PDF - Northeast Ohio Apartment Association
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PDF - Northeast Ohio Apartment Association
Suites Published by the Northeast Ohio Apartment Association Property of the Year Stonebrooke Village Luxury Apartments November 2012 Also Inside: • • • • • • • Key Award Gala Photos New DOE Furnace Standards Future Electric Rates Increase 5 Things to Protect your Business NOAA Electric Savings Program Recovering what is Owed Providing Superior Customer Service Disasters never clock out. Neither do we. In the aftermath of any disaster, time is money. That’s why BELFOR’s industry experts work around the clock to provide complete, turnkey property restoration solutions. From cleanup and construction to the decontamination of valuable assets, BELFOR provides prompt, efficient solutions that businesses and homes across America turn to most. So in the event of a disaster, trust BELFOR to get you back to business. www.belfor.com 800-922-3848 Michelle Kirda One Phone Call - Anywhere in the U.S. November 2012 Northeast Ohio Apartment Association Western Reserve Building 1468 West 9th Street • Suite 110 Cleveland, OH 44113 Executive Officers President Robert Sorin Royal American Group Immediate Past President Allan B. Pintner Millennia Housing Management President-Elect Joy Anzalone Burton Carol Management Vice President Claudia Madden UGP Properties Treasurer Charles Schulman Carlyle Management Company Secretary Dan Moskowitz Western Reserve Property Management Presidential Appointee George Cvijovic Forest City Residential Management Executive Vice President Ralph McGreevy Northeast Ohio Apartment Association Associate Council Appointee David Neale Roto-Rooter Services Co. Association Staff Ralph McGreevy Executive Vice President Jacqui Bongiovanni Office Manager Ryan Flanagan Media and Marketing Manager Contact NOAA Western Reserve Building 1468 West 9th Street • Suite 110 Cleveland, OH 44113 Phone 216.241.1635 Fax 216.241.1636 NOAA Online Website: noaamembers.com Facebook Page: facebook.com/NOAAPage Suites: noaamembers.com/suites.php Graphic Design: Ryan Flanagan Printed by: Consolidated Marketing Solutions Table of Contents 4 Executive Vice President’s Message 6 New Members 8 NOAA Electric Savings Program – Gary Greulich | North Shore Energy 9 Calendar of Events 11 Recovering What is Owed – Mark Buemi | Prompt Recovery Services, Inc. 12 Past Events and Photos – 12 Casino Night, 14, 15, 19-21 Key Awards Gala (Platinum and Gold Winners) 13 New DOE Furnace Standards – Peter Eno | Refrigeration Sales Corporation 16 Property of the Year - Stonebrooke Village 22 5 Things to Protect Your Business – Michael P. Mandato | System Care, Inc. 24 Future Electric Rates Increase – Gary Greulich | North Shore Energy 26 Eviction Index / Vacancy Rates 27 Providing Superior Customer Service – Martha Thomas | Answering Cleveland, Inc 28 Property Transfers Property of the Year Stonebrooke Village Luxury Apartments Roland Georgi, Manager Krisztina Renderos, Leasing Consultant Danielle Smith, Leasing Consultant John Parks, Lead Maintenance Superintendent Al Repko, Maintenance Superintendent The Northeast Ohio Apartment Association is a non-profit organization committed to furthering professionalism in the multi-family housing industry. NOAA serves sixteen Ohio counties through specially designed education, networking and legislative programs. President’s • Apartment Guide • Apartments.com • Belfor USA • C.C. Mitchell Supply Co. • Coinmach • Dawson Neace Lukens • Great Lakes Financial Group • IGS Energy • Powers Friedman Linn, PLL • Roto-Rooter • Schill Grounds Management • The Plain Dealer • The Sherwin Williams Co. • Time Warner Cable Suites Magazine 3 Ralph MCGreevy, EVP | Northeast Ohio Apartment Association Message from the EVP Dear NOAA Members, That’s right, the election is over. By now most of us have dimming memories of ‘Frankenstorm’. America is still here, albeit a bit soggier on the eastern seaboard and a bit more frustrated if your candidate didn’t win. I try to never get upset about things that are out of my control. But from the comments of my Facebook page, I might be in the minority. I have one friend who asked if I voted for Obama to un-friend him; since Cuyahoga County has the burden or pleasure, depending on where you stand, of laying claim to re-electing the President. I will not un-friend him for the simple reason of what happens in the voting booth is supposed to be private. Am I right or what! I mean it is supposed to be like Vegas! So I’d like to focus on things that are in our control. To begin with I’d like to thank Jacqui and Ryan for all their hard work on this year’s trade show. We maximized Windows with exhibits and Kate Good did an outstanding job not only on her seminar but also on the three following drill down sessions. But what really surprised me is that, to date, there has been little to no complaining about the trade show from the exhibitors. Now you may think this happens every year, but I assure you that is not the case. In fact the biggest complaint we’ve fielded is about the excessive heat. (See paragraph one re: only worrying about things we can control.) So to everyone who attended and exhibited in this year’s NOAA tradeshow, I’d like to offer you a tip of the cap. I am very proud that you all appreciated the trade show. But if this reaches someone who does have a complaint, feel free to call the complaint line – 216 408-1458. (For those who don’t know….that is my cell phone.) And so as 2012 begins to dim and 2013 starts to appear on the horizon, I’d like to wish everyone a happy holiday season, beginning with Thanksgiving. And now I will share my top three reasons I am thankful…with a fourth thrown in for good measure. 1.) My wife Holly! 2.) My children and other immediate family (including my dog!) 3.) NOAA and all of its members, especially the Executive Committee and the Board of Trustees. 4.) My Health and happiness. It is my holiday wish that you all feel the same way about your spouse, family, extended family, dogs (if you own one) and your overall health and happiness. Yours truly, Ralph McGreevy Executive Vice President 4 November 2012 It all starts with Some of our Corporate Branding Solutions Include Customized Uniform Programs Corporate Gifts Logo Wear Full Service Printing, Direct Mail Services, & Multi-Channel Marketing For more information contact Joe Artiste at [email protected] or 440.343.3362 Suites Magazine 5 Welcome New Members! Associate Members Community Vibe Howard Hanna Property Management Kariithi Kilemi 4620 Henry Street Floor 1 Pittsburgh, PA 15213 Phone: (885) 426-8423 Fax: (412) 927-2641 Email: [email protected] www.comvibe.com Paul Blumberg Jared Zak 800 W. St. Clair Ave. Clevleand, OH 44113 Phone: (216) 901-4500 Fax: (216) 573-2397 Email: [email protected] [email protected] www.howardhanna.com Intuitive, touch-friendly interface accessible on the go. Services Maintenance Notification Reviews Services Property Management Leasing Sales The Leasing Workshop / C.L.A.S.S. Choice Cabinet Michelle Davis P.O. Box 150566 Lakewood, CO 80215 Phone: (800) 875-9847 Fax: (866) 469-8578 Email: [email protected] www.theleasingworkshop.com Services Training Consulting Mystery Shops North Shore Energy Chris Greulich 423 Meadowview Dr. Sagamore Hills, OH 44067 Phone: (330) 524-7559 Fax: (888) 570-4771 Email: [email protected] www.northshoreenergy.com Services Energy Brokerage 6 November 2012 David Alexander 26200 Richmond Rd. Bedford Heights, OH 44146 Phone: (216) 378-2828 Fax: (216) 378-2844 Email: [email protected] www.choicecabinet.com Services Kitchen Cabinets Bath Cabinets Securitas Security Services Adam Koehler 9885 Rockside Road Suite 155 Valley View, OH 44125 Phone: (216) 209-3544 Fax: (440) 887-6859 Email: [email protected] www.securitas.com Services Security Patrol Inspections Alarm Response Services Permanent Security Services Temporary Security Services Maverick Restoration Shawn Kelly P.O. Box 427 Richfield, OH 44286 Phone: (330) 239-8210 x 501 Fax: (330) 239-8211 