Rehab, Lease-Up & Stabilization


The Challenge

arrow10 Buildings across 4 sites from East to West side Detroit



arrow65% physical occupancy at take over



arrowUnfinished rehab project on 6 buildings in portfolio



arrowOne building completely shut down for 3 years



arrowOver $300k in past A/P to resolve 



arrowMust transition existing residents to paying for their own utilities to become profitable


The Solutions

w chigcago

arrowImplemented effective marketing plan, complemented with effective leasing staff and practices



arrowCreated community with ongoing calendar of events, newsletters, and use of 'community advocates'



arrowRe-commisioned vacant buildings with mini-rehab



arrowTransitioned to tenant paid utilities



arrowNegotiated deep discounts on pay-offs for past A/P

The Results

arrowAchieved 99% occupancy in 5 months!




arrowHave averaged monthly collections of $95k on a gross rent potential of $105k since stabilization in Jan '10




arrowTransitioned all residents to pay for their own utilities over 6 month period enhancing monthly NOI by $15k 




arrowTook portfolio from a negative NOI to approx $400k annual NOI


Contact Us Today to Maximize your Investments!