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CAA
Registration is in full swing for our annual golf outing at Cog Hill Golf and Country Club. Join nearly 300 industry colleagues on Tuesday, July 23 for a full day of golf and summer fun. In between playing through 18 holes on this amazing course, enjoy a grilled halfway house lunch, raffle prize drawings, and a cocktail reception in our private tented pavilion. This one will sell out, so secure your spot online only here.
CAA
Join CAAPAC and apartment industry professionals for cocktails and conversation with a local legislator. As the apartment industry continues to face legislative and regulatory challenges at the local and state levels, now is a better time than ever to support our political action committee. The individual cost to attend is $75. Sponsorships available.
REGISTER HERE: https://www.caapts.org/events/caapac-reception
Paid for by Chicagoland Apartment Association Political Action Committee. A copy of our report filed with the State Board of Elections is (or will be) available on the Board's official website (www.elections.il.gov) or for purchase from the State Board of Elections, Springfield, Illinois.
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CAA
Join CAA and IREM as we team up at Wrigley Rooftops on Tuesday, Sept. 17, for a Cubs vs. Reds night game. Tickets are limited and there are still sponsorship opportunities available. Thanks to Able Services, Titan Security Group, Valet Living and Community Investment Corporation for their generous support. Click here to register and secure your spot before this one sells out!
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CAA
CAA has a few discounted tickets remaining for purchase by our members only. If you are interested, contact Andrea at andrea@caapts.org or call 312-207-1890 x5
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CAA
SHAPE Illinois is also pleased to report that over $200 million of funding for affordable housing grants, loans, and investments was included in the $45 billion capital budget.
Due to the effectiveness of the SHAPE Illinois efforts, all five rent control-related bills introduced in Springfield failed to advance out of committee. Thank you for your efforts!
CAA
Over 100 pieces of legislation were introduced during this session which impacted CAA members. CAA was successful on measures including emotional support animals, sealed eviction records, rent control, affordable housing during a "historic" legislative session in Springfield. To learn more, see our CAA Bill Tracker and email tom@caapts.org to subscribe to our Legislative Updates.
CAA
CAA Executive Vice President Mike Mini testified in opposition of the “Fair Work Week” Ordinance at a Committee on Workforce Development hearing on Monday. Click here to review CAA’s testimony regarding the ordinance, which among many of the ordinance’s shortcomings, would require property owners to publish employee schedules with two-weeks’ notice and face fines for revising an employee’s schedule in emergency situations or otherwise. Consider writing your member of City Council regarding this ordinance.
Only 5 days of training!
September 10-12 and October 9-10, 2019
Instructor: Mary Herrold
Increase your effectiveness by enhancing your knowledge of the multifamily industry. The CAM curriculum is designed to maximize the experience of the on-site professional and clear a path for growth and recognition. Your enrollment will enhance and advance your own career by demonstrating your commitment to education and higher standards of excellence.
Modules
Industry Essentials Marketing
Human Resources Legal Responsibilities
Risk Management The Resident Experience
Property Maintenance Financial Management
Learn More/Register Here
Lease Like A Pro 101 (4 Seats Left)
Thursday, August 15th, 2019
Instructor: Donna Hickey, MBA
Learn More/Register Here
Maintenance Mania Education Conference and Competition
Save the Date - Wednesday, November 13, 2019
Learn More
Lease Like A Pro 101 in Rolling Meadows
Thursday, November 21, 2019
Instructor: Donna Hickey, MBA
Learn More /Register Here
Want to share your message with a class?
Lunch sponsorships for CAM are available! Provide lunch for students and you will have a few minutes to speak. You can bring giveaways and stick around to get to know everyone over lunch. For more information, contact alana@caapts.org.
Congratulations to the following individuals who have earned a credential from the National Apartment Association Education Institute (NAAEI).
Certified Apartment Manager (CAM)
Ashley Hamilton - Reside Living, LLC
Logan Johnson - Axiom Properties, Inc.
Certificate for Apartment Maintenance Technicians (CAMT)
Charles Broom - Draper and Kramer, Incorporated
Gintautas Rakita - Marquette Management, Inc.
Hedson Rodriguez - RMK Management Corp.
Kevin Villont - JVM Realty Corporation
Crain's Chicago Business
The owner of McClurg Court, the second-largest apartment complex in downtown Chicago, is seeking a buyer for the Streeterville property with a simple pitch; It’s an affordable rental option in a market crowded with new high-end buildings. The manager of the Multi-Employer Property Trust has hired Chicago brokerage Moran to sell the 1,061-unit property at 333 E. Ontario St.
READ MORE
RE Journals
Lodge Financial recently closed $2.56 million in loans for two Chicago properties. The buildings are both multifamily properties, one in the North Side neighborhood of West Ridge and the other on the South Side in Bronzeville.
In the first transaction, Lodge secured a $1.42 million acquisition loan for a 12-unit multifamily building in the city’s West Ridge neighborhood.
READ MORE
REBusinessOnline
Waterton has received a $171.2 million loan for the refinancing of North Harbor Tower in Chicago’s Lakeshore East neighborhood. The 600-unit apartment building is located at 175 N. Harbor Drive adjacent to the six-acre Lakeshore East Park. Originally constructed in 1988, the 55-story tower comprises a mix of floor plans averaging 958 square feet. Community amenities include an indoor swimming pool, outdoor sundeck, 24-hour fitness center, party room and library.
READ MORE
By Bambi Majumdar
CBRE recently reported that massive shifts in the food and beverage industry will impact the real estate market in a big way. Millennial consumers are pushing for prepared food and ready-made, convenient meals that they can pick off the shelves.
U.S. restaurants and grocery operators are reinventing themselves to meet these new demands. The real estate these businesses occupy will be revisited as well.
READ MORE
Multihousing Pro
Holliday Fenoglio Fowler, L.P. announces that it has arranged $171.2 million in financing for North Harbor Tower, a 600-unit, high-rise apartment building in Chicago’s Lakeshore East neighborhood.
HFF worked on behalf of the borrower, Waterton, to secure the seven-year, fixed-rate loan through Freddie Mac’s Green Advantage program. The loan will be serviced by HFF, a Freddie Mac Optigo℠ lender for Conventional Loans.
READ MORE
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50 Minthorn Blvd.Suite 800, Thornhill, Ontario L3T 7X8
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