Case Study #2:

An 871-unit apartment complex was located nearby a college campus. Due to the high rate of brokerage and management fees, as well as the high student tenant turnover, the expenses were extraordinarily high. MJ Stone provided both an Actual and Market Pro-Forma, with supporting documentation derived from current market conditions.

We were successful in having the overall assessment reduced resulting in a tax savings to the property owner of approximately $193,000.