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October 12, 2023

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CAA NEWS

Preview 2024: Annual Apartment Industry Outlook Breakfast
CAA



CAA's Preview Breakfast is an annual forecast of the apartment industry provides owners and managers with valuable information on market trends for the upcoming year. This review provides owner and operator perspectives on both the city and suburban rental housing market, as well as other expert observations. This year's event will be held at the prestigious Union League Club of Chicago on Wednesday, Nov. 8.

Ryan James Boyle, Head Economist at Northern Trust, will present the economic outlook and Ron DeVries, Senior Managing Director at Integra Realty Resources — Chicago will provide a market update.

The Operations Panel will be moderated by Gina Fortune-Harmon, VP of Market Rate Management at The Habitat Company. Panelists include: Bryan Cagan, Director of Asset Management at Cagan Management Group, Inc.; Kaitlin McLearen, Area Vice President at AMLI Residential; Joseph Zecchin, Chief Operating Officer at TLC Management Co. and more!

The Owners Panel will be moderated by Collete English Dixon, Executive Director of the Marshall Bennett Institute of Real Estate at Roosevelt University. Panelists include: Sal Becovic, President of Becovic Management Group Inc.; Jeffrey Breaden, Executive Vice President at The Prime Group; Ark Latt, Chief Development Officer at Vista Property; and Leon I. Walker, Esq., Managing Partner of DL3 Realty, L.P.

Register Here

Thank you to our sponsors: ATI Restoration, LLC, Axion RMS, BluSky Restoration, CORT, CRG Residential, CSR Roofing Contractors, Inc., Elevate Sign Group, Harling, Inc. Masonry Restoration, Independent Recycling Services, Inc., Law Offices of David K. Barhydt, Ludwig And Company, PuroClean, Qwikkit, RMK Management Corp., Roto-Rooter, The Liberty Group, Titan Security Group, TLC Management Co., VTS (formerly Rise Buildings), and Western Verify

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CAMME 2024 Postponed
CAA
The CAA Executive Committee has made the difficult decision to postpone the CAMME Awards until Spring 2025. We understand what a disappointment this will be to many of our members and is not a decision that was made lightly. We want nothing more than to be able to honor and recognize the best of the best in the industry and have everyone come together for one very special evening.

As you have all no doubt experienced, pricing has increased across the board for all services, and we are forced to look at different ways to remain fiscally responsible while maintaining the integrity and glamour of CAMME. The last thing we want to do is raise prices on our attendees, so we need some time to work through an alternative format for the program. The CAMME Committee has been working through various scenarios and is on the right track. However, there were concerns about the ability to work through all the details in the necessary timeframe to host CAMME in 2024.

Therefore, we will take a year to pause and reset. CAMME will return in Spring 2025 refreshed and renewed. And we hope you will all remain as excited about it as you've always been.

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ONLINE TOOLS AVAILABLE WHEN YOU ARE
Promoted by Chicago Housing Authority
Did you know that CHA is one of the most technologically advanced housing authorities? From on-demand resources and quick search tools to ever-growing online portals, watch this video to learn how CHA makes the tools and data you need to manage your property available online 24/7! Watch Video

Trade Show Wrap-Up
CAA
Thank you to everyone who joined us on Tuesday, Oct. 10, for the 2023 CAA Trade Show & Education Conference. We'll be sending a survey soon and encourage you to provide your feedback so we can continue to grow this annual event in a way that suits everyone's needs. Special thanks to our amazing presenters, Virginia Love and Steve Matre. And of course, to our 118 exhibitors and event sponsors who make this event the success that it is. Photo Gallery will be uploaded here as soon as it's available. See you again in 2024!


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Nominate a Maintenance Legend
CAA
Nominate yourself or a colleague to be a Maintenance Legend! Now through April of 2024, three winners will be selected each month for their tales of going above and beyond for their rental housing communities. Submissions received from by 10/21 will be eligible for the October Legend Leaderboard, and this month's winners will each receive:
  • Tickets to the Game of Your Choice
    Mid-level tickets to the sporting event of the winner's choosing.
  • Round-Trip Airfare for Two
  • Hotel Stay for 2-3 Nights
    Dependent on sporting event selected.
  • Prepaid Gift Card
Prize package has a $5,000 limit per winner.

There will be two (2) judge's prize winners and one (1) public voting prize winner per entry period. Judging criteria and contest rules can be found here.


