Landmarks 2003: the National Apartment Association, a year in review.Dear Members, Thank you for allowing me to serve as your President this year. During 2003 the National Apartment Association has continued to elevate el·e·vate tr.v. ele·vat·ed, ele·vat·ing, ele·vates 1. To move (something) to a higher place or position from a lower one; lift. 2. To increase the amplitude, intensity, or volume of. 3. the level of service and commitment to those employed and served by the apartment industry. Since 1991, NAA NAA Nomina Anatomica Avium. and National Multi Housing Council have effectively spoken with one voice in Washington, D.C., through the NAA/NMHC Joint Legislative Program. One of my goals this year was to renegotiate re·ne·go·ti·ate tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates 1. To negotiate anew. 2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. NAA's agreement with NMHC NMHC National Multi Housing Council NMHC Non-Methane Hydrocarbons NMHC National Modular Housing Council and create an even closer working relationship between the two organizations. I'm pleased to report that the NAA/NMHC Joint Legislative Program has been extended through 2006. In addition, NAA and NMHC are sharing more information and our staffs are working more closely together. Our already successful partnership is on track to become even more valuable to NAA and NMHC members. We have embarked on a new venture, a comprehensive program that addresses the critical challenge facing the apartment industry's employee recruitment, training and retention needs. This venture, NAA University, will operate as a "virtual" recruitment and training center. NAA University will partner with NAA state and local affiliates, universities offering residential property management programs, community colleges, career and technical schools, high schools, larger member companies and any other organizations or foundations that will enable us to deliver recruitment services and career learning opportunities. We have begun the process of determining who might be interested in supporting this venture and designing a business plan for NAA University. As we proceed, you'll receive more frequent communication on this exciting and revolutionary project. The 2003 Education Conference & Exposition in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded was a huge success. Those who attended the conference and expo gave this conference the highest ratings NAA has ever achieved. Attendees found the speakers interesting, topics timely and the exposition the most comprehensive in the industry. We look forward to seeing all of yon in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. next year, June 24-26, 2004. Our Strategic Growth Initiative continues to be very successful in creating new affiliates and delivering programs in states where NAA has not had a presence, as well as in states where NAA and its member companies have been under represented. I am very excited that we have a new affiliate on the West Coast with the granting of a charter to the metro Seattle, Wash., area. We also have welcomed affiliates in Rochester, N.Y., Pensacola, Fla., and Pittsburgh, Pa., and it is very likely that Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , and Memphis, Tenn., will join the NAA federation before year end. Continued membership growth is key to the future success of NAA, its state and local affiliates. Also key is your involvement at your local, state and national association. Your commitment and leadership will ensure that the apartment industry's voice continues to be heard in your state capitol and in Washington, D.C., and that apartment industry employees continue to have access to high-quality, affordable training programs. Together we will continue to make a difference. Sincerely, Thomas K. Shelton, CAPS, CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. 2003 NAA President 2003 Board of Directors Officers Tom Shelton, CAPS, CPM, President Deane Dolben, President-Elect Tom Day, CAPS, Vice President Joe Sharp, CAPS, Treasurer Suzanne Lovelace, NALP NALP National Association for Law Placement (Washington, DC) NALP National Apartment Leasing Professional NALP National Action Learning Programme (Ireland) , CAM, Secretary Scott Gardner Scott Gardner (born April 1 1988) is a young English footballer who was born in Luxembourg and despite being a natural right winger[1], plays as a right back for Leeds United. He has played for the England national team at Under-16 and 17 age groups. , CAPS, CPM, Past President Regional Vice Presidents Fred Quercetti RAM, Region I Bill Wollinger, Region II Howard Campbell, CPM, Region III Anna Swann, CPM, Region IV Naomi Simpson, CAM, CAPS, Region IV Jerry Molique, CAPS, Region V Ron Shelton, CAPS, Region VI Gary Blumberg, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , CAPS, Region VI Brad Williams
Brad Andrew Williams (born 20 November 1974 in Frankston, Victoria) is an Australian cricketer. , CPM, Region VI Ken McElroy ''This article or section is being rewritten at Ken Rex McElroy (June 1, 1934 – July 10, 1981), dubbed the town bully, was gunned down on the main street of Skidmore, Missouri while 45 residents watched but no one was ever prosecuted for the crime. , Region VII Mary Wessler, Region VIII Gary Cherry, Region IX Marc Rosenwasser, Region 1X Board Members at Large Stacey Hunt Bruce Lavine Committees, Councils & Task Forces Larry Bellack, CAS--NSC Phil Carlock, CAPS, CPM--Nominating Phil Carlock, CAPS, CPM--Past Presidents Deane Dolben--National Issues Ron Gjerde--NAA Lyceum Lyceum, gymnasium near ancient Athens Lyceum (līsē`əm), gymnasium near ancient Athens. There Aristotle taught; hence the extension of the term lyceum to Aristotle's school of philosophers, the Peripatetics. Jim Hepfner, CAPS, CPM--BODF Hap Hunnicutt, CAPS--NAA PAC Rob Johnston, CAPS, CPM--Industry Issues John McDermott John McDermott may refer to:
n. 1. One who is expert in parliamentary procedures, rules, or debate. 2. A member of a parliament. 3. Mike McDougal, CPA--Legislative Linda Page, CPM, ARM Communications Matt Perrin--State and Local Issues Cheryl Pucci--Education Judy Roettig--AEC President Jack Terrillion--IROC Michael Tompkins Michael Tompkins (born in 1960 in Iowa) is an expert in Chinese martial arts. He is most recognized for his Choy Lay Fut style of Kung Fu. He is also proficient in Bak Mei, Tibetan White Crane, Hung Gar, Chinese weapons and Lion dance. CPM, CCIM--Membership Jerry Warshaw, CAPS, CPM--Strategic Growth Dave Watkins--2003 Conference Mary Wessler--Member Relations Bill Wollinger--2004 Conference STRATEGIC GROWTH INITIATIVE CONTINUES TO BUILD MEMBERSHIP The Strategic Growth Initiative, the original creation of 2001 NAA President, Phil Carlock, CAPS, CPM, originally was created as a long-term commitment to help establish NAA's presence in areas of the country where NAA affiliates did not exist. It also set out to expand NAA's presence in states where NAA's presence was not as strong as it could be. The first year of the initiative program was spent establishing the structures for a successful growth campaign and implementing the effective elements of the program. NAA's 2003 President, Tom Shelton, CAPS, CPM, was instrumental in continuing the Strategic Growth effort this year, particularly in Seattle, Wash.; Pittsburgh, Pa.; Rochester. N.Y.; and Pensacola, Fla.; where four new affiliates were founded. In less than three years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Strategic Growth Initiative has fostered the inception of 16 new affiliated apartment associations and added six new states to NAA's membership base. These associations represent more than 777 new members and 113,363 units, bringing NAA's total membership to 29,500 members, representing 4.89 million units. NAA would like to especially thank and recognize the sponsors of this program--Apartment Finder, Apartment Guide, For Rent and RealPage Inc.