2011 - Apartment Association | Metro Denver
2011 - Apartment Association | Metro Denver
2011 - Apartment Association | Metro Denver
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APARTMENT NOV/DEC 2010<br />
WHO’SWHO<br />
<strong>2011</strong><br />
shaping the industry<br />
A Look At the top MAnAgeMent And<br />
deveLopMent professionALs in the <strong>Metro</strong><br />
denver MuLti-fAMiLy housing industry
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Trends<br />
APARTMENT<br />
the voiCe of the<br />
denver MuLtifAMiLy housing industry<br />
Nov/Dec 2010 • Volume 23 Number 11<br />
www.aamdhq.org<br />
PUBLISHER<br />
Mark Williams<br />
mwilliams@aamdhq.org<br />
DESIGN, PRODUCTION, SALES & ADVERTISING<br />
Christopher Dean<br />
cdean@aamdhq.org<br />
CONTRIBUTING EDITOR<br />
Julie Evans-Schmitt<br />
julie@aamdhq.org<br />
COMMUNICATIONS COMMITTEE<br />
Melissa Robbins, Joel Sandoval, Adrianne Aleman,<br />
Amy Ashburn, Jennifer Beebe, Lindsay McHale,<br />
Hilary Rogers<br />
CONTRIBUTORS<br />
Lynett Brockman, Cary Bruteig, Nancy Burke, Brad<br />
Coldiron, Wendy Jenkins, Amy Kosnikowski, Cherie Shaw,<br />
Meghan Storrie<br />
ADVERTISING<br />
Please contact Christopher Dean or Julie Evans-Schmitt<br />
at 303.329.3300 for more information about advertising<br />
in Trends. Deadline for contracts and artwork are the first<br />
Monday of the month prior to publication.<br />
ARTICLE SUBMISSION<br />
Trends will consider printing any article written by an<br />
AAMD member that applies to the <strong>Denver</strong> multi-family<br />
industry, is 500-1200 words, does not promote any single<br />
company or product. AAMD reserves the right to edit any<br />
article without notification. Due to space, not all articles<br />
submitted will be printed.<br />
Printing: Siler Printing, <strong>Denver</strong>, CO<br />
<strong>Apartment</strong> Trends (USPS 018-233) is published 11 times a year (monthly except for<br />
the combined November/December issue) by The <strong>Apartment</strong> <strong>Association</strong> of <strong>Metro</strong><br />
<strong>Denver</strong>, 3773 Cherry Creek North Drive, Suite 1001, <strong>Denver</strong>, CO 80209. Periodicals<br />
Postage Paid at <strong>Denver</strong>, CO. POSTMASTER: Send address changes to <strong>Apartment</strong><br />
Trends c/o The <strong>Apartment</strong> <strong>Association</strong> of <strong>Metro</strong> <strong>Denver</strong>, 3773 Cherry Creek North<br />
Drive, Suite 1001, <strong>Denver</strong>, CO 80209. Subscription included in membership dues.<br />
<strong>Apartment</strong> Trends is published as a service to its members and all segments of the<br />
apartment industry by The <strong>Apartment</strong> <strong>Association</strong> of <strong>Metro</strong> <strong>Denver</strong>. Any reproduction<br />
or copying in whole or in part, without permission, is prohibited. Articles and events<br />
herein do not necessarily have the endorsement of AAMD but may be presented<br />
to give readers a diversity of views and activity updates. 3773 Cherry Creek North<br />
Drive, Suite 1001, <strong>Denver</strong>, CO 80209, Phone (303) 329-3300, Fax (303) 329-0403, E-mail:<br />
info@aamdhq.org, Web: www.aamdhq.org. AAMD is a tax-exempt professional trade<br />
association representing the multifamily housing industry in the metropolitan <strong>Denver</strong><br />
area. AAMD is affiliated with The Colorado <strong>Apartment</strong> <strong>Association</strong> (www.caahq.org)<br />
and The National <strong>Apartment</strong> <strong>Association</strong> (www.naahq.org).<br />
Contents<br />
5<br />
8<br />
from the president<br />
Highlights from 2010 Includes Rental Rates Topping<br />
$900 for the First Time<br />
Who’s Who <strong>2011</strong><br />
Profiles of Management and Development Professionals<br />
in the <strong>Denver</strong> Multi-Family Housing Industry<br />
upcoming AAMd events<br />
4 Economic Conference<br />
6 Calendar<br />
49 Tributes <strong>2011</strong><br />
departments<br />
3 Leadership<br />
6 Eye on the Industry<br />
44 AIMS Update<br />
47 Vacancy & Rent Statistics<br />
47 Advertising Directory<br />
48 New Members<br />
ContACt AAMd<br />
MAiLing Address:<br />
3773 Cherry Creek north drive<br />
suite 1001<br />
denver, Co 80209<br />
phone: 303.329.3300<br />
fAx: 303.329.0403<br />
MeMBer WeBsite:<br />
www.aamdhq.org<br />
fACeBook<br />
www.facebook.com/aamdhq<br />
194 Fans<br />
executive vice president: Mark Williams, mwilliams@aamdhq.org<br />
vice pres. of government Affairs: nancy Burke, nancy@aamdhq.org<br />
vice pres. of Member services: Julie evans schmitt, julie@aamdhq.org<br />
vice pres. of events & education: Betty knecht, betty@aamdhq.org<br />
Accounting Manager: earlease Alexander, ealexander@aamdhq.org<br />
office Manager: Wenonah Clayton, wclayton@aamdhq.org<br />
Communication & Marketing Mgr: Christopher dean, cdean@aamdhq.org<br />
Manager of education services: Wendy Jenkins, wjenkins@aamdhq.org<br />
programs & events Manager : Julie Marie Martinez, juliemarie@aamdhq.org<br />
CAA Affiliate Coordinator: Meghan storrie, mstorrie@aamdhq.org<br />
tWitter<br />
www.twitter.com/aamdhq<br />
73 Followers<br />
Linkedin<br />
www.linkedin.com/groups?gid=875627<br />
134 Members<br />
NOV/DEC 2010 • TRENDS | 1
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LeAdership<br />
president<br />
Cherie shaw<br />
greystar real estate partners<br />
treAsurer<br />
rocky sundling<br />
Camden property trust<br />
www.aamdhq.org<br />
president-eLeCt<br />
Meredith Wright<br />
echelon property group<br />
suppLier At LArge<br />
foy Bailey<br />
Community interiors<br />
2010-<strong>2011</strong> BoArd of direCtors<br />
viCe president<br />
Mike papantonakis<br />
nina property investors<br />
pAst president<br />
Jennifer nessett<br />
sares-regis group<br />
seCretAry<br />
don Werner<br />
Metrex property group<br />
exeCutive viCe pres.<br />
Mark Williams<br />
AAMd<br />
president Cherie Shaw, Greystar Real Estate Partners<br />
president - elect: Meredith Wright, Echelon Property Group<br />
vice president: Mike Papantonakis, Nina Property Investments<br />
treasurer: Rocky Sundling, Camden Property Trust<br />
secretary: Don Werner, Metrex Property Group<br />
supplier At Large: Foy Bailey, Community Interiors<br />
past president: Jennifer Nessett, Sares Regis Group<br />
executive vice president: Mark Williams, AAMD<br />
owner director: Gayle Gahagan, Corum Real Estate Group<br />
owner director: Pat Hutchison, Legacy Partners<br />
owner director: Jennifer Routon, Echelon Property Group<br />
supplier director: Dan Flanagan, BluSky Restoration<br />
supplier director: Mark Tschetter, Hopkins Tschetter Sulzer, P.C.<br />
JLAC president: Lauren Brockman, Orion Real Estate Group<br />
JLAC pres. elect: Brandon Rich, Greystar Real Estate Partners<br />
education president: Heather Campbell, RedPeak Properties<br />
education pres. elect: Garrett Faillaci, RedPeak Properties<br />
networking president: Vickie Breaux-Michaud, All Set Restoration<br />
networking pres.-elect: Joel Sandoval, Valet Waste<br />
suppliers Council president: Megan Dyk, <strong>Apartment</strong> Book<br />
suppliers Council pres-elect: Jon Butters, Arbor Carpet<br />
iroC president: Deanie Kennedy, IPM Colorado<br />
iroC pres-elect: Brad Coldiron, Coldiron Investment Group<br />
nAA region viii vp: Rex Gambrell, Corum Real Estate Group<br />
CAA president: Dana Lowry, Grand West Properties<br />
2010-<strong>2011</strong> CoMMittee ChAirs<br />
Alliance Chair: Mike Zoellner, RedPeak Properties<br />
Alliance vice: Terry Simone, MultiFamilySolutions<br />
Ambassadors Chair Larissa Ouellette, Interstate Restoration<br />
Ambassadors vice: Jody Robinson, Career Strategies<br />
Chili Cookoff Chair: Chip Kabrud, Mac-Gray<br />
Chili Cookoff vice: Amie Harmon, RediCarpet<br />
Communications Chair: Melissa Robbins, Greystar Real Estate Partners<br />
Communications vice: Joel Sandoval, Valet Waste<br />
Charity Auction Chair: Mary Wessler, ConAm Colorado, Inc.<br />
Charity Auction vice: Scott Kirkwood, Berkshire Property Advisors<br />
economic Conf. Chair: Rocky Sundling, Camden Property Trust<br />
economic Conf. vice: Mark Tschetter, Hopkins Tschetter Sulzer<br />
finance Chair: Rocky Sundling, Camden Property Trust<br />
finance vice: Meredith Wright, Echelon Property Group<br />
golf tournament Chair: Lyn Jacobs, Arbor Carpet<br />
golf tournament vice: Brandon Rich, Greystar Real Estate Partners<br />
June Awards Chair: Jennifer Nessett, Sares-Regis Group<br />
Maintenance olympics Chair: Ed Schell, HD Supply<br />
Maintenance olympics vice: Mike Colton, Greystar Real Estate Partners<br />
Maintenance olympics vice: Todd Bowen, Legacy Partners<br />
Membership Chair: Abby Germano, RenterReviewed<br />
Membership vice: Helen McMahon, SureDeposit<br />
Membership vice: Jenny Jacobs, Standard Interiors<br />
public relations Chair: Mike Gosline, Metrex Property Group<br />
public relations vice: Karen Gladney, POWER Leasing<br />
spring Clean Chair: Stacy Valentine, Equity Residential<br />
spring Clean vice: Wayne Baker, Shaker Painting<br />
trade show Chair: Parke Pettegrew, Carmel Partners<br />
trade show vice: Christina Steeg, Simpson Property Group<br />
NOV/DEC 2010 • TRENDS | 3
ApArtMent AssoCiAtion of <strong>Metro</strong> denver <strong>2011</strong> ECONOMIC CONFERENCE<br />
ECONOMIC<br />
CONFERENCE<br />
RIDE<br />
THE WAVE<br />
WednesdAy JANUARY 26, <strong>2011</strong><br />
7:30-11:30 AM<br />
MArriott dtC 4900 S Syracuse, <strong>Denver</strong><br />
Register Online at www.aamdhq.org<br />
PRESENTED BY:<br />
Once again a record number of industry professionals<br />
contributed to our Who’s Who issue of Trends<br />
Magazine. Our goal with this special edition is to<br />
showcase the leaders of our industry in a fun and<br />
interesting way. Please enjoy this month’s issue of Trends<br />
Magazine which includes over 50 profiles of the top decision<br />
makers in <strong>Metro</strong> <strong>Denver</strong>. These are the individuals who are<br />
leading and shaping our industry.<br />
The first six months as AAMD President have been both<br />
exciting and rewarding. I’d like to recap and highlight several<br />
key accomplishments for the <strong>Association</strong> in 2010. But before<br />
I do, I’d like to thank all of our members for supporting the<br />
organization and our mission! This year we had record<br />
membership renewals and we greatly appreciate everyone’s<br />
commitment to AAMD.<br />
First of all- what an amazing effort our team put into the<br />
recent Fall Elections. Between AAMD and CAA our <strong>Association</strong>s<br />
contributed significant resources and contributions to both<br />
Republican and Democrat candidates who support the rental<br />
housing industry and whose positions on issues are aligned<br />
with our association. I’m pleased to announce our investments<br />
paid off! We were successful in 86% of the elections where we<br />
contributed!<br />
In addition to our electoral efforts our Government Affairs<br />
team had many victories throughout the State Legislative<br />
session. We were able to defeat or successfully amend nearly<br />
all of the significant bills we were actively following. Great job<br />
to our staff and lobbyist teams.<br />
Beyond government affairs, we had several important<br />
Educational achievements. With new EPA regulations it was<br />
critical for AAMD to update our members on new renovation<br />
standards. In 2010 we trained and certified over 350 people<br />
through the EPA Renovators Course! Also, recently we<br />
www.aamdhq.org<br />
froM the president<br />
Cherie Shaw, Greystar Real Estate Partners<br />
Highlights from 2010 includes Rental<br />
Rates topping $900 for first time ever<br />
launched our first Certified <strong>Apartment</strong> Portfolio Supervisor<br />
(CAPS) course (in decades) —and sold out with 26 students<br />
registering. Watch for more great things from our Education<br />
Department as we launch 40 new online courses in <strong>2011</strong>!<br />
In 2010 AAMD continued to establish itself as THE place to<br />
be seen, meet, learn and network with industry professionals.<br />
Several AAMD events broke attendance records or near records,<br />
including: Maintenance Olympics; Chili Cook Off; Power Lunch<br />
program; and we had a record year for Exhibitors at our Trade<br />
Show this year! One of our local Maintenance Olympics<br />
champions went all the way to Nationals and won the Race Car<br />
event- congratulations Lannon Quintana!<br />
2010 also marked a 20 year partnership with Family<br />
Homestead! By raising important funds for this Charity, AAMD<br />
has helped thousands of homeless children by enabling their<br />
parents to take control of their lives. Beyond the critical dollars<br />
we have together donated nearly Ten Thousand man hours to<br />
Family Homestead cleaning and upgrading their apartments<br />
over the years. Thank you to everyone who has contributed<br />
money and time to this outstanding cause – we all should feel<br />
very proud!<br />
Not only has the <strong>Association</strong> been setting some records, but<br />
our industry has too. For the first time ever, average monthly<br />
rent exceeded $900 ($912). This occurred in the 3rd Quarter,<br />
where at the same time vacancies dipped to 5.3%, which is the<br />
lowest mark since Q1 of 2001. Economic vacancy unfortunately<br />
increased in Q3 to nearly 19%. I’ll let you figure that one out…<br />
NOV/DEC 2010 • TRENDS | 5
eye on the industry<br />
Lynett Brockman, Lynett Brockman & Associates<br />
Acquisitions & Management Changes<br />
AMLI Arista On September 16th, AMLI<br />
acquired AMLI Arista (formerly Alexan<br />
Arista) from TCR. AMLI Arista is a 358<br />
unit Class A community located in the<br />
new Arista 200 acre mixed use development in Broomfield. Built<br />
in 2008, the community offers first class amenities as well as<br />
excellent proximity to the Broomfield Park-N-Ride and 1st Bank<br />
Center. Many thanks to AMLI’s Sr. Vice President Dan Gladden for<br />
the update.<br />
General Investment and<br />
Development Companies<br />
(We know the property<br />
management company as “Windsor) has acquired 12,000<br />
additional apartments units. The acquisitions are in multiple<br />
states, California, Washington and Utah to name a few. Many<br />
of the new regions are scheduled to report to Windsor Property<br />
Management’s <strong>Denver</strong> office. Congratulations to the Windsor<br />
team. I know that they are both excited and possibly a little<br />
crazy these days!<br />
Echelon Property Group assumed<br />
management of Fenton Place at the<br />
end of September. The owners of<br />
Fenton Place are anticipating a $2.5M<br />
renovation. Echelon will manage the property improvements,<br />
clubhouse renovation, new pools, roofs, elevators and unit<br />
improvements. Target date for completion of these upgrades is<br />
early Spring <strong>2011</strong>. The community will then be renamed!<br />
Echelon has also acquired management of Courtyard<br />
<strong>Apartment</strong>s at 5100 Leetsdale Drive. The 197 unit community<br />
will receive a makeover that includes new signage, wi-fi,<br />
landscaping, leasing office and common area improvements.<br />
The long time owner/manager group said they recognized<br />
the value that could be created for their asset by hiring a<br />
professional management company who demonstrated a<br />
positive track record for maximizing rents and saving expenses.<br />
They also feel that Echelon’s local presence is a great fit for them.<br />
Movers & Shakers<br />
RedPeak Properties COO , Mark Windhager<br />
has announced that Garrett Faillaci and Brian<br />
Owen have joined the company to broaden<br />
the scope of training and marketing. The duo<br />
will complement RedPeak’s focus on customer<br />
service and the steady growth of the company<br />
as a whole.<br />
Ms. Faillaci has a celebrated background in<br />
Marketing and Training and was a finalist<br />
for AAMD’s prestigious Tribute Award in<br />
2008. Garrett said that she believes in not<br />
only training associates, but training them<br />
to be leaders who in turn train those around<br />
them. She is also excited about expanding the<br />
company’s recruiting initiatives as Training and<br />
Recruiting Director.<br />
Brian Owen, Marketing Director, brings many<br />
years of marketing experience in the multifamily industry.<br />
Brian is known for his effective use of social media outlets for<br />
generating traffic and leases. Many of us will remember Brian<br />
for auctioning an apartment on eBay while at Village Green<br />
Companies – The auction drew national media attention.<br />
Mark your CalendarsMobile Devices<br />
Wednesday, January 19 PowerLunch<br />
Wednesday, January 26 Economic Conference<br />
Wednesday, February 16 PowerLunch<br />
Tuesday, March 8 Maintenance Olympics<br />
Wednesday, March 16 PowerLunch<br />
Wednesday, April 20 PowerLunch<br />
Got News?<br />
Thursday, April 28 Alliance Wine Event<br />
Thursday, May 19 Education Conference &<br />
Trade Show<br />
Thursday, June 16 June Awards<br />
Wednesday, July 20 Summer Economic<br />
Conference<br />
See www.aamdhq.org for complete listings, details and to register.<br />
Brian Owen<br />
AMLI Arista<br />
Garrett Faillaci<br />
Please send announcements about aquisitions or movements for possible publication in Eye on<br />
the Industry to Lynett Brockman: lb@careeroptionshq.com<br />
6 | TRENDS • NOV/DEC 2010 www.aamdhq.org<br />
Go Ahead, It’s Ok to Take the Risk—<br />
“We’ve Got Your Back”<br />
Standard Interiors and Purple Penguin Carpet<br />
Cleaning Have Joined Forces to Bring a New<br />
Level of Service to the Multi-Family Industry<br />
Call us Today For Your FREE Insurance Policy<br />
Call Melinda Covington at 720-434-7488 or<br />
Call Jenny Jacobs at 720-937-5781
WHO’SWHO<br />
<strong>2011</strong><br />
www.aamdhq.org<br />
ShAPING the INDUSTRY<br />
A Look At the top MAnAgeMent And<br />
deveLopMent professionALs in the <strong>Metro</strong><br />
denver MuLti-fAMiLy housing industry<br />
Welcome to the <strong>2011</strong> Edition of Who’s Who. It has always been our goal to<br />
look at the overall <strong>Denver</strong> apartment industry by learning about the people<br />
who shape it. We do this by showcasing these individuals in a fun and<br />
interesting way. How else would we know that prior to joining the industry,<br />
Stephanie Brock bagged groceries? Or that Mike Colton has five kids? Or that<br />
Parke Pettegrew compares himself to William Wallace?<br />
Obviously, this is just skimming the surface. As you delve deeper into these<br />
profiles, you’ll see that our industry is being shaped by talented and<br />
dedicated professionals who love <strong>Denver</strong>. When asked where they’d<br />
retire if money were not an issue, many responded that they<br />
wouldn’t leave Colorado.<br />
We hope you enjoy this mix of business and<br />
casual, and use this issue as easy reference<br />
of the industry’s top management levels.<br />
If you are a VP, Regional /District Manager<br />
or Senior Level Management on the<br />
Owner/Operator side of the business, and<br />
want to be included in future Who’s Who<br />
editions, please contact Christopher Dean<br />
at cdean@aamdhq.org.<br />
NOV/DEC 2010 • TRENDS | 9
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
10 | TRENDS • NOV/DEC 2010<br />
JAson AllEN<br />
Carmel partners<br />
Manager of Service Training<br />
10 years in the industry<br />
Mobile device: iphone (32 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? A friend/ neighbor, I was talking to him<br />
about finding a new job and he told me to apply with Carmel<br />
What is the decision process on how you choose your suppliers?<br />
Price, Location and Customer Service<br />
What is the best career-related decision you ever made?<br />
Applying to work for Carmel on October 20, 2000<br />
What movie title best describes your management style?<br />
The Hang Over<br />
If a reality show were made about your life, what would it be<br />
called? A Day in the Life of Carmel<br />
What is the most valuable contribution you bring to your<br />
company? Being able to bring many different people together as<br />
a team.<br />
How has the approach to your budget changed in the past 3<br />
years? I hate to say it but I never really focus on the budget<br />
I would just order what was needed and was able to almost<br />
always be under budget<br />
What is the hardest business decision you’ve ever had to make?<br />
Letting someone go.<br />
What percentage up or down is your NOI? I would guess 5% up,<br />
but it is property specific.<br />
What is your approval rating of President Obama? Every<br />
President starts out strong the first year of their term and then<br />
the media and fellow Americans turn on them, so I would say<br />
right now 5.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Our M.P.M.S.<br />
If money were not a factor, where would you retire? St. Croix.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? BBQ, you cannot go wrong with BBQ unless your<br />
guests are vegetarians.<br />
JessiCA ANDERSON<br />
Bre properties, inc<br />
Regional Manager<br />
9 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? The assistant manager at the first property<br />
I ever worked at in the apartment industry. I had applied for a<br />
leasing consultant position and I had no prior experience. The<br />
manager asked the assistant to interview me and the assistant<br />
felt I should be hired, but the manager did not, so they kept<br />
looking. Six weeks later I heard back and was offered the job. I<br />
found out later that the assistant manager was my saving grace<br />
and had she not been so influential in convincing her manager, I<br />
would not be where I am today.<br />
What is the decision process on how you choose your suppliers?<br />
Reputation in the industry and references from colleagues is my<br />
first step to compile a short list. From there, bids on a specific<br />
scope, experience, customer service and the ability of the vendor<br />
to supervise their team and ensure quality control. At times we<br />
spend too much time calling vendors back out or inspecting<br />
their work defeating the convenience of a vendor, thus any extra<br />
steps I hear a vendor takes regarding managing quality control is<br />