Email: [email protected] www.maverick-restoration.com 24/7 Emergency Response (800) 316-4911 Services Fire/Water Restoration Mold Remediation Demolition Re-construction Property Solutions David Romero 2912 Executive Parkway Lehi, UT 84043 Phone: (410) 878-7411 Fax: (801) 705-1835 Email: [email protected] www.propertysolutions.com Services Websites ILS / Craigslist Posting SEO iPad Leasing Electronic Lease Lead Management Call Tracking Resident Insure Call Analysis Resident Message Center Screening Leasing Center PM Software Resident Portal Facebook Resident Pay Integration Check Scanning Money Gram Package Tracking Lobby Display Mobile Portal Resident Utility Sidari Enterprises Dan Sidari 9545 Midwest Ave Unit i Garfield Heights, OH 44125 Phone: (216) 518-4270 Fax: (216) 518-4274 Email: [email protected] www.certapro.com Services Painting Floor Covering Welcome New Members! PRIMARY Members Associate Members Ohio Geese Control Jeff Hower 3250 Nelson Park Rocky River, OH 44116 Phone: (216) 228-4822 Email: [email protected] Services Pest Control (Canada Geese) Landscape Management Wolf Home Products Terry Donahue 2517 Wexford Run Rd. Wexford, PA 15090 Phone: (412) 953-2802 Fax: (724) 933-8848 Email: [email protected] www.wolfhomeproducts.com Cabinetry - American Made All Wood - In Stock Kitchen & Bath Vanity Top - In Stock Local Dealers DBC Real Estate Management Vic Son 51 Pennwood Place Suite 200 Warrendale, PA 15086 Phone: (724) 772-9020 Email: [email protected] Buckingham Adam Martin 2044 Euclid Ave Cleveland, OH 44115 Phone: (216) 694-8946 Fax: (216) 400-7181 Email: [email protected] www.TheLangston.com Morgan Deville LLC Tim Florczak 1170 Pittsford Victor Rd. Pittsford, NY 14534 Phone: (585) 419-9630 Fax: (585) 419-9636 Email: [email protected] www.morganmanagement.com Suites Magazine 7 Gary Greulich | North Shore Energy Consulting, LLC, President NOAA Electric Savings Program “Don’t Be Shocked By Electricity Brokers !!” NOAA has been notified by multiple members that misleading and inaccurate representations are being made by inexperienced ‘Energy Brokers’. They are calling on members and quoting electric rates that may or may not be accurate. More seriously is the misleading idea that there will be minor or no penalties if a member switches suppliers, or that a member has the right to terminate a power supply contract without penalty. These statements are completely false. Electricity and natural gas are commodities that are “hedged” at the time of purchase, whereby suppliers make a financial commitment and commit resources for the benefit of the customer. As a result, energy suppliers levy heavy penalties on businesses that switch suppliers in the midst of a contract. NOAA and North Shore Energy have enjoyed a very successful relationship since 2009 that has guided members through the complexities of the deregulated electricity market. Now, the NOAA Electric Savings program currently provides over 110 million KWH per year of power at discounted rates to NOAA members! Northeast Ohio Apartment Association FREE Legal Participating members have saved hundreds of thousands of dollars on their electricity costs. Most electricity brokers have only one source of energy to quote electricity pricing.....North Shore Energy represents 23 suppliers, including all major electric suppliers that serve the Ohio market, constantly monitoring pricing and product offerings for the benefit of NOAA Members. These prices change on a daily or weekly basis. North Shore Energy has the flexibility to customize the right savings program by leveraging relationships with suppliers, or by using daily pricing models. In all cases, North Shore Energy can find the best prices for members. There have been instances where they have advised members to remain with their current supplier because of fees and penalties associated with switching. This means that North Shore Energy does what’s best for NOAA members! Michael Linn Powers Friedman Linn, PLL [email protected] www.pfl-law.com Stephan Babik H OT L I N E A NOAA members-only service providing free legal advice for difficult situations. Expert attorneys, specializing in real estate and commerce law, are available to our members. How it works: Call NOAA with your issue, (216) 241-1635, we will take your information. The appropriate attorney will contact you within 24 hours. While this is a free service, you will be charged if you require representation. Javitch, Block & Rathbone, LLC [email protected] www.jbandr.com Lei Jiang Lei Jiang LLC info@leijianglaw. com leijianglaw.com If you would like to explore the savings opportunity with North Shore Energy, please contact NOAA or send your most recent electric bill to Gary Greulich at North Shore Energy, fax- 888.570.4771, or email [email protected] or call him at 330.807.4438. • Real Estate Management Law • Fair Housing Law and Litigation • Collections and Creditors’ Rights • Evictions • Fair Housing • Collections • General/Defense Litigation • Rent Escrow/Deposit • Real Estate • Foreclosure • Business & Corporate • Civil Litigation • Evictions Any advice provided during this service does not create any attorney-client relationship. 8 November 2012 Before Before After After • • • • • • 24/48 Service Before The Transformation is Shocking. The Bill is Not. Custom Options Found Nowhere Else! A Convenient Way to Transform Kitchen and Bathrooms. Like New at a Fraction of the Cost of Replacement. All Work Warranted. In and Out in 1 Day! After Before you get going on your remodel, Get A Grip. Call us today! Call Get A Grip of Greater Cleveland 330.671.5002 Click getagripinc.com Free Phone Quotes & On-Site Estimates Calendar of Events For current events and news visit www.noaamembers.com November S M T W T F S 28 29 30 31 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 S M 3 December T W T F S 8 25 26 27 28 29 30 2 3 4 5 6 7 1 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 S M F S 30 31 1 2 3 4 W T November 9th - Associates Council Meeting 9:00 am. NOAA Offices, 1468 West 9th Street, Cleveland, OH 44113. November 14-15th - Certified Leasing Professional Class 9:00 am. NOAA Offices, 1468 West 9th Street, Cleveland, OH 44113. December 7th - Lake County Holiday Party 5:30 pm. Mentor Harbor Yacht Club, 5330 Coronada Drive Mentor On Lake, OH 44060. December 14th - Associates Council Meeting 9:00 am. NOAA Offices, 1468 West 9th Street, Cleveland, OH 44113. 5 January T November 1st - Trade Show 9:00 am. Windows on the River - 2000 Sycamore, Cleveland, OH 44113. 30 31 1 2 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 5 January 11th - Associates Council Meeting 9:00 am. NOAA Offices, 1468 West 9th Street, Cleveland, OH 44113. January 18th - Installation Banquet 6:00 pm. Shoreby Club, 40 Shoreby Drive, Bratenahl, OH 44108. Suites Magazine 9 To Make Your Job easier, ask sherwin-williaMs. Aside from the largest selection of coatings that help control maintenance costs, turn units fast, protect property investment and maintain curb appeal, we also bring you: • Exceptional paints and stains • Ladders and supplies • Spray equipment sales and rentals • Floorcovering • Technical support • Expert advice and customized solutions • Fast, local service • Competitive prices And don’t forget our multiple stores throughout the region they make local service a reality. When it comes to property management, we deliver. Much more than you might expect. For a store near you, visit sherwin-williams.com or call 1-800-4-SHERWIN. ©2012 The Sherwin-Williams Company. 