--for their financial and professional support given toward this ongoing project. As a result of our success over the past two years, the Strategic Growth sponsors continued with their commitment of time and sponsorship in 2003. The Strategic Growth Initiative has fostered the inception of 16 new affiliated apartment associations and has added six new states to NAA's membership base. These associations represent more than 777 new members and 113,363 units. These associations have joined NAA as a result of the Strategic Growth Initiative. ALABAMA Birmingham Apartment Association Montgomery Apartment Association ALASKA Alaska Property Owners Association ARKANSAS Northwest Arkansas Apartment Association CONNECTICUT Connecticut Apartment Association FLORIDA Emerald Coast For the area of Mexico's Gulf Coast, see Costa Esmeralda. The Emerald Coast (part of the area that is sometimes referred to as the Redneck Riviera) is an area in the US state of Florida on the coast of the Gulf of Mexico, roughly bounded by Pensacola, Florida on the Apartment Association of NW Florida MICHIGAN Detroit Metropolitan Apartment Association NEBRASKA Apartment Association of Greater Omaha NEW HAMPSHIRE New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). New Hampshire Multi-Family Housing Association NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Apartment Association of Greater Rochester Apartment Council of Western New York
Western New York refers to the westernmost region of New York State. PENNSYLVANIA Western Pennsylvania Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area of about 2.4 million people, and is the cultural center for Western Pennsylvania. Apartment Association SOUTH DAKOTA South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). Black Hills Area Multi-Housing Association VIRGINIA Fredericksburg Area Multihousing Association WASHINGTON Washington Multifamily Housing Association WISCONSIN Wausau Area Apartment Association NAA LEASE PROGRAM GROWS IN COVERAGE AND AVAILABILITY NAA and Blue Moon Software, Austin, Texas, have created an easy-to-use lease program that enables lease forms to be filled out directly from a computer. The software produces complete, accurate lease packages in minutes and quickly generates and tracks lease renewals and pre-leases on a unit-by unit basis--just to name a few of the lease program's valuable functions. The software, which as of October 2003 is available for use in 30 states, provides a reminder prompt when a pre-lease becomes current. A list of states where the lease program is available appears below and as states are added, an updated list appears at www.naahq.org. The Web site also gives details about the cost and ordering the software. Information on the lease software is available at www.bluemoon.com. The NAA Lease Is Available In These 30 States Arizona Arkansas California Colorado Delaware Florida Georgia Illinois Indiana Kansas Kentucky Massachusetts Maryland Minnesota Michigan Mississippi Missouri New Jersey New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). Nevada North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Ohio Oregon Pennsylvania South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. Texas Tennessee Virginia Washington Wisconsin NAA Lease Forms & Addenda * Apartment Lease * All-In-One Utility Addendum addendum n. an addition to a completed written document. Most commonly this is a proposed change or explanation (such as a list of goods to be included) in a contract, or some point that has been subject of negotiation after the contract was originally proposed by * Animal Addendum * Asbestos Addendum * Early Termination Addendum * Enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. Garage, Carport CARPORT Cardiology A clinical trial–Coronary Artery Restenosis Prevention on Repeated Thromboxane-Antagonism Study that evaluated thromboxane A2-receptor blockade in preventing restenosis after PCTA in Pts with CAD. , Storage Unit Addendum * Inventory & Condition Form * Lead Hazard * Lease Addendum for Card Access Gates * Lease Addendum for Code Access Gates * Lease Addendum for Intrusion Alarms * Lease Contract Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. * Mold Addendum * Rental Application * Satellite Dish satellite dish n. A dish antenna used to receive and transmit signals relayed by satellite. satellite dish A parabolic antenna used to receive signals relayed by satellite. and Antenna Addendum * Supplemental Rental Application for Non-U.S. Citizens NAA WEB SITE INTRODUCES ENHANCEMENTS In 2003 NAA continued to improve its Web site to greatly enhance its value to the members. Daily updates are designed to keep all NAA members and affiliates on top of any issue affecting NAA or the industry. In 2003, www.naahq.org had approximately 110,000 page views per month, or 1.32 million page views for the year. More than 117,000 unique users visited the site in 2003. The NAA Regional Pages were introduced in mid-2003 to provide affiliates a place to promote their meetings, education opportunities and other events to the members in their regions. The regional pages feature easy-to-follow maps which allow members and prospective members to easily find the NAA affiliate which serves their area. Here, they can also see who represents their region on the NAA Board of Directors and view the Executive Directors for all affiliates. There also is a frequently asked questions page for each region. Content is added to these pages daily. Another exciting addition in 2003 is the searchable National Accessible Apartment Clearinghouse (NAAC NAAC National Assessment and Accreditation Council (India) NAAC National Albanian American Council NAAC National Accessible Apartment Clearinghouse NAAC National Association of Agricultural Contractors (UK) ) database. This feature allows those in need of quality handicap accessible housing to search the NAAC database online for housing in their area. Users can search by city, state or ZIP code zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. . Searches can be extended to various mileage radii ra·di·i n. A plural of radius. radii Noun a plural of radius . Results list all handicap accessible feature's of the individual apartment units, as well as community features, such as the distance to public transportation. The Web site also offers affiliates a chance to participate in a listserv, designed to allow them to discuss electronically key industry topics and issues, ask each other questions and share ideas. Improvements were made on the organization of economic data and on registering online for booths at the Education Conference. And, the NAA Career Center, powered by ApartmentCareers.com, is a great resource for employers and those looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a job. It is easy to post resumes and job descriptions. The service is free to all job seekers job seeker also job·seek·er n. One who seeks employment. and is a cost-effective way for employers to recruit. UNITS MAGAZINE KEEPS MEMBERS INFORMED UNITS magazine, the foremost magazine in the multifamily housing industry with a readership of more than 100,000 multifamily housing professionals, provides members and subscribers with news from the multifamily housing industry; keeps members informed of NAA news and events; serves as a forum for members and subscribers; and acts as a marketplace of industry goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . UNITS provides an excellent resource for members of the industry to learn about the issues and topics that affect them and their daily course of business. During the past year, UNITS increased its range and depth