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Author: Stacey Feeney

Empty Nesters: Branding for Resident Personas

The most common resident persona in multifamily is the career-focused, non-homeowning young professionals. But don’t forget about those who just launched those young professionals into the world: empty nesters. This group of renters are the second most targeted group for apartment living.

Knowing the purchase habits, preferences and ideals of a specific demographic can help you understand and cater to empty nesters for your apartment community as you tailor branding and marketing.

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Who Are Empty Nesters?

Empty nesters are individuals who have children that have left home to go on to school or careers and live their own lives. Empty nesters are typically 50-65 years of age, with early 60s about the average.

This group is extremely diverse, from younger empty nesters whose children have left for college, to the older ones that are closer to retiring. Depending on the generational trends, whether they’re Baby Boomers or late Gen X, they have differing values, lifestyle preferences, and financial means and priorities.

EXAMPLE STATS

There were two groups of empty nesters that we explored for these statistics, and while they have some items in common, their age, hobbies, and values varied a little.

For Group 1:
Age: 60-64
Household income: $75-100k
Household size: 2 people
Common leisure activities: Pets, mall shopping, music, sports, retail.

Home Values and Priorities: Like to stretch their money, and obtain information and news from TV channels and TV shows. Enjoy fast food and fast-casual restaurants.
College education: ~35%

For Group 2:

Age: 65-74
Household income: $75-100k
Household size: 2 people
Common leisure activities: Yoga, golf, running, grandparenting, dogs, food, music, traveling.
Home Values and Priorities – Staying active and healthy; are retired, or nearly retired. Appreciate amenities that help them maintain their health and activity.
College education: ~41%

Empty Nesters in Market-Rate Apartments vs. Senior Living

NOT SEEKING OUT SENIOR LIVING

But which of these empty nesters prefer age-segregated living? Many don’t see themselves as seniors and aren’t ready to dive in the early-bird specials and senior discounts at Denny’s. They’d rather seek out market-rate apartments that offer amenities that align with their modern, active lifestyles.

While empty nesters may be downsizing, they aren’t likely ready to stay at home and have it all “in one place.” Their sense of adventure, hope for regular activity, and penchant for travel might be dampened by a spot that’s specifically for seniors. Empty nesters would rather have flexibility—they’d like an apartment community that supports their lifestyle that’s in an in-between phase that brings access to vibrant, walkable neighborhood amenities.

WHY MARKET-RATE FOR EMPTY NESTERS?

Empty nesters are still an ideal target for regular (market-rate) apartment marketing. Empty nesters still have a significant population that is younger than 55—they aren’t even eligible for age-specified communities. After owning a home, they may be ready to move on from consistent home management and maintenance to simply renting and enjoying closeness to the bustle of the city (now that they don’t necessarily have to hustle). Plus, they pride themselves on their still-active lifestyle. Instead of days filled with puzzles and herbal tea, they are more into pilates and boba. Staying up and moving is part of their day-to-day, and they’re not about to release that aspect of their youthfulness.

The Importance of Branding for Empty Nesters

TAILORING THE BRAND

It’s one thing to brand an apartment community to reach young professionals. It’s quite another to also attract another demographic of empty nesters. Tailor your brand and marketing to empty nesters by staying aware of their preferences, positioning your amenities to attract them, and showing off the highlights of your neighborhood. And, as the multifamily space becomes more and more competitive, it helps your community stand out when you can appeal to another demographic—especially one that’s growing, as more Baby Boomers and Gen Xers become empty nesters. So: tailoring your brand to appeal to their values of quality, comfort, and simplicity can help guide the way you brand and market your spaces.

UNDERSTAND THE PERSONA

Developing your brand should stem from the ultimate goal: reaching the target audience. And if you know you’re attracting empty nesters, it’s best to understand that group of people. Bring in data points and statistics to inform decisions about the overall brand development.

For example, incorporate their preferences for:

  • Modern amenities
  • Smaller, but upscale spaces
  • Walkable communities
  • Convenient locations near urban centers

Highlight each of these amenities and offerings in your marketing, and ensure it’s part of the perception of your overall brand. Talk about it, show it off, and highlight it on any tours, whether virtual or in-person.

Apartment Branding Strategies to Reach Empty Nesters

GO BROAD

A broad branding approach can help you appeal to empty nesters. In design, go conservative, but modern. A simple and timeless set of aesthetics can show a side of sophistication while also highlighting the practicality of your community.

Because your target audience is hyper-focused on staying young, it makes sense to appeal to their desire to cling to youth and activity. In your messaging, focus on the themes of active living, convenience, and a lifestyle that’s far more maintenance-free than before.

