Reply: For those of you who work on new construction lease-ups, what do you wish they did to help set accurate and effective rents?

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Kimberly Brown Hurd
Thanks everyone for your feedback and comments! I am thankful that our development team wants to learn what is important to us and work collaboratively to create better communities. KCG Residential is a developer, builder and manager of LIHTC communities and your comments and feedback are greatly appreciated! Many of these recommendations apply to all sectors of new development!
Posted 1 year 9 months ago
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Suzanne Thomson
a 12 month average occupancy and rental rates not a 1 time spot check. Mid-summer is not an indicator of average occupancy or rates.
Posted 1 year 9 months ago
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Kiara Lashae'
Parking, parking , parking
Posted 1 year 9 months ago
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Carol Ann Cordell
Please for the love of god do not create 125 different floor plans on a 200 unit property (or any size really)!!!!
Posted 1 year 9 months ago
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Greg Miller
Vicki Hurley Where I live, if you have multiple vehicles, you get one permit, then the other car has to go to the visitor parking.
Posted 1 year 9 months ago
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Vicki Hurley
I complete a 144 unit lease up in 7 months during Covid. After obtaining 100% occupancy we realized their was a serious parking issue. I think this is kind of common. Make the development team understand they just because the city says 1.5 per unit does not mean that’s adequate. Take in to account unit mix and the fact that even those living alone sometimes have more than 1 vehicle.
Posted 1 year 9 months ago