November 2016 E-Newsletter

| E-Newsletter |

What's New in the FAA

Legislative Conference Registration Is Open

Leadership Lyceum Slots Still Available

Discounted 2017 NAA Education Conference Registrations Available from FAA

New Pricing Structure Announced for FAA Lease

What's New Around the State

Market Report

What's New Nationally

Industry Insider: Lawsuit Filed Over Discriminatory Facebook Housing Ads

APTly Spoken Blog — Unpacking the Meaning of a Trump Administration for Apartment Housing

Are You Ready to Apartmentalize at the Industry’s Largest, Most Important Annual Gathering?

Supplier Updates

2017 FAA Annual Conference & Trade Show Pricing and Deadlines Announced

Product/Service Council Changes Go into Effect in January

FAA Product/Service Council Buyers Guide

Upcoming Events

2017 FAA Events


What's New in the FAA

Legislative Conference Registration Is Open

Please join FAA as we travel to Tallahassee for the 2017 Legislative Conference February 7 and 8. Make plans to join your peers and friends from across the state as we team up again for our journey to the state capital. This annual visit is extremely important, as it helps secure our grassroots lobbying base and promote our industry's legislative priorities.

Registration fee of $115 includes the legislative briefing, reception, and dinner with guest speakers. Deadline for the conference registration and hotel room reservations is Tuesday, January 31 at 5 p.m. To register, print this PDF and either scan and email to rona@faahq.org, or mail it to FAA, 105 East Robinson Street, Suite 301, Orlando, FL 32801. An interactive PDF will be available on the website soon.
The room rate at the Hotel Duval, 415 N. Monroe St., is $189 plus $10 parking (if applicable).

Click here to make your room reservation or call 888-717-8854 and mention "Florida Apartment Association" to receive the discounted group rate.

Meeting Schedule

Tuesday, February 7, 2017
8:30 - 9:50 a.m. Executive Committee Meeting
10 - 11:30 a.m. APAC Board of Directors Meeting/Legislative Committee Meeting
11:45 - 12:45 p.m. AE Council Meeting
11:45 - 1 p.m. Lunch Provided by FAA
1 - 4 p.m. Board of Directors Meeting
5 - 6 p.m. Reception
6 - 8:30 p.m. Legislative Briefing Dinner

Wednesday, February 8, 2017
9 a.m. - 5 p.m. Legislative Office Visits

Please contact Courtney Barnard, FAA government affairs director, at courtney@faahq.org if you have any questions. See you in Tallahassee!

Leadership Lyceum Slots Still Available

Multifamily management professionals who are interested in becoming FAA leaders can ask their local affiliate executive to nominate them for the 2017 FAA Leadership Lyceum program. All supplier slots for the 2017 Leadership Lyceum class have been filled.

The FAA Leadership Lyceum works to identify and develop a well-informed and highly motivated group of emerging multifamily housing leaders: people with a broad-based vision and strong commitment to the mission and strategic objectives of the Florida Apartment Association and its local associations.

Any FAA member may enroll in the course through their local association. Lyceum candidates are required to complete three classroom modules that are each five hours. They must attend one FAA Board of Directors meeting, one FAA Legislative Committee meeting, the FAA Legislative Conference, and the FAA Annual Education Conference. If you're interested in more information or want to enroll, please contact your local association.

Discounted 2017 NAA Education Conference Registrations Available from FAA

Management members of the Florida Apartment Association are eligible for a discounted registration fee of $675 to the 2017 NAA Education Conference & Exposition.

New Pricing Structure Announced for FAA Lease

The National Apartment Association (NAA) has approved a new unit-based pricing structure that will replace the current pricing structure for the FAA Lease (Click & Lease powered by Blue Moon Software). NAA will be transitioning to the new pricing structure in a manner similar to what the Texas Apartment Association did last year when it moved to unit-based pricing.

During the transitional year, we will operate on two systems: the per-unit pricing system for new sales and renewals (administered by NAA), and click-based pricing (administered by FAA). NAA’s new unit-based pricing structure will automatically be applied when a property renews its annual Blue Moon site license in 2017. Until a property transitions to the per-unit pricing structure, the property will continue to order clicks. NAA is working toward an option which will allow for properties to switch to the new per unit pricing structure before their annual Blue Moon license renewal date — more information on that will be shared as it becomes available.

The annual renewal fee for the units-based model is calculated using the following formulas:

Apartment Package (50 units or more per community):

  • NAA affiliate membership dues (based on property location)
  • $300 Blue Moon site license fee
  • $2.99 annual per-unit fee

Small Owner Package (fewer than 50 units per community):

  • NAA affiliate membership dues (based on property location)
  • $100 fee for first 20 units
  • $5 per-unit for additional units

If you have questions, please email rona@faahq.org.


What's New Around the State

Market Report

Highlights of multifamily housing deals and projects around Florida. Send news of acquisitions, sales, building starts, and renovations to laureen@faahq.org.

PANHANDLE

11/17 Crimson Ventures acquires Pensacola apartments

Tennessee-based Crimson Ventures has announced that its joint venture partnership with Residential Investment Advisors of Lebanon has bought the 86-unit Hilburn Apartment Homes in Pensacola, for $3.9 million. Read more.

NORTHEAST

11/17 400 Apartments Proposed at Deerwood Park

A 400-unit apartment complex is in review for Deerwood Park on land owned by GuideWell Group Inc., the parent company of Florida Blue. Read more.

CENTRAL

11/15 Insula Cos. Acquires Winter Park community

Sarasota-based Insula Cos. has reached the milestone of $100 million in property acquisitions this year with the recent purchase of Calibre Bend Apartments in Winter Park. The two-story, 212-unit property was purchased for $29 million. Read more.

