Experience + Knowledge = Client Power

LUXURY MARKET REPORT. - February

CONTACT. Great Location Within a mile of I-95 on CR210 Adjacent to Twin Creeks DRI: 5,000 homes 2.9 MM office, retail, others

SHIMBERG CENTER FOR AFFORDABLE HOUSING

Monthly Market Watch for the Prescott Quad City Area. Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS

STUDENT HOUSING BUSINESS AWARDS BEST RENOVATION OF AN EXISTING PROJECT

Cordially, Chris Evans Executive Vice President Quest Asset Management, Inc.

ECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction

Valuation Industry Overview. What you need to know

(904) (904)

B&F Management Company Overview

LONG HAMMOCK RANCH. Residential or Mixed Use Development Potential! 1, /- ACRES OXFORD, FL SUMTER COUNTY SAUNDERS REAL ESTATE

Unlocking the Upside Through Value-Add Capital Improvement Strategies

West Lakeland Business Park

Legal and Realty Services 2012 Annual Report

USF Board of Trustees February 26, Issue: Tampa Housing & Residential Education Rates for

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015

Town of Kindred Community Development District

B-08-UN April 1, 2015 thru June 30, 2015 Performance Report. Community Development Systems Disaster Recovery Grant Reporting System (DRGR)

Board Meeting February 7, 2007

OFFERING MEMORANDUM Sherwood Forest Center N 56th Street Tampa, FL 33617

LISC Land Data Initiative. Presented by Teal Horsman, The Catalytic Fund

PARKMONT HOUSING AND REDEVELOPMENT LLC

HEALTHCARE REAL ESTATE CASE STUDY

HURRICANE HOUSING ASSISTANCE PLAN

Multifamily Real Estate Investments

Florida Real Estate Appraisal Board Disciplinary Activity Report 2012

Black Knight Home Price Index Report: October Transactions U.S. Home Prices Up 0.1 for the Month; Up 4.5 Percent Year-Over-Year

200 Tyler Street Redevelopment. Development Overview 9/29/2016

A Respectful Partner

Transcription:

Services, LLC ( APM Services, LLC) 618 E. South Street, Suite 500, Orlando, FL 32801 Office - 407.240.3000 Fax - 407.264.6300

Table of Contents The APM Advantage APM Overview Experience / Track Record Receivership Services Asset Management Services Due Diligence Services

The APM Advantage 1. Personal Attention to Managing Assets 2. Superior Market Knowledge Provides Competitive Advantage 3. Continuous Training and Mentoring Team Members 4. Continuously Creating New Strategies & A P M Processes to Maximize Cashflow & Revenue 5. Leveraging Purchases to Reduce Material & Supply Expenses 6. Long Standing Vendor Relations 7. Distressed Repositioning Track Record 8. Innovative Technology Systems

APM Overview Services ( APM ) works closely with multifamily property owners and clients to manage, preserve, protect, and maximize the performance of each asset. With our combined 100+ years of experience and solid professional track record we are well positioned to assist you. Property Management We have successfully managed 150+ assets and operated 12,000+ units throughout the U.S. in the past 30 years. The key to our success includes maximizing net operating income by increasing revenue and decreasing expenses. Financial Reporting At APM, we understand the importance of providing accurate Financial reporting individualized to each clients needs. On each assignment we compile detailed budget in an effort to benchmark asset performance. The goal is to stabilize, stabilize, stabilize, by controlling expenses, increasing revenue and implementing improvements while paying close attention to the bottom line. Then report financial results on a timely basis. Occupancy Management We understand that staying one step ahead of the competition is key to our success. Some of our strengths include proven and tried processes of rent optimization strategies, lease expiration management, effective management of vacant inventory, prompt response to service calls, successful resident retention programs and strong closing of sales on prospects. Facility Management Managing the overall condition of the asset is essential. The preventative maintenance of your property is a top priority. Around the clock, we will schedule maintenance and repairs, inspect the property and units on a regular basis to guarantee it is in top condition, and resolve emergency maintenance issues quickly. Administrative & HR Management Your employees are your best asset! We provide quality benefits necessary to attract and retain the best employees. We give them excellent training and educational programs while making sure we maintain compliance with all requirements. Motivational sales training is implemented and reinforced continuously producing fabulous results. Construction Management Overseeing re-development has become one of our specialties. From the exterior through the interior, we have a broad range of experience in coordinating the construction related elements and operations of projects.

