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Susan Bailis Pie Baking Extravaganza!

Monday, August 28, 2017

Susan Bailis Assisted Living in Boston, MA held their annual pie baking contest and, as usual, the event was a great success!


Judges for the event were Danielson Tavares, Diversity Chief for the Mayor of Boston, Mayor Marty Walsh, Community Relations Officer Bernadette McCarthy and their resident judge, John Spofford (all judges pictured above). All pies had to be made from scratch and the Susan Bailis staff made 13 of them.


The honor of best pie baker at Susan Bailis went to Executive Director, Mariann Zenitz Jones for her delicious Key Lime Pie! Check out Mariann and Mayor Marty Walsh below!

 


 

 


Total Solar Eclipse Tips

Friday, August 18, 2017


 

This coming Monday, August 21st will be the first total solar eclipse to be visible in majority of North America in 38 years and everyone is abuzz about it! This event is a once in a lifetime experience, and a great opportunity to organize a casual event with your residents! Have some eclipse glasses available, put "Total Eclipse of the Heart" on loop and stand outside when the eclipse will be visible in your location!

A reminder of some safety tips, straight from NASA:

 

"NASA recommends that people who plan to view the eclipse should check the safety authenticity of viewing glasses to ensure they meet basic proper safety viewing standards.

Eclipse viewing glasses and handheld solar viewers should meet all the following criteria:

Have certification information with a designated ISO 12312-2 international standard

Have the manufacturer’s name and address printed somewhere on the product

Not be used if they are older than three years, or have scratched or wrinkled lenses

Not use homemade filters

Ordinary sunglasses -- even very dark ones -- should not be used as a replacement for eclipse viewing glasses or handheld solar viewers

An alternative method for safe viewing of the partially-eclipsed Sun is with a pinhole projector. With this method, sunlight streams through a small hole – such as a pencil hole in a piece of paper, or even the space between your fingers – onto a makeshift screen, such as a piece of paper or the ground. It’s important to only watch the screen, not the Sun. Never look at the Sun through the pinhole -- it is not safe."

SOURCE

And don't forget about your fur babies! Don't let your animals outside during the eclipse time frame on Monday unless you can strap some protective eye wear to them, because they could incur eye damage as well.

 

 

Have fun & be safe everyone!

 


Summerfield Townhouses Summer Bash 2017!

Wednesday, August 09, 2017

The stellar team at Summerfield Townhouses threw their annual summer bash for residents yesterday and had over 300 attendees throughout the day!

The event featured local food trucks, a DJ and amazing raffles including a 43" TV. For the kids attending they provided face painting, a video game truck and bouncy castles. Such an amazing party, thanks to the Summerfield team! Photos courtesy of CT Regional Manager, Heather.

 



Eye Care Essentials for Computer Users

Friday, August 04, 2017


If you spend hours each day working at a computer screen, you may suffer from eyestrain, blurred vision, itchy eyes, and occasional double vision.

The following steps can help to reduce your eye discomfort and fatigue:

  • Place the computer straight in front of you, not off to the side.
  • Place the screen at right angles to any windows to reduce glare.
  • Fix the screen angle to reduce reflections from overhead lights or desk lamps.
  • Use drapes, shades, or blinds to control window lighting and glare. Vertical or horizontal blinds will direct light away from you and the computer.
  • Keep the screen brightness the same or brighter than the brightness of other objects in the room.
  • Set your computer to show black characters on a white background.
  • Use a flexible copyholder to keep reference material at the same height and distance away from you as the computer screen. This does away with the need to change eye focus when looking from one to the other.
  • Use a filter that reduces glare to enhance screen contrast and increase character legibility. Use a computer hood that has 3 sides if glare continues to be a problem.
  • Wipe the screen often with an anti-static cloth.
  • Take rest breaks. Every 15 minutes or so, look up and focus on a distant object for about 2 minutes. Blinking frequently and using artificial tear eye drops to relieve dryness and irritation can also help.

Full article:

http://www.ahealthyme.com/Library/Wellness/AtWork/1,1404


Renters See Big Benefits in Renewing Leases Instead of Moving as Rents Continue to Skyrocket

Friday, July 21, 2017

 

SEATTLE, WA - Renewing a lease instead of moving to a new apartment can mean major savings for renters. Those who moved in the past year paid an average of $3,946 more in 2015 on rent than renters who stayed in the same unit for the past five or more years, according to a new Zillow analysis of 2015 rent data from the U.S. Census American Community Survey (the most recent data available).