of topics by expanding its coverage of development and financial issues. In April, UNITS featured an in-depth report on terrorism insurance Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. It is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very . In June, it looked at the Rental over Retail phenomenon. In September, it published for the first time the summary of NAA's annual Survey of Income and Expenses in Rental Apartment Communities, as well as tables and charts reflecting national data. In 2004, the complete survey will be included in the September issue along with a CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). of regional and local data. In 2003, UNITS advertising sales exceeded $1 million. In 2004, UNITS will embark on a 12-time publishing cycle, an increase over the current nine-time schedule. NAA makes sure that members are informed of all sides of an issue-what they should know as industry professionals, as well as what residents need to know. In 2003, UNITS received its first BPA BPA British Paediatric Association. Audit, which certifies circulation figures. This audit is something many advertisers require. Also, UNITS will have its first Harvey Ad-Q readership survey, which will help UNITS editorial staff and advertisers learn what is valuable to readers. The audit and survey are scheduled to be conducted again in 2004. SURVEY OF INCOME AND EXPENSES PROVIDES VALUABLE INFORMATION NAA's Survey of Income and Expenses in Rental Apartment Communities is published annually and provides the nation's apartment management firms, builders, owners, financiers and vendors with the financial information needed to conduct their daily operations and can be used as a tool to support their strategic and business planning. The survey contains data from market-rate properties and subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. properties. Data is summarized at the national, regional and metropolitan levels. In 2003 (data for 2002), the survey contained data from 814,632 units, representing 3,644 properties, and detailed data summarized for six geographic regions and 76 metropolitan areas with at least 10 properties reporting. Respondents reported a slight further easing in the health of the rental apartment market last year, based on their Net Operating Income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. (NOI NOI Net Operating Income NOI Notice of Intent NOI Nation of Islam NOI Notice of Inquiry NOI Neuro Orthopaedic Institute NOI New Organizing Institute NOI Notice of Interest NOI No Offense Intended NOI National Olympiad in Informatics ). NOI averaged 56.7 percent of Gross Potential Rent (GPR (Ground Penetrating Radar) A UWB-based technology that locates objects buried underground. It is used to locate buried lines, storage tanks, pipes and conduits as well as to determine the structural integrity of the ground underneath a road or runway. ) compared to 57.8 percent in the 2002 survey. A sluggish national economy helped produce a rise in economic vacancies from 11.39 percent in this year's survey vs. 9.69 percent a year ago. Revenue losses rose to 11.4 percent of GPR from 9.5 percent in the 2002 survey. Overall, rental apartment management firms continued to control operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. last year. Total operating expenses in the survey averaged $3,273 per unit ($3.75 per square foot) up only .25 percent from the prior year. Surveys are available in CD-ROM and single-market data sheets. Both may be purchased through the NAA Bookstore or online at www.naahq.org. ASSOCIATION EXECUTIVES COUNCIL PROMOTES PROFESSIONALISM The Association Executives Council (AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission ) was created in 1969 to encourage professionalism, provide a forum for new and emerging initiatives and foster beneficial relationships with the leadership of NAA. The AEC is named for its members, who serve as chief executive officers of NAA affiliate apartment associations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The AEC elects officers, maintains bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an and determines goals and objectives annually. The AEC President represents the Council as a non-voting member of the NAA Board of Directors. The AEC also appoints non-voting liaisons to each of the NAA standing committees. In 2003, the AEC held several workshops, roundtable and panel discussions to reach out to NAA affiliates and provide professional development opportunities and AE trainings at NAA conferences. At the 2003 NAA Capitol Conference in March, former American Society of Association Executives The American Society of Association Executives (ASAE) is a non-profit professional organization for executive directors and executive vice presidents of professional societies both in the United States and abroad. (ASAE ASAE American Society of Association Executives ASAE American Society of Agricultural Engineers (Society for Engineering in Agricultural, Food, and Biological Systems) ASAE Alkali-Sulfite-Anthraquinone-Ethanol ) President Michael Olson, CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. , addressed AEC members at "The Role of Associations Today" breakfast. During the NAA Education Conference & Exposition in June, the AEC presented a session on "How to Offer NAA Education Programs," and a panel of industry professionals addressed the Council and highlighted the benefits and services provided by the association that they found to be valuable. The professionals on the panel also discussed current business challenges their companies faced during the 2003 economic downturn. AEs participated in Best Practices Roundtable discussions, which allowed AEs to share their programs and services that work best for their associations. The AEC conducted a major survey, gathering data that will allow NAA staff, AEs, local and national leadership to respond to strategic challenges and opportunities. This survey not only provided AEs with a wealth of useful information, but pertinent information that can be used by NAA members as well. The AEC greatly improved communication between AEs, through effective use of the AE listserv. The listserv fosters interactive relationships between geographically diverse associations, and AEs exchanged ideas, concerns and information. NewsWire, a monthly newsletter for association executives and staff, highlights articles identifying emerging trends and professional development opportunities and resources in association management. AEs face many challenges, and the AEC has created an effective structure to provide guidance, support and inspiration. In addition, the AEC has developed resources for more experienced and successful AEs to share their expertise in ways that truly make a difference to the multifamily industry. NATIONAL SUPPLIERS COUNCIL ADDS PARTNERS AND FOSTERS SUCCESS The National Suppliers Council (NSC NSC abbr. National Security Council Noun 1. NSC - a committee in the executive branch of government that advises the president on foreign and military and national security; supervises the Central Intelligence Agency ) comprises outstanding industry partners who provide the supplies and services to our members that are needed to conduct business each day. Members are located throughout the United States and represent a variety of companies. NSC members are active participants of NAA and support the association through committee involvement, legislative support and participation and sponsorship during the annual NAA Education Conference & Exposition and other NAA programs and events. In 2003, the NSC provided more than $500,000 in sponsorship for the 2003 NAA Education Conference & Exposition. Seventy-four percent of NSC member companies exhibited at the Education