COMMERCIAL REAL ESTATE
Conventional Apartment Management

Services Provided
Conventional Apartments
Statistics
Not-for-profit
Achieved 98% occupancy
Client
Client
Case Study
Conventional Apartment Management
South Bend, Indiana
Background
Strategy
Results
STRATEGY
Bradley Company began by evicting problem tenants. While this initially led to increased vacancy, it also provided the opportunity to completely remodel the units. In addition to new flooring, kitchen cabinets, and appliances, the exterior was remodeled and landscaped, and all the horizontal water lines were replaced to virtually eliminate all the water line leaks. More rigorous applicant screening was used to lease up the newly renovated units.
RESULTS
Occupancy has been steadily growing and calls to the police have declined approximately 90%. The property is now no longer a cause for concern in the neighborhood. The financial performance continues to improve as less money is spent on damages and repairs. The stability of the property attracts new residents, which improves the net operating income.
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