Meridian Pointe Apartments

Puyallup, WA Project Type: Conventional, garden style 470 homes

 

Project Description:

  • Assist client with project coordination for a 2 year major renovation and property repositioning, while continuing to maximize investment return.  
  • The project scope included renovation of 470 apartments, clubhouse and all common area amenities.

 

Objective:

  • Introduce new higher end price point apartments to Puyallup submarket.
  • Develop and implement re-branding strategy and marketing program reflective of newly renovated apartments.
  • Manage apartment turnover to supply 20 units per month to renovation contractor.

 

Result:

  • Renovation was completed within the 2 year plan.
  • Resident profile was significantly improved.
  • Annual net operating income growth exceeded 30%.

 

Website:

http://www.meridianpointe.com

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