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.CAA NEWS
Preview 2021: Apartment Industry Outlook Virtual Series
Download the Event Flyer
Welcome/Economic Outlook
Oct 8, 2020: 12:00 - 1:00 p.m. CT James Glassman, Head Economist, JP Morgan Chase & Co.
Owners Panel
Oct 15, 2020: 12:00 - 1:00 p.m. CT Panel Moderator; Ryan Ori, Columnist, Chicago Tribune
Panelists:
David Bach, Managing Director, Hines
Jeff Brown, CEO & Co-CIO, T2 Capital Management, LLC
Robert Burk, Co-Founder and Managing Partner, UrbanStreet Group, LLC
Charlton Hamer, Senior Vice President of Habitat Affordable Group, The Habitat Company
Dan McCaffery, Chief Executive Officer, McCaffery Interests, Inc.
Tricia Van Horn, Vice President of Marketing and Communications, Related Midwest
Market Forecast
Oct 22, 2020: 12:00 - 1:00 p.m. CT Ron DeVries, MAI, FRICS, Integra Realty Resources — Chicago and Gail Lissner, CRE, SRA, Integra Realty Resources — Chicago
Purchase a preview ticket before Oct. 2 and be entered into our RAFFLE for a FREE APTvirtual ticket!! Register to attend here!
Last chance to sponsor! Sponsorship sales will close at 5 p.m. this Wednesday. Register Here.
Industry Sponsors
 
Supporting Sponsors
Bruno Construction Tuckpointing & Masonry, CRG Residential, Deering Commercial Mortgage, LLC, Evergreen Real Estate Group, Golub & Company LLC, Law Offices of David K. Barhydt, Ludwig And Company, Second Nature, Titan Security Group
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Chicago Eases Certain Business Restrictions
CAA
Yesterday, Mayor Lori Lightfoot, the Chicago Department of Public Health (CDPH) and the Department of Business Affairs and Consumer Protection (BACP), announced the easing of certain restrictions on businesses. Effective Thursday, Oct. 1, the maximum group size for health and fitness classes will increase from 10 to 15 people. However, limits on apartment guests remain at six guests per unit within City of Chicago and Cook County properties. For more information, register for a free webinar this week.
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SHAPE Illinois Update
CAA
The SHAPE Illinois Coalition remains focused on actively promoting affordable housing solutions, including state tax credits and rental assistance. Meanwhile, advocates are pushing their rent control and cancellation efforts. Looking ahead, state legislators plan to meet for the annual "Veto Session" (Nov. 17-19 & Dec. 1-3). We will be meeting with lawmakers this fall and winter to reiterate the negative and unintended consequences of a potential push for rent control. Participation in meetings by CAA members and SHAPE coalition partners who live or conduct business within the legislators' district boundaries will be an effective way to underscore the impact of their policy consideration. If you'd like to schedule a meeting with your state legislators to discuss rent control, please reach out to tom@shapeillinois.com.
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Attract residents by delivering the lightning-fast Internet they need, the entertainment experience they want and the flexible control they’ll love.
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A Message From City of Chicago to Apartment Managers About the Census
CAA
The Decennial Census is one of the most important civic exercises in our nation. Among other things, it determines our representation in Congress and how important government funding is distributed. This includes funding for schools, transportation, health care and public safety. Getting an accurate count is critical. Over the next few days, the city of Chicago is doing an all-out "push" to increase Census numbers. Areas with large residential buildings — be they rental or condominium/co-ops — are showing an undercount. That is due in part to diligent doormen and security personnel prohibiting census enumerators from entering. The city asks that: 1) please share this link https://my2020census.gov/ with your residents and ask them to be sure to complete their census form; and 2) please allow enumerators to enter the building — perhaps the doormen can call the units that have not responded and alert them that census takers are on location. We appreciate your support in making sure that our city has the most accurate count!
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 The Department of Buildings would like to share the following industry-related virtual training opportunities scheduled for next month. Details and links to registration are included in the summaries below.
Transition to New Chicago Construction Codes (October 15, 2020, 8:30 a.m. - 5:30 p.m.)
For those who still have questions on the transition to the Chicago's New Construction Code, effective Aug. 1, this is a full-day training program geared towards architects, engineers, and expediters. Deputy Commissioners Grant Ullrich and Hal Hutchinson will provide an overview of key aspects of the new Chicago Construction Codes for both new construction and building rehabilitation work. This program is offered in partnership with the International Code Council and is a repeat of a similar program offered on July 24, 2020. Registration includes a print copy of the 3-volume Chicago Plan Review Manual ($200 + shipping). Registration details here.
Get Ready for Electric Vehicles, Chicago (October 8, 2020, 1:00 p.m. - 2:30 p.m.)