10 November 2012 MARK J. BUEMI | PROMPT RECOVERY SERVICES, INC. SM VP Tenants that Escape in the Middle of the Night Recovering What is Owed. Well, here is something that has been on the minds of property management companies. The possibility of a renter leaving the habitat that they in some form or another were paying for. Exiting without warning, or even the slightest news of a departure, so they could use what was owed toward their new room of residence and seemingly provide a sense of responsibility toward their new habitat provider. Now of course, this is all too familiar for the property manager who’s job it is to make sure that all rent is in and accounted for by each and every filled dwelling. New tenants want to move in, and many times cannot due to the rental units being in a condition not suitable for the new tenant. Of course this means that management now must spend both man hrs and additional labor costs to get the unit ready for the new tenant. So the old tenant is out, and you have no contact information that is valid, or at least a phone number to reach out to the ex-tenant that is now in breach of their agreed terms & contract. What do you do? Probably contact an attorney for the collection of the remainder of rent and any other fees that are due. This of course is a very expensive avenue to take, and one that is generally utilized for those with much higher amounts owed. Is there a more efficient or effective way of recovering the loss rather than sending it over to an attorney to collect? Well, yes there is. In fact more and more management companies are aligned with receivable recovery groups in order to have easier communication regarding their debt accounts. In addition, some recovery groups provide a service called skip tracing, a detailed research tool that most law firms do not generally provide or consider using in the collection process, mostly because they don’t understand where to go, or how to get there. Should you have issues with the NO Warning departed tenants, be sure to research your options. A collection agency may provide more tools than you ever thought were available. If you need help in deciding which avenue is best for your Property, give us a call at 330405-5046 x2206 or send an email, mbuemi@ promptrecoveryservices.com We can share ideas that are best suited for your property. Visit www.promptrecoveryservices.com to find out more information on our Total Satisfaction Receivable Recovery & Collections Program. Rel∞ on us For over 20 years Great Lakes Financial Group has been a fullservice commercial real-estate mortgage banker. We specialize in all multifamily and healthcare facility financial needs. For all new commercial mortgage loans or refinancing options, please contact: Joseph Bobeck 216-861-1300 www.greatlakesfg.com ProPerties FinanceD • Multifamily • AffordableHousing • SeniorHousing • HealthcareFacilities Loan BeneFits • Long-term • Stable • Fixed-Rate • Assumable • Non-Recourse services • CommercialMortgageLoans • RealEstateAdvisoryServices • LoanServicing Locations • Cleveland,OhioHeadquarters • Chicago,Illinois • WashingtonD.C. • Ocala,Florida Providingloans,experience,reliabilityand... a place to come home to. For more information, visit www.greatlakesfg.com Suites Magazine 11 PAST EVENTS & PHOTOS 1 2 3 4/5 6 7/8 Casino Night Hawthorne Valley Country Club October 10th 2012 Our annual Casino Night saw well over 100 attendees this year. There was no shortage of good prizes and good times at Hawthorne Valley. Please be sure to thank our associate members for making this annual event possible. 9 10/11 12 13 14 15 16 17 Congratulations to the winners of Casino Night. Please thank our prize and table sponsors. 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 12 Adrianna Tennis - Ohio State Gift Basket - Certified Pest Control Alison Meredith - $25 Cheesecake Factory - Sherwin Williams Andy Tima - $50 Darden Gift Card - Paul Davis Restoration Greg Anglewicz - $50 Burntwood Tavern Gift Card - Rite Rug Greg Anglewicz - $50 Olive Garden Gift Card - Sherwin Williams Bob Haycox - $50 Darden Gift Card - America’s Floor Source Clint Welser - $50 Starbucks Gift Card - AT&T Connected Services Clint Welser - ipod Touch - Weltman, Weinberg & Reis Danielle Haden - $100 PF Changs - HD Supply Jenny Kral - $50 Starbucks Gift Card - Securitas Security Services Jenny Kral - Keurig Coffee Gift Basket - Time Warner Cable Jim Doran - $25 Cheesecake Factory - Sherwin Williams Jim Toth - $50 Gas Card - AmeriSeal & Restoration Leslie Krause - $50 Gas Card - AmeriSeal & Restoration Malinda Vassanelli - $100 Tal’s Beverage & Deli Gift Card - Roto Rooter Ron Polinsky - AT&T Gift Bag & (2) $50 Giftcards - AT&T Connected Services Terri Haycox - $50 Darden Gift Card - America’s Floor Source November 2012 PETER ENO | Refrigeration Sales Corporation, Manager Business Development New Furnace Standards By DOE May Require Action INSTALLATION DEADLINE: May 1st, 2013 for non-condensing 80% AFUE furnaces DOE regional minimums: DOE #EERE-2011-BT-STD-0011 The US Department of Energy (DOE) has finalized new regional minimum energy conservation standards for residential HVAC equipment. For gas furnaces, the new minimum standard is 90% AFUE. This standard prohibits installation of 80% AFUE type furnaces after 5/01/2013 in both new construction and replacement applications. What should you do? Pro-actively review your single or multi-family properties, especially those with challenging applications—where the furnace is located in the middle of the building or suite! A sound financial case can be made for replacing your current non-condensing furnaces before the May 1st, 2013 installation deadline. In some instances, converting from the traditional 80% AFUE to a 90% AFUE furnace may present significant installation challenges and costs such as venting, draining and dealing with domestic hot water. What We Will Do. Application Assistance RSC has been serving the HVAC industry for over 65 years and has the application expertise to assist you in determining the most cost effective way to meet the new DOE standard. Please call Peter Eno at 216-525-8255 or 330-607-8006. Current & New Product Inventory RSC will continue to stock 80% AFUE furnaces until the installation deadline. Additionally we maintain large inventory of the newer compliant 90% AFUE furnaces. Please contact us with any special project needs. Training RSC will offer application classes in late November, so watch for the announcement of our schedule. Training will cover: legislative awareness, venting (furnace and water heaters), draining, freeze protection, and other pertinent issues. Refrigeration Sales Corporation - www.rsc2g0.com. Peter Eno can be reached by email, [email protected] or by phone, 216-525-8255. Suites Magazine 13 P l at i n u m P l at i n u m Beachpark Tower Bridgeview Apartments 11 12 100%+ Club 100%+ Club P l at i n u m P l at i n u m Kensington Square Apartments New Warren Heights Apartments 15 16 100%+ Club P l at i n u m P l at i n u m The New Clifton Plaza 19 1 10 The Residences at Crocker Park & The Excelsior 100%+ Club 2012 Key Awards * 100% + Club Platinum 1 2 3 4 5 6 7 8 9 10 11 12 13 14 14 *Beachpark Tower - Millennia Housing Management - Multi - Upscale *Bridgeview Apartments - Landmark Management - Multi - Lux *Crossings Village Apartments - Burton Carol Management - Garden - Lux *Grand Bay of Brecksville - Western Reserve Property Management - Town - Prem Kensington Square Apartments - ABC Management - Garden - Afford *New Warren Heights Apartments - ABC Management - Town - Afford Ravenswood Apartments & Townhomes - Burton Carol Management - Town - Mod *Ridgewood House Apartments - Burton Carol Management - Multi - Mod The New Clifton Plaza - ABC Management Company - Multi - Afford *The Residences at Crocker Park & The Excelsior - Comet Management - Garden - Prem *The Terraces on the Green - Comet Management - Garden - Upscale *Williamsburg Townhomes - Associated Estates - Town - Lux Windsor Place Apartments - Burton Carol Management - Garden - Mod *Woodside Terrace Apartments - Smythe Property Advisors, LLC - Town - Upscale November 2012 Silver (not pictured) 200 West Apartments - 200 West Apartments - Multi - Upscale *Abington Arms - Millennia Housing Management - Multi - Upscale Acadian - ABC Management - Garden - Mod Alexia Manor / Lourexis - Millennia Housing Management - Multi - Mod Andrews Place Apartments - Millennia Housing Management - Multi - Mod Applecrest Village - Millennia Housing Management - Garden - Mod Bellair Apartments - ABC Management - Town - Mod