Conference. The NAA Board of Directors approved 11 new NSC members in 2003, growing the Council to 106 total members. Their contributions and continued support of the apartment industry continually add to NAA's success. A listing of National Suppliers Council Members appears in every issue of UNITS magazine and an annual NSC Buyer's Guide is distributed in the spring. UNEMPLOYMENT RATES CHALLENGE RENTAL APRATMENT MARKET The enormous loss of jobs during the past three years is affecting the rental housing market. Rental apartment vacancy rates, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the U. S. Department of Commerce data series, rose to 11.3 percent in second quarter 2003, the highest rate since third quarter 1988. Net effective rent increases have moderated to a rate of less than 3 percent at annual rates in recent months. Street rents in a large number of local markets have declined or are flat. New apartment construction has remained relatively stable. Apartment unit starts will be down by approximately 3 percent this year, putting the total at 299,000 units, which matches the average for the period since 1998. Absorption rates of new rental apartments this year will decline for the third consecutive year. The declines, however, are modest. This is similar to previous apartment downturns with the existing rental apartment stock bearing more of the brunt brunt n. 1. The main impact or force, as of an attack. 2. The main burden: bore the brunt of the household chores. of the downturn than new rental units. Regional Apartment and Labor Markets labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience Northeast. Employment declined in the Northeast by 111,000 jobs (0.4 percent) during the year period ending in August. Nevertheless, its unemployment rate at 5.7 percent was below the national average. Apartment markets in the Northeast tend to have lower vacancy rates than other regions of the country as a result of low levels of new construction caused by little population growth. All major markets in the region experienced improvements in occupancy levels this year. Vacancy rates in the submarket sub·mar·ket n. A geographic, economic, or specialized subdivision of a market. adj. Being below what is usual in a particular market: submarket wages; submarket interest rates. of Northern New Jersey dropped to less than 3 percent. They were approximately 4 percent in Pittsburgh and Philadelphia, according to M/PF research. Boston had the highest vacancy rate (approximately 5 percent), but that was down nearly two full percentage points. Midwest. The Midwest has suffered the brunt of the weak labor market this year, especially in its manufacturing sector. Employment declined by 292,000 jobs during the year period ending in August. The weak labor market in the region helped produce increases in apartment vacancy rates in almost all of its major metropolitan markets. The highest vacancy rates were in Indianapolis (more than 10 percent), according to Hendricks & Partners. Cincinnati and Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). experienced vacancy rates of greater than 8 percent. Milwaukee and Minneapolis-St. Paul had the lowest vacancies at slightly more than 5 percent. South. The labor market in the South has seen some recovery, adding 10,000 jobs (0.01 percent) over the year period ending in August. Its unemployment rate at 5.6 percent was the lowest among all regions. Rental apartment markets in most major metropolitan areas in the South softened this year. For example, Atlanta and Dallas eased because of relatively high levels of new construction and weakened labor markets. Atlanta and Dallas have rental apartment vacancy rates of 12 percent, according to Marcus & Millichap. Atlanta's market is improving as its labor market is again adding jobs. Tampa and Orlando have seen their apartment vacancy rates rise above 9 percent. The rates in South Florida markets have risen to between 6.7 percent and 7.7 percent. The Washington, D.C., metropolitan area market has a relatively low vacancy rate (5.3 percent). It, however, is up from 4 percent one year ago and from just over 2 percent two years ago. West. The labor market in the West began recovering early this year, but losses have occurred since April. Employment declined by 40,100 jobs (0.1 percent) during the 12-month period ending in August. Its unemployment rate (6.4 percent) was the highest among all regions. The West is the only region with an unemployment rate above the national average. Most of the major markets in the Mountain states The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. , including Denver, Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo., and Phoenix, saw rental apartment vacancy rates rise to double-digit levels in 2003. Improvement occurred in the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, markets. Apartment vacancy rates dropped below 4 percent in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. areas. Increases in vacancies occurred in the major Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern and Pacific Northwest markets as the affect of the technology depression impacted their economies. Dear NAA Members, I am pleased to report to you on the many exciting programs and services that are responsible for making the National Apartment Association the only association that represents the interests and needs of the entire spectrum of the multifamily housing industry. The NAA Leadership and Staff constantly review the products and services we provide to our members to ensure they meet the current and future needs of the members and the industry. This diligence is in great part responsible for the strides we have achieved in 2003. * Membership retention has been incredibly strong in spite of the economy. Our member numbers continue to exceed 29,500 and we are reporting more than 4.89 million units, which is a new high for NAA. * The NAA National Lease may now be purchased in 30 states, and we recently added 10 extra forms that might be used by site holders. During 2003 we sold our 1,000th site license and by year-end we should have doubled the budgeted revenue in 2003 for this program. * The sale of Education products and services continues to be seen as one of the major benefits available to our members. Many thanks to our affiliate partners who provide education programming at the local level and do a great job of promoting education to their members. * Our overall Government Affairs programs also continue to grow and provide the oversight at the state and federal level necessary to protect the interests of our members. Our excellent partnership with the National Multi Housing Council has been extended through 2006, while our own State and Local initiative continues to expand and will grow even stronger in 2004. During 2003 we will raise the highest total of PAC rinds in NAA history, but we still have a long way to go. I strongly encourage every NAA member and their employees to become involved with NAA PAC. With your support, our industry's message will be heard on Capitol Hill. * Through September 2003 our financial operating results exceed budgeted goals. If we operate as projected for the balance of the year. we should end the fiscal year with an operating surplus Operating surplus is an accounting concept used in national accounts statistics (such as United Nations System of National Accounts (UNSNA) and in corporate and government accounts. It is also used in macro-economics as a proxy for total pre-tax profit income. for the fourth straight year. Our reserves continue to grow and at September 30, 2003, totaled $1,293,842, an increase of $300,000 from one year ago. * Finally, the 2003 Education Conference & Exposition was a certified winner for our members and the