Experience / Track Record Multi-Family Properties Managed Management # of Property IRR Property Name Location Type Units Value Calculation Auburn Glen Apts. Jacksonville, Florida 3rd party Fee 251 16,200,000.00 N/A Bear Creek Bartow, Florida 3rd party Fee 48 1,440,000.00 N/A Blossom Corners I Orlando, Florida 3rd party Fee 70 2,800,000.00 N/A Blossom Corners II Orlando, Florida 3rd party Fee 68 2,720,000.00 N/A Bridgepoint Jacksonville, Florida 3rd party Fee 49 1,862,000.00 N/A Brookwood Way Mansfield, Ohio 3rd party Fee 66 2,970,000.00 N/A Camellia Court Daytona Beach, Florida 3rd party Fee 61 2,501,000.00 N/A Candlewood II Tampa, Florida 3rd party Fee 33 1,155,000.00 N/A Country Sq I Tampa, Florida 3rd party Fee 73 1,682,750.00 N/A Crystal Court I & II Lakeland, Florida 3rd party Fee 156 6,474,000.00 N/A Curiosity Creek Tampa, Florida 3rd party Fee 82 3,075,000.00 N/A Dolphin Cove Titusville, Florida 3rd party Fee 50 1,602,050.00 N/A Eagle Lake Port Orange, Florida 3rd party Fee 77 3,241,700.00 N/A Forest Glen I -IV Daytona Beach, Florida 3rd party Fee 120 7,080,000.00 N/A Fountain Apts Orlando, Florida 3rd party Fee 552 35,880,000.00 N/A Fountain Place Casselberry, Florida 3rd party Fee 65 5,720,000.00 N/A Foxes Lair Elyria, Ohio 3rd party Fee 250 21,250,000.00 N/A Foxglove Xenia, Ohio 3rd party Fee 60 2,700,000.00 N/A Hibiscus Place Apts. Orlando, Florida 3rd party Fee 255 8,925,000.00 N/A Heather Ridge Jacksonville, Florida 3rd party Fee 120 4,800,000.00 N/A Heatherwood I Kissimmee, Florida 3rd party Fee 67 2,579,500.00 N/A Heatherwood II Kissimmee, Florida 3rd party Fee 42 1,617,000.00 N/A Jennifer Green Orange Park, Florida 3rd party Fee 120 4,800,000.00 N/A Lake Mann Orlando, Florida 3rd party Fee 189 8,505,000.00 N/A Lamplight Court Bellfountaine, Ohio 3rd party Fee 83 2,905,000.00 N/A Landings Palm Bay Palm Bay, Florida 3rd party Fee 271 17,615,000.00 N/A Laurell Oaks Cocoa, Florida 3rd party Fee 56 3,920,000.00 N/A Longwood I Cocoa, Florida 3rd party Fee 62 2,542,000.00 N/A Longwood II Cocoa, Florida 3rd party Fee 36 1,476,000.00 N/A Meadowdale Melbourne, Florida 3rd party Fee 64 2,400,000.00 N/A Misty Oaks Orlando, Florida 3rd party Fee 251 11,295,000.00 N/A Northwood Jacksonville, Florida 3rd party Fee 160 6,384,000.00 N/A