Bellaire Garden A - CMHA - Multi - Afford Birch Manor / Huntington Place - ABC Management - Garden - Mod Bridlewood Apartments - Zaremba Management Company - Multi - Mod Butternut Ridge - JVM Realty Corporation - Garden - Lux Cambridge Court Townhomes - Smythe Property Advisors - Town - Mod Campbell Court Apartments - ABC Management - Multi - Afford Castlewood Apartments - Zaremba Management Company - Multi - Upscale Cedar Center - Millennia Housing Management - Multi - Mod P l at i n u m P l at i n u m Crossings Village Apartments Grand Bay of Brecksville 14 3 17 100%+ Club 100%+ Club P l at i n u m P l at i n u m Ravenswood Apartments & Townhomes Ridgewood House Apartments 18 100%+ Club P l at i n u m P l at i n u m The Terraces on the Green Williamsburg Townhomes 1 11 1 12 100%+ Club 100%+ Club Continued on Page 19 Cedargate Apartments - Smythe Property Advisors, LLC - Garden - Mod Cedarwood Village - Apollo Property Management - Garden - Mod Central Park Apartments - ABC Management - Garden - Afford Clearbrooke Apartments - Burton Carol Management - Garden - Mod Cleveland New Homes/Cermak Building - Millennia Housing Management - Garden - Afford Collinson Apartments - ABC Management - Multi - Mod Colony Club Apts & Townhomes - Zaremba Management Company - Garden - Mod Columbia Square Apartments - Burton Carol Management - Garden - Mod Columbus Park - Apollo Property Management - Multi - Mod Covington Gardens - Millennia Housing Management - Garden - Mod Dorchester Village - Apollo Property Management - Multi - Mod Dorothy Jackson - Akron Metropolitan Housing Authority - Town - Afford Emeritus House Apartment - ABC Management - Multi - Lux Essex Apartments - ABC Management Company - Garden - Afford Fairview Village Apartments - Zaremba Management Company - Multi - Mod Fawn Lake - KRI Properties - Garden - Mod *Forest Meadows Apartments - JKG Properties - Garden - Upscale Grandview Pointe Apartments - Zaremba Management Company - Multi - Mod Hamilton House Apartments - Zaremba Management Company - Multi - Mod Heatherwood - Amore Management - Garden - Mod Heritage Arms - Millennia Housing Management - Multi - Mod Heritage View Homes - CMHA - Town - Afford Hidden Lake Apartments - JVM Realty Corporation - Garden - Upscale *Highland Place Apartments - Millennia Housing Management - Multi - Mod Holy Redeemer - Millennia Housing Management - Garden - Afford *Hunter’s Chase - Cottonwood Residential - Garden - Lux Hunter’s Pointe Townhomes - Zaremba Management Company - Town - Upscale Lake Park Village - Burton Carol Management - Garden - Mod Legacy Park Apartments - CMHA - Multi - Afford Liberty Plaza Apartments - Millennia Housing Management - Town - Upscale Linden House Apartments - Zaremba Management Company - Multi - Mod *Mallard’s Crossing Apartments - Associated Estates - Garden - Upscale Suites Magazine 15 NORTHEAST OHIO APARTMENT ASSOCIATION 2012 Property of the Year Stonebrooke Village Luxury Apartments Neil Lockhart relaxed by the attached garage of his Stonebrooke Village apartment in Medina, keeping an eye on his black lab, Shemp, who noodled in the yard nearby. cathedral ceilings and a floor plan he considers extremely well thought-out. And early evening strolls with Shemp along winding Stonebrooke Lane, illuminated with old-style streetlights, only serves to reinforce that first impression. “It’s just a wonderful place to be,” he said. Lockhart, who has lived at Stonebrooke since 2008, explained how he visited the community before even meeting with property management, just to see for himself what Stonebrooke “felt” like. At the time, he was renting an apartment in Brunswick after moving to Northeast Ohio from Florida. Judges participating in the Northeast Ohio Apartment Association’s annual Key Awards concur, honoring Stonebrooke Village as the 2012 “Property of the Year.” Stonebrooke Village had won impressive Platinum Key Awards for each of the last three years, and a Gold Key Award in 2008. “It was warm, open-armed,” he said, recalling how residents who didn’t even know him were immediately friendly and welcoming. Lockhart lives in a second-floor unit with 16 November 2012 Stonebrooke Village - 2948 Stonebrooke Lane, Medina, OH 44256 But Property of the Year, as an independent industry stamp of approval, Outdoor swimming pool adjacent to the clubhouse. 2012 Key Awards Gala - Marriott downtown at Key Center. Al Repko, John Parks, Danielle Smith, Krisztina Renderos. “gives us a little more credibility than just us saying we’re the best,” said Jennifer Leinweber Ritz, vice president of the Zaremba Management Co., which has managed Stonebrooke since 2007. communities, residents and their peers that their property has the physical qualities, marketing creativity and management caliber necessary to be called one of Northeast Ohio’s best. Judging, which took place June 19 and culminated in the NOAA’s much-anticipated and well-attended annual awards gala at the Marriott Key Center on Sept. 6, involved 32 apartment industry experts from Pittsburgh, Columbus and Detroit around the near midwest. “Stonebrooke Village has joined a very select group,” said Ralph McGreevy, executive vice president of NOAA. “To win this award, an apartment community must be nearly flawless.” Judges were paired up and sent out for a full day of property visits along 16 routes, stretching from Lorain to Conneaut, south to Massillon and as far as Youngstown. Judging is detailed and extensive. The twopage evaluation form asks judges to grade each property in six areas, from the entrance and exterior, to the model suite, leasing office and landscaping. “Overall Community Appeal,” the general property category, involved 107 properties – 29 of which received a rating of at least 100 points. Awards are categorized by rental price range and property type and are presented as Platinum (best in category), Gold (second place) and Silver (for remaining properties that score well). And the highest-scoring apartment community – judged against all entrants regardless of category -- is honored as Property of the Year. Winners of the Key Awards, from property owners and managers to their staffs, demonstrate to their Built in 2004, Stonebrooke Village consists of 146 units in 18 two-story buildings nestled on a wooded side street just east of the Ohio 18 exit of Interstate 71. Zaremba Management, which was hired to manage Stonebrooke three years after its construction, is based in Fairview Park and manages nearly 4,000 apartment units, 250,000 square feet of office space and 60,000 square feet of mini-storage units. The four-point mission statement on the back of Zaremba’s business cards includes the goal of “offering a caring, involved team of associates.” At Stonebrooke, which is positioned in its marketing materials as “a resort setting with everything you need at your fingertips,” caring and involved are discovered in the details. There’s a Snapple vending machine outside the 24-hour fitness center and a hot tub by the peanut-shaped outdoor swimming pool. The clubhouse, with a full kitchen and sparkling J-shaped granite countertop, is popular for wedding and baby showers. “My Five” (plus one) Multifamily marketing tips from the 2012 NOAA “Property of the Year” Key Award winner. 1. Be knowledgeable about your community, as well as those in the surrounding area (the competition). 2. Know your unique features and benefits. Understand the value of your community and what it has to offer your prospects and residents. 3. Provide a well-maintained community, and show suites that are market-ready. 4. Care about your residents and provide them highest level of customer service possible. 5. Create a sense of community to retain your residents into the future. 