a buzz phrase for me.<br />
What is the best career-related decision you ever made?<br />
Achieving my CPM designation through IREM. I learned many<br />
valuable skills that were above my pay grade at the time and it<br />
accentuated my education to allow for advancement.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Nerd, outcast, party animal, in that order.<br />
What movie title best describes your management style?<br />
The Commitments<br />
If a reality show were made about your life, what would it be<br />
called? The Balancing Act: Woman vs. 24 Hours<br />
What is the most valuable contribution you bring to your<br />
company? My tenure and dedication to the company. I am<br />
familiar with operations inside and out which helps drive<br />
efficiency and I also truly enjoy the work I do, thus I am committed<br />
to the team I work with and helping to produce great results.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? I’ll go bullish and say Q2 <strong>2011</strong>.<br />
How has the approach to your budget changed in the past 3<br />
years? More of a willingness to be conservative to ensure we hit<br />
our numbers. In the past, we created budgets based on past<br />
trends and were fairly accurate. Some new trends have been<br />
seen that have not followed the norm creating a curve ball.<br />
What is the hardest business decision you’ve ever had to make?<br />
Without being too specific, a few times where I have to make<br />
the decision to part ways with an associate. At times, these<br />
decisions are not as black and white as we’d like them to be, but<br />
it is a necessary evil. I never for a second forget that while this<br />
is a business decision for the company, it is very personal for an<br />
associate and I never make these decisions lightly.<br />
www.aamdhq.org<br />
What is the fastest growing amenity in the industry today? I<br />
have seen very few unique property amenities as of recently that<br />
appear to be catching on so I’d have to say interior amenities. For<br />
the longest time, apartments were pretty basic – beige carpet,<br />
white or tan walls, laminate counters, Hollywood vanity lights,<br />
etc, but the trend to more plush interiors and customization<br />
is wide spread. Granite counters, plank flooring, cherry-look<br />
cabinets, etc. is the new norm. Not just in new builds but in<br />
renovations in older properties as well.<br />
What percentage up or down is your NOI? Down 2.6% through<br />
Q3 2010 over the same period in 2009.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Budgets! Of course I still want complete control of<br />
what is in the budgets, but the input and research can be brutal.<br />
If money were not a factor, where would you retire? Hawaii<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? If they were REALLY important I would not take any<br />
risks and either have catered food brought in or take them out. If<br />
they were somewhat familiar with me and my inability and fear<br />
of cooking, I’d probably make one of the few dishes I am capable<br />
of – Bruschetta – and my husband would cook!<br />
terri AShCRAFT<br />
Adams County housing Authority<br />
Regional Community Manger<br />
over 20 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Kari Kerr, it was supposed to be a temporary<br />
job until I found a real job.<br />
What is the decision process on how you choose your suppliers?<br />
My managers and I look at local companies, customer service<br />
and price.<br />
What is the best career-related decision you ever made? To not<br />
get that real job and to finish my Bachelors Degree in Business.<br />
What movie title best describes your management style?<br />
To Kill a Mockingbird.<br />
If a reality show were made about your life, what would it be<br />
called? Always Pencil Me In.<br />
What is the most valuable contribution you bring to your<br />
company? My years of working in affordable housing in the<br />
Pacific Northwest.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? May 2012.<br />
How has the approach to your budget changed in the past 3<br />
years? It is tighter with more fees incorporated, more concessions<br />
and closer bottom line.<br />
What is the hardest business decision you’ve ever had to make? To<br />
leave my husband and home in Idaho and come work in Colorado<br />
www.aamdhq.org<br />
What is the fastest growing amenity in the industry today? Right<br />
now we can’t offer amenities so customer service is coming back<br />
as a big selling point.<br />
What percentage up or down is your NOI? It is up slightly.<br />
If money were not a factor, where would you retire? The cruise<br />
shop that travels around the world.<br />
If entertaining important guests, what would you prepare/<br />
serve for dinner? I’d serve pasta with zucchini, turkey meatballs<br />
and homemade red sauce, warm French bread with a olive oil<br />
balsamic vinegar dipping sauce, fresh tossed salad, Leonetti<br />
Merlot wine and mango gelato with fresh raspberries and<br />
chocolate port for dessert.<br />
CArMen AzzOPARDI, CpM<br />
griffis-Blessing, inc.<br />
Regional Property Manager<br />
24 years in the industry<br />
Mobile device: Blackberry<br />
What is the decision process on how you choose your suppliers?<br />
Member of the local <strong>Apartment</strong> <strong>Association</strong>, quality of work and<br />
price.<br />
What is the best career-related decision you ever made?<br />
Becoming a Certified Property Manager<br />
What movie title best describes your management style? Rudy.<br />
(“Dream big, never quit)<br />
If a reality show were made about your life, what would it be<br />
called? The Team Builder<br />
What is the most valuable contribution you bring to your<br />
company? MoJo<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? January <strong>2011</strong><br />
How has the approach to your budget changed in the past<br />
3 years? Focus on rental increases and reduced concessions.<br />
Marketing dollars have shifted from heavy print to heavy internet<br />
and social media advertisement.<br />
What is the hardest business decision you’ve ever had to make?<br />
To stay in Colorado Springs to work.<br />
What is the fastest growing amenity in the industry today?<br />
Connecting your residents through Social Media.<br />
What percentage up or down is your NOI? +5%<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Counseling employees<br />
If money were not a factor, where would you retire? In the<br />
mountains over looking a lake on about 5 acres of land.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Filet Mignon, Wild Rice, French Style green beans,<br />
dinner rolls and Salad.<br />
NOV/DEC 2010 • TRENDS | 11<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
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12 | TRENDS • NOV/DEC 2010<br />
stACey BAlDwIN<br />
hans nielsen, inc<br />
Portfolio Manager<br />
over 20 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? My BFF when she moved her boyfriend, a<br />
dog, a fish, a frog and a cat into our little apartment. I needed a<br />
place to live.<br />
What is the decision process on how you choose your suppliers?<br />
Past relationships, how well they follow through with the<br />
bidding process, sincerity, honesty and integrity. Oh and price<br />
plays a part in that, too.<br />
What movie title best describes your management style? Boiler<br />
Room. No, wait. Fast N Furious - or anything with Vin Diesel in it.<br />
If a reality show were made about your life, what would it be<br />
called? As the Community Turns<br />
What social media sites do you use? Which ones don’t I have??<br />
Ok Twitter - I don’t twit ~ I am not sure who would care that I just<br />
bought a new pair of shoes or I’m sitting on the veranda.<br />
What is the most valuable contribution you bring to your<br />
company? My Humor? Good Looks? No wait its my business sense<br />
and knowing how to save money and improve the bottom line. I’m<br />
a master negotiator, learned that from Bob J. at the Broe Company.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? As I projected last year.... 4th quarter 2010 - Oh wait<br />
all my properties are already there.<br />
How has the approach to your budget changed in the past 3<br />
years? Back to basics.<br />
What is the hardest business decision you’ve ever had to make?<br />
Having to choose a local position over one that would require<br />
75% travel in order to be with my daughter. Sometimes money<br />
CAN’T buy everything.<br />
What is the fastest growing amenity in the industry today? I’ve<br />
heard its trash and recycling.<br />
What is your approval rating of President Obama? About average<br />
~ 7-ish. Its like any new position - you get there its a mess, you<br />
make the best decisions you think will help. Not all of them are<br />
perfect. Politics and Sports - you can buy anything with money.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? My least favorite task is reprimanding employees for<br />
a second time. It usually means, “is your resume updated?”<br />
If money were not a factor, where would you retire? Ahhh, the<br />
beach, some place near the shore where I can hear the sound of<br />
the ocean with a cool breeze, a book and a maitai and sharing it<br />
with someone special!<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Everyone I have over for dinner is important! I am<br />
creative and like to try new things ~ guess it depends on which<br />
personality I am.<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
todd BOwEN<br />
Legacy partners residential inc.<br />
Director of Property Services<br />
17 years in the industry<br />
Blackberry (15 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? George Schilling, in 1993 he got me an<br />
interview with Judy Houchins at Woodridge <strong>Apartment</strong>s for a<br />
Grounds Keeper position.<br />
What is the decision process on how you choose your suppliers?<br />
Each vendor I choose for Legacy Partners must be a member of<br />
the AAMD and have a proven track record in the industry.<br />
What is the best career-related decision you ever made? To come<br />
back to Legacy Partners!<br />
What movie title best describes your management style?<br />
Mission Impossible<br />
If a reality show were made about your life, what would it be<br />
called? Working with the Stars<br />
What is the most valuable contribution you bring to your<br />
company? Leadership skills<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? July <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? CRUNCH!! CRUNCH!! CRUNCH!!!<br />
What is the hardest business decision you’ve ever had to make?<br />
Leaving my successful sales position and moving to a position that<br />
I had never done before, but worked my entire career to get to.<br />
What is the fastest growing amenity in the industry today?<br />
“Yoga” for some crazy reason I can not explain.<br />
What is your approval rating of President Obama? 3 (because I<br />
still do not have my tax refund back from this year!)<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Firing a non-performing team member<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Start off with a Jumbo Cocktail Shrimp appetizer<br />
followed by a rotisserie grilled Prime Rib, grilled Asparagus and<br />
finish the evening with a Apple Crumble and a glass of Crown<br />
Royal on the rocks.<br />
stephAnie BROCk<br />
riverstone residential group<br />
Division President-Central<br />
24 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I was sacking groceries in Austin during<br />
college. I carried a property manager’s groceries out and she<br />
offered me a job. The rest is history.<br />
What is the decision process on how you choose your suppliers?<br />
Response, quality, price.<br />
What is the best career-related decision you ever made? Moved<br />
from Austin to Houston to take a position. Houston was not my<br />
favorite city but had the best potential for career opportunities.<br />
If a reality show were made about your life, what would it be<br />
called? Methodical Chaos.<br />
What is the most valuable contribution you bring to your<br />
company? Vision and balance.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? June <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? Offensive versus defensive. Pushing revenue.<br />
What is the hardest business decision you’ve ever had to make?<br />
All associate based. Terminating a good person who made a<br />
significantly poor decision.<br />
What is the fastest growing amenity in the industry today? Pet<br />
services including washes, dog runs, dexterity parks etc.<br />
What percentage up or down is your NOI? Up 4%<br />
If money were not a factor, where would you retire? Colorado<br />
with the ability to travel and go wherever I wanted.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Grill a great steak and seafood; good red wine.<br />
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14 | TRENDS • NOV/DEC 2010<br />
CArA BRzEzICkI<br />
ConAm Colorado<br />
Regional Systems Coordinator<br />
7 years in the industry<br />
Mobile device: samsung facinate<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? Emily (does not work in the industry<br />
anymore). I was a realtor that needed more money and I happen<br />
to rent my first apartment in Littleton (always rented houses) and<br />
I thought it was similar to selling houses, so I applied.<br />
What is the decision process on how you choose your suppliers?<br />
Work history I have had with them and ethics.<br />
What is the best career-related decision you ever made? Switch<br />
companies to meet new people.<br />
What high school stereotype were you (jock, band, nerd, etc)? I was<br />
the goofy, silly girl. I was not very popular, but I made people laugh.<br />
What movie title best describes your management style? Turner<br />
and Hooch! I am good at helping the properties do the right<br />
thing, but I am a softie!<br />
If a reality show were made about your life, what would it be<br />
called? Deceiving Looks<br />
What is the most valuable contribution you bring to your<br />
company? My sense of humor. I think in this business it is easy<br />
to be too serious, but having a laugh here and there keeps<br />
everyone smiling and enjoying their work environment.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? This is a million dollar question!<br />
How has the approach to your budget changed in the past 3<br />
years? I have always been frugal, but now I am just plain cheap!<br />
What is the hardest business decision you’ve ever had to make?<br />
Leaving a good-paying corporate job because I knew that there<br />
was something out there that I would love!<br />
What percentage up or down is your NOI? I know all of my<br />
properties are doing great!<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I really love my job but if I had to pick something<br />
I would say fixing all of the computers, networks, printers,<br />
electronics, etc. because electronics do not like me ;-)<br />
If money were not a factor, where would you retire? I have not<br />
visited every place that I would like to, so I do not know quite yet.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I think that a simple pasta dish with a flavorful sauce<br />
and red wine would be a great dinner that everyone would<br />
enjoy. I am only good at making pasta!<br />
JAson BUSBOOM<br />
Busboom group<br />
President<br />
8 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Generally it was DU’s Masters in Real Estate<br />
and Construction Management Program, but I’d credit Dr.<br />
Mike Crean with first helping me break into the industry. I was<br />
deciding between CU-Boulder’s MBA Program and DU’s Real<br />
Estate Program and sat in on one of Mike’s classes and was sold<br />
on DU.<br />
What is the decision process on how you choose your suppliers?<br />
We primarily use smaller vendors to avoid the overhead costs<br />
associated with larger companies, but not so small that they<br />
cannot perform within 24 hours or so. We require $1M/$2M<br />
aggregate in insurance and prefer local, <strong>Denver</strong>-based<br />
companies. In general, we deal with owner/operators as well for<br />
accountability reasons.<br />
What is the best career-related decision you ever made? After<br />
graduating from the University of Illinois, I was in strategic, IT,<br />
and supply chain consulting for about 8 years, which really<br />
helped to learn all major aspects of business and to provide a<br />
strong foundation for starting my own company.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Ummm....I liken myself to one of the Glee cast members, but<br />
mixed with an NFL player’s athleticism without really the ability<br />
to sing, dance, or have any athletic ability.<br />
What movie title best describes your management style? This<br />
is tapping out my creative abilities...how about Cool Hand Luke -<br />
my business partner Judy Nguyen says I’m a servant leader that<br />
leads by example with my “Upside-down Pyramid” management<br />
approach where our management team if to support their team<br />
more and more as you get closer to the customer to make sure<br />
the customer has wonderful customer service....I think she just<br />
thinks I can eat a lot of hard-boiled eggs.<br />
If a reality show were made about your life, what would it be<br />
called? Yes, Dear...<br />
What is the most valuable contribution you bring to your company?<br />
Leadership skills to drive process improvement and efficiencies that<br />
help our team members provide great customer service.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? We’ve been under 5% since February, but August<br />
<strong>2011</strong> for the <strong>Metro</strong> area.<br />
How has the approach to your budget changed in the past 3<br />
years? More details, specifically to include lease expirations<br />
for more accurate and detailed revenue projections. Expenses<br />
www.aamdhq.org<br />
have been falling for us for a few years, but I think all lowhanging<br />
fruit has been grabbed (conservation investments,<br />
challenging taxes, implementing RUBS, and shopping<br />
insurance providers), but we’ll continue to decrease expenses<br />
via process improvements, leveraging our vendors’ scale, and<br />
using software/technological advancements.<br />
What is the hardest business decision you’ve ever had to make?<br />
Switching industries from strategy consulting to go back to school<br />
for my masters and the significant decrease in pay....either that or<br />
getting married since I lost all ability to make any future decisions.<br />
What is the fastest growing amenity in the industry today? We<br />
provide free hi-speed wireless, but we’re seeing our on-line bill<br />
payments increase each month.<br />
What percentage up or down is your NOI? 2010 over 2009 YTD<br />
is 3.4%, but the 4 months including June to September is 18%<br />
and we expect that to increase as the 4th quarter gets included.<br />
We did make quite a few investments earlier this year that we<br />
expense as well.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Judy and I both get involved in the technology<br />
piece of our business and at some point in the future it will be<br />
nice to have a dedicated person to more focused on industry’s<br />
latest and greatest.<br />
If money were not a factor, where would you retire? Colorado!<br />
With a weekend chateau in the Bahamas....<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? My boys love hot dogs and Mac ‘n Cheese!<br />
www.aamdhq.org<br />
roBert CARR<br />
Weidner <strong>Apartment</strong> homes<br />
Regional Director<br />
20 years in the industry<br />
Mobile device: iphone (40 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? One of my best friends from high school got<br />
a job managing a small property with his wife. It seemed like a<br />
great way to get through college without having to pay rent.<br />
What is the decision process on how you choose your suppliers?<br />
We have a pretty established vendor list of people we have done<br />
business with for years. The companies we use consistently<br />
provide us with excellent communication, pricing and service.<br />
What is the best career-related decision you ever made? To<br />
come to work for Weidner. At the time I was considering a<br />
different career path entirely but I am very thankful I stayed in<br />
our industry.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
I grew up in Boulder, the only city in America where cyclist is<br />
actually a high school stereotype.<br />
What movie title best describes your management style?<br />
Captain Ron<br />
If a reality show were made about your life, what would it<br />
be called? Something about being very frugal or cheap.<br />
Cheapskate? MacFrugal?<br />
What is the most valuable contribution you bring to your<br />
company? The ability to find and develop talented associates.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? July, <strong>2011</strong>.<br />
How has the approach to your budget changed in the past 3<br />
years? Each year I get a little more nerdy and detailed.<br />
What is the hardest business decision you’ve ever had to make?<br />
To me the hardest decisions are always around terminating<br />
someone’s employment. It’s not something that should be easy.<br />
What is the fastest growing amenity in the industry today?<br />
Concierge trash removal?<br />
What percentage up or down is your NOI? +9% for the first half<br />
of 2010.<br />
What is your approval rating of President Obama? I think he has<br />
done a pretty impressive job considering the mess he inherited.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? There are certain things that are not pleasant but<br />
they are necessary and I wouldn’t put them off on someone else.<br />
If money were not a factor, where would you retire? Alta<br />
Wyoming. (West side of the Tetons)<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Mojitos, red snapper and fried plantains.<br />
NOV/DEC 2010 • TRENDS | 15<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
How Are<br />
Potential Renters<br />
Finding You?<br />
Our Solutions Network helps you reach your customers at the perfect<br />
moment. To find out more, contact the <strong>Denver</strong> office at 303-765-2600<br />