While rents increased across the country, market rate rents – those that are advertised for new renters – increased more than rents did for tenants who renewed leases. The annual market rate increase in rent from 2014 to 2015 was 5.6 percent, compared to a 3.6 percent increase for renewed leases.

The U.S. faces a rental affordability crisis, as rents have skyrocketed in recent years, while incomes have remained largely flat. Zillow's research shows that when rents are rising rapidly, renters can save a good chunk of money by renewing a lease, rather than moving and starting a new one. Renters can use these savings for a down payment, which most renters say is the greatest barrier to buying a home.

There are 43 million renter households across the country, about 4 million more than there were five years ago. The majority of recent household formation happened on the renter side instead of the homeowner side, in part due to millennials reaching the age to move out but not having enough savings to buy a home. Young adults are also renting longer than ever before buying.

"Renters have a decision to make almost every year – do they stay in the same place, or should they look for a new unit?" said Zillow Chief Economist Dr. Svenja Gudell. "With the country in the middle of an affordability crisis, it's important for renters to understand how much they can save if they renew their lease instead of finding a new rental. Nationally, rental rates have slowed and the savings from renewing are not as significant for renters today. However, in some of the hottest rental markets, where rents are still rising aggressively, continually renewing a lease can mean saving thousands of dollars."

In Boston in particular, it paid off for renters to stay in the same place instead of moving every year. Boston renters saved up to 86 percent by staying in the same rental for five or more years, which translated to $8,979 in annual rent payments. They also faced the biggest difference between annual market rate rent increases – 10.5 percent – and rent increases for renewing – 4.3 percent.

Renters in Las Vegas had the smallest financial incentive to stay in the same unit. Renters who have lived in the same unit for five or more years paid on average $842 less per year than renters who moved the year before.

 

An article by MultiFamilyBiz:

http://www.multifamilybiz.com/News/7763/Renters_See_Big_Benefits_in_Renewing_Leases_Instea

July 11, 2017


 


A Mid Year Report Card, Is Your Property Achieving Its Goals?

Friday, July 07, 2017

An article written by Lori Hammond from Multifamily Insiders:

With the end of June, take this opportunity to review your property’s achievement or progress toward its goals. Explaining goals during team meetings gives each team member ownership and understanding of these objectives. Converting each objective into SMART goals gives a value every team member can measure.

  • What occupancy is needed to produce the budgeted rent revenue? What is the average occupancy for the first half of the year?
  • How do the year to date expenses compare to the budget?
  • How do occupancy and expenses compare to the property performance from a year ago?

With many organizations, success is not only measured in a comparison to budget, but also, it’s year over year expenses, same store sales.

The results of changes to revenue and expenses will determine the effect on NOI, Net Operating Income, for the property.

Has the Gross Rent Potential increased over the previous year? This would be achieved if the market rent has been increased. The impact of rent increases, is lessened by the existing leases on a property. Managing lease renewals will reflect in a decreasing trend in the rent dollars tracked in a loss to lease expense area. Failure to increase rents on renewals will decrease the rent revenue on a property.

image What change has affected the average or economic rent? Market rents can be increased, but if lease renewals do not result in increased rental rates or move in concessions are increased; the average rent will have decreased from the year before.

A property could easily report a higher occupancy, but collect less rent as a result of renewal or move in concessions.

The second category for the financial report card is an evaluation of expenses. Again, performance may be compared to budget, or previous year expenses. In most cases, apartment turnover strongly affects expenses. Establishing a goal for lease renewals, resident retention; not only creates growth in revenue, with increased rents but can decrease maintenance expenses with reduced turnover.

There are many cases where the number of occupied apartments, the occupancy percentage may exceed the previous year results, but the net operating income is less than the previous year. Understanding this dynamic is important to increase the value of the property.

Use of concessions, reduced rental rates and residents with unpaid balances all contribute to a perception of improved performance, when the actiual financial results show something much different.

Economic occupancy is calculated by dividing the rent income received by the number of occupied apartment homes. Focusing on this value shows the effect of concessions on revenue.

