Case Studies
At CLASS Inc, we don’t just pay lip service to what we can accomplish for apartment owners and managers. We show you through case studies! We dedicate a whole section of our website to real-life cases where we’ve helped individuals lease up quickly, improve occupancy rates, increase leasing activity, rehab properties that have struggled with reputation issues, and much more. Take a look at our case studies page for our full list. Then, get in touch with us to learn how CLASS can help you with your rental properties. We are experts in vacancy solutions, and we’ll make sure we do everything in our power to increase your rental property earnings. Ready to get started? Contact us today!
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…
Read MoreRESULTS: 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…
Read MorePROPERTY 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…
Read MorePROPERTY 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…
Read MorePROPERTY 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…
Read MorePROPERTY 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…
Read MorePROPERTY 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…
Read MoreRESULTS: 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…
Read MoreRESULTS: 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…
Read MoreRESULTS: 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…
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