16 | TRENDS • NOV/DEC 2010<br />
or denver528@forrent.com.<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
BrAd COlDIRON<br />
Coldiron investment group, LLC<br />
Managing Member/Owner<br />
over 35 years in the industry<br />
Mobile device: palm pre plus (37 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? My mother got me into the industry. She<br />
was earning extra money doing “flips” before it was cool. In the<br />
70’s she and my father would do all the work to rehab a house<br />
and flip it or make it a rental to provide income (or at least pay<br />
the mortgage). Helping them after school into the wee hours of<br />
the night and on weekends I learned everything from painting,<br />
drywall, pluming, electric, roofing, make ready and renting. It<br />
was not fun but certainly taught me the trade.<br />
What is the decision process on how you choose your suppliers?<br />
It is all about good service, good product and a fair price.<br />
What is the best career-related decision you ever made? Why is it that<br />
one always remembers the bad decisions and not the good ones?<br />
What movie title best describes your management style? I’m not<br />
so sure about this one. My staff says “Michael Clayton”…if only I<br />
were as good-looking as George Clooney!<br />
If a reality show were made about your life, what would it be<br />
called? Rolling with the Punches<br />
What is the most valuable contribution you bring to your<br />
company? Vision, dedication and the drive to succeed.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? June 2012…if we are lucky!<br />
How has the approach to your budget changed in the past 3<br />
years? It really has not changed a great deal.<br />
What is the hardest business decision you’ve ever had to make?<br />
Terminate someone I love and respect.<br />
What is the fastest growing amenity in the industry today? One<br />
of the fastest growing amenities is online customer service &<br />
services – providing prospective and existing residents a conduit<br />
to the community, its amenities and services. Everything from<br />
virtual tours, applying online, online payment, online leases and<br />
renewals, online service requests and much much more.<br />
What percentage up or down is your NOI? It has, surprisingly,<br />
remained steady.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I actually enjoy the diversity of it all…from day-today<br />
some tasks and responsibilities are great and others days,<br />
not so great.<br />
If money were not a factor, where would you retire: My own<br />
private island in the Southern Caribbean.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Wine, wine and more wine!<br />
MiChAeL COlTON<br />
greystar real estate partners<br />
Regional Maintenance Director/Project Coordinator<br />
10 years in the industry<br />
Mobile device: Blackberry Curve<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? David Hogue with Baron property’s hired me<br />
the day after 9/11 to be one of his floating maintenance techs<br />
after I closed the doors on my photography business.<br />
What is the decision process on how you choose your suppliers?<br />
Some are already National accounts, some I have known and<br />
trusted for years, and others I engage in a slow learning process<br />
about their company and check industry references before<br />
bringing them into the bid process.<br />
What is the best career-related decision you ever made?<br />
Leaving Baron and joining Greystar. I loved working for Baron<br />
and Sharon Kraft in particular, but Greystar opened the door to<br />
the growth I desired.<br />
What high school stereotype were you? I was the artsy jock. I loved<br />
to draw and several of my drawings still hang in my High School. I<br />
also played football and was a gymnast.<br />
What movie title best describes your management style? Cool<br />
Running. I have a very laid back personality and rarely get<br />
stressed out.<br />
If a reality show were made about your life, what would it be<br />
called? Seven is Enough. Between my wife and I, we have 5<br />
children, ages 15 to 22.<br />
What is the most valuable contribution you bring to your<br />
company? Vendor relations and experience. I was fortunate<br />
to have worked on multiple types of facilities with Baron and<br />
Greystar, including renovations, which exposes you to so much<br />
in short periods of time.<br />
How has the approach to your budget changed in the past 3<br />
years? Our approach is still the same, which is requesting what<br />
we feel is best for each property in terms of physical appearance,<br />
structural integrity and operational needs. That said, our clients<br />
actually determine what they will be budgeting for both the<br />
operations and capital improvement of their assets.<br />
What is the hardest business decision you’ve ever had to make? I<br />
think terminating employees is always (usually) a hard decision,<br />
especially if you know that the decision will have a very negative<br />
impact on that persons family (children).<br />
What is the fastest growing amenity in the industry today? The<br />
extraordinary. Things that are over the top. For example, not just<br />
a clubhouse, but a huge clubhouse with outdoor TVs. Not just<br />
a nice swimming pool, but a black plaster swimming pool with<br />
purple lights. You get the picture.<br />
What percentage up or down is your NOI? Up 1-2%<br />
If money were not a factor, where would you retire? Vancouver<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I am of Italian decent and my passion is Italian food,<br />
so, I would have to go with an all out Italian feast!<br />
NOV/DEC 2010 • TRENDS | 17<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
18 | TRENDS • NOV/DEC 2010<br />
AMy COOlEY<br />
ConAm Colorado<br />
Regional Portfolio Manager<br />
14 years in the industry<br />
Mobile device: iphone<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Just like a lot of people, I was just looking for<br />
an apartment and found myself a career instead!<br />
What is the decision process on how you choose your suppliers? I<br />
just focus on the bottom line pricing.<br />
What is the best career-related decision you ever made? To take<br />
a few risks.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Nothing in particular, I was involved with every aspect that high<br />
school had to offer, whether it was sports and/or clubs.<br />
If a reality show were made about your life, what would it be<br />
called? The Biggest To-Do List<br />
What is the most valuable contribution you bring to your<br />
company? They call me “The Devil’s Advocate”. I hope that’s a<br />
good thing.<br />
How has the approach to your budget changed in the past 3<br />
years? Trim, trim, trim.<br />
What is the fastest growing amenity in the industry today? I think<br />
anything value-driven that can save residents money, such as<br />
fitness centers, pet services, etc.<br />
If money were not a factor, where would you retire? Hilton Head.<br />
If entertaining important guests, what would you prepare/<br />
serve for dinner? My family claims I make a great spaghetti<br />
bolognese...prepared and served with a lot of good red wine.<br />
SUPPlIER OF ThE MONTh - oCtoBer 2010<br />
eLizABeth DAPPER<br />
riverstone residential group<br />
Vice President<br />
21 years in the industry<br />
Mobile device: Blackberry (12 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? By accident like most I believe! Interviewed<br />
out of college for an Admin position at a Commercial Property<br />
Management Company (MIG in Orlando, FL). I had done quite a<br />
bit of music and theatre in college, and was hired by Hal Klein who<br />
said “If you can do theatre, you can do Property Management!”<br />
What is the decision process on how you choose your suppliers?<br />
Riverstone has a preferred supplier program that interviews quality<br />
suppliers in each market, insuring best quality and best pricing!<br />
What is the best career-related decision you ever made? To trust<br />
solid leadership and my mentor, Stephanie Brock, with my career<br />
path. I am enjoying a new role in business development and will<br />
continue to evolve as needed!<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Honors classes, nerd, and theatre geek.<br />
What movie title best describes your management style?<br />
Carpe’ Diem!<br />
What is the most valuable contribution you bring to your<br />
company? Go with the flow, jump in any way that is needed, and<br />
bring passion to whatever that may be!<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? June <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? Technology and software improvements have enabled<br />
much more accurate projections, and reduced expenses with<br />
better negotiated pricing with Riverstone pricing, as well as more<br />
pinpointed marketing on the Internet which has significantly<br />
reduced advertising budgets.<br />
What is the hardest business decision you’ve ever had to make?<br />
To eliminate a position to improve business model; and to<br />
terminate associates who may be nice and trying hard, but can’t<br />
get the job done.<br />
What percentage up or down is your NOI? All NOI is up, but<br />
percentage varies by market.<br />
If money were not a factor, where would you retire? In an oceanfront<br />
condo on any warm beach!<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Surf and Turf!<br />
ThE <strong>2011</strong> AAMD MEMBERShIP DIRECTORY IS COMING. CheCk your<br />
MAiLBox next Month And CALL 303.329.3300 With Any CorreCtions.<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
kerry EGElSTON<br />
Carmel partners<br />
Regional Vice President<br />
25 years in the industry<br />
Mobile device: iphone (15 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I was a waitress at a Country Club and a<br />
co-worker suggested that I would be a good leasing agent, and I<br />
started from there.<br />
What is the decision process on how you choose your suppliers?<br />
We work towards creating partnerships with suppliers where we<br />
can utilize volume discount pricing.<br />
What is the best career-related decision you ever made? Coming<br />
to work for Carmel 10 years ago<br />
What high school stereotype were you? I was the Student<br />
Council Party Girl<br />
What movie title best describes your management style?<br />
Stand and Deliver<br />
If a reality show were made about your life, what would it be<br />
called? Chaos in Colorado<br />
What is the most valuable contribution you bring to your<br />
company? Experience and knowledge of the industry and<br />
property operations<br />
How has the approach to your budget changed in the past 3 years?<br />
Reducing expenses to make up for the downturn in revenue.<br />
What is the fastest growing amenity in the industry today? Wi-Fi<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Dealing with the occasional irate resident.<br />
If money were not a factor, where would you retire? I would have<br />
a beach house for the summer, a house in Mexico for the Winter, a<br />
house in New England for the Fall, and in Spring I would go to Europe.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I would have to ask my husband as he is a trained<br />
chef and I don’t cook. I would make the Martini’s.<br />
Great recruiting<br />
solutions for both<br />
the hiring client<br />
& the candidate.<br />
It’s going to be a<br />
beautiful relationship.<br />
Call Today 303.394.0698<br />
www.LynettBrockman.com<br />
lb@LynettBrockman.com<br />
NOV/DEC 2010 • TRENDS | 19<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
20 | TRENDS • NOV/DEC 2010<br />
gArrett FAIllACI<br />
red peak properties<br />
Training/Recruiting<br />
10 years in the industry<br />
Mobile device: iphone (40 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I got myself in. I was living at a community<br />
and quit my job as a costumer and went in to the leasing office<br />
to ask what happened if I was late with rent. After the eviction<br />
process was explained to me and I freaked out they offered me a<br />
job in leasing.<br />
What is the decision process on how you choose your suppliers?<br />
I seek out AAMD members first, and listen to feedback from<br />
current or previous clientele. The decision is always going to be<br />
solidified when the supplier has a true understanding of service<br />
and executes that with interactions with myself and my team.<br />
What is the best career-related decision you ever made? Being<br />
vocal about where I wanted my career path to go. That way those<br />
that could direct and advise me knew I was open to hearing<br />
feedback and criticism that would lend to the shaping of me.<br />
What high school stereotype were you? Drama geek (think Glee).<br />
What movie title best describes your management style?<br />
Labrynth – because it is exciting at every turn, there are a lot of<br />
muppets and I occasionally dress like David Bowie.<br />
If a reality show were made about your life, what would it be<br />
called? This Stuff Only Happens to Garrett<br />
What is the most valuable contribution you bring to your<br />
company? My sense of humor, the ability to build people up<br />
based on their professional strengths, and my investigative<br />
intuition that aids in problem solving.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? June 2012 – and then the world will end.<br />
How has the approach to your budget changed in the past 3<br />
years? It feels like it has been a fight to get the money needed in<br />
the places we need it for the past 3 years! I love seeing the strides<br />
the industry is taking to reduce operating costs with sustainability<br />
programs and alternative marketing. We have had to be creative<br />
and strategic with our monies and that has led to some innovative<br />
ideas that are paying off. It has also educated everyone that the<br />
standard advertising is not necessarily what we need to go with<br />
at every property, we need to listen to the personality of the asset<br />
and design plans for promotion based on that.<br />
What is the hardest business decision you’ve ever had to make?<br />
This is a bit too fresh…but coming back to work after having my<br />
baby. Then realizing that I was different, and my priorities were<br />
different and I needed to make a change for myself, rather than<br />
serving the needs of everyone else around me. I am rarely selfish,<br />
but now I have to be with my time, my work, and my future.<br />
What is the fastest growing amenity in the industry today? I<br />
would really like to see a resurgence of concierge type services<br />
that simplify life for our residents. If we can somehow give them<br />
time back in their day!<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? My commute! I used to have a home office and now<br />
I actually have to brush my hair before starting the day!<br />
If money were not a factor, where would you retire? Costa Rica – for<br />
awhile and then I would like to have an endless travel fund so that I<br />
could see friends and family all over and bring them to see me.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Ceviche and some killer wine!<br />
gAyLe GAhAGAN<br />
Corum real estate group<br />
Director of Operations<br />
15 years in the industry<br />
iphone (28 Apps)<br />
What is the decision process on how you choose your suppliers?<br />
Product and pricing.<br />
What is the best career-related decision you ever made? Taking<br />
a job at Corum to fully learn the property management business.<br />
What movie title best describes your management style?<br />
Little Miss Sunshine<br />
If a reality show were made about your life, what would it be<br />
called? Keeping up with the Gahagans<br />
What is the most valuable contribution you bring to your<br />
company? Intuitiveness, patience and a bit of comic relief.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? February 2012<br />
How has the approach to your budget changed in the past 3<br />
years? Take a more conservative approach to rental income<br />
and expenses.<br />
What is the hardest business decision you’ve ever had to make?<br />
Cutting staff.<br />
What is the fastest growing amenity in the industry today?<br />
Outdoor common area with fire pits/ outdoor tv<br />
What is your approval rating of President Obama? My Mother<br />
always told me, “If you can’t say anything nice then don’t say<br />
anything at all.”<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Being the bearer of bad (negative) news.<br />
If money were not a factor, where would you retire? Spain<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
rex GAMBREll<br />
Corum real estate group<br />
Senior Vice President<br />
25 years in the industry<br />
Mobile device: iphone<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? An accountant and property owner I knew in<br />
Norman, OK asked me to run his property management business<br />
because he was to busy and could no longer run his accounting<br />
practice and his property management business.<br />
What is the decision process on how you choose your suppliers?<br />
Quality of work, pricing, references and AAMD member<br />
What is the best career-related decision you ever made? Moving<br />
from Vail to <strong>Denver</strong><br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
They couldn’t come up with a label for me<br />
What movie title best describes your management style? Ferris<br />
Beuller’s Day Off<br />
If a reality show were made about your life, what would it be<br />
called? Arm Chair Quarterbacks<br />
What is the most valuable contribution you bring to your<br />
company? My sense of calm<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? July, 2012<br />
How has the approach to your budget changed in the past 3<br />
years? More conservative on expenses and income projections<br />
What is the hardest business decision you’ve ever had to make?<br />
Resigning from a piece of business<br />
What is the fastest growing amenity in the industry today?<br />
Wireless internet service<br />
What percentage up or down is your NOI? It’s flat<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Dealing with upset crazy residents<br />
If money were not a factor, where would you retire? Somewhere<br />
in the Caribbean<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Fillet & Wedge Salad with a good Cabernet<br />
ron GOETz<br />
simpson property group L.p.<br />
Senior Vice President<br />
34 years in the industry<br />
Mobile device: iphone (52 Apps)<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? Upon graduation from Kansas State<br />
University with a degree in accounting I moved to <strong>Denver</strong>,<br />
answered an ad in the <strong>Denver</strong> Post and was hired by JBK<br />
Management Group as their new Controller. That was the start<br />
of my career in Property Management. The B of JBK was Irv Baker<br />
who brought me into the industry where we worked together for<br />
the first ten years.<br />
What is the decision process on how you choose your suppliers?<br />
Depending upon the product or service the most prevalent<br />
factors are quality, price, reputation of the company and<br />
customer service.<br />
What is the best career-related decision you ever made?I left<br />
<strong>Denver</strong> in 1988, I was offered a job with Simpson Property Group<br />
in 1998, and I accepted and moved back. Simpson is a great<br />
organization that puts their employees first.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
I was a runner, receiving seven varsity letters over the four years.<br />
What movie title best describes your management style?<br />
A Man for All Seasons<br />
If a reality show were made about your life, what would it be<br />
called? The Constant Gardner. I love to grow beautiful flowers<br />
What is the most valuable contribution you bring to your<br />
company? Experience in many different areas.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? There are too many factors that need to fall in place<br />
to predict this; however we are better off in this downturn than<br />
the last downturn occupancy wise, May <strong>2011</strong>.<br />
How has the approach to your budget changed in the past<br />
3 years? We have to look to save every penny possible on<br />
expenses since incomes are not rising.<br />
What is the hardest business decision you’ve ever had to make?<br />
Personally, leaving one company to go to work for another.<br />
What is the fastest growing amenity in the industry today? This<br />
is not an amenity, but necessary, residents want everything that<br />
makes life easier; anything that we can do electronically is always<br />
accepted from electronic rental payments to service requests.<br />
What percentage up or down is your NOI? Currently it is down<br />
but it is heading up. Current projections show it increasing but<br />
will remain negative by year end.<br />
If money were not a factor, where would you retire? Vail and<br />
Captiva Island, FL<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I love to cook so it could be a variety of things, but I<br />
cook a great rack of lamb.<br />
NOV/DEC 2010 • TRENDS | 21<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
22 | TRENDS • NOV/DEC 2010<br />
Mike GOSlINE<br />
Metrex property group<br />
Vice President<br />
“A few” years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Don Werner bought his first property and I<br />
helped out a little.<br />
What is the decision process on how you choose your suppliers?<br />
Quality, Price, Relationship. They all weigh equally—the lowest<br />
price isn’t necessarily the best.<br />
What is the best career-related decision you ever made? To leave<br />
the corporate work and work for myself.<br />
What is the most valuable contribution you bring to your<br />
company? Broad range of knowledge and ability to work with<br />
almost anyone- residents included.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? May <strong>2011</strong>.<br />
How has the approach to your budget changed in the past 3<br />
years? We’ve always been very careful to watch the bottom line,<br />
but we’ve become even more diligent. We really think about<br />
every purchase and the most cost effective way or location to<br />
make each one.<br />
What is the hardest business decision you’ve ever had to make?<br />