industry. The NAA trade show is now the largest in the multifamily housing industry and our goal is to maintain this status in the years to come. We are constantly working to make sure that our programming meets the current and future needs of our members. We value your input. Please do not hesitate to contact us with topics that are timely and relevant to our members. I do not have a crystal ball showing what the future entails for our industry. I do know, however, that NAA and our affiliates will be there to respond to your needs on a timely basis. It is a continuing pleasure to work with the leadership of NAA and the entire NAA family. Without the combined focus of all our partners, we would not have been able to attain the significant results achieved this year. To Tom, the Board of Directors, our affiliates, and our vendor partners, thank you for all you do to make NAA stand above the rest. Sincerely, Douglas S Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. . Culkin, CAE NAA Executive Vice President NAA/NMHC RENEW JOINT LEGISLATIVE PROGRAM PARTNERSHIP CONTINUE TO LEAD APARTMENT INDUSTRY ADVOCACY ON CAPITOL HILL Since 1991, NAA and the National Multi Housing Council (NAA/NMHC) have operated a Joint Legislative Program and represent the nation's leading apartment owners, managers, developers, brokers and lenders. Together, the organizations operate a federal legislative program and provide a unified voice for the private apartment industry on Capitol Hill and in the federal agencies. The organizations renewed their partnership in August 2003 for another three-year term and NAA looks forward to more legislative successes. On January 29, the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. handed apartment owners and residents a significant victory when it issued new regulations (FCC 03-9) governing the types of contracts apartment firms can enter into with competitive video providers. After eight years of NAA/NMHC's education efforts on this issue, the FCC has decided not to ban or cap the length of exclusive contracts between apartment providers and video providers. The FCC agreed with NAA/NMHC, saying there is no proof that exclusive contracts (which run for a specified time) or perpetual contracts (older contracts signed when there was only a single provider, but now affecting less than 10 percent of the market) are significant impediments IMPEDIMENTS, contracts. Legal objections to the making of a contract. Impediments which relate to the person are those of minority, want of reason, coverture, and the like; they are sometimes called disabilities. Vide Incapacity. 2. to competition. NAA/NMHC have won a major victory in our eight-year effort to permanently eliminate the National Electrical Code The National Electrical Code (NEC), or NFPA 70, is a U.S. standard for the safe installation of electrical wiring and equipment. It is part of the National Fire Codes series published by the National Fire Protection Association (NFPA). (NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. ) provision that previously only allowed NM cable in buildings three stories or less. In January 2003, the NFPA NFPA National Fire Protection Association NFPA National Food Processors Association NFPA National Fluid Power Association NFPA National Federation of Paralegal Associations (Edmonds, WA) panel considering possible changes to the 2005 NEC unanimously rejected every proposal further limiting the use of NM cable. More importantly, our main opposition during the past eight years--the National Electrical Manufacturers Association This article is about the standards association NEMA. For other uses, see Nema. The National Electrical Manufacturers Association or NEMA is a U.S. (NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) )--actually reversed its position and made the motion to accept an NFPA Standards Council decision reaffirming the expanded use of NM cable in the 2002 NEC. Being able to use the less expensive NM cable will save members $1,200-$1,500 per unit. This fall NAA/NMHC stopped the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. from requiring that all mailboxes in apartment properties be retrofitted to meet a new larger mailbox A simulated mailbox in the computer that holds e-mail messages. Mailboxes are stored on disk as a file of messages, a database of messages or as an individual file for each message. The standard mailboxes are usually In, Out, Trash and Junk (Spam). standard. Eliminating retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in from their proposed action will save our industry at least $1 billion. When funding of the FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). insurance program came to an abrupt halt on Sept. 16 due to a lack of funds, NAA/NMHC worked diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to have a housing appropriation bill passed so that funding could be restored. On Sept. 30, President Bush signed a new appropriation into law and FHA funding has been restored. Swift action enabled proposed apartment financing to proceed with a minimum of disruption. In response to President Bush's effort to alter the Section 8 Housing Program, NAA President Tom Shelton and NAA Member Andrew Showe, Vice President of Showe Management in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , testified before key committees of Congress. In their testimony, the two industry leaders proposed recommendations that would encourage more apartment owners to participate in the program by making the costs of renting to voucher residents more comparable to the costs of serving unsubsidized residents. NAA PAC EXPANDS INFLUENCE AND FUNDING The NAA Political Action Committee (NAA PAC) made significant strides toward reaching our goal of emerging as a first-rate PAC. With the 2003 NAA PAC State Ambassadorship leading the way, we have raised over $85,000 of our goal of $150,000. The Ambassador Program has grown to 58 volunteer fundraisers, representing all regions of NAA. We have increased the awareness of our political education program through publication of quarterly newsletters, and the development of a customized fundraising video. During the 2001-2002 election cycle, NAA PAC financially supported 77 congressional candidates, with 92 percent of them winning. A highlight of the 2003 Capitol Conference was its annual PAC fundraiser, which was held at the International Spy Museum The International Spy Museum is a privately owned museum dedicated to the field of espionage located in the Penn Quarter neighborhood of Washington, D.C., and one block west of the Gallery Place-Chinatown Metro station. in Washington, D.C. Using our newly forged involvement with the House and Senate leadership, we continue to strengthen our relationships within the House of Representatives and Senate. 