6. Remember, it’s teamwork. Make sure the entire staff is trained and maintains the shared goal of making your property the best it can be. Source: Jennifer Leinweber Ritz, vice president of Zaremba Management, and Roland Georgi, property manager of Stonebrooke Village luxury apartments. Suites Magazine 17 Management provides an online portal for information, make a rent payment, submit a maintenance request and other conveniences, and produces a quarterly resident newsletter. The fall issue, for instance, reminds residents to check their furnaces to make sure they are working before the cold weather hits, informs them of hayrides and apple festivals in the area and includes a schedule of upcoming Zaremba Travel Club excursions. Roland Georgi, who leads the Stonebrooke management team of John Parks, Krisztina Renderos, Al Repko and Danielle Smith, said they throw several bashes for the residents each year, -- a hula party and a summer cookout – holds a communitywide “Best Dessert” contest, and invites residents for complimentary pizza and pop while the staff washes their cars for free. And each spring, management provides residents with bulbs to plant in their flowerbeds, followed up with a summer Best Garden contest. Leinweber Ritz, who’s been with the firm since 1988 – a year after the company was formed – and directs operations, marketing and leasing, said “You want to make it a community.” Of course, parties and contests are just gimmicks without the bricks-and-mortar real estate and perceived value to back them up. Stonebrooke’s taupe and gray one- and twobedroom units, which range from 1,080 to 1,300 square feet for $929 to $1,114 per month, an attached two-car garage with electrical outlets and water, private entrances, in-suite laundry rooms and gourmet kitchens with oak raised-panel cabinetry and the full slate of modern appliances. And then there’s the 24-hour maintenance service. Have a leaky toilet at 3 in the morning? It gets fixed. “I think it’s the little touches that we do,” said Georgi, who has managed the property since Zaremba was on board. “You have to have your heart in it.” Back Row: Krisztina Renderos, Leasing Consultant, John Parks, Lead Maintenance Superintendent, Todd Bates, Landscape Manager, Christen Wilcox, Landscape Foreman Front Row: Al Repko, Maintenance Superintendent, Danielle Smith, Leasing Consultant, Jennifer Leinweber Ritz, VP/Zaremba Management Company Not Pictured: Roland Georgi, Manager Little touches like making sure a new resident who has just moved to Stonebrooke from out of town has soap, shampoo and toiletries waiting because he or she may not have had time to shop yet. Perhaps the ultimate compliment, even beyond the property’s high occupancy and retention rates, is how many of their temporary corporate housing tenants – which Zaremba calls “Z Suites” – became full-time residents. The four Stonebrooke plans are named for the masters: The DaVinci, The Rembrandt, The Monet and The Boticelli. To that, Zaremba now adds the name, Property of the Year 2012. Property Manager of the Year - Tammie Valentine, Burton Carol Management. Customer Service Hero - Jeff Stark, Comet Management. 18 November 2012 P l at i n u m P l at i n u m Windsor Place Apartments Woodside Terrace Apartments 13 14 100%+ Club P l at i n u m Gold Arlington Square Apartments 15 16 Great Northern Village Apartments Gold Gold Marine Towers West Apartments New Hampshire House Apartments 17 18 100%+ Club * 100% + Club 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Continued From Page 15 Gold Silver Arlington Square Apartments - ABC Management Company - Garden - Afford Great Northern Village Apartments - Burton Carol Management - Garden - Mod *Marine Towers West Apartments - Burton Carol Management - Multi - Upscale New Hampshire House Apartments - ABC Management Company - Town - Mod *Parkside Towers - Burton Carol Management - Multi - Mod *Remington - BH Management - Garden - Lux (not pictured) *The Terraces at Northridge - Comet Management - Garden - Upscale *Van Buren Homes - Akron Metropolitan Housing Authority - Town - Afford Village at Avon - Associated Estates - Garden - Prem *Village at Avon - Associated Estates - Town - Prem Waterstreet Apartments and Condominiums - Landmark Management - Multi - Lux West Boulevard - CMHA - Multi - Afford Westchester Townhomes - Associated Estates - Town - Upscale *Winfield Commons Apartments - Zaremba Management Company - Town - Lux *Woodbury Commons Apartments - Zaremba Management Company - Garden - Upscale Mannington Place Townhomes - Zaremba Management Company - Town - Upscale Miles Elmarge - CMHA - Multi - Afford Newport Square Apartments - Zaremba Management Company - Town - Upscale Oak Hill Village Apartments - ABC Management Company - Garden - Mod Oaks of Euclid - Dominium Property Management - Town - Mod *Pleasant Lake Apartments - Western Reserve Property Management - Garden - Upscale Renaissance @ Fairfax Park - Millennia Housing Management - Garden - Afford Residence at Barrington - Associated Estates - Garden - Lux Residence at Barrington - Associated Estates - Town - Prem Royal Oaks - JVM Realty - Garden - Upscale Royalton Green Apartments - Burton Carol Management - Garden - Mod Solon Club Apartments - Carnegie Companies - Multi - Mod Solon Park Apartments - Zaremba Management Company - Garden - Upscale *Somerset Lux Apartments - Banyan Tree Property Management - Garden - Upscale *Southwesterly Apartments - Millennia Housing Management - Multi - Mod Suites Magazine 19 Gold Gold Parkside Towers The Terraces at Northridge 19 11 2 100%+ Club 100%+ Club Gold Gold Van Buren Homes Village at Avon 1 23/24 22 100%+ Club Gold 15 2 Waterstreet Apartments and Condominiums 100%+ Club * 100% + Club Silver (Continued form page 19) *The Islander Apartments - Western Reserve Property Management - Garden - Upscale The Lakes of Aurora - Western Reserve Property Management - Town - Prem *The Shoreham - Burton Carol Management - Multi - Mod Timber Ridge Apartments - Western Reserve Property Management - Garden - Upscale Victoria Plaza Apartments - Burton Carol Management - Multi - Mod Village in the Park - Western Reserve Property Management - Garden - Upscale Village of Western Reserve - Associated Estates - Town - Lux Warrensville Community - Millennia Housing Management - Multi - Mod Westlake Gardens - Millennia Housing Management - Town - Mod Whitewood Apartments - Carnegie Companies - Town - Upscale Willson Tower - CMHA - Multi - Afford Woodhill Homes - CMHA - Town - Afford Woodview Commons Apartments - Zaremba Management Company - Garden - Moderate Yorkview Apartments - ABC Management Company - Town - Moderate http://bit.ly/key-results-2012 Special Thanks to this Year’s Sponsors: Call 216.241.1635 to learn more about sponsoring our biggest event of the year. 20 November 2012 Gold Gold West Boulevard Westchester Townhomes 16 2 17 2 Gold Gold Winfield Commons Apartments Woodbury Commons Apartments 1 28 19 2 100%+ Club 100%+ Club Powers Friedman Linn, PLL Attorneys at Law Providing quality legal advocacy and counsel to owners, managers and landlords throughout Ohio. www.pfl-law.com Four Commerce Park Square 23240 Chagrin Blvd. Suite 180 Cleveland, OH 44122 Phone: (216) 514-1180 Fax: (216) 514-1185 Suites Magazine 21 Michael P. Mandato | System Care, Inc. EVP 5 Easy Things You Should Do To Protect Your Business Let’s face it; no one likes to think about bad things happening to them, much less planning for them. But since September was National Disaster Preparedness month, we wanted to give you a quick “brush up” on some simple things you can (and should!) be doing to protect your business. 