In addition to a life that’s maintenance-free, it’s also extremely flexible and has a sense of freedom. Because so many empty nesters enjoy traveling, you can focus on how easy it is to live in a space that doesn’t require yard care, trash pick up and plenty more.

In terms of amenities, think carefully about what you offer—empty nesters will be more satisfied with amenities that feature quality over quantity. High-tech amenities like smart features and keyless entry are less likely to appeal than a really nice dog park, for example. Go quiet and upscale rather than trying to offer several amenities that aren’t top notch.

CONSIDER BRAND VOICE

Your brand voice is another aspect that can either attract (or distract) from your community. Find a way to balance your brand voice, with an optimistic but not too trendy use of words and style. By talking about your property as the “next chapter” it feels like that natural next step (without mentioning retirement, per se.) Most of all, you want to offer and provide ease of living—rather than inactivity, a life of chosen activity and hobbies and access to everything residents desire.

Empty nesters are a key resident persona—and it will help set your community up for success if you take note of their preferences and desires. By knowing their needs, you can fulfill them. By understanding their lifestyle (budget, spending habits, and hobbies) you can create a brand that will blend seamlessly into the life they’re envisioning after their kids have “flown the coop”. 

In crafting your brands—reflect the demographics you want to reach, or adjust your branding to attract and retain the empty nesters that are becoming a growing percentage of the renting population.

Branding by Zipcode Creative – Ask the Founder

For Stacey’s birthday, we flipped the script—and decided to let you in on a round of Ask the Founder!

Making a living at being creative isn’t just about knowing color palettes—but running Zipcode Creative is truly a labor of love, finding what works and what doesn’t both with visual and verbal branding as well as within the realm of multifamily.

We do things a little differently. Because our brand founder and creative director Stacey Feeney, takes a different approach. So we picked her brain as our gift to you!

What are your all-time favorite brands? Why?

Stacey: Two come to mind.

Subaru. I love the culture they’ve created around their vehicles. They are THE outdoor adventure car. It’s a movement, really. Mostly, they’ve done a great job of identifying their ideal customer and tailoring their brand and marketing to speak directly to that person. The thing is, they are not the most rugged off-roading vehicle brand and their features really put them in a higher class, but they’ve made a reputation for themselves as being the must-have brand for the outdoor enthusiast. I recently moved to Colorado and sure enough: I go on a hike and 80% of cars in the parking lot are Subarus. I also have one, so I guess it worked on me, too.

Secondly: Kimpton Hotels. I’ve consistently been drawn to Kimpton hotels whenever I travel. They do such a great job of branding the experience through thoughtfully curated interior design that extends into branding. Their features, amenities, and design make you want to stay and spend time in the hotel—more than just using your room as a place to lay your head after a day out on the town you’re visiting. Multifamily can learn a lot from looking at this adjacent industry gem.

What creative work do you do in your own time?

Stacey: I often develop brands for either pro bono/charity work, friends and family, or occasionally we will take on a client outside of the multifamily industry just to bring variety into our day-to-day and keep our creativity flowing. Variety spices things up—we get this through taking on a plethora of project types. For example, I recently created a brand for my cousin—she’s starting a food truck business in Indiana: loaded baked potatoes! My favorite bit: All the clever plays on her name: “Taylor”. Tay’s Tayters is the business, but there are a bunch of fun brand voice additions—see if you can spot them all!

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Other pro bono projects we’re currently working on:

  • Creative for the Multifamily Mentor Matchmaking group’s new website in partnership with Resi
  • Branding for Project 29:11’s “Community Building Through Community Giving” program. 

How do you stay up to date on trends and stuff?

Stacey: Looking both outside of the industry and within is important for this. Hospitality is a great place for me to start because it’s extremely similar to multifamily, and is an adjacent industry, really.  I love keeping an eye on hotel brands because the experience and offering are very much the same, but length of stay is the main difference (short-term vs. long-term).

But: even outside of industries similar to multifamily, like hospitality, it’s good to see which brands our ideal residents engage or identify with. For example, the adventurous or outdoorsy type of persona might resonate with Patagonia, North Face, Subaru, while the health-conscious may be drawn to Whole Foods or Lululemon.

In my day-to-day, Pinterest is a big part of staying up to date for me. It’s a classic, tried-and-true place to see trends and then document them in boards to help my team see the vision.

In your opinion, what’s the biggest challenge in brand development?

Stacey: First challenge is the educational piece.
We always want to make sure clients understand what branding really is (so much more than a logo!) The verbal identity is particularly difficult to grasp at times, because it’s not something that feels tactile or visible in the same way that typography, textures, and palettes do.

