Class Inc.

CLASS Is The Solution For Leasing And Training Needs!

  1. NEW CONSTRUCTION LEASE-UP

    RESULTS: CLASS A NEW CONSTRUCTION LEASE-UP PROPERTY OVERVIEW: The subject property is a class A, new construction lease-up located in northern Virginia. Ownership decided to bring CLASS onto the property before obtaining CO’s to focus on leasing and maximize the unit absorption rate. In the year prior to arrival, CLASS was also in regular contact with ownership in order to conduct extensive mark…Read More

  2. Change in Ownership and Management Negatively Affects Leasing

    RESULTS: CLASS B LEASE-UP Re: Ownership and Management Change PROPERTY OVERVIEW: The focus of this case study is a class B property with a total of 600 units. The property recently underwent an ownership and management change and was consequently struggling to maintain leasing velocity. Management was understandably overwhelmed with the logistical changes and leasing had fallen to the wayside as a…Read More

  3. Case Study, Spring 2014 Rehab Re-position Property

    PROPERTY OVERVIEW: The subject property is a class B high rise whose first 3 floors were renovated into high end luxury apartments.  These 60 rehab units were upgraded with top of the line finishes and priced well above the local market rate which created one of the more challenging lease-ups we have ever faced.  While the top un-renovated floors retained a minor vacancy problem, the on-site tea…Read More

  4. CLASS RESULTS: SUCCESSFUL REHAB DESPITE REPUTATION ISSUE

    PROPERTY OVERVIEW: The subject property was a class B community struggling with a reputation issue. To overcome this hurdle management began rehabbing the community, but the investment was not transferring to leasing activity. Well into the rehab, the property was sitting at an occupancy of just 63% and averaging only 12 leases per month. In addition, many of these leases ended up cancelling becau…Read More

  5. CLASS Results: 164% Increase in Leasing Activity

    PROPERTY OVERVIEW: The subject property was a student property struggling with high staff turnover and static leasing activity. With only a little over 2 months remaining before the school year began, the property was sitting at an occupancy of just 23%. From January to July the property had been preleasing at an average rate of 34 beds per month. The property consisted of 863 beds which leased at…Read More

  6. CLASS Results: 28% Occupancy Bump in 45 Days

       PROPERTY OVERVIEW: The subject property was a student property struggling with high staff turnover and static leasing activity. With an occupancy just shy of 50%, the property was 20 percentage points behind its competitors due in large part to the inconsistent office staff and high turnover. From January to July the property had been preleasing at an average rate of 45 beds per month. The pr…Read More

  7. CLASS Results: CLASS generates $150K in 30 days!

    PROPERTY OVERVIEW: The subject property was a luxury community newly constructed in the summer of 2013. From August 15th to January 15th the property had secured 57 approved leases. The monthly leasing velocity had plateaued at 13 leases/month. The property contained 200 units at an average rent of $1200/unit. RESULTS: CLASS was retained to increase the leasing velocity. Within the first 30 days…Read More

  8. CHANGE IN MANAGEMENT: CLASS A LEASE-UP BY KRISTI MCMILLIN

    RESULTS: CLASS A LEASE-UP PROPERTY OVERVIEW: The focus of this case study is a class A property with units totaling around 280. The property recently underwent a management change and was struggling to overcome a reputation objection. CLASS was brought in to increase the leasing activity while also stabilizing the leasing process in general. Prior to the arrival of CLASS, the property was leasing …Read More

  9. CLASS B CASE STUDY BY KRISTI MCMILLIN

    RESULTS: CLASS B LEASE-UP PROPERTY OVERVIEW: The focus of this case study is a class B property with units totaling around 130. The property was struggling to secure new leases and reach an occupancy of 90% . Having utilized CLASS’ services on other properties in the past, the owners brought in CLASS to increase the leasing activity. Prior to the arrival of CLASS, the property was leasing at an…Read More

  10. CLASS A SISTER PROPERTY LEASE-UP BY KRISTI MCMILLIN

    RESULTS: CLASS A LEASE-UP PROPERTY OVERVIEW: The focus of this case study is on two Class A sister properties with units totaling 444.   The properties were dealing with constant turnover while struggling to secure new leases. CLASS was brought in to help accelerate the leasing activity and mitigate the effects of deficient renewals. Prior to the arrival of CLASS, the property was leasing at an …Read More

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