Experience / Track Record Continued Oak Reserve Apts. Winter Park, Florida 3rd party Fee 142 15,700,000.00 N/A Oakwood Commons Orlando, Florida 3rd party Fee 335 22,300,000.00 N/A Pineview Gainesville, Florida 3rd party Fee 91 2,548,000.00 N/A Pinewood Kent, Ohio 3rd party Fee 79 3,199,500.00 N/A Reserve I Orlando, Florida 3rd party Fee 344 18,920,000.00 N/A Reserve II Orlando, Florida 3rd party Fee 144 7,920,000.00 N/A Southwood Apts. Jacksonville, Florida 3rd party Fee 86 5,590,000.00 N/A Spring Glade Tampa, Florida 3rd party Fee 79 1,896,000.00 N/A Stadium Club Statesboro, Georgia 3rd party Fee 366 8,418,000.00 N/A Sunrise I & II Titusville, Florida 3rd party Fee 101 4,009,700.00 N/A Total 3rd Party Fee Managed Properties 5,674 290,618,200 Abbington Square Jacksonville, Florida Owned / Fee 212 9,540,000.00 21.88% Blueberry Hill Leesburg, Florida Owned / Fee 68 2,856,000.00 22.97% Bottlebrush Palm Bay, Florida Owned / Fee 50 1,925,000.00 18.99% Brandywyne East Winter Haven, Florida Owned / Fee 38 1,634,000.00 20.75% Brandywyne West Winter Haven, Florida Owned / Fee 43 1,870,500.00 18.58% Candlewood I Tampa, Florida Owned / Fee 64 2,432,000.00 23.63% Clearlake Pines I Cocoa, Florida Owned / Fee 68 2,822,000.00 27.73% Clearlake Pines II Cocoa, Florida Owned / Fee 52 2,002,000.00 24.73% Emerld Green Kissimmee, Florida Owned / Fee 176 7,216,000.00 18.24% Gainesville Garden Apts. Gainesville, Florida Owned / Fee 360 12,960,000.00 16.96% Gardenwood Bradenton, Florida Owned / Fee 55 2,282,500.00 20.11% Fountain Apts Orlando, Florida Owned / Fee 552 40,296,000.00 22.18% Heritage Trace Newport News, Virginia Owned / Fee 200 12,200,000.00 16.75% Howell Branch Station Winter Park, Florida Owned / Fee 366 32,757,000.00 100.10% Ketch Key Kissimmee, Florida Owned / Fee 80 2,480,000.00 17.83% Lost Tree Ft. Myers, Florida Owned / Fee 60 2,880,000.00 23.87% Magnolia Grove Casselberry, Florida Owned / Fee 352 22,176,000.00 17.01% Morningside Titusville, Florida Owned / Fee 183 7,228,500.00 21.31% Oyster Point Newport News, Virginia Owned / Fee 278 17,514,000.00 17.05% Priariewood Gainesville, Florida Owned / Fee 41 1,439,100.00 23.36% Ridgegate Waterbury, Connecticut Owned / Fee 112 10,080,000.00 17.51% Ridgepoint Orlando, Florida Owned / Fee 59 2,537,000.00 26.31% Rollingwood Casselberry, Florida Owned / Fee 40 1,720,000.00 20.01% Sierra Point Temple Terrace, Florida Owned / Fee 296 15,392,000.00 19.14%

Experience / Track Record Continued Sky Pines Orlando, Florida Owned / Fee 140 6,020,000.00 26.15% Springwood Tampa, Florida Owned / Fee 57 2,337,000.00 23.64% Stone Cove I St. Augustine, Florida Owned / Fee 45 2,205,000.00 19.69% Stone Cove II St. Augustine, Florida Owned / Fee 56 2,744,000.00 19.79% Summerwind Jacksonville, Florida Owned / Fee 62 2,635,000.00 31.07% The Landings Winter Haven, Florida Owned / Fee 60 2,520,000.00 23.38% The Oaks Orlando, Florida Owned / Fee 54 3,186,000.00 57.01% The Palms Livingston Tampa, Florida Owned / Fee 212 13,780,000.00 22.43% Townwoods Savannah, Georgia Owned / Fee 57 2,565,000.00 25.24% Trailwoods Port Orange, Florida Owned / Fee 48 3,120,000.00 28.36% Turkscap Tampa, Florida Owned / Fee 40 1,640,000.00 20.74% University Sq Tampa, Florida Owned / Fee 82 3,772,000.00 22.50% Virginia Pines Ft. Pierce, Florida Owned / Fee 70 3,325,000.00 19.77% Wellington Newport News, Virginia Owned / Fee 152 10,488,000.00 24.06% Winter Garden Winter Garden, Florida Owned / Fee 64 2,624,000.00 31.14% Woodlands Orlando, Florida Owned / Fee 169 7,858,500.00 24.05% Total Owned / Fee Managed Properties 5,173 287,059,100 Grand Total Units Managed 10,847 577,677,300 * * Partial Listing of Properties

