Triangle Apartment Association's 2018 Annual Report

CONNECTIONS 2018 TRIANGLE APARTMENT ASSOCIATION ANNUAL REPORT

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Letter from Leadership It is through our volunteers that the TAA is capable of offering a wide variety of classes, events, and community outreach programs. This year we saw a marked increase in our members that became involved, and I am thrilled to share the immense growth in volunteers because of this. We started out the year with approximately 174 volunteers and we ended the year with 295 members helping out. As a result of the increased number of volunteers, we were able to host 11 events in 2018 and we had over 3,000 members attend those events! TAA also had a record of 61 new National Apartment Association Education Institute (NAAEI) credential recipients this year and was able to host a number of new classes and seminars. At the conclusion of 2018, 1095 individuals will have taken advantage of the fantastic array of classes the TAA has to offer, increased their knowledge of the multifamily industry, and expanded their circle of industry peers.

Behind the scenes, TAA spent a significant amount of time advocating on behalf of our legal interests. A number of legislative issues arose this year that could have significantly affected the revenue apartment communities collect during evictions, however, TAA stepped in and gave voice to these concerns. One example of legislative action was the passage of SB 224, which enshrines into law the ability to collect fees incurred during the eviction process. TAA worked in collaboration with AANC and other affiliates to successfully advocate for the passage, resulting in our ability to continue to charge legal fees incurred from evictions and lease defaults.

It’s clear that TAA and the Board have worked diligently to see all of these goals reached, but what future endeavors are in store for the association? When writing the strategic plan at the end of 2017, the Board focused on one major crisis impacting our industry; a shortage of maintenance personnel. As a result, the visionary Board of Directors decided it was the association’s job to infuse new employees into the industry by recruiting and training. It was decided this goal could be accomplished by creating a Service Academy. I am thrilled to report that we have made the decision to start taking the necessary steps towards turning this dream into a reality! Our goal is to create an external maintenance training facility in which our association will train personnel looking for a career in a technical craft. Training will include everything from drywall installation to troubleshooting an HVAC issue. Students will graduate the academy equipped with their CPO and CFC certifications, ready to complete an internship or embark on a new position at one of our member apartment communities. In addition, the facility will serve as the location for all maintenance related classes currently hosted by TAA. It is essential that we all work together to ensure our Association continues to be the incredible success it is today, so I want to conclude my tenure as your 2018 President with the same invite I extended to our membership in January. I invite you to continue to be part of our community, the community of the Triangle Apartment Association comprised of your family, friends, co-workers, an executive team, a Board of Directors, co-chairs, volunteers, and TAA staff.

Individuals who work tirelessly every day to ensure progressive goals are met. Let’s always be collaborative, thoughtful, and work with a sense of purpose, making decisions that benefit our Association and our community. I urge each of you to continue to give back, and not only will TAA succeed, but you will find personal growth you could not have anticipated!

Claire Michael 2018 TAA President TRIANGLE APARTMENT ASSOCIATION

WWW.TRIANGLEAPTASSN.ORG

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Mission

The leading resource committed to the advancement of the rental housing industry through advocacy, engagement, and innovation.

Above: 2018 Maintenance Mania held at the PNC Arena

1,111

Member Companies

TRIANGLE APARTMENT ASSOCIATION

139,372 Homes Represented

WWW.TRIANGLEAPTASSN.ORG

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Education Opportunities

Providing quality educational opportunities for the Triangle apartment industry for 34 years!

CAM & CAS Students

1,095

Sold Out CPO Course

Students Throughout the Year

26

61

9

Classes

Sold Out Classes

New NAAEI Credential Recipients

2018 Graduation Rate: 84%

176

CPO Certifications

93% Passing Rate

TRIANGLE APARTMENT ASSOCIATION

26

CFC - EPA 608 Certifications

63% Passing Rate

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Creating Connections Events and networking opportunities.

Record Registrants

606+

After Work Networking

1,821 Trade Show 440

375

Dinner Meeting

292

Casino Night

Maintenance Mania & Service Appreciation

230 Golf

101

Bus Tour

Counts above include total number of registered participants.

