MARKET COMPARABLE STUDIES

A market comparable study can be completed in three distinct phases:

Phase I - Comparable Property Information
The first phase will be the gathering and reporting of all comparable property information including, but not limited to, amenities, unit mix, rent schedule, vacancies, incentives, advertising, and leasing policies.

Phase II - Comparison of Comparable Information
The second phase of the study includes a comparison of all comparable properties, using graphics and charts to analyze and "grade" amenities, unit cost, floor plans, and market/net rental rates. We recommend this phase be completed with an actual visit to the site.

Phase III - Complete Market Comparable Study and Analysis
The third and final phase will be the complete, comprehensive Market Comparable Study. This study will provide an analysis of the existing market and how your property should position itself in rental rates, amenities, and floor plans to be competitive and successful. The subject community's unit mix, rental schedule, and amenity package will compare with all the study comparables. Finally, we offer pertinent observations and an economic analysis of the region and apartment submarket.