Worried about raising your rents in the face of that “double-dip” recession that’s lurking around the corner? Don’t tell that to the executive team at Colonial Properties Trust.
In a 2Q 2010 conference call that provided plenty of nuggets for apartment pricing professionals to chew on, the company reported that it pushed collective rents by 5.6 [...]
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What Double Dip? Colonial Pushes Richmond Rents 14 Percent.
Colonial Properties Trust – Gaining value from its Revenue Management System
Can a systemic approach to revenue management improve performance in a declining apartment rental market? Colonial Properties Trust’s experience says yes – with some caveats.
Colonial Properties Trust has 119 multifamily properties with about 32,000 units. The average rent across their portfolio is $803, and the properties average 15 years old. Colonial Properties Trust uses [...]
Posted in Miscellaneous Also tagged declining, market, pilot, reit, results, revenue management Leave a comment