1. Review Your Business Insurance Carefully. Most businesses carry some type of general liability insurance that would pay them if their building and the things in it were damaged. However, many businesses do not have enough coverage to replace all the computer equipment and devices, desks, art, supplies and other things they’ve accumulated over the years that are housed in their office. Make sure you review your policy every year and keep in mind new additions and assets you’ve accumulated during that year. 2. Consider Cloud Computing. One of the biggest advantages of cloud computing is that your data and assets are stored off-site in a 22 November 2012 highly secure, high-availability data center, with failover and redundancy built in. That means that if your building were destroyed and you had to evacuate or if your server melted down due to an unexpected hardware failure, everything you’ve worked so hard to create over the years is safe and not a sitting duck in your unsecured closet or server room. 3. Secure Your Data. Making sure that your data is protected from theft is a never-ending battle you don’t want to lose. Companies that get hacked and expose sensitive client and employee data can face severe penalties, lawsuits and massive loss of credibility in the marketplace. Make sure you never have to send an e-mail to your customers explaining the bad news that a hacker accessed their info through you. Further, if you keep any sensitive information (even passwords to portals containing sensitive information) on portable laptops, phones and other devices, make sure you have a way of controlling and safeguarding that information. 4. Write A Simple Disaster Recovery Plan. The key word here is “simple.” If your plan gets too complicated or difficult, you won’t do it. But at a minimum, think of the disaster that is most likely to happen and that would have a severe and negative impact on your company’s survival. 5. Review Your Employee’s Internet Policy. With so many people “addicted” to Facebook and Twitter, it’s important that your employees know where the line is in what they can and can’t post online. We also recommend content filtering software to block content and web sites you don’t want employees visiting during work hours. And remember, we can help you with the above items; just call 440-925-4005x132 to schedule your assessment. Give us a call and the consultation is FREE! Visit our website: www. systemcareinc.com To date, personally sold over 16,700 units totaling over $649,000,000 P artial L ist of E xclusive I nventory Breakwater Towers (Cleveland, OH) $3,355,000 – 112 Units Cap Rate: 8.91% Michael S. Barron Nottingham Place (Cleveland, OH) $2,165,000 – 96 Units $1+ Million Renovation Chapel Hill Twinplexes (Akron, OH) $1,390,000 – 42 Units Cap Rate: 9.05% Lee-Yorkshire Apts (Cleveland Hts., OH) $600,000 – 21Units Cap Rate: 10.40% The Market Leader in Value Added Multi-Family Investment Brokerage Michael S. Barron Vice President Investments Senior Director National Multi Housing Group Phone: 216.264.2016 [email protected] Marcus & Millichap Crown Centre 5005 Rockside Road, Suite 1100 Cleveland, Ohio 44131 www.MarcusMillichap.com/MichaelSBarron ed st Ju s Clo Edgewater Cove (Lakewood, OH) 24 Units November 2012 Information on these properties and more can be found at www.MarcusMillichap.com/MichaelSBarron or by calling 216.264.2016 Sleggs, Danzinger & Gill, Co., LPA Contesting real property tax assesments in all of Ohio’s 88 Counties. We help our clients to maximize their property investments by reducing their property taxes. Experienced Legal Counsel in Property Tax Law Sleggs, Danzinger & Gill (216) 771-8990 820 West Superior Ave. Seventh Floor Cleveland, OH 44113 www.sdglegal.net Suites Magazine 23 Gary Greulich | North Shore Energy Consulting, LLC, President Electric Rates Will Dramatically Increase in the Future Impact of Capacity Costs NOAA members with buildings served by Ohio Edison, Toledo Edison and The Illuminating Co. will see much higher electric rates in the future. By 2015, the average apartment owner will experience a rate increase of nearly 2 cents/kWh due to skyrocketing capacity costs. What is Capacity? On June 1, 2011 FirstEnergy Corporation elected to merge into PJM, which is the largest deregulated grid operator in the US. Because of the merger, all FirstEnergy utility customers are now subject to a new charge for Capacity. To ensure there is enough electricity to sustain the grid during the peak use times of the year, PJM uses a market-based auction that sets future capacity rates three years in advance. The capacity auction is used to send price signals to investors to encourage new development in the electric grid. The most recent capacity auction conducted in May of this year, which sets the rate all customers will pay beginning in June of 2015, cleared 1,700% higher than todays rate! This will have a dramatic impact on every residential, commercial and industrial electric utility customer in the FirstEnergy service area. needs to be calculated on a building-by-building basis, with costs ranging from 1.5 to over 7.0 cents/kWh. For some unfortunate customers, capacity will become a larger cost item than the actual energy they consume. Capacity charges are assed on an annual basis by PJM, and collected by your competitive electric supplier as one of the cost components embedded in your fixed-price supply contract. Summary: There are strategies you can use to reduce the impact Capacity will have on your electric rates in the future so look for more information from North Shore Energy in the coming months. Graph 1 Graph 1 shows Capacity rates from June 2012 through May 2016: Why are Capacity Rates Increasing? Due to recent EPA regulations, it is becoming harder and much more expensive to run coal fired power plants. Coal has provided the vast majority of power in Ohio, and now generators are being forced to shut down older, dirtier power plants that have been in service for decades. FirstEnergy recently announced the closure of three power plants causing a shortage of Capacity in this area. In response, the PJM Capacity Auction for this area set record high prices. How Will Rising Capacity Rates Affect Me? North Shore Energy has analyzed the cost impact Capacity will have in the future for the NOAA Members, and have calculated the average apartment building will pay 1.99 cents/kWh more for electricity in 2015 compared to today. Graph 2 represents the average cost per kWh impact when averaging together a large number of apartment electricity accounts, mixing large master-metered accounts together with small common space accounts. The impact capacity has on your future competitive supply prices 24 November 2012 Graph 2 During your next contract renewal cycle, North Shore Energy will review this information with you in more detail because it may have an impact on the type of electric product and the length of time you choose for your next electric supply contract. For more information, or to identify proactive steps that will reduce your future capacity costs, contact Chris (330.524.7559) or Gary (330.807.4438) at North Shore Energy, NOAA’s electric energy experts. BATHTUB and COUNTERTOP REFINISHING ON TIME and ON BUDGET! Let us show you just how good refinishing can be. Before “All I can say is WOW. I was very impressed with the amount of money we saved refinishing countertops instead of replacing.” Elizebeth DeMario Property Manager, Shoreham, Burton Carol After “With inspections coming up, we worked “Miracle Method was prompt and with Miracle Method to refinish our tile professional. We have had nothing short floors and bathtubs. Through out the of rave reviews from our tenants.” process they worked with our schedule, and got the job done on time, and on budget.” Kris Frindt Resident Services Coordinator, Ed Auel The Islander Apartments, Engineering Department , Western Reserve Management Cleveland Renaissance Hotel Miracle Method refinishing will look better, last longer and it’s guaranteed! Don’t settle for second best! Call 216-671-3444 To schedule an appointment or for a free estimate Visit our showroom at 12438 Plaza Drive, Parma www.miraclemethod.com/cleveland 5-year warranty on all services! Porcelain • Tile • Formica® • Fiberglass • Cultured Marble • Chip Repair Each Miracle Method office is independently owned and operated. Suites Magazine 25 Eviction Index The Suites Magazine Eviction Index is presented to owners and managers of multifamily properties to assist them in assessing the regional market. The numbers represent the number of eviction filings in the corresponding courts. The Eviction Index is sponsored by Powers Friedman Linn, PLL, a law firm specializing in real estate management issues. 2011 2012 Court Sept. Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. Bedford 193 223 155 152 162 173 156 140 175 227 215 205 212 Cleveland 1116 1097 785 778 930 769 799 803 1061 1011 1170 1075 939 Euclid 210 135 111 131 165 102 117 112 133 159 158 114 105 Lakewood 105 86 62 74 111 82 72 78 68 94 81 103 82 Parma 130 123 92 106 123 100 89 95 125 166 122 136 126 Painesville 44 57 42 42 36 43 35 37 32 46 48 44 45 Total 1798 1721 1247 1283 1527 1269 1268 1265 1593 1703 1794 1677 1509 Total Eviction Index - Historical Line Chart 2010 2011 August September July June May April March January February December November October September August July May June April March February January December October November September August July June May April March February January 2000 1800 1600 1400 1200 1000 800 600 400 200 0 2012 Vacancy Rates 2011 Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 3.60% 4.10% 4.40% 4.40% 4.90% 4.00% 2.50% 2.40% 1.60% 0.80% 2.20% 3.30% 3.60% 4.20% 4.40% 5.60% 5.80% 5.60% 4.30% 2.30% 1.40% 1.90% 1.70% 4.40% 4.10% 4.20% 2.0% 2.90% 3.80% 3.40% 3.80% 3.10% 2.70% 2.00% 2.40% 0.00% 2.70% 2.50% 2.0% 2.50% 3.10% 3.60% 3.90% 4.00% 3.40% 2.40% 1.60% 1.50% 1.30% 2.10% 1.70% 2.50% 4.80% 4.60% 4.70% 5.40% 5.90% 5.60% 5.00% 4.90% 4.70% 3.70% 4.80% 4.80% 4.80% 3.42% 3.82% 4.50% 4.70% 5.10% 4.30% 3.50% 3.20% 2.90% 2.00% 3.30% 3.80% 3.42% August Oct. April AREA Northeast Southeast South/Southeast Northwest Southwest Entire Region 2012 Sept. Total Vacancy Rates - Historical Line Chart 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 2008 26 November 2012 2010 2012 September July August June May April March February January December October November September July 2011 August May June April March February January December October November September July May June March February January December October November September July 2009 August May June April March January February December October November August September July May June April March January February 0.00% MARTHA THOMAS | ANSWERING CLEVELAND INC., PRESIDENT Answering Services Provide Superior Customer Service As a property manager or owner, you are responsible for all that happens at your location. Daily tasks, leasing inquiries, and maintenance requests (routine/urgent) can keep you very busy through the course of the day. Since you cannot be on-site 24 hours a day, 7 days a week, why not consider using an answering service? While voicemail is reliable, 7 out of 10 people would prefer to talk to a live person instead of a machine. In general, callers tend to lose interest or feel their concerns are not being addressed promptly when they reach a voice mailbox or a voice activated system. Allowing your tenants to talk to a person makes them feel important because they can tell the account representative about their issues, and/or concerns. In turn, these tenants feel valued and appreciated. This appreciation turns into tenant loyalty and a good overall feeling about your company. Utilizing an answering service not only provides a live line of communication from you to your tenants but also offers a wide array of customizable features designed specifically for your business. Whether employed 24/7 or just when your office is unavailable, the use of an answering service can help keep you organized. Answering Cleveland, Inc. has the ability to record all calls taken on your behalf thus assisting you in the event of liability or insurance issues. Once the account representative has documented the information you require on each call, that information is dispatched according to your specific instructions. “Routine” calls (leasing, billing, etc) can be logged and faxed or emailed, while calls of a more urgent matter (leak, flood, power outage, etc) can be immediately dispatched to your maintenance on-call personnel. In either case, a record of the tenant’s information, time, date, and nature of call is captured and can be sent to you for record keeping. Using Answering Cleveland, Inc. will also reduce the strain of having your maintenance personnel answer and field maintenance calls directly. More often than not, what is urgent to a tenant may not be something you want your maintenance staff to address depending on the time it is called in and the severity of the matter. As we all know, tenants can be very compelling and creative! Answering Cleveland, Inc. has the ability to screen and log all calls while only dispatching what you deem to be an emergency. In this event, the maintenance person is not pressured (by the tenant) into handling a call that can wait for normal business hours. business. Whether you are an owner or manager, have one apartment building, an apartment complex, single or multi-family homes, or condominiums, the use of Answering Cleveland, Inc. can help your provide your tenants with the quality customer service they deserve. Visit www.answeringcleveland.com or give us a call at 216-621-1878 for more information. By using our skilled, professional answering service, your tenants (existing and new) can feel that they are a fundamental part of your Suites Magazine 27 Property Transfers August - September 2012 28 ADDRESS CITY NEW OWNER PREVIOUS OWNER DATE PRICE UNITS 103 Dawes Ave 103 Dawes Ave 103 Dawes Ave 103 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 127 Dawes Ave 1413 East Ave 166 Brittain Rd 166 Brittain Rd 166 Brittain Rd 166 Brittain Rd 166 Brittain Rd 1984 W Market St 1984 W Market St 1984 W Market St 1984 W Market St 2010--2020 W Market St 2010--2020 W Market St 2010--2020 W Market St 2010--2020 W Market St 277 Kenmore Blvd 277 Kenmore Blvd 277 Kenmore Blvd 277 Kenmore Blvd 625 Lovers Ln 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 700--780 Shadybrook Dr 77 E York St 10100 Folk Ave Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Akron Cleveland 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc Powers Katherine L Vaughn Herman N Vaughn Herman N Vaughn Herman N Vaughn Herman N Vaughn Herman N A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc A & R Apartments Llc Hope Through Devine Hope Through Devine Hope Through Devine Hope Through Devine Bruce Douglas Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc Ellet Park Apartments Llc 1271 Main Llc City Of Cleveland Oh Land Reutili Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Stamper Trustee Ronald R Wells Fargo Bk Na Wells Fargo Bk Na Wells Fargo Bk Na Wells Fargo Bk Na Wells Fargo Bk Na Annabelle Apartment Llc Annabelle Apartment Llc Annabelle Apartment Llc Annabelle Apartment Llc Fairlawn Manor Llc Fairlawn Manor Llc Fairlawn Manor Llc Fairlawn Manor Llc Lehman Xs Trust 2006-17 Lehman Xs Trust 2006-17 Lehman Xs Trust 2006-17 Lehman Xs Trust 2006-17 Deutsche Bank Series 2005-Opt2 Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Woodford Properties Ltd Liability Co Keith Thomas J Cockrell Jas & Emma 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 8/20/12 9/26/12 9/26/12 9/26/12 9/26/12 9/26/12 8/31/12 8/31/12 8/31/12 8/31/12 8/31/12 8/31/12 8/31/12 8/31/12 9/7/12 9/7/12 9/7/12 9/7/12 8/22/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 9/20/12 8/7/12 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $21,500 $25,500 $25,500 $25,500 $25,500 $25,500 $900,000 $900,000 $900,000 $900,000 $900,000 $900,000 $900,000 $900,000 $12,600 $12,600 $12,600 $12,600 $11,750 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $3,950,000 $20,000 $2,085 November 2012 6 0 0 0 19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 4 0 0 0 0 8 0 0 0 17 0 0 0 0 0 0 0 0 20 20 20 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 Property Transfers August - September 2012 ADDRESS CITY NEW OWNER PREVIOUS OWNER DATE PRICE UNITS 11 W St 11420 Fairchild Ave 11927 Triskett Rd 1210 West Blvd 1210 West Blvd 1267 E 124Th St 15203 Kinsman Rd 15220 Saranac Rd 15410 Waterloo Rd 1564 Ansel Rd 1575 E 43Rd St 15801 Saint Clair Ave 2012 E 125Th St 2036 W 45Th St 2036 W 45Th St 2079 W 98Th St 2201 E 79Th St 2637 W 41St St 2637 W 41St St 3022 E 116Th St 3206 W 46Th St 3248 E 134Th St 3271 W 73Rd St 3271 W 73Rd St 3433 W 50Th