2003 CAPITOL CONFERENCE SETS RECORD FOR CONGRESSIONAL VISITS In February, NAA/NMHC released its 2003 Legislative and Regulatory Priorities for NAA members to carry to lawmakers during the annual Capitol Conference. The two organizations focused their attention on making the case for multifamily housing. Capital gains tax and depreciation recapture depreciation recapture See recapture of depreciation. rate reductions, mold, bankruptcy reform, energy policy, Section 8 reform and estate tax relief also top the agenda of the allied groups. At the 2003 Capitol Conference, NAA membership made a record number (249) of visits to Congressional members. Dozens of additional visits took place at district offices during Congressional recesses. NAA EXTENDS OUTREACH TO STATE POLICYMAKERS Robert Dushman of Brown, Rudnick, Berlack, Israels LLP LLP - Lower Layer Protocol , an NAA member in Boston, spoke on behalf of NAA to a National Conference of State Legislatures The abbreviation NCSL redirects here. For the British educational institution see National College for School Leadership. The National Conference of State Legislatures (NCSL NCSL National Conference of State Legislatures NCSL National College for School Leadership NCSL National Conference of Standards Laboratories NCSL National Council of State Legislators NCSL National Computer Systems Laboratory (NIST) ) committee on finance in April. Dushman discussed the rising cost of property and casualty insurance for apartment operators and the unavailability of third-party liability policies in some states. The informational hearing was the first time an NCSL committee addressed the mold issue. NAA represented the only real estate group on the panel. The legislators were concerned about the possible health effects of mold and how it had become such a problem, especially in schools. NAA again participated in the NCSL Annual Meeting this summer in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with the Real Estate Advocacy Group for the States (REAGS REAGS Real Estate Advocacy Group for States (Herndon, VA) ). NAA had a presence at the trade show and hosted a legislator LEGISLATOR. One who makes laws. 2. In order to make good laws, it is necessary to understand those which are in force; the legislator ought therefore, to be thoroughly imbued with a knowledge of the laws of his country, their advantages and defects; to reception. NAA is a founding member of REAGS, a coalition of nine national real estate trade associations representing all sectors of the built environment. Through NAA's involvement with REAGS, it is encouraging our affiliated associations to work together at the state and local levels. In October, NAA participated in discussions with the Council of State Governments (CSG CSG - constructive solid geometry ) on sample legislation dealing with methamphetamine methamphetamine (mĕth'ămfĕt`əmēn): see amphetamine; methedrine. labs in apartments. CSG is considering the 2002 Arizona legislation lot inclusion in their Suggested Sample Legislation publication. NAA educated a CSG task force about the dangerous effects of crystal meth meth n. Methamphetamine hydrochloride. production and the lack of remediation standards. NAA SUPPORTS ITS AFFILIATES NAA Executive Vice President, Doug Culkin and Vice President for State & Local Policy, Barbara Vassallo testified before Maryland House and Senate committees respectively, in favor of legislation promoted by the Apartment & Office Building Association of Metro Washington that would protect vital building records from public access. The legislation was enacted this spring and makes Maryland and Virginia the only two states to have such protections for privately owned buildings. In June, NAA submitted comments to the Massachusetts Legislature s joint Committee on Housing and Development in support Of legislation that would allow apartment operators to bill residents for their water usage. The Rental Housing Association of Boston promotes the legislation. Massachusetts is the only state that prohibits submetering of water and other utilities in rental housing. The legislation remains in committee. REAGS members are the American Institute of Architects The American Institute of Architects (AIA) is a professional organization for architects in the United States. Organized in 1857, the Institute conducts various activities and programs to support the profession and enhance its public image, including periodically awarding the AIA , Building Owners and Managers Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , International Council of Shopping Centers The International Council of Shopping Centers (ICSC) is an international trade association of the shopping center industry. The organization, founded in 1957, has 65,000 members worldwide, which include shopping center owners, developers and managers, as well as other individuals, , Manufactured Housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected Institute, National Apartment Association, National Association of Industrial and Office Properties, National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than , National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. and National Multi Housing Council. EDUCATION FOCUSES ON ENHANCEMENTS AND NEW INITIATIVES This year has seen a blend of old and new as ongoing programs continued to receive support and enhancement, while new initiatives brought Internet connectivity even closer to reality. Communication and Support Understanding the importance of clear and accurate information, communication received heightened emphasis in 2003 as monthly affiliate conference calls drew participants from across the country. Departmental updates to member affiliates appeared regularly in the electronic NewsWire. Monthly affiliate mailings brought news and solicited input on the direction of NAA education. Throughout 2003, the Education and Membership departments worked together in developing and initiating education efforts at local affiliates. New affiliates and education initiatives were supported in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Philadelphia, Delaware, Northwest Arkansas, Louisiana, Chicago, Pittsburgh, Richmond, Va., and Houston. A best-marketing-practices survey of those affiliates delivering education produced helpful insights and valuable tools for the benefit of affiliates with programs not yet fully in place or delivering expected results. By the end of the year, an Education Start-Up resource manual had been created and tested. In 2004 it will be used with a network of mentors to support new education initiatives. Curriculum The designation programs continue as the cornerstone of the NAA Education Program. In 2003, a newly updated and enhanced NALP (National Apartment Leasing Professional) program hit the shelves. Similarly, CAM (Certified Apartment Manager) courses in financial management, fair housing, maintenance and community analysis were revised. CAMT CAMT Certified Apartment Maintenance Technician CAMT Canadian Association for Music Therapy CAMT Colorado Association for Music Therapy CAMT Canadian Academy of Manipulative Therapy CAMT Conference for the Advancement of Mathematics Teaching (Certified Apartment Maintenance Technician) modules in safety, lair housing, customer service and maintenance overview were rewritten and condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. . Instructor Guides for the CAMT II (advanced program) were enhanced. Elevating its own standards, the CAPS (Certified Apartment Property Supervisor) program initiated a full final examination requirement designed to enhance the value of the designation and build stronger communication skills. At the end of 2003, a fully updated and enhanced Rental Owner's Course became available in response to a growing level of participation from independent rental owners across the country. Special Programs Two important programs were developed and distributed in 2003 in response to critical issues at hand for the apartment industry. The "FBI on Terrorism" video and accompanying CD were produced and distributed to all local affiliates in their efforts to inform their members about the threats of terrorism. The "Mold Remediation and Prevention" program was written for use by affiliates and members alike. This all-day program offers a complete review of the mold issue--from history, science, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , reaction from the insurance industry to testing, remediation techniques and prevention. The program includes handouts, a 100-question examination and certificate. Focus Forward Electronic delivery of education and products is vital to the continued enhancement of NAA's education efforts. As 2003 ends, the first NAA designation online program--CAPS Adding Value