To shed clients that don’t fit our company or program.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Employee discipline. I wish people would just do<br />
their jobs!<br />
If money were not a factor, where would you retire? There would<br />
probably be multiple locations<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? They would be free to order whatever they wanted<br />
off the menu of several great restaurants around town.<br />
Lori hANSON<br />
Carmel partners<br />
Senior Community Manager<br />
11 years in the industry<br />
Mobile device: Blackberry Curve<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I was a resident at a Carmel community<br />
and the community manager called me at home and said the<br />
company had an opening and she thought it was what I should<br />
be doing with my life! I don’t remember her name now, but she<br />
was responsible for getting me started in the industry.<br />
What is the decision process on how you choose your suppliers?<br />
Carmel has been around for a long time so we have a lot of<br />
long-term relationships with many of our suppliers. However, we<br />
are not opposed to trying a new supplier if we feel it could be a<br />
mutually beneficial relationship.<br />
What is the best career-related decision you ever made? Getting<br />
started in the apartment industry! Before starting in this industry<br />
my plan was to go into restaurant management.<br />
What movie title best describes your management style? For<br />
some reason “Adventures in Babysitting” comes to mind when I<br />
think of managing apartment communities!<br />
What is the most valuable contribution you bring to your<br />
company? I am very organized and I am a very hard worker.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? May <strong>2011</strong><br />
How has the approach to your budget changed in the past<br />
3 years? I have had to get a lot more creative. Plus, we are<br />
investing in more and more technology.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Terminating employees is never fun.<br />
If money were not a factor, where would you retire? Anywhere<br />
warm and tropical.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I would have my husband cook because he is a much<br />
better cook than I am.<br />
optiMistiC FUTURE<br />
When Asked When they think the <strong>Metro</strong> denver vACAnCy rAte WiLL drop BeLoW 5%, MAny<br />
responded thAt We’LL Be there By this tiMe next yeAr. (see pAge 47 for Q3 2010 stAts)<br />
nuMBer of responses<br />
15<br />
12<br />
9<br />
6<br />
3<br />
0<br />
Q4 2010 Q1 <strong>2011</strong> Q2 <strong>2011</strong> Q3 <strong>2011</strong> Q4 <strong>2011</strong> Q1 2012 Q2 2012 Q3 2012<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
tiM hERRIN<br />
Lincoln property Company<br />
Regional Property Manager<br />
over 20 years in the industry<br />
Mobile device: Lg Ally (35 Apps)<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? As a young, inexperienced but highly<br />
ambitious college student, I convinced an apartment developer<br />
to take a big chance and hire me to lease up and manage his<br />
new apartment community. When I finished my college career<br />
four years later, this developer graciously referred me to another<br />
developer who hired me on the spot to manage a large portfolio<br />
of multifamily, commercial and industrial properties located<br />
throughout Southern California.<br />
What is the decision process on how you choose your suppliers?<br />
While cost is certainly important, my first consideration is<br />
quality and consistency of services and/or products offered.<br />
Good references that validate these qualities and a solid ethical<br />
reputation are also critical.<br />
What is the best career-related decision you ever made?<br />
Starting my own property management and full-service real<br />
estate company in San Diego. It was an amazing 10-year run of<br />
professional development and entrepreneurial success until I<br />
sold the company in 2000.<br />
What high school stereotype were you (jock, band, nerd, etc)? I<br />
was a garage-band musician turned major nerd.<br />
What movie title best describes your management style? “The<br />
A-Team” seems to fit with my collaborative management style.<br />
If a reality show were made about your life, what would it be<br />
called? “The Life & Times of Tim”...after a few years of litigation<br />
with HBO over the title.<br />
What is the most valuable contribution you bring to your<br />
company? Extensive management experience coupled with<br />
great analytical skills and an ability to build and motivate highly<br />
effective management teams.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? January <strong>2011</strong>.<br />
How has the approach to your budget changed in the past 3<br />
years? My approach has remained relatively constant over this<br />
time with the goal of highly accurate but realistic budgets.<br />
What is the hardest business decision you’ve ever had to make?<br />
Selling my property management company.<br />
What is the fastest growing amenity in the industry today?<br />
Media lounges.<br />
What percentage up or down is your NOI? My average NOI is up<br />
5% year-over-year.<br />
If money were not a factor, where would you retire?<br />
New York City.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? A medley of exceptionally fresh seafood.<br />
Judy hOUChINS<br />
Legacy partners<br />
District Property Manager<br />
25 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Robert Half employment agency<br />
What is the decision process on how you choose your suppliers?<br />
Cost, scope and communication<br />
What is the best career-related decision you ever made?<br />
working on the development team<br />
What movie title best describes your management style?<br />
Die Hard<br />
If a reality show were made about your life, what would it be<br />
called? Survivor: <strong>Denver</strong><br />
What is the most valuable contribution you bring to your<br />
company? Experience and versatility<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? May <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? We went from pushing the limit to stop the bleeding<br />
What is the hardest business decision you’ve ever had to make?<br />
Don’t over commit<br />
What is the fastest growing amenity in the industry today? WiFi<br />
What percentage up or down is your NOI? 4% up<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Resident complaints<br />
If money were not a factor, where would you retire? A remote<br />
island in the Carribean<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Anything Italian<br />
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NOV/DEC 2010 • TRENDS | 23<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
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24 | TRENDS • NOV/DEC 2010<br />
pAt hUTChISON<br />
Legacy partners<br />
Vice President<br />
23 years in the industry<br />
Mobile device: Blackberry (20 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I initially embarked upon becoming a Real<br />
Estate Broker and was asked to help my mentor with some assets<br />
that were apartments and I liked it and changed career direction<br />
to Property Management<br />
What is the decision process on how you choose your suppliers?<br />
good service, good pricing and impeccable integrity.<br />
What is the best career-related decision you ever made? The<br />
decision to work for Legacy Partners<br />
What high school stereotype were you? Leadership GAA<br />
President, Ecology Club President and jock<br />
What movie title best describes your management style? Tough<br />
with high standards but fair.<br />
If a reality show were made about your life, what would it be<br />
called? OMG!!! The Life and Times of Hurricane Patricia<br />
What is the most valuable contribution you bring to your<br />
company? Team Building skills and promoting excellent<br />
customer service for our clients and residents.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? 2012<br />
How has the approach to your budget changed in the past 3<br />
years? We were budgeting to cash flow in the last 3 years verses<br />
focusing on building value.<br />
What is the hardest business decision you’ve ever had to make?<br />
Fired my best friend, because there was a performance issue that<br />
was brought to her attention several times and she did not take<br />
the counseling seriously.<br />
What is the fastest growing amenity in the industry today? Cyber<br />
cafes, social media sites, palliates/yoga/massage<br />
What percentage up or down is your NOI? increase<br />
approximately 1.6% increase in NOI from last year.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Helping organizing storage<br />
If money were not a factor, where would you retire? Italy or the<br />
wine country in Northern California.<br />
If entertaining important guests, what would you prepare/serve for<br />
dinner? Appetizers that include rich cheeses, Italian meats, Cesar<br />
salad and grilled steak or salmon and an amazing bottle of wine.<br />
shAron INGRAM<br />
simpson property group<br />
Senior Vice President, Intermountain Region<br />
27 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Way back in the summer of 1983 I needed a<br />
job that didn’t require me to work nights as I was attending college<br />
at night to complete my degree. A classmate got me an interview<br />
with her husband, who was a Regional Manager at US Shelter<br />
Corp, to manage a 100 unit All Adult community in Greenville,<br />
South Carolina. He hired me in the interview and the rest is history.<br />
What is the decision process on how you choose your suppliers?<br />
Depends on the type of product or service but referrals from<br />
other reputable management companies are weighed very<br />
heavily in the decision to enter into a new vendor partnership.<br />
What is the best career-related decision you ever made? Moving<br />
to <strong>Denver</strong> to work for Simpson Property Group<br />
What high school stereotype were you? Band Geek<br />
What movie title best describes your management style?<br />
The Good, the Bad and the Ugly<br />
If a reality show were made about your life, what would it be<br />
called? So Many Wineries, So Little Time<br />
What is the most valuable contribution you bring to your<br />
company? Leadership/mentoring<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? July <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? We use a much more calculated approach to budgeting<br />
income in conjunction with our pricing model, LRO.<br />
What is the hardest business decision you’ve ever had to make?<br />
Any time I have left a good company for what seems like a better<br />
opportunity somewhere else.<br />
What is the fastest growing amenity in the industry today? One<br />
of the most popular and in highest demand is fitness centers.<br />
What percentage up or down is your NOI? Even, income is up<br />
slightly and so are utilities and taxes.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? There aren’t any. I have a GREAT job!<br />
If money were not a factor, where would you retire? Napa Valley<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? My favorites; Grilled beef tenderloin or Italian cuisine<br />
paired with outstanding wines.<br />
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MAitri JOhNSON<br />
riverstone residential group<br />
Executive Vice President<br />
24 years in the industry<br />
Mobile device: Blackberry (26 Apps)<br />
Who is responsible for helping you break into the industry and how<br />
did it happen? Having just relocated from London, England, I was<br />
interviewing with several companies in different lines of business<br />
and happened to stop at an apartment community for directions.<br />
What is the decision process on how you choose your suppliers?<br />
Quality of product/service, its market position, value, and<br />
company philosophy.<br />
What high school stereotype were you? Cool!!<br />
What movie title best describes your management style? Great<br />
question. This will take some thought; real characters who have<br />
served to inspire. Ghandi is one of my favorites.<br />
If a reality show were made about your life, what would it be<br />
called? The Globe Trotter!<br />
If money were not a factor, where would you retire? The Mediterranean<br />
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deAnie kENNEDY<br />
ipM Colorado, LLC<br />
Manager/Owner<br />
25 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? I answered an ad for a Commercial<br />
Management Company. I loved being in the industry and knew<br />
I was doing what I loved. I was working for a company based out<br />
of LA and they closed the <strong>Denver</strong> office. I answered an ad and<br />
went to work for Corum Real Estate where I worked for 11 years.<br />
What is the decision process on how you choose your suppliers?<br />
I look for suppliers that are willing to work with small properties<br />
and they need to be a member of AAMD.<br />
What is the best career-related decision you ever made? I went<br />
to college and get my accounting degree and then my CPA<br />
designation. Along the way I also got my Brokers license.<br />
What high school stereotype were you? I didn’t have one, I was<br />
just one of the people that was there because I had to be.<br />
What social media sites do you use personally or professionally?<br />
I’m still getting to that...<br />
What movie title best describes your management style?<br />
In Good Company<br />
If a reality show were made about your life, what would it be<br />
called? Life in the Fast Lane<br />
What is the most valuable contribution you bring to your<br />
company? Experience and knowledge<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? 06/11<br />
How has the approach to your budget changed in the past 3<br />
years? I haven’t made any significant changes.<br />
What is the hardest business decision you’ve ever had to make? To<br />
leave a company I loved working for but I needed to move on in<br />
order to continue growing and moving up the corporate ladder.<br />
What is the fastest growing amenity in the industry today? In<br />
unit washers and dryers<br />
What percentage up or down is your NOI? Up 5%<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I love what I do so there isn’t anything<br />
If money were not a factor, where would you retire? I would split<br />
my time between Santa Barbara and <strong>Denver</strong> and spend a lot of<br />
time traveling.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Beef Tenderloin, and New York Cheesecake. I love to<br />
cook and could give you an entire menu but I will leave it at that.<br />
NOV/DEC 2010 • TRENDS | 25<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
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26 | TRENDS • NOV/DEC 2010<br />
kAri kERR, CpM<br />
dominium Management services, LLC<br />
Regional Manager<br />
Many years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and how did it happen? Karolyn<br />
Smith, marketing and training manager for Lincoln Property Company in Las Vegas. I went<br />
through an employment agency when I moved to Vegas, and interviewed with Karolyn.<br />
I was so impressed with her enthusiasm, professionalism and was excited by how fun<br />
the leasing job seemed to be. I quickly became the worst leasing agent at LPC, so they<br />
promoted me to assistant manager since I was a better “numbers person”.<br />
What is the decision process on how you choose your suppliers? There are so many<br />
terrific suppliers to choose from in this market area, that it is always tough. The first step<br />
is competitive bidding and pricing-related screening. Then talking to my team to find<br />
out their experiences with each, why they would prefer one over another; looking at<br />
their ease of ordering and delivery, web-based programs; and, how well the company<br />
and its local representatives have delivered on their promises. I am very loyal to my good<br />
vendors and suppliers.<br />
What is the best career-related decision you ever made? Achieving my Certified Property<br />
Manager, (CPM) designation. This allowed me to move up faster than I otherwise would<br />
have in the Las Vegas market and gave me the opportunity to travel and meet a lot of<br />
different property managers from other states and countries, grow as an officer in the<br />
organization and learn to present, give speeches, organize large groups… it was my<br />
Masters Degree in property management.<br />
What high school stereotype were you? Cowgirl. I had new Tony Lama’s every year, rode<br />
with people who sported gun racks in the back window of their truck, went to all the<br />
rodeos and knew how to two-step at an early age!<br />
What movie title best describes your management style?<br />
Toy Story. I like to think I am “Buzz Lightyear” – encouraging, helping people try new skills,<br />
cognizant of my own faults and fallibility and stepping beyond this to form teams and<br />
create better results than I/they would have alone. I also optimistically form alliances with<br />
people who might think I am a little “off” and want to push me out a window who usually<br />
end up as an ally.<br />
If a reality show were made about your life, what would it be called? Showing an <strong>Apartment</strong><br />
While Standing on a Cockroach<br />
What social media sites do you use personally or professionally? If my Facebook page were<br />
a fish it would be dead and dried up.<br />
What is the most valuable contribution you bring to your company? Persistence and<br />
determination, tempered by humor.<br />
How has the approach to your budget changed in the past 3 years? The tools and formats<br />
have changed, the approach has remained the same – collect your information, look at<br />
past trends, predict future increases, write what you think is realistic and then forward<br />
it to someone to take to a realm that doesn’t resemble the realism that you and your<br />
team worked so hard to achieve. Listen to some budget review comments concerning<br />
“sandbagging” and “pessimism”, consult the Crazy 8 ball and move forward.<br />
What is the hardest business decision you’ve ever had to make? All decisions that I<br />
needed to make were appropriate at the time and so didn’t seem difficult.<br />
What is the fastest growing amenity in the industry today? Customer service. This may<br />
not be listed on your brochure as interior - or exterior - amenities, and is the one “extra”<br />
that will make people choose to make their home at your community and stay there.<br />
What percentage up or down is your NOI? We are up 12%!<br />
If money were not a factor, where would you retire? Tuscany.<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
sCott kIRkwOOD<br />
Berkshire property Advisors<br />
District Manager<br />
28 years in the industry<br />
Mobile phone: Blackberry<br />
Who is responsible for helping you break into the industry and how did it happen?<br />
A gentleman named Max Castillo hired me to coordinate the renovation of HUD<br />
subsidized apartments in Northeast <strong>Denver</strong>. He saw that I had a van and said, “good, you<br />
have room to office out of your truck”.<br />
What is the decision process on how you choose your suppliers? 1st can they fulfill a need<br />
at the property? 2nd can they work well with the on site management team? 3rd are they<br />
members of the apartment association? 4th do they have competitive pricing?<br />
What is the best career-related decision you ever made? I decided to do what I enjoy and focus<br />
on apartment management. I have worked as a contractor and as a commercial property<br />
manager and realized that I get the most satisfaction from apartment management.<br />
What high school stereotype were you? I was an athlete in high school but my hair was<br />
pretty long by the time I graduated.<br />
What movie title best describes your management style? Mary Poppins, a spoon full of<br />
sugar helps the medicine go down.<br />
If a reality show were made about your life, what would it be called? The Amazing Race,<br />
facing new challenges and visiting exciting places with my race partner and wife Linda.<br />
What is the most valuable contribution you bring to your company? I truly want the<br />
best for every employee of the company and I work toward their success personally and<br />
professionally. I remain enthusiastic about my job after many years in the business.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop below 5%? Isn’t everyone<br />
at 95% occupancy right now? That’s what our market surveys indicate.<br />
How has the approach to your budget changed in the past 3 years? I went from a philosophy<br />
of it takes money to make money to we can name the tune in less than four (C) notes.<br />
What is the hardest business decision you’ve ever had to make? During times of change<br />
what is the best company to work for? It seems there is still plenty of luck and timing<br />
involved in the decision.<br />
What is the fastest growing amenity in the industry today? An interactive property<br />
web site. One where residents can go to write work orders, pay rent on line, and gather<br />
valuable time saving information at their leisure.<br />
What percentage up or down is your NOI? We are actually up around 13% YTD. Expense<br />
control has been critical to our success.<br />
What is your approval rating of President Obama? (scale from 1-10 with 10 being a<br />
high approval rating). In general I don’t support the liberal policies of President Obama<br />
however I do support the President of the United States. He has been able to pass<br />
legislation and remove the combat troupes from Iraq.<br />
What is one task/role/responsibility at work that you wish you didn’t have? I wish I didn’t<br />
have to call emotional angry residents.<br />
If money were not a factor, where would you retire? I would retire on a large working<br />
ranch (with a trout pond) right here in Colorado near family and friends.<br />
If entertaining important guests, what would you prepare/serve for dinner? It all<br />
depends on the preference of the guest. We have a vegan friend that challenges our<br />
culinary skills. We focus on a complimentary multiple course meal that includes a<br />
