Special Edition
IN THIS ISSUE
CONTENTS . . .
7 COVID-19 STATEMENT FROM SAAA
Instructions and links to help during this pandemic
17 VIRTUAL PAC BUSINESS EXCHANGE
Special thanks to the companies who participated
19 RENTAL ASSISTANCE PROGRAM
Information for residents to apply for help
20 MULTIFAMILY PERFORMANCE
An update from ALN
22 NEW CITY ORDINANCE REQUIREMENT
Notice of Tenant Rights Ordinance
27 NEW MEMBERS
Welcome to the SAAA family
33 PROFESSIONAL DEVELOPMENT
Upcoming education courses from SAAA
San Antonio, TX
General Overview
Jun
Conventional Properties
Annual Chg
2020
Occupancy 89.0 -1.4%
Unit Change 5,495
Units Absorbed (Annual) 2,838
Average Size (SF) 848 +0.1%
Asking Rent $1,041 +0.6%
Asking Rent per SF $1.23 +0.6%
Effective Rent $1,015 -0.1%
End of June, 2020
36 CARES ACT FLOWCHART
When a resident fails to pay during Covid-19
37 RESOURCES
Resources to combat homelessness
Effective Rent per SF $1.20 -0.1%
% Offering Concessions 40% +26.8%
Avg. Concession Package 5.6% +7.3%
Market Breakdown
# # % of Avg Average Rent Rent Concessions
Market Props Units SF Mkt Eff Offering Avg Package
Property Type Occ. Props
Conventional 79% 986 182,976 89.0% $1,041 $1,015 40.0% 5.6%
848
39 VIRTUAL MAINTENANCE MANIA
Information on this year’s event
www.saaaonline.org | AUGUST 2020 SPECIAL EDITION 3