A P M Management Experience Multi-Family The Landings Cocoa, FL 271 Units Sierra Point Tampa, FL 304 Units Heather Ridge Jacksonville, FL 120 Units The Palms at Livingston Lutz, FL 212 Units Northwood Jacksonville, FL 160 Units The Fountains Lake Orlando Orlando, FL 552 Units Oakwood Commons Orlando, FL 335 Units Jennifer Green Jacksonville, FL 120 Units Bear Creek Bartow, FL 48 Units

Receivership Services APM Services, LLC is highly experienced in the matters of distressed assets. Our team has the ability to manage receivership assets as well as act in the capacity of court-appointed receiver for lenders and special services. When assuming management of an asset, our goal is to implement client requirements, preserve and protect the value of the real-estate property while implementing controls and processes that effectively manage and stabilize the affairs of the property. As a receiver and manager, our approach is individualized based on the requirements of each particular situation. Some priorities may include the following: Immediate When necessary File Oath of Receiver with the Court If required, provide a Surety Bond in amount sufficient to protect the parties and submit Bond to the Court for approval Take immediate control of the asset with safeguards in place Triage the asset addressing life safety issues Property and Occupancy Management Lease Audit Collect rent and other income Understand delinquency issues Optimize a rental and tenant retention strategy Initiate eviction against tenants who are in lease violation Ensure compliance with laws, regulations & orders issued by governmental agencies Employ legal counsel to assist as necessary Insurance Management Assume appropriate property insurance is in place Assume employment & Workman s Comp. insurances are in place Financial Management Accounting Reports for Court & Contracted Parties Review past accounting for Budget and Discrepancies Budget for Preservation and Maximizing Value Facility Management Preventative Maintenance planning Property and Unit inspections Capital Budget for Planning

Asset Management Services APM Services, LLC provides asset management services to third party Clients. A Summary of our Services is listed below. We have worked most recently with CNL Financial Group in Orlando, Florida for the last 3 years. We provided Asset Management Services for a 450 unit property in Boca Raton, Florida and a 776 unit property in Tampa, Florida. Financial Statements Analyze Income statements Analyze Rent Roll Analyze General Ledger Analyze Current Year budgets Compare Budget to Actuals Property Site Visits Evaluate current Staff Evaluate Exterior Property Condition Evaluate Interior Unit Condition Evaluate Amenities, Common Areas, Clubhouse / Office Evaluate Leasing Procedures Marketing Evaluate Current Marketing Strategy How is the Strategy Measured? How are the results Measured? Is the Staff buying into the Strategy? Leasing & Renewal Bonus s Ownership Goals and Objectives Creating a Strategy that achieves Ownerships Goals and Objectives Capital Budgeting Capital Expenditures Annual Budgeting Exit Strategy for the Property Current Management Work Closely with Current Management Build a non threatening relationship We are here to help!

Due Diligence Services APM Services, LLC provides Due Diligence Services to third party Clients. An Summary of what we do is listed below. Professional Property Report Property Exterior inspection Unit Interior Inspection, all Units Inspection of all Amenities, Common Areas and Office Lease File Audit, All Units, Compared to Rent Roll Evaluation of Site Signage Executive Summary Photos Sample Report available upon request