Trade Show TRIANGLE APARTMENT ASSOCIATION

Casino Night WWW.TRIANGLEAPTASSN.ORG

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Giving Back $21,225 RAISED

DONATE ONLINE All contributions to A New Lease on Life and TAA's Education Foundation are tax deductible as they are 501(c)(3) organizations.

NLOL organized a 5k team at the Cary Unity Walk & Fun Run with t-shirt sponsors and race registrations raising $10,770!

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Learn more about each program on our website!

Credential Scholarships Awarded

TAAEF Board of Directors Raised

$38,020

Scholarship Fund Partners "Take 5" Reverse Trade Show Donation Walls & Stars

TAA Education Committee Raised

$5,879

TAAEF's "Take 5" Reverse Trade Show raised a record breaking $30,185!

"Battle of the Baskets" Since TAAEF's inception, 63 scholarships have been awarded.

TRIANGLE APARTMENT ASSOCIATION

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Advocacy Achievements

$13,987 RAISED The July Government Affairs Committee meeting was held at Liberty Warehouse in downtown Durham and At itsApartments October meeting, the TAA Government Rep. Mickey Michaux, Rep. Mary Ann Affairshosted Committee hosted our endorsed candidates Black, Sen. Mike Woodard, Sen. Floyd at Bainbridge Lake Crabtree in Morrisville.

McKissick, Pro Tem ColeThank you toMayor everyone whoCora attended!

McFadden, and Mayor Bill Bell.

8 of the 9 political candidates endorsed by TAA-PAC won their races!

In collaboration with AANC and other affiliates, we successfully advocated for the passage of SB 224, which enshrines in law the ability to collect fees incurred during the eviction process.

90 TAA Volunteers participated in Legislative Days at AANC's Education & Legislative Conference (Cover Photo)

TRIANGLE APARTMENT ASSOCIATION

TAA Volunteers at AANC's Education & Legislative Conference met with Senator Rabin

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Supportive Sponsors

Thank you to the following companies who supported the TAA in 2018 by sponsoring a class/event or advertising with us. We wouldn’t be able to do what we do without them!

1st Choice Construction Management, LLC

Loebsack & Brownlee, PLLC

ACES Cleaning Service, Inc.

Maintenance Supply Headquarters

AFR Furniture Rental, Inc.

Night Owl National Contractors, Inc.

Apartments.com

PetScreening.com

Automatic Leasing Service, Inc.

Pioneering Technology Corp.

B2BUV, LLC

Ponce D. Moody Funding, LLC

BG Multifamily

PowerMaster Electric, Inc.

BluSky Restoration and Roofing

Real Floors, Inc.

Brownlee Whitlow & Praet, PLLC

Red Rhino Group

Career Strategies, Inc.

Redi Carpet, Inc.

Carolina Restoration Services, Inc.

Rent Ready

CORT Furniture Rental

RentPath, LLC

Drucker + Falk

Rentping, LLC

Element Service Group Mechanical

Response Team 1

Elite Flooring

RestorePro Reconstruction, Inc.

Elite Property Services

Rite Rug Flooring Company

Epproach Communications

SERVPRO of N Raleigh, Wake Forest & N Durham

Full House Marketing

Sherwin Williams Paints

Google Fiber

Spangler Restoration

GreenView Partners

The Liberty Group

Groundworks Landscape

Tidal Electrical Services, Inc.

HD Supply - Facilities Maintenance

TradeMark Property Services, Inc.

Kindberg Contract Services, Inc.

Trane Company

Leaf & Limb Luxer One - Locker Solutions

Turner Asphalt, Inc. Valet Living, LLC Below: December After Work Networking Toys for Tots Drive

TRIANGLE APARTMENT ASSOCIATION

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Business Partners

A special thanks go to the 2018 Business Partners for their dedicated support of the association.

Each year, by underwriting multiple TAA networking and educational opportunities, they elevate the level of benefits we are able to provide to our members. Their investment includes exclusive sponsorships and heightened exposure throughout the year.

