10 Federal Achieves 5.36% New Lease Rent Growth YTD on its Multifamily Portfolio, Achieves Top Rated Community in 80% of its markets

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Nov 29, 2016, 03:05 ET

RALEIGH, N.C., Nov. 29, 2016 /PRNewswire/ -- 10 Federal announced today that its portfolio of multifamily properties has achieved New Lease Rent Growth Year to Date of 5.36%. Further, 10 Federal's properties have achieved the 1st or 2nd highest ranking on ApartmentRatings.com in 80% of the towns where 10 Federal has a presence.

10 Federal attributes these successes to our on-site teams that are trained to leverage technology to provide a better level of service. The technologies allow 10 Federal to be more responsive to residents' needs, achieve maximum pricing in the market, better analyze operational data to fine tune performance, and streamline many back of house operations.

10 Federal is amongst Yardi's most prolific users of Yardi's full menu of technologies per Amy Gerritsen, a Senior Sales Executive for Yardi.

Amongst the modules 10 Federal used to achieve the New Lease Rent Growth and ApartmentRatings.com success include the use of Yardi's Rentmaximizer lease rent optimizer algorithm and the electronic work order system.

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10 Federal is a diversified real estate company headquartered in Raleigh, NC. Through a combination of vertical integration and leveraging technology to improve performance, it is 10 Federal's mission to deliver a superior product to its customers at a superior value to the competition. 10 Federal acquires, develops, constructs and manages multifamily and self storage properties in North Carolina.

SOURCE 10 Federal