great wine. This year we had plenty of cucumbers from the garden so our friends had<br />
cucumber soup, cucumber salad, baked cucumbers… Always end with a seasonal<br />
desert that will be remembered like cucumber ice cream!<br />
NOV/DEC 2010 • TRENDS | 27<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
PP_<strong>Denver</strong>_No Iphone_7.5X4.75:Layout 1 1/28/10 1:54 PM Page 1<br />
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28 | TRENDS • NOV/DEC 2010<br />
shAron kRAFT<br />
Baron properties<br />
Senior Vice President<br />
22 years in the industry<br />
Mobile device: Blackberry tour (24 Apps)<br />
Who is responsible for helping you break into the industry and how<br />
did it happen? I was living at a property in Dallas and struck up a<br />
conversation with one of the leasing consultants when I paid rent.<br />
She introduced me to the Manager, a very amazing woman who<br />
had been in the business for many years, and was a progressive<br />
thinker. I guess they liked my personality-she offered me a part time<br />
job. I decided to accept the position to supplement my income, and<br />
the rest is history.<br />
What is the decision process on how you choose your suppliers?<br />
Reputation, customer service philosophy, and ability to negotiate<br />
price.<br />
What is the best career-related decision you ever made? The<br />
decision to move from OKC to <strong>Denver</strong> to assist with a major<br />
property renovation. It was a difficult decision at the time as I<br />
was newly married and my husband remained in OKC for several<br />
months after I moved to <strong>Denver</strong>.<br />
What high school stereotype were you? Athlete with brains.<br />
What movie title best describes your management style?<br />
Do the Right Thing.<br />
If a reality show were made about your life, what would it be called?<br />
Life is a Highway.<br />
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What is the most valuable contribution you bring to your company?<br />
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willing to listen and open to the proposed change.<br />
How has the approach to your budget changed in the past 3<br />
years? The change has primarily focused on the reduction of entry<br />
time and shorter overall review process. Entry is completed on<br />
designated days at a computer lab and Regional Managers are<br />
available during entry to answer specific questions. This method has<br />
improved not only focus but also initial submissions thus reducing<br />
review time and revisions. It is also exciting that this year we return<br />
to the concept of rent growth in combination with expense control.<br />
What is the fastest growing amenity in the industry today? I’m<br />
hearing about cyber café’s that include some version of a high tech<br />
game room. I also think the ability to conduct all business from<br />
a mobile phone may be considered an amenity today but in the<br />
future will be an expectation of our residents.<br />
What percentage up or down is your NOI? Up 2.7%.<br />
What is one task/role/responsibility at work that you wish you didn’t<br />
have? Following up on unemployment claims.<br />
If money were not a factor, where would you retire? Honestly, I<br />
really don’t know. I would travel the country in my Motorhome and<br />
then retire where it felt best-I’m sure it would in a location that my<br />
husband and I could continue to be involved with reining horses.<br />
The great thing about living in a Motorhome is you can change<br />
locations whenever you want a change of scenery!<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Anyone that knows me also knows I can’t cook, so this<br />
would be a recipe for disaster. I would probably buy the best steaks I<br />
could find and persuade my husband to save the day!<br />
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dAn lEvIN<br />
Capital real estate<br />
Managing Director<br />
21 years in the industry<br />
Mobile device: iphone (20 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Al Feld, a true genius’s in the development<br />
business. I was very fortunate to have learned business<br />
fundamentals from him. It happened in a smoky room, jazz<br />
music in the background, no wait that was something else…<br />
What is the decision process on how you choose your suppliers?<br />
As an asset manager, I am now more peripherally involved in this.<br />
However the fundamentals for choosing our vendors/partners<br />
has not changed. We look for companies with expertise,<br />
integrity, strong work ethic, ability to execute and most<br />
importantly - the ability to help us get better at what we do.<br />
What is the best career-related decision you ever made? To passup<br />
a lucrative offer to be a circus performer and go into real estate.<br />
If a reality show were made about your life, what would it be<br />
called? Are You Kidding Me? Yes I Am!<br />
What is the most valuable contribution you bring to your<br />
company? Insistent in making certain we utilize our best efforts<br />
to get the best information from which we can make the best<br />
decisions for our clients.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? April <strong>2011</strong><br />
How has the approach to your budget changed in the past 3 years?<br />
My approach hasn’t changed, it remains methodical and tedious!<br />
What is the fastest growing amenity in the industry today?<br />
Trampoline floors in the living rooms. This is going to be big!<br />
What percentage up or down is your NOI? You want me to<br />
disclose this? Here? Now? +7.5736% (Like I am going to believe<br />
what everyone else says!)<br />
What is one task/role/responsibility at work that you wish you didn’t<br />
have? Making certain that all of the copiers have paper in them.<br />
If money were not a factor, where would you retire? We hope to<br />
travel to interesting college towns and take interesting classes.<br />
JiM lORENzEN<br />
Cornerstone <strong>Apartment</strong> services, inc.<br />
President<br />
28 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I started with Marcus & Millichap as an<br />
apartment broker<br />
What is the best career-related decision you ever made? Owning<br />
apartment buildings in <strong>Denver</strong><br />
What movie title best describes your management style? Snow<br />
White and the Seven Dwarfs<br />
What is the most valuable contribution you bring to your<br />
company? Empowering my employees<br />
How has the approach to your budget changed in the past 3<br />
years? Greater focus on price<br />
What is the hardest business decision you’ve ever had to make?<br />
Starting my own company.<br />
What is the fastest growing amenity in the industry today?<br />
Building a meaningful connection with residents.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I’d call my wife.<br />
dennis MAlONE<br />
rocky Mountain Communities<br />
President Asset Management Division<br />
40 years in the industry<br />
Mobile device: Cell phone<br />
What is the decision process on how you choose your suppliers?<br />
Service, Reliability, Price<br />
What is the best career-related decision you ever made? I wish I<br />
had made it!<br />
What movie title best describes your management style?<br />
Dr. Strangelove: Or How I Learned to Stop Worrying and Love the Bomb.<br />
The only movie that makes you laugh at the End of the World!”<br />
What kind of mobile device to you have and how many apps do you<br />
have on it? I am lucky I can even use a cell phone.<br />
What is the most valuable contribution you bring to your<br />
company? Patience<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? As soon as everybody starts building again so we go<br />
right back up to 10% vacant.<br />
How has the approach to your budget changed in the past 3<br />
years? I drink a lot more before attempting to do one.<br />
What is your approval rating of President Obama? . I don’t think<br />
anyone in politics has any approval rating right now.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? SOS and a beer.<br />
NOV/DEC 2010 • TRENDS | 29<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
30 | TRENDS • NOV/DEC 2010<br />
www.aamdhq.org<br />
CArLeen MENDEz<br />
Carmel partners<br />
Regional Manager<br />
19 years in the industry<br />
Mobile device: iphone<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? A friend told me about an opening at<br />
Great West Management (now Simpson). My first interview<br />
was with Mary Wessler whom I was very impressed with her<br />
professionalism. I was extremely nervous but her domineer was<br />
kind and quickly made me feel at ease. I am very thankful to her<br />
for the opportunity, it’s been a great career choice for me.<br />
What is the decision process on how you choose your suppliers?<br />
Three key items, Price, Quality, and Customer Service.<br />
What is the best career-related decision you ever made? Getting<br />
into this industry. I was a pre-med student when I got pregnant<br />
with my first son and decided to take a break from school for a few<br />
years. I had every intention of going back to school and finishing<br />
Med School but I got into this industry and decided I had a<br />
passion for it. I did go back to get my degree but it was in Business<br />
Management. I really enjoy what I do!<br />
What high school stereotype were you? Jock. I was a cheerleader,<br />
gymnast, and track runner.<br />
What is the most valuable contribution you bring to your<br />
company? I help to complement a truly amazing team of<br />
individuals, Carmel is a professional company with a positive<br />
corporate culture.<br />
How has the approach to your budget changed in the past 3<br />
years? Before the past two years it was always expected to have<br />
noticeable revenue growth, the past two years the expectation has<br />
been to maintain revenue. The expectations to lower expenses<br />
has become more of a focus, this past year we really tried to use<br />
our “Purchase Power” when allowing bids.<br />
What percentage up or down is your NOI? Even in this difficult<br />
environment my team managed to achieve a 19% NOI year over<br />
year growth.<br />
If money were not a factor, where would you retire? Wherever<br />
my sons are.<br />
www.aamdhq.org<br />
sCott MORRIS<br />
Bre properties<br />
Facilities Manger<br />
13 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Robert Cron was my supervisor with Legacy<br />
partners and gave me the opportunity to move into my first<br />
maintenance supervisor position and the rest is history.<br />
What is the decision process on how you choose your suppliers? I<br />
choose suppliers based on their reputation in the industry and<br />
ties to the AAMD.<br />
What is the best career-related decision you ever made? The best<br />
career related decision that I ever made was to go to work with<br />
Alliance Residential. The opportunity that they granted me<br />
allowed my career and reputation in the industry to sky rocket.<br />
What high school stereotype were you (jock, band, nerd, etc)? I<br />
was a soccer playing jock skater in high school. Not a good kid<br />
What movie title best describes your management style? Dazed<br />
and confused, just kidding. I would say to sum my management<br />
style up in a move title I would have to choose 8 seconds<br />
because I want everything done now and if you make it the full<br />
ride your golden in my book.<br />
If a reality show were made about your life, what would it be<br />
called? To the Top.<br />
What is the most valuable contribution you bring to your<br />
company? My ability to train the associates and my no nonsense<br />
approach. What you see is what you get and I will not beat<br />
around the bush.<br />
How has the approach to your budget changed in the past 3 years?<br />
The standard percentage increase to match the rising cost has<br />
declined. Fun trying to spend less money on things that cost more.<br />
What is the hardest business decision you’ve ever had to make?<br />
The hardest decision that I have had to make was leaving my<br />
previous company to start with BRE. Sometimes you need to<br />
take a step back to see what weaknesses you really have so you<br />
can repair the damage and take over the world.<br />
What is the fastest growing amenity in the industry today? In<br />
my opinion the fastest growing amenity in the industry today<br />
would be cyber cafés. The old business centers are things of<br />
the past, our current residents want the room to lounge and<br />
the opportunity to chat with neighbors but prefer their own<br />
technology to that of the standard desktop computer. WIFI is the<br />
key to the future.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I wouldn’t say there are any tasks that I wish I didn’t<br />
have. I look at all my responsibilities as opportunities to either<br />
shine where others have failed or a challenge to teach myself<br />
and those around me.<br />
If money were not a factor, where would you retire? Money or not<br />
<strong>Denver</strong> is where I am from and where I belong.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? My beautiful wives famous chicken enchiladas. There<br />
are none better.<br />
NOV/DEC 2010 • TRENDS | 31<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
32 | TRENDS • NOV/DEC 2010<br />
LiLLiAn MUMFORD<br />
ConAm Colorado<br />
Regional Director of Marketing and Education<br />
7 years in the industry<br />
Mobile devices: palm pre & samsung rogue<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? A friend of mine. We received our Marketing<br />
degrees together. She was working on-site at the time and they<br />
had a position available. I did not like where I was working so I<br />
went for it and as they say the rest is history.<br />
What is the decision process on how you choose your suppliers?<br />
Usually it is price and customer service.<br />
What is the best career-related decision you ever made? Deciding<br />
to take the leasing position at the community I worked at. If I<br />
didn’t I wouldn’t be here. Of course there are others after that.<br />
What movie title best describes your management style?<br />
Gunnin’ For That #1 Spot<br />
If a reality show were made about your life, what would it be<br />
called? Have You Seen My Keys?<br />
What is the most valuable contribution you bring to your<br />
company? My ability to think outside of the box. My nickname is<br />
The Innovator.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? 2/12/2012…<br />
How has the approach to your budget changed in the past 3<br />
years? Keeping a tighter rein on everything.<br />
What is the hardest business decision you’ve ever had to make?<br />
Coming back to work after having my son.<br />
What is the fastest growing amenity in the industry today? I think<br />
that our customers are not so much interested in gimmicks<br />
and flashy items. How many residents out there actually take<br />
advantage of putting greens. I think they want things that are<br />
actually useful and they get something back in return. Whether it<br />
is an onsite personal trainer or a dog washing station, I think we<br />
need to look at it from our customers point of view not our own.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Filing<br />
If money were not a factor, where would you retire? I would like<br />
to be a nomad and travel the world…<br />
If entertaining important guests, what would you prepare/<br />
serve for dinner? I would think that if they were that important I<br />
would take them out to dinner. I would take them to one of the<br />
following… Mizuna, Fruition, Solera, Izakaya Den or Luca D’Italia.<br />
Jennifer NESSETT<br />
sares-regis group<br />
Regional Vice President<br />
14 years in the industry<br />
Mobile device: samsung Jack<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? My sister, she suggested I try leasing while<br />
attending college because it was a lot of fun and she thought I<br />
would do well.<br />
What is the decision process on how you choose your suppliers?<br />
Customer Service, Price,Value, Integrity, Support of AAMD<br />
What is the best career-related decision you ever made? To<br />
become active in the <strong>Apartment</strong> <strong>Association</strong> by the urging<br />
of Shannyn Wellington, Tosha Lane, Mary Wessler and Lynett<br />
Brockman (all over the course of time).<br />
What is the most valuable contribution you bring to your<br />
company? Dedication to the company and its core values.<br />
Striving to uphold our mission statement on a daily basis.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? August 2012<br />
How has the approach to your budget changed in the past 3 years?<br />
Enhance ancillary income sources and look for income growth while<br />
cutting expenses and asking “can you do without this?”<br />
What is the fastest growing amenity in the industry today?<br />
Technology - Wireless device communication for leasing and<br />
resident retention<br />
What percentage up or down is your NOI? Up 4.3% YTD<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Terminating employees, it’s a necessary evil.<br />
If money were not a factor, where would you retire? I would buy<br />
an island in the Caribbean.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Ceasar Salad (Pat’s recipe), Ribeye on the grill, sweet<br />
potatoes loaded with caramel and toasted marshmallows, a bold<br />
Cab and Guinness chocolate cake for dessert<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
peggy PANzER<br />
orion real estate services<br />
Regional Vice President<br />
28 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? Actually, no one. I was looking for an<br />
apartment & got recruited on the way to the model. In case you’re<br />
doing the math that would have made me about 7 years old.<br />
What is the decision process on how you choose your suppliers?<br />
Are they members of AAMD?, do they do good work and “make it<br />
right” when there’s a problem?, how does their pricing compare<br />
to others for the same job?<br />
What high school stereotype were you? I was a cheerleader and<br />
a bit of a jock.<br />
What is the most valuable contribution you bring to your<br />
company? Sense of commitment and how much I care.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? June 2012<br />
What is the hardest business decision you’ve ever had to make?<br />
I’m not sure about the hardest decision but the hardest task is<br />
terminating an employee. Even though it’s the right decision,<br />
the change is still impacting someone’s life in a big way.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Budgets<br />
If money were not a factor, where would you retire? Austin or,<br />
and I know this may sound odd, Little Rock Arkansas.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Ummm, yeah, I’d have to take them out for dinner.<br />
Mike PAPANTONAkIS<br />
ninA property investors, LLC<br />
Principal<br />
3 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and how<br />
did it happen? Donald Trump! I went through the Trump University<br />
to learn how to buy and manage income properties. It was excellent<br />
training by veterans in the business. It gave me the confidence and<br />
knowledge that I felt I needed to make the right decision.<br />
What is the decision process on how you choose your suppliers?<br />
Referrals and <strong>Association</strong> Members<br />
What is the best career-related decision you ever made? I think<br />
both buying my properties and changing my career to real estate<br />
sales. My previous career of 27 years was in the tile business and<br />
I made plenty of good and bad decisions in that industry. I was<br />
certainly successful and that business afforded me the ability to<br />
buy my properties. However, it became my entire life and retiring<br />
from that allowed me the opportunity to persue the passion that<br />
I’ve always had for real estate.<br />
What high school stereotype were you? Probably nerd. I wasn’t a<br />
jock and wasn’t in the band, either. In high school, I was only an<br />
average student but had lots of good friends in many different<br />
groups. Didn’t really fit or get stuck in any particular clique.<br />
What movie title best describes your management style? True Grit<br />
If a reality show were made about your life, what would it be<br />
called? All in the Family<br />
What is the most valuable contribution you bring to your<br />
company? ME! I’m the sole provider of sales, management,<br />
experience and hours.My wife and I are the only people in the<br />
company. She’s a valuable contribution as well.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? I think we’ll see that in Q2 of <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? I’ve started to budget for updating my units. I’ve also paid<br />
more attention to reducing expenses through conservation and<br />
better maintenance.<br />
What is the hardest business decision you’ve ever had to make?<br />
Retiring from the tile business.<br />
What is the fastest growing amenity in the industry today? I<br />
couldn’t tell you. We don’t have many of those in the IROC world.<br />
What percentage up or down is your NOI? It’s up about 10%<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I hate filing and maintaining files. I know how to do<br />
it all but just don’t like it.<br />
If money were not a factor, where would you retire? Right here in<br />
Colorado. Maybe move up to Steamboat Springs.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I think I would serve them Filet Mignon with Bernaise<br />
and grilled Salmon. My Greek salad along with creamed spinach<br />
and mashed cheesy potatoes. Don’t forget the wine!<br />
gone MOBIlE<br />
the BreAkdoWn of MoBiLe phone use<br />
sAMsung<br />
18%<br />
droid 8%<br />
3%<br />
other<br />
BLACkBerry<br />
40%<br />
iphone<br />
31%<br />
NOV/DEC 2010 • TRENDS | 33<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
34 | TRENDS • NOV/DEC 2010<br />
pArke PETTEGREw<br />
Carmel partners<br />
VP of National Training & Compliance<br />
13 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Holly Granger-Buss, she is now the VP of<br />
Marketing and Training at ConAm. She gave me my first job<br />
in property management as a Training Manager for Southern<br />
California with Archstone.<br />
What is the decision process on how you choose your suppliers?<br />
