Meridian Pointe ApartmentsPuyallup, WA Project Type: Conventional, garden style 470 homes
- 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.
- 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.
- Renovation was completed within the 2 year plan.
- Resident profile was significantly improved.
- Annual net operating income growth exceeded 30%.