Current Apartment Rental Trends: A Rising Construction Tide Floats Small Market Rents (and More)

Apartment rent is on the rise in some cities, but stagnating or even falling in others...and not necessarily where you'd expect. In fact, there are some major urban markets where rental growth is either slowing or rent has even dropped, while in some smaller markets rent is skyrocketing past huge cities known for the high-cost of living. Where will renters catch a break and where will rent break the bank? It boils down to construction delivery and how close those smaller cities are to their big city counterparts...

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Elizabeth Wheeler
Former Industrial Site Gets a Multi-Million Dollar Make-Over That Will Benefit Whole City of Muncie

The eastern corridor of Muncie stands to change dramatically from the early 1900s when it was owned by Indiana Steel and Wire. In 2015, it was purchased by Kitselman Pure Energy Park and the plans are underway to dramatically transform the property that has sat run-down and decrepit for many intervening years. The high price tag on the project will bring with it impressive improvements for the entire city; hopefully sparking further development by upgrading an area that was formerly down and out.

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Elizabeth Wheeler
Carmel, Indiana: Betting Big on Bonds and Managing Debt

Carmel, Indiana is a city north of Indianapolis that is home to an impressive performing arts center and maybe best-known as “land of the traffic roundabouts.” Carmel Mayor Jim Brainard is relying heavily on city bonds and betting that by going deeper in debt that the city will come out ahead in the end. Bonds have paved the way for major improvements already, so what is next for this city near the state capitol – or are they extending too far?

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Elizabeth Wheeler
A Look into Amazon's Acquisition of Whole Foods

The Amazon acquisition of Whole Foods is big for a lot of reasons: it could be a game-changer in the grocery industry, it's a smart play by Amazon, and Whole Foods needed the deal. Yet what does this massive merger mean beyond the grocery aisle – specifically for real estate investment? We looked into the big business deal on the block this week and how it might shake down for investors.

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Elizabeth Wheeler
The Factors Behind Rental Retention: What Keeps Residents Coming Back and What Can You Do About It?

There are different factors at work when it comes to resident retention. So what is it that determines who, where, and why leases get re-signed? We found some interesting data in this Forbes  article and boiled down the basics. Across the country, with more renters re-signing their leases instead of deciding the grass may be greener somewhere else, there are a lot of variables.

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The Millennial Impact on the Real Estate Market

Millennials are a demographic profiled for everything from their influence on current fashion trends to their effects on the workplace; however, understanding exactly how this group will impact the real estate market is still developing. Early on millennials seemed poised to become entrenched inhabitants in upscale urban apartments, but time is showing millennials may not be so different from older generations when it comes to housing trends.

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Barratt Asset Management In The Forefront of Innovation

Barratt Asset Management is the spotlight in Investor Management Services' latest case study. Learn more about the challenge that BAM overcame with the assistance of IMS Platform’s Waterfall Solution http://bit.ly/2tyJtHu

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Employee Spotlight: Tony Clark

June's employee spotlight shines on Tony Clark, the maintenance supervisor for Fox Brook Apartments and Walnut Manor Apartments in Muncie, Indiana! He has been a part of the #BAMFam for 2 & 1/2 years! Learn more about Tony in this week's blog: http://www.barrattassetmanagement.com/…/employeespolightjune #BAMFAM #BAMProud

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Marketing to Millennials and Gen Z sparks Opportunities

Millennials are proficient in technology, highly educated, they challenge boundaries, they have the ability to multi-task and refuse to be complacent. This nontraditional generation is followed close by Gen Z whose core values are not that much different than those in Generation Y. Whether a company is hiring or marketing to these powerful generations traditional tactics are no longer effective. These generations have not only grown with the tech industry but have inspired the tech industry. This relationship creates new opportunities for companies to expand their definitions of marketing and become more creative.

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Welcome to the #BAMFAM

Welcome to the #BAMFam Renee Spolarich! Renee is the Leasing Specialist for: Woods Edge ApartmentsWalnut Manor Apartments and Fox Brook Apartments in Muncie, Indiana. We are so glad to be adding such an incredible professional to our team. Learn more about the properties Renee services at: http://www.barrattassetmanagement.com/portfolio/

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Feature Property of the Month: Monon Station Apartments

Monon Station Apartments is a beautiful  community in the Broad Ripple Neighborhood in Indianapolis. This property completed it's renovations in early 2017. Learn more about Monon Station Apartments and other properties in the BAM Portfolio:  http://www.barrattassetmanagement.com/portfolio/

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Employee Spotlight: Matt Stump

I went to Anderson University and majored in Finance.  I have worked in public accounting for a few years and then moved on to the real estate world by working at Kite Realty Group and then RealAmerica Development. I love the energetic atmosphere here at BAM. It is one of the main things that drew me to the company.  I also love that we can all be informed and working towards a common goal to help the company operate and grow as efficiently as possible. 

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CRM

“Customer relationship management is a necessity, but many platforms fall short.”  The sheer wealth of choices in the CRM industry is a point of pain for many companies looking to start tracking their customer relationships.  “There are nearly as many relationship management strategies in this industry as there are real estate professionals.”  Several industry professionals have customized their own CRM systems by picking and choosing the aspects they like from several different sources.  DIY combinations of Microsoft OneNote and Google products has alleviated some of the stress associated with navigating the minefield of CRM. 

Check out the article to see how they do it.

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Elizabeth Wheeler
Reputation Management, Is It On Point?

One bad online review can undo all the good you’ve done.  Digital marketing strategy firm Convince & Convert insists that reputation management should be every company’s top marketing priority.  “What people say about your company online has become the single most important reflection of your company’s quality, reliability, and skill.”  Read on for tips on how to manage your company’s online reputation.

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