We look at industry support (AAMD members), pricing,<br />
references, insurance, tax ID, compliance, strong relationships.<br />
What is the best career-related decision you ever made? Taking the<br />
job with Carmel, I have been provided the chance to work with a<br />
great group of associates, grow my career and be part of a company<br />
who is looking to increase our presence around the country.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
I was not associated with one group- I had friends in each<br />
stereotype and tried not to be too into any one of them. I worked<br />
a lot in high school so didn’t do too much around school.<br />
What movie title best describes your management style?<br />
Braveheart- (inspire the troops)<br />
Distinctive Construction Services<br />
If a reality show were made about your life, what would it be<br />
called? The Brady Bunch 2010<br />
What is the most valuable contribution you bring to your<br />
company? Ability to work with all levels within the organization<br />
and improve performance.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? April <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? Stick to due dates, simplify as much as you can, make it as<br />
automated as possible and it is a much quicker process than it<br />
used to be.<br />
What is the hardest business decision you’ve ever had to make?<br />
To let someone go that I had worked with for 8 years.<br />
What is the fastest growing amenity in the industry today?<br />
Going wireless<br />
What percentage up or down is your NOI? Let’s just say it’s up a<br />
bit thanks to our amazing teams performing on site.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Completing and approving expenses<br />
If money were not a factor, where would you retire? Italy<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Plank grilled fresh salmon, buffalo prime rib, grilled<br />
asparagus, tomato/mozzarella salad, garlic bread and limoncello<br />
gelato cake for desert with a nice pinot noir.<br />
“It seems you wrote the book on ‘how to do it right’excellent<br />
customer service & communication skills”<br />
- Shirley, rehab client<br />
Services Provided<br />
Complete interior and exterior construction services<br />
from apartment rehabs to stair tread replacement<br />
Why Choose Stonebridge Builders?<br />
• More than 90% of our business is referral-based<br />
• Our projects are delivered on time and within budget<br />
• Our full apartment rehabs are consistently turned in<br />
less than 12 days, maximizing lease rates<br />
• We are EPA lead-certified<br />
• We staff a project manager on every project<br />
• We work extensively with designers & architects<br />
Tel: 303-425-9999 | twitter.com/stonebridgebldr<br />
www.stonebridgebuilders.net | email: info@stonebridgebuilders.net<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
drAke POwEll<br />
echelon property group<br />
Principal<br />
19 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? My dad was the president of a company<br />
that was owned by Sam Zell. He pulled some strings to get me<br />
my first job out of college working for Zell’s company in Chicago,<br />
Equity Group Investments. Part of this company was later spun<br />
off as Equity Residential.<br />
What is the decision process on how you choose your suppliers?<br />
We manage assets with the long term in mind, so we want great<br />
pricing but also quality materials and good workmanship. We<br />
have been around a long time so establishing good relationships<br />
with a win-win mentality is the best way for us to ensure achieve<br />
the best value- price + quality.<br />
What is the best career-related decision you ever made? Starting<br />
Echelon Property Group this year with my partner Bryan Stern<br />
and long time colleagues Meredith Wright and Joe Saunders.<br />
What high school stereotype were you (jock, band, nerd, etc)? I<br />
was an athlete, “played” in Motley Crue air bands, and wore ties<br />
most days to class so I guess you could say all the above.<br />
What movie title best describes your management style?<br />
Inglorious Basterds<br />
If a reality show were made about your life, what would it be<br />
called? The Straight & Narrow<br />
What is the most valuable contribution you bring to your<br />
company? I like to think I live by the golden rule and so we have<br />
a culture that is based on integrity, respect and hard work.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? 2Q <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? We have always developed zero-based budgets, where<br />
we start from zero and explain why we need things versus the<br />
other way around. We have become more conservative on<br />
income but the strong results of the last couple quarters may<br />
test that…<br />
What is the hardest business decision you’ve ever had to make?<br />
Layoffs several years ago<br />
What is the fastest growing amenity in the industry today? Wi-Fi<br />
What percentage up or down is your NOI? Varies but all are up<br />
and range from 3-40%<br />
What is your approval rating of President Obama? Haven’t we all<br />
decided he is not the great hope we thought he was going to be<br />
in 2008?<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Answering surveys for the AAMD<br />
If money were not a factor, where would you retire?<br />
Crested Butte<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? If I were entertaining important guests, I would have<br />
my wife cook, as she is a great cook and I am not.<br />
BrAndon RICh<br />
greystar real estate partners<br />
Managing Director<br />
19 years in the industry<br />
Mobile device: iphone (20 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Erwin Chan hired me as a leasing consultant<br />
when I was attending college in Tempe, AZ<br />
What is the decision process on how you choose your suppliers?<br />
Service, Price, AAMD member<br />
What is the best career-related decision you ever made? Starting<br />
a management company<br />
What movie title best describes your management style? Fast<br />
Times at Ridgemont High<br />
If a reality show were made about your life, what would it be<br />
called? Where’s the Rent?<br />
What is the most valuable contribution you bring to your<br />
company? New Business Development<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? December 2010<br />
How has the approach to your budget changed in the past 3<br />
years? Better expense control<br />
What is the fastest growing amenity in the industry today?<br />
Wireless Access/ smartphone apps<br />
What percentage up or down is your NOI? 8% up<br />
If money were not a factor, where would you retire? Hawaii/<br />
Cabo/ Aspen/ St. Johns<br />
MEMBERS<br />
USE<br />
MEMBERS<br />
FIND A SUPPLIER TODAY<br />
WWW.AAMDHQ.ORG<br />
IT’S “F.A.S.T.”<br />
NOV/DEC 2010 • TRENDS | 35<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
36 | TRENDS • NOV/DEC 2010<br />
Jen ROUTON<br />
echelon property group<br />
Regional Property Manager<br />
13 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? Renae Jones hired me as a Leasing<br />
Consultant at Quail Ridge <strong>Apartment</strong>s when I was 20 years old!<br />
What is the best career-related decision you ever made? To work<br />
for great leaders who inspire me and lead by example.<br />
What high school stereotype were you? I hung out with the<br />
other future property managers. We were really cool.<br />
What movie title best describes your management style?<br />
Clear and Present Danger. Not really.<br />
What is the most valuable contribution you bring to your<br />
company? Hopefully they would agree it is my commitment to<br />
excellence, dedication, and positive attitude.<br />
How has the approach to your budget changed in the past 3<br />
years? If we don’t “need” it, we probably won’t be getting it!<br />
Strict adherence and very careful monitoring of expenses. Grass<br />
roots marketing. Remove all the “fluff.”<br />
If money were not a factor, where would you retire? Tahiti!<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I’d have to call my mom for help... or Kelli Billman for<br />
recipes... I would have great wine though!<br />
Liz SChlOSS<br />
embrey partners<br />
Regional Manager<br />
13 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Myself really. I needed a job and wanted to<br />
get into something with sales so I applied for a leasing position.<br />
What is the decision process on how you choose your suppliers?<br />
Quality, price and reputation in the area are contributing factors.<br />
What is the best career-related decision you ever made?<br />
Broadening my experience in retail leasing with the asset as well<br />
as overseeing a multi-function community with a spa, café and<br />
retail of it’s own.<br />
If a reality show were made about your life, what would it be<br />
called? Moving Mountains<br />
What is the most valuable contribution you bring to your<br />
company? Leadership, Knowledge of the business, compassion<br />
for the people.<br />
How has the approach to your budget changed in the past 3<br />
years? We have increased rents and pulled back on concessions.<br />
What is the hardest business decision you’ve ever had to make?<br />
To leave a project I was highly involved with since the initial<br />
creation. GRIGIO Tempe Town Lake, the NAA Community of the<br />
Year in 2008.<br />
www.aamdhq.org<br />
What is the fastest growing amenity in the industry today? Social<br />
Networking Areas (Café Bars).<br />
What percentage up or down is your NOI? Anywhere from 5%-<br />
10% Lease ups and Stabilized<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? To talk the Banks into needing money to support<br />
high end assets with rents as high as $6000. Very difficult with<br />
rental income so high.<br />
If money were not a factor, where would you retire? Somewhere<br />
on the beach.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I would have my husband cook fish or steak with<br />
an amazing salad, and red potatoes. Red and White wine to<br />
compliment the choice of dinner. Dessert would be an option of<br />
espresso and cheesecake truffles.<br />
www.aamdhq.org<br />
Cherie ShAw<br />
greystar real estate partners<br />
Director of Real Estate<br />
over 20 years in the industry<br />
Mobile device: iphone<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I lived at a property in Texas and could not<br />
afford to pay my rent. The Manager told me I could work on<br />
the weekends by cleaning the grounds and lease apartments. I<br />
did that for about 1 week and was then promoted to Leasing<br />
Consultant. I made great money and got a FREE apartment!!<br />
What is the decision process on how you choose your suppliers?<br />
At Greystar, we like to create relationships with suppliers that will<br />
be in our system for the long haul. We believe our relationship<br />
with our suppliers is about being loyal to them because they do<br />
a lot for Greystar.<br />
What is the best career-related decision you ever made? I love<br />
when I have made a good hiring decision and the person whom I<br />
hired is successful. When they grow within the Greystar Family, it<br />
is always so rewarding to see!<br />
What high school stereotype were you? Jock. I loved every sport<br />
and was very competitive.<br />
What movie title best describes your management style?<br />
The Hangover<br />
What kind of phone / smartphone / device to you use?<br />
Considering my Blackberry broke today, I will now purchase the<br />
iPhone, only because Rex Gambrell looks so cool with his.<br />
What is the most valuable contribution you bring to your<br />
company? I try to have fun at work and be a great role model for<br />
our team members. It is very hard to be a working professional<br />
in addition to a good mother and wife. It’s about creating<br />
balance and allowing people who you work with recognize life<br />
isn’t all about work. We are meant to have fun!<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? We should ask the Yield Star experts.<br />
How has the approach to your budget changed in the past 3<br />
years? Everything has changed with our budget process. We no<br />
longer use a simple Excel spreadsheet, we have programs that<br />
assist with the re-forecasting and go through each line item with<br />
the Asset Manager’s.<br />
What is the hardest business decision you’ve ever had to make?<br />
Anything related to personnel<br />
What is the fastest growing amenity in the industry today?<br />
Anything related to Pet Income<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I have the challenging task of keeping our corporate<br />
office “fueled” during the day. That means I am the “refreshment<br />
lady”. I get the glorious job of going to Costco on the weekends.<br />
If money were not a factor, where would you retire? Greece<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Macaroni and Cheese from Velvetta!<br />
pAtriCiA STANFORTh, CpM<br />
griffis Blessing, inc.<br />
Senior Vice President<br />
over 30 years in the industry<br />
Mobile device: Blackberry (10 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Quite by accident...free rent in exchange<br />
for managing 18 units in Hawaii while my husband was in the<br />
service.<br />
What is the decision process on how you choose your suppliers?<br />
Product quality or service, then price.<br />
What is the best career-related decision you ever made?<br />
Obtaining my CPM (Certified Property Manager) from IREM.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Social butterfly, funny<br />
What is the most valuable contribution you bring to your<br />
company? Experience.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? Should be there already on most sites.<br />
How has the approach to your budget changed in the past 3<br />
years? Much tighter on expenses<br />
What is the hardest business decision you’ve ever had to make?<br />
Anytime you have to terminate someone who is trying hard but<br />
just not a good fit.<br />
What is the fastest growing amenity in the industry today? WiFi<br />
What percentage up or down is your NOI? 3%-4% up at most sites.<br />
NOV/DEC 2010 • TRENDS | 37<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
38 | TRENDS • NOV/DEC 2010<br />
BryAn STERN<br />
echelon property group<br />
Principal<br />
14 years in the industry<br />
Mobile device: Blackberry Bold (20 Apps)<br />
What is the best career-related decision you ever made? To<br />
start my own business. The risks and rewards of owning your<br />
own business is very motivating. I enjoy the freedom to pursue<br />
business opportunities and building a team of individuals I enjoy<br />
working with.<br />
What high school stereotype were you (jock, band, nerd, etc)?I<br />
played hockey in high school but I did not consider myself a jock.<br />
If a reality show were made about your life, what would it be<br />
called? Survivor: Real Estate Entrepreneur<br />
What is the most valuable contribution you bring to your<br />
company? Leadership, Experience, and Relationships<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? Second Quarter <strong>2011</strong><br />
How has the approach to your budget changed in the past 3 years?<br />
We continue to focus and expense reductions and efficiencies.<br />
What percentage up or down is your NOI? Up 3% to 10%<br />
What is your approval rating of President Obama? President<br />
Obama was correct to approve a massive stimulus package,<br />
however the spending had limited short term benefit because<br />
it mostly benefited government and union jobs. Forcing<br />
Healthcare reform down our throat without controlling cost will<br />
cost our country dearly in the long term.<br />
If money were not a factor, where would you retire? I would<br />
have a home in Carribean with a sail boat and a home Telluride<br />
with a helicopter for skiing.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I am not a very good cook and would therefore opt<br />
for Del Friscos instead.<br />
roCky SUNDlING<br />
Camden property trust<br />
District Manager Colorado<br />
20 years in the industry<br />
Mobile device: Blackberry Curve<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Peter Kudla and my Ex-Wife. I know, sounds<br />
like the start to a bad bar joke. My ex-wife knew Peter through a<br />
mutual acquaintance. I was in the restaurant/hospitality industry<br />
at the time and Peter owned a couple of restaurants in addition<br />
to a boutique fee management company. I interviewed for the<br />
restaurant job, decided the hours were too brutal and asked<br />
about property management. Peter made me spend 3 months<br />
reading books and interviewing with leaders in the industry.<br />
He then proceeded to put me on a lovely, quaint 450 unit<br />
receivership property in Montbello where I learned REAL property<br />
management and how to be held up without getting shot.<br />
What is the decision process on how you choose your suppliers?<br />
Eenie meenie minie moe, catch a supplier by the toe, if he<br />
hollers make him pay, a Compliance Depot fee today. Price is<br />
vital, but service rules. Just like golf, price for show, service for<br />
dough. Even in the penny pinching world today, world class,<br />
genuflecting service gets more contracts and saves more money<br />
than loss leader pricing schemes ever dreamed of.<br />
www.aamdhq.org<br />
What is the best career-related decision you ever made? Staying<br />
in <strong>Denver</strong> and not grabbing the brass ring of a big time SVP job.<br />
That job no longer exists and the <strong>Denver</strong> apartment market,<br />
while maybe not 2000 like, is at least the tallest of the 7 drawfs.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
I played football, played in the jazz band, had a 3.8 GPA, hung<br />
out with the “Weed Heads” (did not inhale of course), performed<br />
perfect keg stands weekly and worked 20+ hours per week.<br />
What movie title best describes your management style? Often it<br />
would be Wizard of Oz, but occasionally Dumb and Dumber.<br />
What is the most valuable contribution you bring to your<br />
company? I believe my most important job is to serve as kind<br />
of a pulling right guard for the site staffs – I am very good at<br />
blocking and running interference for the ball carriers that are<br />
the great staffs of the properties. There is so much red tape,<br />
politics, regulation, self inflicted brain damage, and other<br />
obsticals in the world today that its easy to forget our job is to<br />
serve residents maximize cash flow and NOI for owners. I help<br />
cut down the noise and focus the staffs on those two customers.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? God willin’ and the creek don’t rise, April <strong>2011</strong> With<br />
no tax reform and continued drunken sailor spending at all levels<br />
of government resulting in Double Dip II, 2030<br />
How has the approach to your budget changed in the past 3<br />
years? It hasn’t changed. They still call me “Sandbag Sundling”<br />
for a reason. But seriously, the biggest challenge remains being<br />
cautiously optimistic so that numbers can be hit – but only by<br />
stretching. I think budgets work best when they take you out of<br />
your comfort zone, but still be achievable<br />
What is the fastest growing amenity in the industry today? I don’t<br />
know about fastest growing, but most consistently used would<br />
still have to be fitness centers, despite the fact that nobody<br />
wants third floor units anymore. Conceirge package services<br />
may be the next big thing…<br />
What percentage up or down is your NOI? NOI is up 7% - 9%<br />
over 2009, but a blind monkey could get those results. The<br />
true test will be whether growth in revenue can offset certain<br />
expense increases in a meaningful way in <strong>2011</strong> while we<br />
continue to struggle to obtain job growth and household<br />
formation, the Mothers Milk of multifamily profitability.<br />
What is your approval rating of President Obama? Reagan once<br />
asked, “are you better off now than 4 years ago?” My question<br />
to Mr. Obama is, “are my kids going to be the first generation<br />
in American history to be worse off than their parents?” Unless<br />
things change quickly and dramatically, my answer will be yes.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? SOX compliance. What a waste of time and money.<br />
I think I could single handedly end the recession by restoring<br />
productivity robbed by SOX crap. The socks on my feet don’t<br />
stink as bad as these SOX requirements.<br />
If money were not a factor, where would you retire? If money<br />
were not a factor, I would not pick one place! A house on a<br />
beach, a cabin in the mountains, a condo downtown, a<br />
castle in Italy (next to Clooney’s), a hotel room in a casino, all<br />
would be mine! And I would have me an office, gold records on<br />
the wall, and I’d have accountants pay for it all…<br />
www.aamdhq.org<br />
kAthy vANCE<br />
equity residential<br />
Organization & Talent Development Director<br />
29 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry<br />
and how did it happen? I got in the old fashioned way. I<br />
went looking for an apartment to rent. I was pregnant and<br />
my husband was a student at the nearby school. The current<br />
manager had a small child and her husband was about to<br />
graduate from another nearby school. She asked me what I was<br />
going to do when the baby was born. She said she would be<br />
leaving soon and they liked to have moms with small children<br />
and student husbands manager their properties. They thought<br />
the small children would make the mom want to stay at home<br />
to work and that the student husbands would provide lots of<br />
referrals. Not sure anyone could hire based on that criteria now!<br />
What is the best career-related decision you ever made? Moving<br />
from CO to Phoenix in 1991 to become a Regional Manager -<br />
followed by moving back to <strong>Denver</strong> 3 years later because we<br />
missed <strong>Denver</strong>!<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Jockette? and honor student - can you be both a jock and a nerd?<br />
What movie title best describes your management style? Wizard<br />
of OZ! Trying to help people find what’s within them already.<br />
If a reality show were made about your life, what would it be<br />