BAY AREA

11/20 Altman Borrows to Build Tampa-Area Property It May Sell to Lender

The Altman Companies of Boca Raton obtained an $18.7 million loan to build a multifamily housing complex in Tampa — and may sell the property to the lender as part of the deal. Atlanta-based Preferred Apartment Communities Inc. (PAC) loaned the $18.7 million to Altman for its planned 392-unit multifamily housing complex, part of a master-planned community in Tampa called Wiregrass. Read more.

11/17 Preferred Apartment Communities Announces Investment in Multifamily Development in Tampa

Preferred Apartment Communities announced that it closed on a loan investment of up to approximately $18.7 million, in connection with The Altman Companies plans to develop a 392-unit multifamily community in Tampa. Read more here and here.

SOUTHEAST

11/14 Greystar buys Henry Torres’ condo-turned-rental project in Little Havana for $89M

In one of Little Havana’s most expensive commercial deals in recent history, Greystar just paid $89 million for the Astor Companies’ newly built InTown apartment complex. Greystar’s purchase covers a pair of 15-story rental towers at 1900 Southwest Eighth St. in Miami that together house 312 units. Read more.

11/10 RAIT Financial sells Miami Gardens apartments for $36M

RAIT Financial Trust has sold a bulk apartment and condo property in Miami Gardens for $36.2 million to a private investor.The 347-unit deal includes 260 apartments and 87 condos within a 412-unit complex at 701 NW 210th St. and 21010 NW Seventh Ave. Read more.

SOUTHWEST

11/20 National developer buys 14 acres, plans apartments near Germain Arena

Continental Properties, based in Wisconsin, has purchased 14 acres from the University Highland Limited Partnership near Miromar Outlets. The property is bound by Estero Parkway, Interstate 75 and Ben Hill Griffin Parkway.Property records show the land sold for $6.78 million. Read more.

TRI-CITY AREA

11/15 TGM Associates Acquires 386-Unit Garden Style Apartment Community in Sarasota

TGM Associates announced the acquisition of TGM University Park, a garden style apartment community with 386 units in Sarasota, FL. The property, completed in two phases 1997 and 2001, is comprised of 19 residential buildings built on a 40.5 acre site. Read more.


What's New Nationally

Industry Insider: Lawsuit Filed Over Discriminatory Facebook Housing Ads

Facebook is facing a potential class-action lawsuit on the grounds that the social networking site allows racial discrimination in housing and employment ads, violating the Fair Housing Act and the Civil Rights Act of 1964.

Learn More

APTly Spoken Blog — Unpacking the Meaning of a Trump Administration for Apartment Housing

Uncertainty dominated the commentary written by key real estate analysts trying to forecast how the apartment industry and economy overall will be affected by the election of Donald Trump as the next U.S. President.

Learn More

Are You Ready to Apartmentalize at the Industry’s Largest, Most Important Annual Gathering?

It’s time to Apartmentalize, which means taking your career, your team and your business to the next level. You can do it all at the apartment housing industry’s largest, most important annual gathering—the NAA Education Conference & Exposition — convening June 21-24 at the Georgia World Congress Center in Atlanta. Registration is now open.

Learn More


Supplier Updates

2017 FAA Annual Conference & Trade Show Pricing and Deadlines Announced

Next year’s FAA Annual Conference and Trade Show will be here before you know it! To that end, we’re providing you with the information you need to make your exhibiting/sponsorship decision earlier than ever before.

Learn More

Product/Service Council Changes Go into Effect in January

Changes to enable all suppliers to Florida’s multifamily industry to be more engaged with FAA members will go into effect in January, 2017. The changes were approved by PSC members at a meeting in St. Augustine on May 5 and ratified by the FAA Board of Directors on May 6.

Members of the FAA Product/Service Council have approved a new structure that will expand opportunities for all suppliers as well as more effectively connect multifamily communities and management companies with their suppliers.

PSC past chairs and current officers met late last year and developed the plan that PSC members voted to approve May 5 at the Casa Monica Hotel. The vote was ratified by the FAA Board of Directors the following day.

Here are details of the plan, which goes into effect January 1, 2017:

  • The PSC membership fee will be eliminated.Any supplier who is a member of any FAA local affiliate will be part of the new Product/Service Council. The PSC will still have officers, and the chair of the PSC will continue to have a seat on the FAA Executive Committee.
  • Suppliers will have opportunities to "stand out" by serving in leadership roles on the council, on current and future FAA committees (including the Conference Committee, APAC Board of Directors, Leadership Lyceum Committee, Editorial Advisory Committee, and Government Affairs Committee), or as a liaison to a local affiliates.
  • Education programs, such as the May seminar with memory expert Paul Mellor, will be open to all suppliers who are members of any FAA local affiliate.
  • While in the past early exhibit booth sales were limited to PSC members, under the new plan booth purchase priority will be granted to exhibitors from the previous year's exhibition, as a show of appreciation for their continued support of the FAA’s Annual Conference & Trade Show. No discount on exhibit fees will be extended to PSC members.
  • A more robust and comprehensive supplier directory will replace the current PSC Buyers Guide, a guide that, in many cases, includes only one company under a specific category. Every supplier will be offered a "basic" listing with contact information in one category, and will have the opportunity to pay additional fees for an enhanced listing or for listings in more than one category. Revenue generated from the supplier directory will supplant the lost PSC membership dues revenue.

 

FAA PSC Buyers Guide Upcoming Events