Monday, April 21, 2008

IMPOSSIBLE IS NOTHING.

Ordinary people believe only in the possible.  Extraordinary people visualize not what is possible or probable, but what is impossible.  And by visualizing the impossible, they begin to see it as possible.
-Cherie Carter-Scott

Everyday we ask each and every one of you to go out and do the impossible.  Whether it be making a resident happy with a difficult situation, leasing up a building in the dead of winter, financing a project in a market where no one is getting financing, completing a project on time and on budget when the budget and time were impossibly tight, or buying a building that everyone said can't be done.  And guess what every week you are doing it and even exceeding my expectation.

Last week was a great week.  We did all of the above and more.  First, Chuck Rich led the finance department in refinancing all of our cash investment in our Park Greenwood project.  The impressive past is that it was done 13 months after we acquired the property and at rates significantly lower than what we originally projected for the project.  Great job Chuck.  Accolades also go out to Ian and his leasing group that took this property from 75% occupied to 94% in less than 6 months.  The construction group obviously did a great job of moving this project on time and budget.

We closed difficult acquisitions deals in both Kansas City and Albq. last week.  Both are great deals that will fit in well with the Signature Community we already have established in those markets.  Good job Dave Mclain, Matt Weissman and Kunal Chothani.

While everyone else was closing deals last week Brian Kroker and I were out sightseeing.  He and I were on an early exploratory trip to Dubai in the United Emirates.  What we saw was nothing short of impossible growth.  roads that didn't even exist 15 years ago are now blanketed with some of the world's largest and most expensive high-rises.  We were there to discuss with partners the start of a division of Signature Community in the Middle East.  I will keep you appraised of our progress on that front.

Great things are not done by impulse, but by a series of small things brought together.
-Vincent Van Gogh

Just remember at NWJ/Signature impossible happen.

Thanks everyone for your hard work.

Nick


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