Submit a Legend

Webinar: Creating Consistency and Efficiency Out of Chaos
CAA
9:00 - 10:00 a.m. on Thursday, Nov. 2, 2023
Instructor: Jennifer Jackson, CAM, COS, MORS, NAAEI Faculty; Vice President of Operations at TLC Management

Do you ever feel like no matter how you try, your day gets away from you and you never seem to complete the tasks or projects that you have set out to do? This class will give you some tools that will help you organize your time and tasks. This, in turn, will help you become consistent and more efficient in completing your job responsibilities.

*Approved for 1 CEC towards NAA designations

 Learn More

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The third annual NAA Diversity, Equity and Inclusion Awareness Week kicks off Oct. 16-20 with more essential information on sustaining diversity, equity and inclusion (DE&I) policies in the workplace and beyond for you and your teams. Each day, you will be guided through virtual sessions that tie into the other lessons of the week, while you also learn communication tactics from other rental housing professionals.

Day 1 — The Taming of the Toxic Workplace Culture | Oct. 16, 2023
Day 2 — Beyond a Title Change: The True "Ask" of DE&I Leaders | Oct. 17, 2023
Day 3 — Expand Your Markets with Accessibility | Oct. 18, 2023
Day 4 — An Affiliate Framework for Diversity, Equity & Inclusion | Oct. 19, 2023
Day 5 — See My Story: Leading in Diversity, Equity and Inclusion through Accessibility, Authenticity and Vulnerability | Oct. 20, 023

Participate in one or all these educational sessions and share with your members.

Register Now

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NAA Net Promoter Score Survey
CAA
Your feedback matters! The National Apartment Association (NAA) has sent a second Net Promoter Score Survey out to all members asking you to rate your membership experience with your local association. The survey is very short, under three minutes, with an opportunity to provide valuable feedback! Here is the survey link: NAA (Survey 2) Local Apartment Association Member Feedback!

You will be asked to select your home association from a menu, please select Chicagoland Apartment Association. Your input will help us improve and provide you with an even better member experience! Thank you for being a valuable part of our community!

EDUCATION IN FOCUS

Education Calendar
CAA
Regional Manager Roundtable
12:00 p.m. - 1:00 p.m. Thursday, Nov. 16, 2023 — Virtual
Sponsored by: WithMe

Property Manager, Assistant Property Manager, and Leasing Roundtable
2:00 p.m. - 3:00 p.m. Thursday, Dec. 7, 2023 — Virtual
Sponsored by: Costello Sury & Rooney

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CAREER CENTER
Maintenance Technician
Brookfield, IL +1 Location
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Maintenance Technician I
Chicago, IL
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Maintenance Technician - 1st shift
Deerfield, IL +1 Location
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For a complete list of job postings, click here.

INDUSTRY NEWS

Chicago's Belden-Stratford Luxury Apartments Gets Centennial Facelift
Building Design + Construction
The Belden-Stratford, the iconic Beaux-Arts apartment property in Chicago's Lincoln Park neighborhood, has reopened its doors following a top-to-bottom renovation that blends the grandeur of the 100-year-old building's original architecture with lifestyle residences designed for today's renters. Read More

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Invest in DST Properties
Promoted by Kay Properties & Investments, LLC
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919 W. Fulton Scores Foundation Permit
Urbanize
After securing $233 million in construction financing recently, developers Fulton Street Cos. and JDL Development are wasting no time getting shovels in the ground for Chicago's newest office development at 919 W. Fulton. Read More

Landlords Say They'd Raise Rents If Transfer Tax Hike Occurs
The Real Deal
Chicago landlords are being up front and saying they'd move to raise rents if Mayor Brandon Johnson's proposed transfer tax increase passes into law. Read More

Office Conversions Surge
Commercial Property Executive
Office conversions this year are likely to more than double the recent annual average, with an estimated 100 such projects scheduled for delivery, according to a new report from CBRE. Read More

Marcus & Millichap Announces Sale of 12,100-Square-Foot Mixed-Use Building in Portage Park
REJournals
Marcus & Millichap announced the sale of 4161 N. Milwaukee, a 12,100-square-foot mixed-use property located in Chicago, Illinois. The asset sold for $1.8 million. The subject property, a 17-unit mixed-use building, is located at 4161 N. Milwaukee Avenue in Chicago, Illinois, in the Portage Park neighborhood. Read More

CAA In Focus
Chicagoland Apartment Association
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Sheila Kiley
Executive Editor, Multiview
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