A new requirement that certain new buildings in the City of Chicago be designed with parking spaces that are ready for installation of charging equipment for electric vehicles (EVs) takes effect Nov. 1, 2020. Learn more about this requirement and general information about electric vehicles in a free webinar offered by the University of Illinois' Smart Energy Design Assistance Center. Registration details here.
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CAA Golf Outing Recap
CAA
Another successful golf outing in the books! Thank you to everyone who came out in support of the association. We lucked out with wonderful weather, and the joy felt by everyone in attendance at just being able to see one another was awesome!
We are excited to announce the winners of our prize holes, foursome and 50/50 Split the Pot Raffle.
Longest Drive (Women): Nicki Harpelund, Scandinavian Builders
Longest Drive (Men): Joshua Fizer, ATI Restoration
Longest Putt: Cal McCarty, ServiceMaster DSI
Winning Foursome: Lori Casey Rodriguez, Mesirow Financial; Scott Hume, National Credit Systems; Adam Martin, National Credit Systems; John Steward, National Credit Systems -14
Click here to see all the foursome scoring.
And the winner of the 50/50 Split the Pot cash prize (half of the proceeds will go to Move for Hunger): Jim Sincavitch, Moment, Golub
Congratulations to all the winners! And a special thank you to our generous sponsors. We could not have done this without them! See you all in 2021!
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Regional Manager Roundtable
CAA
Being a Regional Manager these days is more difficult than ever. Would you benefit from sharing your concerns and challenges with your peers? If so, join us for a free virtual session on Friday, Oct. 23, from 12-1 p.m. for the opportunity to connect. Register here
Audience: CAA Members in a multi-site manager or corporate management role only
Sponsored by:
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Open Door Savings Program for CAA Members — The Home Depot Pro
CAA
Your CAA membership unlocks savings with The Home Depot Pro. Members can earn cash back up to 2% annually when they enroll in the free Pro Xtra Loyalty Program. As a Pro, you have access to dedicated resources, including in-store support, that can work with you directly on your projects to ensure you get the right supplies at the best price. Your Pro Xtra account also gives you additional discounts and savings sent right to your inbox. Saving is simple, start earning cash back today!
Be sure to use CAA agreement code HDNAA-CHI to track purchases toward an annual rebate*.
For more information on Pro Xtra visit www.homedepot.com/c/Pro_Xtra. *Minimum annual spend to receive the 2% rebate is $25,000.
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.INDUSTRY NEWS
National Apartment Association Joins Lawsuit Challenging CDC National Eviction Moratorium
Forbes
The National Apartment Association recently announced that it is taking legal action against the Centers for Disease Control and Prevention for its nationwide eviction moratorium, joining the New Civil Liberties Alliance in its lawsuit challenging the legality of the federal agency's order. The NAA reiterated its argument that federal agencies do not have powers to waive state laws and that the CDC has encroached on private property rights with no legal authority.
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Perlmark Moves Forward on Building Affordable Senior Housing
Affordable Housing Finance
Developers have closed on the financing and site work is underway on a 74-unit affordable senior housing development in Mount Prospect, Illinois.
Kenzie Senior Residences by Perlmark Housing Group will feature 60 one- and 14 two-bedroom apartments for individuals 55 and older. The 617- to 900-square-foot units have rents ranging from $400 to $1,083 per month.
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Downtown Renters Begin to Flee to Less Dense Locations
RE Journals
This time last year, the Chicago CBD was brimming with new multifamily developments. There simply wasn't enough supply to satiate the demand of renters who wanted to live downtown. A lot has changed in the past year, however, and the rental market in the Loop and surrounding neighborhoods is up against the ropes.
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Property Next to Lincoln Yards Goes Back on the Market
Crian's Chicago Business
A Chicago nonprofit is trying a second time to cash out on its North Side property, hoping to find a buyer that wants to ride the coattails of the planned Lincoln Yards megaproject along the North Branch of the Chicago River.
In an offering that will test investor appetite for North Side redevelopment projects amid the COVID-19 pandemic, Anixter Center is shopping its 140,000-square-foot former Lincoln Park headquarters building at 2032 N. Clybourn Ave., the organization announced.
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Clayton Apartments Sell for Over $70M in One of the Biggest Deals of the Year
KSDK-TV
A 229-unit multifamily development in Clayton has sold to an out-of-town buyer in one of the region's largest apartment transactions in 2020.
The Barton apartments, at 8500 Maryland Ave., traded for more than $70 million, real estate sources told the Business Journal.
CBRE Vice Chairman Matt Bukhshtaber represented the seller, Chicago-based Covington Realty Partners. Bukhshtaber could not be reached for comment, though a CBRE spokesperson declined to comment on the deal.
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7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
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On Sept. 1, President Donald Trump signed an executive order to allow the Center for Disease Control (CDC) to enforce 