with Technology--is in design. Program release is expected in first quarter 2004. At the same time, the department plans to debut online product ordering and delivery of printed designation course materials. An online learning management system is being explored for use in 2004. The NAA Campus would accommodate designate and candidate file maintenance, program delivery, online testing and grading of programs, access to resource material, professors, chat rooms and e-commerce. NAA has partnered with Grace Hill to provide online learning for Continuing Education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). Credits (CECs) through Grace Hill's current online curriculum. Designates needing CECs can access the programs through the NAA Web site or by checking with their local affiliate. NATIONAL ACCESSIBLE APARTMENT CLEARINGHOUSE (NAAC) NOW ONLINE As the only national service that provides disabled persons with listings of apartment designed for their special needs, NAAC continues to expand and assist countless persons with disabilities in finding suitable housing. The Clearinghouse has more than 70,000 apartment units in more than 155 local metropolitan areas listed in its database. This fall, the Clearinghouse continued to expand its services by adding a searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features. to its Web site. Residents and independent living centers nationwide can now find accessible apartment listings 24 hours a day at www.forrent.com/naac. NAAC continues to provide all services to residents and apartment owners at no charge. NAA EDUCATION CONFERENCE & EXPOSITION 'LEADS THE WAY' The NAA Education Conference & Exposition offers education session speakers who have expertise in critical and timely issues affecting the workplace today, top-notch keynote speakers and a trade show packed with more than 400 booths of companies showcasing the latest products and services to help multifamily housing professionals stay ahead of the game. Held June 19-21 in New Orleans, La., the 2003 NAA Education Conference & Exposition was another success. With a strong education program and dynamic trade show to go with timely and entertaining keynote speakers, the tagline of the 2003 Conference. "Leading The Way," rung loud and clear. From the two keynote speakers, Sam Donaldson Samuel Andrew Donaldson (born March 11, 1934 in El Paso, Texas) is a reporter and news anchor for ABC News, anchoring the Sunday edition of World News Tonight from its inception in January 1979 through the 1990s. of ABC News
ABC News is a division of American television and radio network ABC, owned by The Walt Disney Company. Its current president is David Westin. fame, and future baseball Hail of Famer Cal Ripken Jr., to the more than 30 education seminars that were offered, the NAA Education Conference featured speakers who shared their expertise in important and pertinent issues affecting the multifamily housing industry today: leadership, ethics, cultural and generational diversity, customer service, work/life balance, marketing, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and building and development. On the trade show floor during the last day of the conference, two lucky NAA members, who had their names drawn at random, drove away with three-year leases on 2003 BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Z4 Roadsters. The NAA Education Conference & Exposition also offered numerous opportunities to network and to mingle with the thousands of other multifamily housing professionals in attendance. Attendees were entertained by Bennie Anderson Bennie Tyron Lamar Anderson (born February 17, 1977) is an American football offensive guard who currently is a free agent. He most recently played for the Miami Dolphins, and collegiately at Tennessee State University. & The Drifters at the Opening Party on Thursday night and danced the night away on Saturday night to The Pointer Sisters The Pointer Sisters are an American Grammy Award-winning R&B group and recording act from Oakland, California that achieved great success during the 1970s and 1980s. Spanning four decades together between 1969 and the recent date, their repertoire has included diverse genres as at the National Suppliers Council-sponsored Closing Gala. In 2003, the NAA Education Conference & Exposition welcomed a record number (16) of metal sponsors, led by eight Platinum Sponsors. HALL OF FAME HONORS HUNNICUTT The Hall of Fame Award was created to recognize individuals for their outstanding achievement in the apartment industry. Hap Hunnicutt, CAPS. President, Equity Development Co., Houston, was inducted into the NAA Hall of Fame at the 2003 NAA Education Conference & Exposition in New Orleans. He served as NAA President in 1996 and has been an NAA Board member since 1987. Hunnicutt was introduced by the 2000 Hall of Fame inductee and long-time friend Rob Johnston. CAPS, CPM, First Communities, Atlanta "When I first heard the news I was humbled," said Hunnicutt, whose parents were in attendance to hear the news for the first time. "I am honored. I want to thank my family, my friends and NAA for this great honor." Johnston spoke of Hunnicutt's sincere dedication, hard work and many contributions to both NAA and the multifamily housing industry as President. "His passion lot people and causes is his compass," said Johnston. "He commits his heart and soul to everything he does and then asks, 'What can I do next?'" Hunnicutt, who served both the Texas Apartment Association and the Galveston Apartment Association, was instrumental in NAA's development of the lease program and currently is NAA PAC Subcommittee Chair and Chair of the TAA TAA - Track Average Amplitude Education Foundation. In 1997 he raised $350,000 while serving as President of the NAA Education Foundation. LEADERSHIP LYCEUM DEBUTS IN 2003 The NAA Leadership Lyceum debuted in Boston during the Assembly meeting and will help identify and develop a well-informed, highly motivated group of emerging multifamily housing industry leaders, people with a broad-based vision for, and a strong commitment to the mission and strategic objectives of the NAA and its affiliated associations. It is critical that each of us, as volunteer leaders and association professionals, take time to understand our federation. By doing so, we more effectively lead and govern our organization to provide education, legislative advocacy and a variety of programs for our members and the rental housing industry. NAA becomes a stronger organization when industry leaders become NAA leaders. NAA Hall of Fame Recipients Julian Perry "Hap", Hunnicutt, CAPS (2003) James P. Hepfner, CAPS, CPM (2002) Robert Johnston Robert Johnston is the name of:
Steven D. Ira, CAPS, CPM (1991) Barbara MacManus (1990) William H. Shane Jr. (1989) Robert Ross The name Robert Ross is shared by several notable individuals:
Roland Freeman (1988) Thomas Mahaffey (1987) ASSEMBLY OF DELEGATES HOSTS NAA LEADERSHIP SUMMIT The NAA leadership meets each fall during the Assembly of Delegates to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... the year's activities and to approve the operating budget Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. and NAA officers for the following year. Accomplishments for the year are reviewed and strategies for the next year are announced. The Leadership Summit is hosted annually at this meeting to focus on leadership and industry trends. Douglas Crocker II addressed the Summit in 2003, speaking on market trends. He is former Vice Chairman of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Equity Residential Properties Trust. NAA PARAGON Paragon - Mark Sherman. IEEE Software (Nov 1991). AWARDS RECOGNIZE INDUSTRY EXCELLENCE A PARAGON Award is the highest honor an individual, association or company receive from NAA. The PARAGON Awards are divided into three categories: NAA Education Designate Awards, NAA Affiliate Associations Awards and the Builders, Owners and Developers Awards. The Affiliate Associations category is split into divisions based on size--more than 30,000 units and less than 30,000 units--ensuring competition will come from affiliates similar in size. The NAA Affiliate Association Awards are presented to one winner in each size category and consist of the Communications Award, Community Service Award, the Education Award, the Government Affairs Award and the Membership Award. The NAA PARAGON individual awards run the full gamut See color gamut. gamut - The gamut of a monitor is the set of colours it can display. There are some colours which can't be made up of a mixture of red, green and blue phosphor emissions and so can't be displayed by any monitor. lot property management employees, from the Certified Apartment Manager (CAM) of the Year to the Certified Apartment Maintenance Technician (CAMT) of file Year, the National Apartment Leasing Professional (NALP) of the Year, and the Professional Designate of the Year. The Chris Christenson Association Executive (AE) of the Year honors NAA's top AE, while the National Suppliers Council (NSC) Achievement Award recognizes the stellar contributions of a NSC member. Recognizing the need to highlight excellence in the various structures and buildings comprising apartment homes, NAA has expanded the portion of the awards program devoted to builders, owners and developers for 2003. The new awards consider overall style, age and size in 15 different awards, making it possible for all members to be recognized for excellence and design. In 2004 the awards will expand to recognize a property management company, an individual and creativity. There are many exciting and interesting communities that more than one-third of the nation call home and NAA wants to recognize them for their uniqueness and design. 2003 PARAGON Award Winners * Association Executive of the Year Kathy Vallie Property Management Association of West Michigan * Certified Apartment Maintenance Technicians of the Year Nichole Burke Curl, CAMT Rolando Sandoval, CAMT * Certified Apartment Manager of the Year Sheila Pennington, CAM * National Apartment Leasing Professional of the Year Chip Tatum, NALP, CAM * National Suppliers Council Achievement Award Marcia Bollinger, CAS, Apartment Finder * Professional Designate of the Year Gary Sanzone, CAM, CAPS * Communications Award Charlotte Apartment Association * Community Service Award Houston Apartment Association * Education Award Greater Cincinnati & Northern Kentucky Apartment Association * Government Affairs Award Greater Cincinnati & Northern Kentucky Apartment Association Triangle Apartment Association, Raleigh, N.C. * Membership Award Detroit Metropolitan Apartment Association * Host Committee Recognition Apartment Association of Greater New Orleans * Best Garden/Townhouse Community, 1980-1999 Over 150 Units The Fountains at Andover Fogelman Properties, Lexington, Ky. * Best Garden/Townhouse Community, Post 2000, Over 150 Units San Marino San Marino, city, United States San Marino (săn mərē`nō), residential city (1990 pop. 12,959), Los Angeles co., S Calif.; inc. 1913. Of interest is the Huntington Library, Art Collections, and Botanical Gardens. at Laguna Lake The Cornerstone Group ''This article or section is being rewritten at  should be added to this article, to conform with Wikipedia's Manual of Style.Please discuss this issue on the talk page. West Palm Beach, Fla. * Best Mid/High Rise Community, 1980-1999, Over 150 Units The Pennsylvanian Brothers Property Corp. Pittsburgh, Pa. * Best Mid/High Rise Community, Post 2000, Under 150 Units 11 East Forsyth Vestcor Construction Services Inc. Jacksonville, Fla. * Best Mid/High Rise Community, Post 2000, Over 150 Units American Can Historic Restoration Inc. New Orleans, La.
Apartment Vacancy Rates By Metro Area
Metro Area Rate
Northern New Jersey <3%
Pittsburgh 4%
Philadelphia 4%
Boston 5%
Indianapolis >10%
Cincinnati >8%
Kansas City >8%
Milwaukee >5%
Minneapolis-St. Paul >5%
Atlanta 12%
Dallas 12%
Tampa >9%
Orlando >9%
Washington, D.C. >5%
Denver-Colorado Springs >10%
Phoenix >10%
Los Angeles <4%
Inland Empire Area (Calif.) <4%
Sources: Regis J. Sheehan & Associates,
Hendricks & Partners, M/PF, Marcus & Millchap
NAA STANDS STRONG FINANCIALLY
Consolidated Statements of Financial Position
Year Ended December 31, 2002
ASSETS
Current Assets
Cash and cash equivalents $276,999
Accounts and contributions receivable,
net of allowance for doubtful accounts
of $27,771 247,118
Prepaid expenses 276,907
Inventory 99,513
Total current assets 900,537
Investments 3,444,103
Property and Equipment, net of
accumulated depreciation of $378,319 107,492
Deposits 15,406
Total assets $4,467,543
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts Payable and accrued expenses $416,174
Due to related parties 2,057
Taxes Payable --
Deferred Revenue 972,013
Total current liabilities 1,390,244
Long-Term Liabilities
Deferred Lease Obligations 126,450
Total liabilities 1,516,694
Net Assets
Unrestricted 1,764,591
Temporary restricted 34,350
Permanently restricted 1,151,908
Total Net Assets 2,950,849
Total Liabilities and Net Assets $4,467,543
Consolidated Statements of Activities
Year Ended December 31, 2002
Change in Unrestricted Net Assets
Revenue and other support
Membership $2,994,690
Education 876,600
Meetings & Expositions 2,529,938
Communications 1,097,834
Government Affairs 104,691
Administrative Income 80,997
Total Revenue and Support 7,684,750
Expenses
Program Services
Membership 565,516
Education 597,165
Meetings & Expositions 2,180,747
Communications 908,369
Government Affairs 1,027,063
Fund Raising 58,163
General Administrative 1,828,428
Total Expenses 7,165,451
Change in Unrestricted Net Assets
before Income Taxes 519,299
Change in Temporarily Restricted Net Assets
Investment Income (5,770)
Change in Permanently Restricted Net Assets
Contributions 71,300
Change in Net Assets 584,829
Net Assets
Beginning of Year $2,366,020
End of Year $2,950,849
NAA Staff
phone 703/518-6141; fax 703/518-6191
Administration Ext.
Doug Culkin, CAE Executive Vice President 109
Maureen Lambe, CAE VP, Finance & Administration 116
Karen Goggin Asst. VP, Governance & Admin. 107
Debbie Bilotta Office Manager 102
Michelle Mathis Administrative Office Assistant 140
Marian Hill Receptionist 100
Finance
Nancy Dobberman Vice President, CFO 110
Michael Semko, Esq. National Lease Manager 111
Netty Ford Coordinator of Finance 129
Andrea Hansborough Coordinator of Finance 126
Communications
Paul R. Bergeron III Director, Communications 137
Rachel F. Goldberg Manager, Communications 105
Education
Susan Weston, CAM, CAPS Director, Education 115
Sally Scott Assistant Director, Education 122
Tammye Wiggins Education Service Representative 132
State & Local Policy
Cherie Brown Education Coordinator 121
Barbara Vassallo, Esq. VP, State & Local Policy,
NAA PAC Administrator 106
Rachel Arnold State Policy Manager 119
Bradley Hix Manager, NAA PAC & Grassroots 123
Nekita Bishop Stare and Local Policy Assistant 131
Tasha Thomas Clearinghouse Coordinator 118
Meetings & Expositions
Jeremy Figoten Director, Meetings & Expositions 104
Meredith Thomas Sr. Manager, Meetings & Expo. 136
Stacy Carr Coordinator, Meetings 130
Membership
Sam Matlick Director, Membership 120
Rita Reynolds, CAM Manager, Affiliate Development 103
Valerie Hairston Manager, Affiliate Relations 138
David Slotwinski Web Content Manager 124
Jannise Corry Membership Coordinator 114
LaSara Kelley Data Entry Assistant 113
National Sales
Julie Prazmark Vice President, National Sales 125
Alexis Norman Sales Coordinator 127
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