case studies

Here are a few actual case studies that exemplify how our Value Creation machine has worked for past clients:

case study 1

background

  • Location: Tucson
  • Asset Quality: A-
  • Number of Units: 175+
  • Length of Assignment: September 2010 - January 2016

Unique Aspects:

  • MEB took over from large national management firm
  • No change in ownership
results
  • monthly total income

    At takeover: $1,558,484

    6 months later: $1,850,042 (a $291,558, or 19% increase over 2 years)

  • monthly noi

    At takeover: $767,973

    6 months later: $1,003,717 (a $235,744, or 31% increase over 2 years)

  • Approximate Value at Takeover: $12,001,049 @ 6.40% Cap Rate

    Approximate Value after 6 Months: $15,685,000 @ 6.40% Cap Rate

    Estimated Gain in Value: $3,683,951

how did we do it?

  • Implemented MEB value creation strategy
  • Optimized new marketing technologies
  • Focused on management basics
  • Addressed product and pricing discrepancies
  • Enacted expense control measures
  • Re-bid contracts
  • Protested property taxes

case study 2

background

  • Location: North Phoenix
  • Asset Quality: A
  • Number of Units: 400+
  • Length of Assignment: June 2013 to present

Unique Aspects:

  • Management commenced upon sale
  • Property in renovation
results
  • monthly total income

    At takeover: $337,301

    6 months later: $353,908 (a $16,607, or 5% increase over 6 months)

  • monthly noi

    At takeover: $212,272

    6 months later: $239,456 (a $27,184, or 13% increase over 6 months)

  • Approximate Value at Takeover: $39,188,677 @ 6.50% Cap Rate

    Approximate Value after 6 Months: $44,207,262 @ 6.50% Cap Rate

    Estimated Gain in Value: $5,018,585

how did we do it?

  • Implemented MEB value creation strategy
  • Focused on increasing rents during rehab (Average $120 per unit increase)
  • Worked closely with clients during rehab
  • Optimized new marketing technologies (SEO / SEM / PPC Especially Effective)
  • Focused on management basics
  • Pushed renewal rates as much as possible
  • Enacted expense control measures Re-bid contracts
* Questions? Call Melanie Morrison, CPM @ (520) 618-3811

A success story, presented by MEB Management Services

jul 2005

MEB named property manager for Bascom Group upon purchase of the communities.

jun 2007

MEB, working with the Bascom Group, positioned these communities for sale, resulting in the largest real estate transaction in Arizona history at that time.

mar 2009

MEB worked with a receiver to again prepare the properties for sale

oct 2010

Assets were effectively positioned for the sale to the Standard Phoenix Fund; MEB was again chosed as the property manager.

since 2010

With minor capital investment, MEB worked with Standard to achieve the following results in the last three years:

  • 22% increase in total income
  • 34% increase in NOI
  • Projected 6% to 8% total income growth in 2014

*questions?

call melanie morrison directly at (520) 618-3811

or mark schilling at (602) 792-8613