St 3438 E 140Th St 3458 E 119Th St 3735 Rocky River Dr 4428 Turney Rd 4820 Lee Rd 4820 Lee Rd 580 E 128Th St 6003 Memphis Ave 6406 Hosmer Ave 7116 Central Ave 7116 Central Ave 7617 Osage Ave 821 E 143Rd St 982-988 E 69Th St 982-988 E 69Th St 982-988 E 69Th St 982-988 E 69Th St 9922 Stoughton Ave 1328 Brookline Rd 1328 Brookline Rd 1328 Brookline Rd 1328 Brookline Rd 3209 Meadowbrook Blvd 1487 Meriline St 1487 Meriline St 1487 Meriline St 1487 Meriline St 1487 Meriline St 1487 Meriline St 1820 Silver Lake Ave 1820 Silver Lake Ave 1820 Silver Lake Ave 1820 Silver Lake Ave 701 Middle Ave 701 Middle Ave 701 Middle Ave 7730 Ravenna Road Ext 7730 Ravenna Road Ext 7730 Ravenna Road Ext 7730 Ravenna Road Ext 7730 Ravenna Road Ext 12065 Edgewater Dr #12 1350 Cove Ave Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Heights Cleveland Heights Cleveland Heights Cleveland Heights Cleveland Heights Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Cuyahoga Falls Elyria Elyria Elyria Hudson Hudson Hudson Hudson Hudson Lakewood Lakewood Flanigan Robert Jamieson Patricia Federal Home Loan Mtg Corp Rs Park Place Llc Rs Park Place Llc Barksdale Leslie J & C Homebuyers Llc Pride Spencer 15410 Waterloo Llc Vesta Regency Llc Nexfinder Llc Dg Strategic Ii Llc Pd & R Real Estate Props Llc Mancuso Alan & Elizabeth Mancuso Alan & Elizabeth Mohammad Sendos Federal Natl Mtg Assn Fnma Polito Vento Investments Llc Polito Vento Investments Llc Emperial Properties Llc Wachovia Bk Of De Natl Assn Kevins & A Quality Remodeled Torres Raul Torres Raul Malizia Properties Llc Larry Chaundria City Of Cleveland Oh Land Reutili Blau John Jr & Rebecca Club 52 Properties Llc Cansouth Properties Llc Cansouth Properties Llc Blackmon Charles Ricchetti Michael & Flavia Beagle-Holmes Dustin City Of Cleveland Land Reutilizat City Of Cleveland Land Reutilizat Younger Unique City Of Cleveland Oh Land Reutili Grassroot Innovations Llc Grassroot Innovations Llc Grassroot Innovations Llc Grassroot Innovations Llc Hunter Jimmy Mioh Llc Mioh Llc Mioh Llc Mioh Llc Morlock Lesley Ruffner Keith C Ii & Amanda J Ruffner Keith C Ii & Amanda J Ruffner Keith C Ii & Amanda J Ruffner Keith C Ii & Amanda J Ruffner Keith C Ii & Amanda J Ruffner Keith C Ii & Amanda J Milan Thomas Milan Thomas Milan Thomas Milan Thomas Elyria City School District Elyria City School District Elyria City School District Gregg Jonathan Gregg Jonathan Gregg Jonathan Gregg Jonathan Gregg Jonathan 12065 Edgewater Llc Madison Commons Resid Care Fac Leneghan Thomas Garofalo Luigi Gohel Raman;+ Edgewater Partners Llc Edgewater Partners Llc Plymouth Park Tax Services Llc Gvb Colsulting Services Inc Booker Michelle Jjg/Associates Community Cooperative Dev Foun Moy Tzehon Collinwood/Nottingham Villag Belcastro Larry J. (Trustee Dionisopoulos Nicholas Dionisopoulos Nicholas Mohammad Samir Jones Trenise;+ Vorell John Paul. Vorell John Paul. Ortiz Raymond Harris Richard Wade Rudolphus Gazda Peggy Gazda Peggy Ktc Properties Llc Federal Natl Mtg Assn Fnma Stonecrest Income/Opportunit P/M Regas Ltd Habian Christine Succ-Trustee Cameron Garden Management Llc Cameron Garden Management Llc Sanders Charles/Cora Sleva Mark J/Patricia Invictus Asset Management Llc Long Kevin Long Kevin Alessi Lourdes Stanford Ernest Sr First Place Bk First Place Bk First Place Bk First Place Bk Trenseter Dev Corp Brookline Investment Ltd Brookline Investment Ltd Brookline Investment Ltd Brookline Investment Ltd Hunter Cornel;+ Rodeman Geri Trustee Rodeman Geri Trustee Rodeman Geri Trustee Rodeman Geri Trustee Rodeman Geri Trustee Rodeman Geri Trustee Monbeck William R/Karen E Monbeck William R/Karen E Monbeck William R/Karen E Monbeck William R/Karen E Cleveland Street Ltd Cleveland Street Ltd Cleveland Street Ltd Gregg Jonathan Gregg Jonathan Gregg Jonathan Gregg Jonathan Gregg Jonathan Edgewater-Cove Apartments Inc;+ Mamone David 8/3/12 8/10/12 9/12/12 8/23/12 8/23/12 9/5/12 8/24/12 9/6/12 8/20/12 8/30/12 8/8/12 8/23/12 8/31/12 8/9/12 8/9/12 9/12/12 8/22/12 8/22/12 8/22/12 9/19/12 8/16/12 9/4/12 9/13/12 9/13/12 8/30/12 8/10/12 8/7/12 8/10/12 9/18/12 8/23/12 8/23/12 8/31/12 9/17/12 8/28/12 8/7/12 8/7/12 9/10/12 8/7/12 8/29/12 8/29/12 8/29/12 8/29/12 9/19/12 9/10/12 9/10/12 9/10/12 9/10/12 8/13/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 8/10/12 9/14/12 9/14/12 9/14/12 9/14/12 9/14/12 9/14/12 9/14/12 9/7/12 9/7/12 9/7/12 9/7/12 9/7/12 9/7/12 8/24/12 $85,000 $125,000 $33,334 $990,000 $990,000 $4,000 $6,900 $83,900 $55,000 $2,470,000 $41,500 $162,000 $50,000 $32,000 $32,000 $59,800 $69,883 $35,000 $35,000 $17,000 $6,000 $65,000 $11,000 $11,000 $6,000 $10,500 $1,155 $225,000 $92,000 $565,000 $565,000 $82,000 $132,000 $500 $52,542 $52,542 $63,600 $2,311 $17,000 $17,000 $17,000 $17,000 $1,000 $1,930,000 $1,930,000 $1,930,000 $1,930,000 $315,000 $175,000 $175,000 $175,000 $175,000 $175,000 $175,000 $29,000 $29,000 $29,000 $29,000 $42,000 $42,000 $42,000 $297,000 $297,000 $297,000 $297,000 $297,000 $535,000 $127,000 0 5 4 20 0 4 4 4 5 0 4 4 4 2 2 6 0 4 0 8 4 4 2 2 4 4 4 6 8 16 0 4 4 5 0 0 4 4 0 0 2 1 4 8 0 0 0 6 4 0 0 0 0 0 4 0 0 0 0 0 0 6 0 0 0 0 25 6 Suites Magazine 29 Property Transfers August - September 2012 ADDRESS CITY NEW OWNER PREVIOUS OWNER DATE PRICE 1502 Winchester Ave 9633 Valley View Rd 9633 Valley View Rd 9633 Valley View Rd 9633 Valley View Rd 9633 Valley View Rd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 8100 Deepwood Blvd 20595 Albion Rd 124--126 Dawes Ave unknown unknown unknown unknown unknown unknown unknown Lakewood Macedonia Macedonia Macedonia Macedonia Macedonia Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Mentor Strongsville unknown unknown unknown unknown unknown unknown unknown unknown Altaei Adil Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Deepwood North Co Llc Shannondoah Inc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc 342K2 Llc First Place Bk Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Csl Summit Point Llc Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Deepwood North Co Prudhoe Mark Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E Thomas Bill E 8/21/12 9/21/12 9/21/12 9/21/12 9/21/12 9/21/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 8/1/12 9/14/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 9/10/12 $67,500 $20,500 $20,500 $20,500 $20,500 $20,500 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $7,037,950 $205,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 $1,100,000 Index of Advertisers 2 Belfor USA 5 Consolidated Marketing Solutions 9 Get A Grip NOAA Northeast Ohio Apartment Association Ryan Flanagan Media and Marketing Manager P: 216.241.1635 E: [email protected] 11 Great Lake Financial BC IGS Energy 23 Marcus & Millichap 25 Miracle Method 7 Multifamily Utility Company 21 Powers, Friedman, Linn 10 Sherwin Williams 23 Sleggs, Danzing & Gill, Co. LPA 22 System Care 30 November 2012 Suites is your most targeted, cost-effective opportunity to reach all the owners and operators of residential multifamily properties in Northeast Ohio. Start making plans now to place your message in front of our fast-growing and affluent market. Visit: http://www.noaamembers.com/suites.php to download the media kit and view current and back issues of Suites. UNITS Scan For Contact Info 4 150 0 0 0 0 24 24 24 24 24 16 24 25 24 16 24 24 1 4 4 5 0 7 0 0 0 0 N o rt h e a s t O h i o A pa rt m e n t A s s o c i at i o n Group Purchasing Fill Your Cart with Group Savings! 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Already the trusted supplier to more than 45,000 units owned or managed by NOAA members. Ohio’s leading alternative supplier of natural gas, providing dependable service and trusted advice for more than 22 years. A true partner in your business. Work directly with an experienced energy expert committed to helping you meet your goals. EAGER TO LEARN MORE? Make sure to ask about the “NOAA Group Purchasing Plan.” Call us at 877-923-4447, or email us at [email protected] IGSENERGY.COM [email protected] 6100 Emerald Parkway, Dublin, OH 877-923-4447 32 November 2012