TRIANGLE APARTMENT ASSOCIATION

WWW.TRIANGLEAPTASSN.ORG

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Financial Reporting

Statement of Financial Position

Below: Multifamily Mind Seminar

TRIANGLE APARTMENT ASSOCIATION

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Financial Reporting

Statement of Activities

TAA Board of Directors Day of Service

Distribution of Income

Chart includes accounts greater than $1000 TRIANGLE APARTMENT ASSOCIATION

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Testimonials TAA has provided me with countless networking opportunities and has greatly aided my transition from Property Manager to a great role as a vendor/supplier!

- Akeshia Thomas

TAA has given me a platform to create new friendships and relationships. Most importantly, to serve with people who care about making our corner of the world a better place. At the end of the day we are all working together to provide people one of life's most important things, - Josh Scholl their homes.

TAA has been extremely valuable to my professional career. The educational offerings, the networking opportunities, and the volunteer roles have helped me tremendously.

- Julie Chu Zhang

Moving back to NC after being away for 22 years, and in a different career path altogether, had its challenges with knowing relatively no one here in the Triangle area. Becoming actively involved with TAA and in its committees and events has proven to be quite beneficial and rewarding.

- David Lowery

Check out our Facebook page for more testimonials of how TAA has helped our members personally and professionally in our Monday "Volunteer Spotlights".

TRIANGLE APARTMENT ASSOCIATION

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Board of Directors President Claire Michael, CAM Fairfield Residential, LLC

Vice President April Vasta, CAPS, CAM

Treasurer Kelli Lea, CAM, NAAEI

Blue Ridge Companies, Inc.

Greystar

Secretary Rita Zepeda, CPM, CAPS, CAM, ARM

Immediate Past President Andy Meador, CAMT

PRG Real Estate Management, Inc.

McDowell Properties, LLC

Directors Rob Boggs, CAM

Julie Chu Zhang, CAPS, CAM

TriBridge Residential, LLC

Bell Partners, Inc.

Berry Craven, CAMT

Steve Hayworth

Ginkgo Residential, LLC

Drucker + Falk

Kristi Henderson

Craig Nardi, CPM

Redi Carpet, Inc.

S.L. Nusbaum Realty Co.

Cindy Nitschke, CAS

Rebecca Rosario-Bueno, NALP, CAM, NAAEI

Valet Living, LLC

Full House Marketing

Judy Wade, CAPS, CAM

Chris Williams

TradeMark Residential Properties, Inc.

RentPath, LLC

General Counsel Norm Praet Brownlee Whitlow & Praet, PLLC

TRIANGLE APARTMENT ASSOCIATION

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Committee Co-Chairs Education: Paula Kotarakos Derek Tarrant Kathy Woodard

Government Affairs: Katy Boone Craig Nardi

Independent Rental Owner: Michel Charbonnier Tim Masters

Membership: Robyn Gastol Elizabeth Godwin Riley

PR & Community Outreach: Bret Smith Akeshia Thomas

Products & Services: Chad Anderson Chris Fortune

Special Events: Becki Hale Cindy Nitschke

XCEL: Rob Boggs Josh Scholl

TAA Staff Josie H. Eatmon

Suzanne Pratt

Executive Director

Director of Professional Development

Vicki Franciosi

Susan Williams

Meetings & Events Director

Finance Director

Dustin Engelken

Candace Patrick

Government Affairs Director

Membership & Marketing Manager

Meg Palumbo

Alyssa Clair

Communications Manager

Education Coordinator

Jessica Esposito

Dan Pauley

Events Coordinator

Accounting Associate

Ariel Rosario Member Services Coordinator

TRIANGLE APARTMENT ASSOCIATION

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What's Next?

Get Involved Join a committee and help shape the future of the association!

Register Online Register online NOW for the next upcoming event or class. Get out there and meet new people!

Spread the Word We are always looking for new members.

If you know someone who could benefit from being a member, tell them about us!

TRIANGLE APARTMENT ASSOCIATION

WWW.TRIANGLEAPTASSN.ORG

7920 ACC Blvd., Suite 220 Raleigh, NC 27617

Ph: 919-782-1165 taa@triangleaptassn.org www.TriangleAptAssn.org

/TriangleAptAssn @nctaa