A property with 200 total apartment homes, an average market rent of $600 has a monthly gross rent potential of $120,000. If the property is fully occupied, all 200 apartment homes have signed leases; not preleases, or assigned apartments, but paying rent, keys in hand occupied apartments, with $113,893 for rental income, it reflects a 94.9% economic occupancy. This same result in revenue actually reflects an effective or economic rent of $569.

Its important for the leasing staff and the manager to understand this concept. In terms of leasing, a prospect needs to understand the economic value. In terms of property performance, a negative change in the effective rent may impact the cash flow of the property.

Using concessions may increase occupancy, but offering reduced rental rates has a long term impact on property performance. With the example described, this is an average of $31 per month per apartment; the annual impact-almost $75,000 in lost revenue.

Mid-year is a time to determine if property operations are contributing to progress for goals or how either the goals or operations should be adjusted for property success.


HallKeen's 2017 Summer Outing Award Winners! Congratulations!

Friday, June 23, 2017

Rookie of the Year
Christine Montique, Executive Director, Corcoran House
Fariba Carter, Property Manager, Palmetto Park
 
True Leader
Ally Chappell, Regional Manager
Michael Mahoney, Senior Resident Care Director, HK AL Region
 
Corporate Superstar
Lisa Zaccaria, HUD Regulatory Program Manager/Asst Training Coordinator, Norwood Office
Steve Hardy, Regional Facility Manager, Norwood Office
Ellen Coen, Property Accountant, Norwood Office
 
Unsung Hero
Diane Reynolds, Assistant Property Manager, Cefalo Memorial Complex
Trishia Brooks, Assistant Property Manager, Keen’s Crossing & Spinner Place
Stephanie Monteiro, Front Desk Manager, Susan Bailis
  
Noble Caregiver
Kathleen Hunt, RCA, Corcoran House
Leah Pierce, RSC, Danville House
 
Safety Star
On behalf of HK Properties
Laura Holmes, Senior HR Generalist, Norwood Office
 
Top Performers
Highlands on the East Side, Providence, RI
Danville House, Danville, VA
 
Special Acknowledgements
Jannel Satterwhite, Williamson, Corporate Community Relations Manager, Norwood Office
Pete Rodriguez, Maintenance Director, Summerfield Townhouses
Jesse Curll, Senior Asset Manager, Norwood Office

 


Barton Commons Grand Opening!

Friday, May 12, 2017

Barton Commons in New Milford, CT celebrated their Grand Opening event on May 3rd with representatives from the Department of Housing, CT Finance Housing Authority and Mayor David Gronbach of New Milford. It was a sunny, windy day, guests & residents were invited to tour the remaining 2 empty apartments as well as enjoy an ice cream treat from Ben & Jerry’s! The 38 unit affordable & market rate property will be 100% occupied on May 15th and has made a substantial addition to affordable housing in Litchfield County. You can read more about the project development and impact on the town in this article from the News Times: http://bit.ly/2q7RP98


 

 


Capitol Lofts Grand Opening

Monday, May 01, 2017

 

Capitol Lofts in Hartford, CT celebrated their Grand Opening event last week! This 112 mixed income property is adding affordable housing to the Frog Hollow neighborhood of Hartford and is almost 50% leased since it’s opening to the public in January. ...

There were over 100 people in attendance to tour the property
and hear the story of the property. Speakers included representatives from owner & developer Dakota Partners, the Capitol Region Development Agency, Department of Housing, Connecticut Housing Finance Agency and other partners on the project. Hartford Mayor Luke Bronin was in attendance as well who also spoke at the event. Congratulations, Capitol Lofts!

 

 


HallKeen Welcomes Burbank Gardens!

Friday, April 14, 2017

 

HallKeen Management is proud to announce and welcome a new property Burbank Gardens located in Boston, MA. Burbank Gardens is a 52 unit residential apartment building of mixed income housing located on Burbank Street in the heart of the Fenway. The property is comprised of Studio, one and two bedroom apartment homes. The property will be managed out of the HallKeen Management Office located at 70 Burbank Street and will be managed by the team led by Nicole Connelly. Edin Dzindo is the new maintenance technician and has been with the property for fifteen years. We are excited for Edin to be part of our HallKeen - Fenway Team. Welcome aboard Burbank Gardens!