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Vol. 22 Issue 6
June 2013
Published 22 Years
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PUGET SOUND APARTMENT OWNERS, PROPERTY MANAGERS & MAINTENANCE PERSONNEL
Published in association with: Washington Apartment Association, IREM & Washington Multifamily Housing Association
$1.1 Trillion Apartment Industry Highlights Multifamily Job Growth for Congress Highlighting the economic strength of the apartment industry in front of Congress, Tom Bozzuto, Chairman and CEO of the Bozzuto Group, represented the National Multi Housing Council (NMHC) and the National Apartment Association (NAA) before a House Energy and Commerce Subcommittee recently. “The apartment industry is a competitive and robust $1.1 trillion industry that helps 35 million renters live in a home that’s right for them. In an environmentally sound way, we help build vibrant communities by offering housing choice, supporting local small businesses, creating millions of jobs and contributing to the fabric of communities across the country,” said Bozzuto, who is also chairman of NMHC. Continued on page 5
The Landlord Times and Apartment News sat down with veteran apartment broker and investor, Joseph Chaplik to discuss Arizona, Oregon and the state of the apartment investment market. THE LANDLORD TIMES: Give us a brief history of your career. How did you get into the apartment brokerage business?
Seattle Discloses Energy Use of City-Owned Buildings City Leads by Example by Reporting Building Energy Use The City of Seattle is providing the public a closer look at the energy use of City-owned buildings in a new report, “Seattle Municipal Buildings 2011 - 2012 Energy Use Performance Report.” The report describes City efforts to evaluate the energy efficiency of 6.2 million square feet of City-owned and operated building space, a process that the City is also requiring owners of mid-sized and large privately owned buildings to do every year. The report also details actions the City is taking to improve the energy efficiency of its facilities. “We hope that sharing the City’s results from evaluating our buildProfessional Publishing, Inc PO Box 30327 Portland, OR 97294-3327
6 Questions with Joseph Chaplik
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ings’ energy use encourages other owners to do the same,” said Jill Simmons, Director of the Office of Sustainability & Environment. “Taking a close look at the energy performance of our facilities helps identify cost-effective opportunities to save energy and free up taxpayer resources for other important City services.” To lead by example, City departments were directed to go beyond the minimum requirements of the energy benchmarking program and publicly disclose the City’s benchmarking results. Private owners in Seattle are required to disclose their Continued on page 7
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JOSEPH CHAPLIK: Previously I was a Vice President of a telecommunication company and started buying apartments when I relocated to Portland. The level of professionalism by the other brokers was not impressive, so I decided to start my own company. I wanted to provide a higher level of professionalism, integrity and service to the apartment investors, which I thought they deserved. Today we represent close to 1/3 of the transactions; more and more clients have Continued on page 3 Page 16 Washington Apartment Association
NATIONAL MORTGAGE SETTLEMENT PROVIDES MORE THAN $1.1 BILLION.. Page 14
WMFHA WORKING FOR YOU Page 6
Chapter 27 Institute of Real Estate Management NEW IREM® WHITEPAPER EXAMINES EFFECTIVE COMMUNICATION AS...