MilleniuM Real Estate Advisors was
selected to assist AIMCO in their deliberations related to possibly repositioning the Merrill House Apartments located in Falls Church, Virginia, from a class C/B property to a class-A property.
Our analysis was incorporated as one of several internal research documents. It consists of statistical analyses and summary narrative that highlighted the relevant:
- Economic context
- Supply analysis
- Demand analysis
- Market overview
Our examination included an in-depth analysis of competitive properties as well as a demographic and data analysis of the local markets -- focusing on both a primary target area and a larger secondary market.