called? The real OTD Director of Seattle. (not a reality show fan -<br />
suggested by a guy on my team!<br />
How has the approach to your budget changed in the past<br />
3 years? Budgeting for operating expenses is more of a<br />
comparison to past years and adjustments based on trends.<br />
The budgets are primarily compiled by our Financial Services<br />
Managers. Regional Managers and VPs give input on capital<br />
needs and possible anomalies to historical trends for both<br />
income and expenses.<br />
What is the fastest growing amenity in the industry today?<br />
Concierge Services - Urban living is on the rise. Urban dwellers<br />
want service, someone to help with the things they can’t do<br />
while at work or busy in other parts of their life.<br />
What is your approval rating of President Obama? I may be in<br />
the minority, but when I consider what he inherited as far as the<br />
mess we were in, I think he’s doing very well. I think we tend<br />
to be shortsighted and Obama gets blamed for the current<br />
conditions. While recovery may not be as quick as we all wanted,<br />
the downward spiral started by the previous administration had<br />
not hit bottom by the time they exited. Climbing out of the deep<br />
hole is a slow and arduous process that requires more working<br />
together than we are seeing.<br />
If money were not a factor, where would you retire? Hawaii<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Reservations! Or at least maybe a caterer. Not much<br />
of a cook. And when I say “not much” I mean NOT!<br />
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WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
40 | TRENDS • NOV/DEC 2010<br />
don wERNER<br />
Metrex property group, inc<br />
President<br />
16 years in the industry<br />
Mobile device: Blackberry<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I purchased a 6 unit deal in Cap Hill and<br />
self managed the property doing all maintenance, leasing and<br />
marketing myself.<br />
What is the decision process on how you choose your suppliers?<br />
Price, attention to detail and prompt service all weigh together. I<br />
look for long term partners, not the lowest price for the day.<br />
What is the best career-related decision you ever made? Leaving<br />
the corporate world and doing my own thing.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? It is 5.3 now, we could definitely hit below 5% this year.<br />
January 1, <strong>2011</strong><br />
How has the approach to your budget changed in the past<br />
3 years? We have focused on the bottom line, cutting costs,<br />
eliminating wasteful and costly services and activities. We have<br />
consistently taken care of our valuable employees, leading the<br />
industry in pay and incentive adjustments. We continue to work<br />
the occupancy and rent model to insure maximum revenue.<br />
What is the hardest business decision you’ve ever had to make?<br />
Letting go of people that have been with me for years, but do not<br />
fit our current business model.<br />
What is the fastest growing amenity in the industry today? In<br />
our segment, there are not a lot of amenities. Our demographic<br />
appreciates being respected, and their needs attended to. They<br />
are looking for a nice, clean and comfortable home. That is what<br />
we provide.<br />
What percentage up or down is your NOI? Not going to discuss<br />
percentages, but we make significant improvements in a owners<br />
NOI when we manage for them.<br />
What is your approval rating of President Obama? Can I go to a<br />
negative number?<br />
What is one task/role/responsibility at work that you wish you didn’t<br />
have? Drama, while I am not in charge of or responsible for, Drama<br />
created by residents, vendors, and employees is a drain to life.<br />
If money were not a factor, where would you retire? I have been<br />
considering this carefully for a while. I am not sure any one place<br />
fits my needs, I do plan to travel and visit a number of places, Italy,<br />
Western Europe, obviously any place with a beech and warm sun<br />
in the winter is a plus and then our beautiful state in the summer.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? Reservations at either Piatti, Del Frisco, Il Posto would<br />
work just fine.<br />
MAry wESSlER<br />
ConAm Colorado, inc.<br />
Regional Vice President<br />
26 years in the industry<br />
Mobile device: droid<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? It happened by mistake more or less. I could<br />
not find a job after graduating from college. I had moved to<br />
Phoenix and needed to pay the bills (imagine that!) I kept seeing<br />
ads for a leasing consultant and thought that I could do this until<br />
I find a real job. Well here it is 26 years later – and I still haven’t<br />
found a “real job”!<br />
What is the decision process on how you choose your suppliers?<br />
First of all we like to use <strong>Apartment</strong> <strong>Association</strong> Members. We<br />
also choose suppliers based on service and price. Many times,<br />
we choose several different suppliers and then allow our onsite<br />
teams to choose depending on the type of supplier.<br />
What high school stereotype were you (jock, band, nerd, etc)?<br />
Believe it or not, I was a good student, but a bit on the wild side<br />
since I had attended strict Catholic schools all my life.<br />
What movie title best describes your management style? Jerry<br />
Maguire - I can relate to the fact that he has a moral epiphany<br />
and ends up changing his job because of this. He possesses<br />
immense enthusiasm for his profession and risks everything to<br />
maintain the principle that he owes his loyalty to his client.<br />
What is the most valuable contribution you bring to your<br />
company? Longevity in the Colorado market and enthusiasm for<br />
the industry.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? August <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? Obviously, we are a little more aggressive when it comes<br />
to budgeting increases in income and NOI as well as finding new<br />
and creative ways to decrease expenses.<br />
What is the hardest business decision you’ve ever had to make?<br />
To leave a company that I had worked at for a number of years<br />
and people that were like family to pursue another opportunity<br />
so that I could advance my career.<br />
What is the fastest growing amenity in the industry today?<br />
Anything that creates a custom single family home environment<br />
for the resident.<br />
What percentage up or down is your NOI? Depends on the<br />
property and location – ranging from a positive 2% to 5%.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Staff Discipline.<br />
If money were not a factor, where would you retire? I have not<br />
thought that far in advance, although it would have to be several<br />
locations that include beautiful beachfront property that I could<br />
walk on every morning and collect shells, as well as a home<br />
base to enjoy all the four seasons as well as the ability to travel<br />
extensively when I choose to do so.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? I would not prepare dinner – I would pay someone<br />
else to prepare/serve dinner!<br />
www.aamdhq.org<br />
www.aamdhq.org<br />
JiM whITE<br />
elkco properties<br />
Regional Manager / Risk Manager<br />
26 years in the industry<br />
Mobile device: samsung intrepid (51 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? Jim Jeltema at Grand Hotel in Michigan. I<br />
was hired as the Security Director. I was not told until my first<br />
day that I was also responsible for employee rental housing. We<br />
actually rented rooms above an active horse barn.<br />
What is the decision process on how you choose your suppliers?<br />
The best bang for our buck<br />
What is the best career-related decision you ever made?<br />
Founding AMBER <strong>Apartment</strong> Alerts<br />
What high school stereotype were you? Just a guy who played<br />
some sports and was involved is many social outreach programs.<br />
(yes, even then).<br />
What movie title best describes your management style?<br />
Glory .(I have stepped on some toes)<br />
If a reality show were made about your life, what would it be<br />
called? Fortunate One<br />
What is the most valuable contribution you bring to your<br />
company? Compassion<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? October <strong>2011</strong><br />
How has the approach to your budget changed in the past 3<br />
years? Much more trending used than before.<br />
What is the hardest business decision you’ve ever had to make?<br />
Firing my wife to be.<br />
SUPPlIER OF ThE MONTh<br />
- noveMBer 2010<br />
(#2) (Although if I had<br />
read the writing on the<br />
wall then, I’d have only<br />
been married twice<br />
and not three times)<br />
What is the fastest<br />
growing amenity<br />
in the industry<br />
today? Wi-Fi in older<br />
properties<br />
What percentage up<br />
or down is your NOI?<br />
Average is up XX%<br />
What is one task/role/<br />
responsibility at work<br />
that you wish you<br />
didn’t have? Being<br />
the enforcer<br />
If money were not a<br />
factor, where would<br />
you retire? Ireland<br />
nAtALie wIlSON<br />
riverstone residential group<br />
Regional Property Manager<br />
29 years in the industry<br />
Who is responsible for helping you break into the industry and how<br />
did it happen? Chris Martin was the property manager of a small<br />
152 unit property in Baton Rouge, LA. and was looking for a part<br />
time assistant manager. I had just moved to Baton Rouge from<br />
Houston and was looking for a job. I was intrigued with the thought<br />
of working at an apartment community. She gave me a chance and<br />
here I am 29 years later wondering where the years have gone.<br />
What is the decision process on how you choose your suppliers? I<br />
utilize reputation in the market, price and availability to respond<br />
to issues if they arise.<br />
What is the best career-related decision you ever made? I was at<br />
a cross roads in 200I was offered a position with Adams County<br />
Housing Authority and talking to Stephanie Brock with Trammell<br />
Crow at the same time. I accepted the position with Trammell<br />
Crow and am very happy that I did so. I now work for one of the<br />
most successful 3rd party management companies in the United<br />
States as a result of my decision 7 years ago.<br />
What movie title best describes your management style?<br />
Anger Management (just kidding).<br />
If a reality show were made about your life, what would it be<br />
called? Dazed and Confused<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? My guess is <strong>2011</strong>- my crystal ball wouldn’t reveal<br />
what month.<br />
How has the approach to your budget changed in the past 3<br />
years? Owners are not willing to see any increase in expenses<br />
at this time regardless of the situation. We pretty much budget<br />
expenses based on actuals from the prior year.<br />
What is the hardest business decision you’ve ever had to make? I<br />
was newly divorced and wanted to leave Houston. NHP offered<br />
to transfer me to either Jacksonville Florida or <strong>Denver</strong> Colorado.<br />
I really struggled with which state I wanted to live in and which<br />
boss I wanted to work for. I finally made my decision based on<br />
the fact that I was born in Colorado Springs and truly liked the<br />
supervisor for Colorado. I have never regretted my decision.<br />
What is the fastest growing amenity in the industry today? This is<br />
going to sound strange but I feel that it is a sense of community.<br />
I realize sense of community is not an amenity but residents love<br />
to feel like they belong. Additionally residents love convenience<br />
so we have been successful at getting local businesses to come<br />
to the communities and sell pizza’s etc on special nights of the<br />
week. This has been a huge success.<br />
What percentage up or down is your NOI? NOI is up 3.2%<br />
What is your approval rating of President Obama? If I managed<br />
my properties the same way that Obama manages the US<br />
budget my owners would be broke and I would not have a job...<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? Terminating people. This is the single most life<br />
altering event that can occur to a person. I do not take this<br />
responsibility lightly.<br />
If money were not a factor, where would you retire? Alaska, I love<br />
the weather shifts, the forests and the lakes.<br />
NOV/DEC 2010 • TRENDS | 41<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong><br />
42 | TRENDS • NOV/DEC 2010<br />
MArk wINDhAGER<br />
redpeak properties<br />
COO<br />
over 20 years in the industry<br />
Mobile device: iphone<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? I worked for a apartment developer while<br />
going to college. I started out by doing the books for one of the<br />
properties and it grew from there.<br />
What is the decision process on how you choose your suppliers?<br />
RedPeak is extremely loyal to its key suppliers and vendors<br />
that approach business from an ethical and customer service<br />
focus. Yes, they are always competitively priced, but it is not the<br />
overriding factor.<br />
What is the best career-related decision you ever made? Getting<br />
out of Las Vegas and moving back to <strong>Denver</strong>.<br />
What movie title best describes your management style?<br />
Saving Private Ryan – except I don’t want to die at the end!<br />
What is the most valuable contribution you bring to your<br />
company? I think the folks in the office would say it is when I<br />
work from home (kidding)! Probably my ability to recognize<br />
talent and then letting them do their thing.<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? March <strong>2011</strong><br />
How has the approach to your budget changed in the past<br />
3 years? Much more cost-conscience than ever before, and<br />
therefore I dig in much deeper than I have in the past.<br />
What is the hardest business decision you’ve ever had to make?<br />
Having the courage to start a new company.<br />
What is the fastest growing amenity in the industry today?<br />
Customer Service!<br />
What percentage up or down is your NOI? Compared to our<br />
budget for 2010 it is up – compared to the high water mark it is<br />
definitely down.<br />
What is your approval rating of President Obama? Once his<br />
policies start creating jobs, he will reach a point that he can finally<br />
even be graded. Right now, I think he is doing a horrible job.<br />
What is one task/role/responsibility at work that you wish you<br />
didn’t have? I wish I could find somebody to answer all the<br />
emails I get everyday.<br />
If money were not a factor, where would you retire? I think we<br />
are in a place that most people dream of coming to, so Colorado!<br />
Meredith wRIGhT<br />
echelon property group<br />
Vice President Operations<br />
15 years in the industry<br />
Mobile device: Blackberry (15 Apps)<br />
Who is responsible for helping you break into the industry and<br />
how did it happen? My friend referred me to a leasing position<br />
for the summer after I graduated college. Sharon George (now<br />
with Simpson) was crazy enough to hire me!<br />
What is the decision process on how you choose your suppliers?<br />
We use referrals from colleagues and then evaluate the supplier<br />
based on service and price.<br />
What is the best career-related decision you ever made? I moved<br />
to California and experienced an entirely new market, aspect of<br />
the company and a fantastic mentor.<br />
What high school stereotype were you? Girly Jock<br />
What movie title best describes your management style? The<br />
Good the Bad and the Ugly<br />
If a reality show were made about your life, what would it be<br />
called? “Really?!?”<br />
What is the most valuable contribution you bring to your<br />
company? The voice of reason<br />
What month and year will the <strong>Metro</strong> <strong>Denver</strong> vacancy rate drop<br />
below 5%? 4/2012<br />
How has the approach to your budget changed in the past 3<br />
years? The fluff is gone.<br />
What is the hardest business decision you’ve ever had to make?<br />
Staff reductions<br />
What percentage up or down is your NOI? Up, 4%<br />
If money were not a factor, where would you retire? North Bay area<br />
of San Francisco, but would need a winter home in Costa Rica.<br />
If entertaining important guests, what would you prepare/serve<br />
for dinner? 1-800 – CATERER.<br />
DID wE MISS YOU? Who’s Who is ABout reCognizing the top MAnAgeMent<br />
professionALs Who shApe this industry. if you’re A regionAL MAnAger or<br />
ABove And didn’t get the survey, pLeAse ContACt Christopher deAn At<br />
CdeAn@AAMdhQ.org to Be inCLuded in next edition<br />
www.aamdhq.org<br />
Who’s whO<br />
WhAt you don’t knoW ABout the AAMd stAff<br />
Hidden Talent: Braiding Hair<br />
You wouldn’t be caught dead... at a Cher concert<br />
Favorite office prank? When I pranked Gayle about<br />
her budget and told her AAMD was paying for all the<br />
parking tickets her students received.<br />
What song gets stuck in your head? “You got me Rolling”<br />
If you had to, you’d change your name to: Chrisdean<br />
Your life reality show is called: As the World Turns in Warp Speed.<br />
eArLeAse<br />
Hidden Talent: My talents are not hidden.<br />
You wouldn’t be caught dead... with Nancy Peloci and<br />
Harry Reid - anywhere<br />
Favorite office prank: Saran Wrapping<br />
What song gets stuck in your head? “My Dog Has Flees”<br />
If you had to, you’d change your name to: Damn Good<br />
Your life reality show is called: Wow!<br />
nAnCy<br />
Hidden Talent: I sound like Aretha in the shower<br />
You wouldn’t be caught dead.. Sky Diving<br />
Favorite office prank: Velcro on the phone never gets<br />
old.<br />
What song gets stuck in your head? “Ego”<br />
If you had to, you’d change your name to: Nooner<br />
Your life reality show is called: Soul Train<br />
WenonAh<br />
Hidden Talent: Not exactly a hidden<br />
talent, but I’m a songwriter.<br />
You wouldn’t be caught dead... at a<br />
Microsoft convention<br />
Favorite office prank: I’ve pulled<br />
many here at the AAMD, but<br />
I’m specifically proud of April Fools Day 2009 when<br />
Wenonah wandered the office for several hours with a<br />
sign on her back (see picture) before we all emailed SPAZ<br />
to her at the same time and she realized something was up.<br />
What song gets stuck in your head? The 30 Rock theme music.<br />
If you had to, you’d change your name to: Gino, in memory of my grandpa.<br />
Your life reality show is called: Handing Off Annabelle. I’m at work when<br />
my wife is at home, and my wife is at work when I’m at home, and our<br />
daughter essentially gets passed back and forth.<br />
Chris<br />
Hidden Talent: Doing three cartwheels, a round off,<br />
a double flip in the air and landing in perfect splits<br />
with a smile.<br />
You wouldn’t be caught dead... in a spin class at 24<br />
hour fitness, it looks like a lot of work.<br />
Favorite office prank? Removing batteries from<br />
someone’s mouse.<br />
What song gets stuck in your head? “Billy, don’t be a Hero....”<br />
If you had to , you’d change your name to: Jane<br />
Your life reality show is called: Life with an Inventor. My husband is<br />
always pushing the boundaries with new ideas.<br />
JuLie<br />
www.aamdhq.org<br />
Hidden Talent: I am getting pretty good at the Toy Story 3<br />
game on the Wii. Still need a lot of practice though.<br />
You wouldn’t be caught dead... Well I’d be dead so<br />
really wouldn’t care about the venue.<br />
Favorite office prank? Beer in the Coke machine. Best<br />
25 cents I ever spent.<br />
What song gets stuck in your head? All of them.<br />
If you had to , you’d change your name to: Can’t tell. WITSEC has advised<br />
me not to disclose this information.<br />
Your life reality show is called: Evading Reality<br />
Wendy<br />
Hidden Talent: They’re so hidden they have not been<br />
discovered yet<br />
You wouldn’t be caught dead... in a meat slaughtering<br />
factory<br />
Favorite office prank: Gluing all essential office<br />
materials to the desk<br />
What song gets stuck in your head? These days it is Tic, Tok by Kesha My<br />
teenager controls the music in the car.<br />
If you had to , you’d change your name to: anything that doesn’t make<br />
you think of an 80 year old grandmother!<br />
Your life reality show is called: On the Run<br />
Betty<br />
Hidden Talent: I am awesome at hula hoop.<br />
You wouldn’t be caught dead... in Norman, Oklahoma<br />
at an OU football game.<br />
Favorite office prank? Putting stickers on the back.<br />
What song gets stuck in your head? Do It ‘Til You’re<br />
Satisfied<br />
If you had to , you’d change your name to: Natalie, only so we wouldn’t<br />
have two Julies in the office.<br />
Your life reality show is called: Married to The Family.<br />
JuLie MArie<br />
Hidden Talent: I can touch my nose with my tongue. It’s<br />
not so much impressive as it is just weird.<br />
You wouldn’t be caught dead at A Justin Beiber concert…<br />
that’s not true. When The Bieb says jump, I jump.<br />
Favorite office prank? SPAZ (see Chris’ response).<br />
What song gets stuck in your head? Whatever song Wenonah and I happen<br />
to be singing at the time. If it’s an En Vogue day you’re in for a real treat.<br />
If you had to , you’d change your name to: Dame Farnsworth Bigglesby<br />
Your life reality show is called: Hard Knocks: The Story About a Girl<br />
Named Storrie.<br />
MeghAn<br />
Hidden Talent: I used to have a wicked “kick”<br />
serve that would whip nasty topspin high into my<br />
opponent’s backhand… but these days my lower<br />
back can’t lean and twist like it used to… so it’s<br />
become my “change-up” serve.<br />
You wouldn’t be caught dead... at, or within an<br />
audible distance of a Nebraska Cornhusker party… I don’t own a single<br />
article of red clothing.<br />
Favorite office prank? The all too fun “office is closing early today” Email…<br />
sent at 4:50 pm. Prank is on me though, because everyone has already left.<br />
What song gets stuck in your head? The music from that car commercial<br />
