Multifamily Property Brand Activation
A brand gets built, and fully developed to set a property apart. But what happens if it’s never put to work, and activation happens too late?
Brand activation is crucial to drive engagement and create a successful leasing machine in multifamily. If you don’t allow space and opportunity for a brand to connect with its desired audience, the value prospects place on your brand won’t be strong or stable.
Instead: create a marketing strategy that builds up your brand’s image and encourages your prospects and residents to take action. Brands today often have fewer physical touchpoints. Activating the brand early brings it to life, creating brand awareness for your prospective residents.
There are six key disciplines within brand activation worth exploring. Keep reading if your brand is “ready to connect”.
When to Activate Your Brand
Marketing teams shouldn’t wait until the last minute to activate their brand. Brand activation should be part of the equation from the start. Historically, maybe you did “fine” in the past without pre-leasing so early—but what worked before might not keep working in your favor.
EARLY ACTIVATION FOR NEW CONSTRUCTION
When building a new ground-up development, that community’s brand activation should be integral from the beginning, with brand development occurring 18-24 months before the first units are delivered.
For example, once the brand is established, create an interest list landing page (“Interested in living at Palms Place? Drop your email here, and you’ll be the first to know when our units are ready to lease!”). Then begin driving traffic to it through all forms of brand activation—see the next section.
WHY ONGOING ACTIVATION IS KEY
Lease-up period calls for activation. But after the lease-up hits your goals…deactivate? No! Don’t ever “deactivate” your brand. While your occupancy may be high, failing to continue to activate your brand through various channels can lessen your “top of mind” status for your residents and prospects. When a brand is at the top of a list, that’s the worst time to rest on your laurels. Continue marketing and maintaining brand awareness for prospects—it’s the best way to keep occupancy up.
The Six Disciplines of Multifamily Brand Activation
#1 COMMERCE MARKETING
How a company goes about generating commerce is commerce marketing—making the connection between the product (apartment units) and sales (leases signed).
How can you achieve this with multifamily communities?
Online, activate the brand using the community website. Align it fully with your brand’s visual and verbal identity, and make sure that it’s consistent across channels so your prospects recognize and trust you.
In person, activate the brand in the physical spaces of your community with branded signage, interior design/art, and printed collateral. Your move-in guides, welcome packets, and clubhouse lobby should all feel cohesive. (This is where your prospects are deciding whether to sign the lease.) And if you’re under construction, fence banners, leasing trailer banners, and “Coming Soon” signs near intersections are all part of it!
#2 CONTENT MARKETING
The best way to be top of mind for your prospects is through proving your usefulness. Engage your prospective residents with content that they want to have. This could look like tips on moving, furnishing small spaces, how to keep up with a young professional lifestyle, and plenty of neighborhood “hit lists”.
Brands that feel more relevant to their target audience have likely created useful content. This can be accomplished through timely blog posts, creative social media, and email newsletters. If you want your brand to be sought-after, make yourself useful.
(Likewise, if you want your brand to be recognizable, be consistent across your channels with brand voice and tone.)
#3 EXPERIENTIAL MARKETING
“And how did that make you feel?” is no longer just a line reserved for therapists addressing their clients. It could now appear in a post-marketing experience survey
Create events that prompt residents and prospects to take action. When residents can interact with the brand through an in-person community event, your brand has the opportunity to make a lasting impression.
By hosting neighborhood pop-up events (like a volunteer sign-up fair for local nonprofits!) you can show off the community’s friendly, neighborly spirit. Other ideas, like fitness classes or food truck gatherings can bring your community together and create a stronger feeling of connectedness. If community is part of your brand, plan to prioritize these types of events.
P.S. Bonus points if it’s “instagram-worthy” with decor or giveaways—that could get you more traction with the next brand activation tactic.
#4 INFLUENCER MARKETING
While this idea of “influencers” is a bit polarizing, it’s still a way to connect on an emotional level with your prospects and residents—because it’s deeply human.
Real residents can be your brand advocates. By using their testimonials to make content, you can step to the side and let their experience speak volumes. Choose your most loyal, satisfied residents to help you with this.
Pro-tip: Try partnering with Rentgrata. They enable residents to share their experiences directly with prospects. Creating transparency and access is a huge step toward trust and loyalty (and future brand ambassadors).
#5 PROMOTION MARKETING
Everyone loves a deal. Costco gives out samples. Grocery stores mail coupons. B2C companies create sweepstakes: “Win a $15,000 home makeover!”
But how can multifamily brands better activate using promotions? Time it right. Create incentives and special offers that promote your community before you think you need to. Use promotions to activate earlier and with more frequency. For example, for pre-leasing, drive urgency: “If you’re the first to reserve a new unit, you get a $150 gift card!”
Again: everyone loves to get more for less—so if you create a promotion, try it through multiple channels and see what sticks. This could be time-based (lease by the end of October and get one month free rent!) or referral based: “Tell a friend, and get a $200 gift card when they sign a 12-month lease.”
Run the promotions through direct mail, social media ads, email campaigns (or newsletters) and through digital display ads.
Generally, once your promotion has run its course, your prospect should feel happy enough with the value they received that they will want to stay. The promotion is the way to get them (or their friend) in the door.
#6 RELATIONSHIP MARKETING
The human element of marketing cannot be underestimated. Your leasing agents are the bread and butter of your brand—the original brand ambassadors.
Each interaction, each phone call, each tour—they all add up into a total brand experience. Every positive interaction with a prospect is an opportunity to build up your brand on a human connection (sometimes in person) and solidify in actuality the culture you’ve built in theory.
This looks like: training leasing staff to understand your mission, vision and values—particularly as it relates to customer service, and personal touches during tours, follow-ups, and resident events.
How to, Really: Multifamily Brand Activation
What does multifamily brand activation look like in the real world? It’s likely less complicated than you think.
An excellent brand + marketing strategy = brand activation
For example, an urban luxury community could create a pre-leasing landing page and set up a targeted influencer campaign at the same time. Create a brand, then create buzz.
Or, a community in the suburbs might focus on experiential marketing through hosting monthly resident events. By showing off their resident events on their website and social channels, it helps residents feel connected through the events and develops excitement for prospects.
Brand activation should be continuous. Just as you wouldn’t (or shouldn’t) take too long a pause from updating your social media feeds, you shouldn’t assume that your brand will remain top of mind without consistent marketing. Continue to engage prospects and residents so your brand maintains its status and keeps your leasing pipeline running smoothly.
If you’re not sure which brand activation method to choose—or you have something in mind but don’t have the time or energy to get it done—reach out to Zipcode Creative. We’re happy to help you create a tailored brand and leverage your marketing strategy to activate your multifamily brand.