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Get Back to Basics, Multifamily Owners Advised

DENVER-Washers and dryers, concierge services, homebuyer programs and health club facilities offer the biggest bang for the buck for multifamily rental owners looking to improve their properties, says Greg Gulley, president of Omni Properties.

By John Rebchook | Updated on March 29, 2002

DENVER-Greg Gulley, president of Omni Properties, one of the largest local owners and managers of multifamily rental properties in the metro area, recently sat down with CB Richard Ellis brokers Steve Rahe and Craig Stack to discuss the market. Rahe and Stack shared Gulley’s comments with GlobeSt.com.

The first thing they asked Gulley was what strategies he is using to protect against vacancies and slowing rents.

”In February, slower traffic at many of our communities was the first indicator that the 10-year party might be over,” Gulley says.

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