with the 80’s band Judas Priest<br />
If you had to, you’d change your name to: KK Downing or Glen Tipton… I’m<br />
kidding! Just checking to see if there are any “defenders” reading this…<br />
Your life reality show is called: Surviving and Thriving with 11 Bosses<br />
in 11 Years.<br />
MArk<br />
NOV/DEC 2010 • TRENDS | 43<br />
WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong> WHO’SWHO <strong>2011</strong>
44 | TRENDS • NOV/DEC 2010<br />
AiMs updAte<br />
National <strong>Apartment</strong> <strong>Association</strong><br />
<strong>Apartment</strong> industry weighs in on bed<br />
bugs during congressional forum<br />
leading industry, scientific and federal<br />
experts gathered yesterday as part<br />
of a Congressional forum convened<br />
to expand awareness of bed bugs,<br />
assess their impacts and discuss ways the<br />
federal government can support efforts to<br />
combat them.<br />
Representing NAA/NMHC was Brian<br />
Hendy, senior vice president of Wallick-<br />
Hendy Development in Columbus, Ohio.<br />
Hendy made it clear that the bed bug<br />
problem is a top issue for the apartment<br />
industry. Bed bugs “create unique<br />
challenges to the apartment industry”<br />
because of the density of multifamily units<br />
and the rapidity with which infestations<br />
spread among units, he said. Hendy<br />
described the many impacts on multifamily<br />
housing, including the significant costs<br />
associated with bed bug eradication<br />
which can run into thousands of dollars<br />
for treating a single unit. Such costs can<br />
be very difficult to absorb, especially for<br />
affordable multifamily properties.<br />
Hendy described three critical<br />
elements in dealing with bed bugs<br />
– establishing an “Integrated Pest<br />
Management Plan,” creating a shared<br />
responsibility between landlords and<br />
residents and, ultimately, using effective<br />
treatments for eradication. He also<br />
emphasized that property managers<br />
must establish an inspection regime,<br />
train maintenance staff and educate<br />
residents. Residents must do their part by<br />
understanding how bed bug infestations<br />
occur, how to prevent them and the<br />
importance of cooperating with treatment<br />
protocols. Treatments, whether with<br />
chemicals or heat, are costly and should<br />
be undertaken only by experienced pest<br />
control companies, he said.<br />
Hendy recommended that federal<br />
government expedite the re-labeling<br />
of existing pesticides, support research<br />
and development into new treatments,<br />
and educate the public on identifying<br />
bed bugs, protecting themselves when<br />
traveling, and the importance of reporting<br />
any suspected sighting of bed bugs.<br />
Hendy noted that inspection protocols<br />
of federally-assisted properties should<br />
acknowledge the unique nature of bed<br />
bug infestations. He praised the approach<br />
taken by the U.S. Department of Housing<br />
and Urban Development for inspections<br />
through its Real Estate Assessment Center<br />
(REAC) that requires inspectors to report<br />
the presence of bed bugs but does not<br />
penalize owners. He hoped that federal<br />
oversight of other affordable housing<br />
programs, such as the Low Income<br />
Housing Tax Credit, would take a similar<br />
form. “Our concern is that owners and<br />
managers of these properties are not<br />
penalized for something that is largely out<br />
of their control,” Hendy said.<br />
The “Don’t Let the Bed Bugs Bite<br />
Forum” was convened by U.S. Reps.<br />
G.K. Butterfield (D-NC) and Don Young<br />
(R-Alaska), who have co-sponsored<br />
legislation to, among other things,<br />
establish a grant program to assist states<br />
in inspecting hotel rooms for bed bugs.<br />
Additionally, the bill would add bed<br />
bug prevention and management to<br />
public housing agency plan reporting<br />
requirements by amending the US<br />
Housing Act of 1937.<br />
lame-Duck Session: little Time,<br />
long wish list<br />
The resurgence of the Republicans after<br />
the midterm elections has meaningful<br />
implications for the apartment industry’s<br />
legislative agenda.<br />
A test of the new political landscape will<br />
come in the next six weeks during the lameduck<br />
session. Democrats are unsure if they<br />
should use the short work period to advance<br />
a long list of items, or, as Republicans will<br />
argue, limit that activity to a few “must-pass”<br />
bills. These include a short-term continuing<br />
resolution or omnibus funding bill to<br />
continue funding the government, possibly<br />
an extension of unemployment benefits and<br />
an extension of the so-called Bush tax cuts<br />
for all income brackets.<br />
While the prognosis for much of the<br />
tax agenda is cautiously positive over the<br />
next six weeks, lawmakers are very likely to<br />
pass an Alternative Minimum Tax relief bill.<br />
Additionally, they will renew efforts to move<br />
forward on the long-stalled “tax extenders”<br />
measure for expiring tax provisions. The<br />
current thinking is that the tax extenders are<br />
unlikely to be paid for, which reduces the<br />
immediate threat of a carried interest tax<br />
increase to cover those costs.<br />
Federal estate taxes revert to pre-<br />
2001 levels ($1 million estate exemption<br />
and 55% tax rate) in January. Attempts<br />
to extend the 2009 law ($3.5 million<br />
exemption, 45% tax rate) have to this<br />
point been unsuccessful and Republicans<br />
continue to press for a higher exemption<br />
level and a lower tax rate. If a compromise<br />
can’t be reached, the issue will carry over<br />
to the new Congress and the pre-2001<br />
levels will be in effect until the issue is<br />
resolved. Our goal on this issue is to retain<br />
“stepped-up” basis in any reform.<br />
NAA/NMhC Testify on<br />
Challenges in Financing<br />
Commercial Real Estate<br />
On Wednesday, NAA/NMHC testified<br />
before the U.S. Senate Committee on<br />
Small Business and Entrepreneurship on<br />
the capital market challenges facing the<br />
commercial real estate sector.<br />
Jim Arbury, NAA/NMHC Senior Vice<br />
President of Government Affairs, reviewed<br />
the overall status of the recovery in the<br />
apartment sector and our industry’s<br />
unique liquidity issues. Given the<br />
increasing demand for rental housing, he<br />
stressed the importance of ensuring that<br />
policymakers not restrict the supply of<br />
multifamily capital as they work to reform<br />
the GSEs, Fannie Mae and Freddie Mac. He<br />
also detailed the strong performance of<br />
the GSEs’ multifamily activities compared<br />
to the well-documented problems in their<br />
single-family business.<br />
www.aamdhq.org<br />
Finally, Arbury discussed the current<br />
financial regulatory environment,<br />
which has gone from little oversight to<br />
a “risk-averse” approach that threatens<br />
to prolong the financial crisis and<br />
interrupt the flow of capital to apartment<br />
companies. Particularly onerous is<br />
regulators’ demand that property<br />
valuations be based on marketplace<br />
appraisals--which are artificially low<br />
because of distressed property salesinstead<br />
of being based on a property’s<br />
projected discounted cash flow.<br />
We will continue our efforts to ensure<br />
that the apartment sector has access to<br />
reliable and affordable credit markets.<br />
www.aamdhq.org<br />
NAA/NMhC Address FhA<br />
Financing Delays<br />
NAA/NMHC and a coalition of other<br />
real estate organizations are working<br />
with HUD to address reports of significant<br />
delays in approving multifamily mortgage<br />
insurance applications.<br />
As FHA struggles to deal with an<br />
overwhelming increase in volume as<br />
a result of the credit crisis, they are<br />
taking several steps to manage their<br />
risk exposure. Earlier this year, they<br />
implemented new underwriting criteria.<br />
In addition, they have made policy and<br />
AiMs updAte<br />
procedure changes in how they process<br />
loans.<br />
Among other things, they have<br />
created a central loan committee and<br />
are re-negotiating transactions and<br />
exploring additional recourse provisions.<br />
These and other policy actions are<br />
creating bottlenecks that have resulted<br />
in significant and costly delays in getting<br />
financing approved.<br />
If your firm has been told by FHA that<br />
your transaction won’t be processed<br />
or will be significantly delayed, please<br />
contact NAA/NMHC’s Dave Cardwell at<br />
dcardwell@nmhc.org.<br />
The New Congress: New Balance of Power Complicates<br />
Industry’s legislative Agenda<br />
When the 112th Congress convenes on January 5,<br />
Republicans will control the House and will have eliminated the<br />
Democrats’ filibuster-proof majority in the Senate. The result will<br />
either be total gridlock or reluctant cooperation on a few issues<br />
in advance of the 2012 elections.<br />
The most obvious impact on the apartment industry’s agenda<br />
will be in the House, where the Republican takeover means<br />
they will control the flow of legislation and will appoint new<br />
committee chairmen.<br />
GSE and Financial Regulatory Reform<br />
All eyes are on the Financial Services Committee, which<br />
will lead efforts to reform Fannie Mae and Freddie Mac and<br />
will oversee implementation of the comprehensive financial<br />
regulatory reform bill passed this year. Rep. Spencer Bachus (R-<br />
AL) and Rep. Ed Royce (R-CA) are both vying to replace current<br />
chairman Barney Frank (D-MA). Both Bachus and Royce have<br />
said they will repeal or revise elements of the financial regulatory<br />
reform bill. And both have vowed to “end the bailout” of the GSEs.<br />
Democrats are expected to continue to press for retaining<br />
some kind of government guarantee. They are weakened,<br />
however, not only by the Republican takeover, but also by<br />
the loss of Rep. Paul Kanjorski (D-PA), who chaired the Capital<br />
Markets and GSE Subcommittee; Kanjorski lost his seat in this<br />
month’s election. The Obama Administration is set to release<br />
its outline for Fannie Mae and Freddie Mac in January, but the<br />
divided Congress means that beyond numerous hearings, final<br />
action on reform is unlikely until after the 2012 elections.<br />
Taxes<br />
Any tax issues not addressed in the lame-duck session will<br />
carry over to the beginning of the next Congress. Beyond those<br />
items, tax legislation is expected to be targeted (on issues such<br />
as energy incentives) as opposed to sweeping changes over<br />
the next two years. Even without a significant tax bill, the threat<br />
of a tax increase on carried interest remains real given the new<br />
deficit-reduction mantra on Capitol Hill and the fact that there<br />
are few other revenue raisers left.<br />
Environmental Policy and Energy Incentives<br />
Republican control of the House effectively kills comprehensive<br />
climate change (cap-and-trade) legislation in the 112th Congress.<br />
There is bipartisan interest among members from coal states to<br />
constrain the ability of the Environmental Protection Agency (EPA)<br />
to regulate greenhouse gasses through regulation as well, an issue<br />
likely to come up as early as the lame-duck session. Piecemeal<br />
energy bills may advance, and NAA/NMHC will continue to<br />
press for an array of grants, rebates and tax incentives for energy<br />
retrofits in apartments. We anticipate that Republicans will also<br />
hold hearings on a number of regulatory issues of interest to NAA/<br />
NMHC, including stormwater management and lead-based paint.<br />
Although a bill expanding the Clean Water Act was defeated in the<br />
last Congress, EPA retains considerable existing authority to carry<br />
out its stated objective to regulate post-development water runoff,<br />
among other things.<br />
Immigration Reform and “Card Check”<br />
Also considered dead in the next Congress are the NAA/<br />
NMHC-opposed Employee Free Choice Act (EFCA), also known as<br />
“card check,” and other legislative priorities for unions. (See “NAA/<br />
NMHC Weigh in on Union Elections” below.) Comprehensive<br />
immigration reform is also unlikely.<br />
With so many new members of Congress, one of our top<br />
priorities will be to continue our massive education drive to<br />
inform lawmakers about the importance of rental housing<br />
and the need for a more balanced housing policy as well as a<br />
continued federal role supporting capital liquidity.<br />
NOV/DEC 2010 • TRENDS | 45
46 | TRENDS • NOV/DEC 2010<br />
count sheep.<br />
not bed bugs.<br />
CoreLogic SafeRent<br />
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Learn what the next generation of risk management<br />
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or tlane@saferent.com.<br />
NYSE: CLGX<br />
©2010 CoreLogic. All rights reserved<br />
saferent.com<br />
Resident Screening | Renters Insurance | Analytics | Lease & Document Generation<br />
www.aamdhq.org<br />
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0<br />
05 Q3 06 Q1 06 Q3 07 Q1 07 Q3 08 Q1 08 Q3 09 Q1 09 Q3 10 Q1 10Q3<br />
www.aamdhq.org<br />
vACAnCy & rent stAtistiCs<br />
Dr. Gordon Von Stroh, University of <strong>Denver</strong><br />
3rd Quarter 2010 overview<br />
vacancy Rate Average Rent Average per sq. ft.<br />
5.3% $912.68 $1.07<br />
Legend: Line: Percent Vacant Bar: Average Rent (in dollars)<br />
hottest submarkets<br />
Boulder-<br />
university Area<br />
County overview<br />
denvernorth<br />
Central<br />
Arapahoe County-<br />
south<br />
Boulder - except<br />
university<br />
Longmont<br />
1.1% 2.3% 2.4% 2.6% 3.0%<br />
Vacancy Rate Average Rent Rate (/sq. ft.)<br />
Adams 4.4% $914.71 $1.06<br />
Arapahoe 6.7% $881.97 $1.03<br />
Boulder/Broomfield 3.5% $993.25 $1.16<br />
<strong>Denver</strong> 5.3% $905.01 $1.11<br />
Douglas 4.4% $1,112.52 $1.13<br />
Jefferson 3.9% $863.99 $1.01<br />
these numbers are just a snapshot from the AAMd vacancy & rent survey - third Quarter 2010 data.<br />
to order the full report, call (303) 329-3300 or download it at www.aamdhq.org. fourth Quarter 2010<br />
data will be released in January <strong>2011</strong>.<br />
920<br />
910<br />
900<br />
890<br />
880<br />
870<br />
860<br />
850<br />
840<br />
830<br />
ADvERTISING DIRECTORY<br />
Thank you to the following companies for their<br />
continued support of <strong>Apartment</strong> Trends.<br />
ADVERTISER PAGE<br />
Action Appliance Inc. 14<br />
Alliance Insurance Group 26<br />
<strong>Apartment</strong> Book 28<br />
<strong>Apartment</strong> Flags by Susan 13<br />
AppFolio 10<br />
Arbor Carpet 12<br />
Belfor Property Restoration 2<br />
Career Strategies 31<br />
Colorado Asphalt Services 15<br />
Community Interiors 19<br />
CoreLogic SafeRent 46<br />
Cort Furniture Rental Inside Front<br />
CP & M 20<br />
Drain-O-Rooter 29<br />
EmbroidMe 23<br />
Envirozone 46<br />
Executive Coatings 36<br />
FastSigns 3<br />
For Rent Media Solutions 16<br />
Invisible Waste 30<br />
ista North America 38<br />
Horowitz & Burnett, PC 21<br />
Lexis Nexis 26<br />
Lynett Brockman & Associates 19<br />
Royal Finish Back Cover<br />
Standard Interiors 7<br />
Stonebridge Builders 34<br />
Studio Victor Sanchez 46<br />
TJK Services 27<br />
Utility Revenue Services 32<br />
Varo 13<br />
NOV/DEC 2010 • TRENDS | 47
WeLCoMe neW oWners<br />
American Family Communities,<br />
LLC<br />
Scott VanRamshorst<br />
200 South Wilcox Street, #303<br />
Castle Rock, CO 80104<br />
Ph: (303) 800-4527<br />
F: (303) 362-5726<br />
Units: 3<br />
CLK Multifamily Mgmt<br />
Ginger Long<br />
5545 Murray Road, Third Floor<br />
Memphis, TN 38119<br />
Ph: (317) 422-5325<br />
ginger.long@clkmm.com<br />
Units: 144<br />
WeLCoMe neW suppLiers<br />
Budget Building Services<br />
Kim Farnsworth<br />
10371 East 106th Unit C,<br />
Brighton, CO 80601<br />
Ph: (303) 289-1700<br />
F: (303) 289-5757<br />
kim.bbsdenver@gmail.com<br />
www.bbsdenver.com<br />
Criterion Brock<br />
Deb Irwin<br />
4500 SE Criterion Ct., #100<br />
Milwaukie, OR 97222<br />
Ph: (503) 654-0206<br />
F: (503) 654-3881<br />
diriwn@criterionbrock.com<br />
www.criterionbrock.com<br />
DTA Central<br />
Sam Shalhoub<br />
1468 S. Cherokee St.,<br />
<strong>Denver</strong>, CO 80223<br />
Ph: (303) 794-5277<br />
F: (303) 922-8559<br />
sam@visionco.biz<br />
Disaster Restoration Inc.<br />
Rich Velasquez<br />
4275 Forest Street,<br />
<strong>Denver</strong>, CO 80216<br />
Ph: (303) 657-1400<br />
F: (303) 657-9510<br />
rvelasquez@disaster-experts.com<br />
www.disaster-experts.com<br />
Greiner Electric, LLC<br />
James Tatton<br />
12456 Dumont Way,<br />
Littleton, CO 80125<br />
Ph: (303) 470-9702<br />
F: (303) 470-9810<br />
jtatton@greinerelectric.com<br />
www.grienerelectric.com<br />
Interlinked Solutions<br />
Ron Herman<br />
191 University Blvd., #235<br />
<strong>Denver</strong>, CO 80206<br />
Ph: (303) 596-8822<br />
ron@interlinkedsolutions.com<br />
www.interlinkedsolutions.com<br />
DREN LLC<br />
Peter Leider<br />
6486 S. Quebec Street, Building 3<br />
Centennial, CO 80111<br />
Ph: (303) 681-2219<br />
pleider@drenllc.com<br />
www.drenllc.com<br />
Units: 0<br />
Marquette Management<br />
Christina Putman<br />
1880 Arapahoe St.<br />
<strong>Denver</strong>, CO 80202<br />
Ph: (303) 228-2606<br />
F: (303) 228-2607<br />
hbrown@marqnet.com<br />
Units: 193<br />
Keller-Lowry Insurance, Inc.<br />
Dustin Thome<br />
1777 S. Harrison Street, #700<br />
<strong>Denver</strong>, CO 80210<br />
Ph: (303) 756-9909<br />
F: (303) 756-8818<br />
dustin@kellerlowry.com<br />
www.kellerlowry.com<br />
Lone Star Towing<br />
Troy Porras<br />
3635 Brighton Blvd.<br />
<strong>Denver</strong>, CO 80216<br />
Ph: (720) 260-4869<br />
lonestartow@gmail.com<br />
www.lstow.com<br />
MCLS, Inc.<br />
Wendy Mitchell<br />
2340 S. Ellis Ct.,<br />
Lakewood, CO 80228<br />
Ph: (303) 985-3882<br />
mclsland@comcast.net<br />
<strong>Metro</strong> HOA<br />
Will Harris<br />
4649 S. Abilene Circle,<br />
Aurora, CO 80015<br />
Ph: (303) 617-1052<br />
F: (303) 766-2535<br />
will@metrohoa.com<br />
www.metrohoa.com<br />
Mutual of Omaha Bank<br />
Kelly King<br />
3773 Cherry Creek N. Drive, Suite<br />
145<br />
<strong>Denver</strong>, CO 80209<br />
Ph: (303) 986-5575<br />
F: (303) 986-5494<br />
kelly.king@mutualofomahabank.com<br />
www.mutualofomahabank.com<br />
Peak Lighting Bulbs & Ballasts<br />
Dave Hellmers<br />
2650 2nd Ave., Unit #14<br />
<strong>Denver</strong>, CO 80219<br />
Ph: (303) 757-7300<br />
F: (303) 893-5201<br />
dhellmers@peaklighting.net<br />
www.peaklighting.net<br />
<strong>Metro</strong> West Housing Solutions<br />
Theresa Folks<br />
575 Union Blvd. Suite 100,<br />
Lakewood, CO 80228-1238<br />
F: (303) 987-7693<br />
thefol@mwhsolutions.org<br />
www.lhacolorado.org<br />
Units: 0<br />
SPL Real Estate & Mgmt Co.<br />
Marc Levine<br />
6795 East Tennessee Avenue,<br />
Suite 360<br />
<strong>Denver</strong>, CO 80224<br />
Ph: (303) 691-8020<br />
F: (303) 691-8070<br />
marc@splcompanies.com<br />
Units: 89<br />
Property Bridge, Inc<br />
Julie Hill<br />
3332 Warren Ct.,<br />
Parker, CO 80138<br />
Ph: (720) 851-0377<br />
jhill@moneygram.com<br />
Quantum Collection Services<br />
Mike McClain<br />
10395 W. Colfax, Suite 340<br />
Lakewood, CO 80215<br />
Ph: (303) 984-8300<br />
F: (303) 984-1986<br />
quantummcclain@att.net<br />
www.quantumcollects.com<br />
Spark Energy Gas, L.P.<br />
Greg O’Brien<br />
1400 16th Street, Suite 400<br />
<strong>Denver</strong>, CO 80202<br />
Ph: (303) 456-1022<br />
gobrien@sparkenergy.com<br />
www.sparkenergy.com<br />
Units: 0<br />
St. Vrain Paving<br />
Rick Smith<br />
22864 City Road 5,<br />
Berthoud, CO 80513<br />
Ph: (303) 775-0799<br />
F: (790) 532-2386<br />
T. Charles Wilson Insurance<br />
Service<br />
Mark Carlson<br />
2260 S. Xanado Way, Suite 280<br />
Aurora, CO 80014<br />
Ph: (303) 368-5757<br />
F: (303) 872-1940<br />
mcarlson@wilsonins.com<br />
www.wilsonins.com<br />
Utility Revenue Services<br />
Stephanie Graybeal<br />
4245 S. Forest Circle<br />
Cherry Hills Village, CO 80113<br />
Ph: (509) 290-5258<br />
F: (509) 562-4628<br />
sgraybeal@utilityrevenue.com<br />
www.utilityrevenue.com<br />
Sun Property Mgmt LLC<br />
Jim Cull<br />
2505 S. Fenton Lane<br />
Lakewood, CO 80227<br />
Ph: (720) 272-0885<br />
jimcull1@msn.com<br />
Units: 9<br />
ZC Properties<br />
Lisa Coblentz<br />
2019 Lodgepole Drive<br />
Erie, CO 80516<br />
Ph: (303) 881-8978<br />
F: (303) 665-2375<br />
lisa_coblentz@yahoo.com<br />
Units: 40<br />
Van Gilder Insurance Corp<br />
Bryan Sulser<br />
1515 Wynkoop, #200<br />
<strong>Denver</strong>, CO 80202<br />
Ph: (303) 837-8500<br />
F: (303) 831-5295<br />
bsulser@vgic.com<br />
www.vgic.com<br />
Windom Construction Group<br />
Devin Radovich<br />
3551 South Monaco Parkway,<br />
<strong>Denver</strong>, CO 80237<br />
Ph: (303) 881-0887<br />
devin@windomcg.com<br />
www.windomcg.com<br />
48 | TRENDS • NOV/DEC 2010 www.aamdhq.org<br />
ThANk YOU<br />
to the eArLy supporters of<br />
PRESENTING SPONSOR<br />
GOlD SPONSORS<br />
PlATINUM SPONSORS<br />
SIlvER SPONSORS BRONzE SPONSORS:<br />
<strong>Apartment</strong> flags by susan<br />
Blusky restoration<br />
Career strategies<br />
executive Coatings<br />
interstate restoration<br />
spire designs
<strong>Apartment</strong> <strong>Association</strong> of <strong>Metro</strong> <strong>Denver</strong><br />
3773 Cherry Creek North Dr. , Suite 1001<br />
<strong>Denver</strong>, Colorado 80209<br />
(303) 329-3300<br />
TIME VALUE MATERIAL<br />
SERvINg yOu SINCE 1990!<br />
QuAlIty ANd SERvICE guARANtEEd IN All<br />
CAbINEt, ApplIANCE ANd pORCElAIN RESuRFACINg<br />
(before)<br />
(after)<br />
INC.<br />
• Countertops<br />
• Cabinets<br />
• bathtubs<br />
• Sinks<br />
PERIODICALS<br />
• No Contract Employees<br />
• Fully Insured<br />
• Not a Franchise - Owner Operated and Managed<br />
• Resurfacing with an Environmentally Sound Approach<br />
tWO yEAR WARRANty<br />
• Ceramic tile<br />
• Appliances<br />
• Fireplaces<br />
888-737-1010 • www.royalfinish.com<br />
<strong>Denver</strong> • Dallas • Ft. Worth • houston • san antonio • CinCinnati<br />
Columbus • ClevelanD • Dayton • inDianapolis • louisville • lexington<br />
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