My team and I work really hard to produce content all year long that helps educate and shed light on branding: what it is, why multifamily needs it, and the benefits of a well-crafted brand.

The second challenge is strategy balance.
Doing the work in research and deep discovery then strategizing on brand positioning for the right audience…it’s all super important! Yet the thing that makes this the most challenging is when stakeholders have strong opinions that end up trumping our expert advice backed by the research we’ve done and the strategy we’ve developed. It’s always finding the right balance of pleasing owners and stakeholders while also ensuring we are positioning the brand to target the right customers.

The definition of success for us is working with you so you’re happy and your brand works.

Where do you find creative inspiration? What’s the strangest thing/place you’ve drawn inspiration from?

It’s funny how many random things can spark inspiration for me. It could be anything really. Sometimes I get inspired by fashion brands, sometimes it’s car commercials, but usually it’s the most random little detail I come across in my daily life. Lately I’ve been taking photos of the various moss/growths on rocks when I’m on hikes because I love the natural color palettes I find there (and in nature in general). 

What’s the most valuable lesson you’ve learned over the years as a founder and creative director?

As a brand founder I’ve learned how to multitask really well. Ha! But also that I need to delegate because I can’t do it all. So: hiring good people that you can trust. 

I’ve also learned that just because it’s an industry norm or a business standard process doesn’t mean it’s the right fit for me and my company. I am always asking questions and soaking up advice like a sponge from a variety of sources, but at the end of the day I get to make the calls and I often find myself doing something outside of the box because it feels right for me and how our clients experience us. 

As a creative director I’ve learned not to take it personally when a client selects artwork that isn’t my own favorite concept or option. Ultimately, creative choice is subjective. This also goes back to one of the challenges I mentioned previously: Finding the right balance between what we believe will resonate best with the target audience and what the client wants…and what I personally like! 

Branding an Apartment Community – A Day in the Life

Come along for a little “day in the life” in which we brand an apartment community. First things first: A little caffeine. Then it’s creative juices and collaboration to the max. Our client makes the first move with…a brand questionnaire.

1. Brand Questionnaire

The Brand Questionnaire is the best way of introducing the brand to us. You fill in the information, and it’s one handy place to see everything you know about your community, location, and your audience.

We’ll ask the facts, figures, goals, and details of the property and of your brand. We’ll seek out inspiration from you through the target residents as well as positives about the location of your community. History, location, and the way you are the solution to a problem all come together to inspire the next conversation. 

2. Creative Kick-Off Call


REVIEW BRAND QUESTIONNAIRE

We’ll take some time with you and kick off the branding process by reviewing what you’ve said. Sometimes it’s about clarifying something you’ve noted, and other times, it’s just way more fun to have a real-life conversation. So much is revealed when we just sit down to chat about your brand.

MAJOR DOS/DON’TS

Then, we’ll check in with some deal breakers. Can’t do orange in the logo? The owner “needs” to see a concept with XYZ in it? We’ll note it and use it. If you have red flags and major dos or don’ts, now is the time to tell us!

3. Research and Discovery


Now that we know the client’s hopes and dreams for your community, we commence the research portion! 

Depending on the level of brand package chosen, we go in depth in varying degrees. For our premium level brand package, our learning and discovery is in depth to the point of persona research, competitor comparison, location analysis, and plenty more detail that gives us the ultimate insight into the current landscape and the clientele that will be most interested in living in our client’s community. Wondering about those details?

We look at:

  • Demographics
  • Geographics
  • Psychographics
  • Buyer Behavior
  • Generational Data
  • (Probable) Customer Journey
  • Location Offerings
  • Competition

Each of these serve to give us a full picture of the way your community will solve a problem, beat the competition, and reach ideal residents.

4. Naming

It’s worth noting that, of course, none of this is done in a single day. But we wanted to walk through the process to show exactly how much data and details go into every brand we develop for our clients. It’s very likely that on any given day, a member of our team is working on one of these steps!

As creatives, we have to be feeling the creative juices. It can take some time to feel inspired. Sometimes we have to switch up the mood and location to find that inspiration. While it’d certainly be cool to be able to name an apartment on demand or at our client’s command—it’s not always possible.

But we take the details and data, and follow a process, and work through those creative blocks with a walk (probably to the local coffee place) or a tiny dance party. (Our mixtape playlist for your listening pleasure)

Naming an asset is a tricky one. But it’s so cool when we nail it and the client loves it. It’s worth every moment spent agonizing over spelling, inspiration, and research.

PROCESS

We brainstorm. We throw it all against the wall and see what sticks. Meaning comes first. Then: We consider the ideal resident, the type of community, the surrounding area’s vibes and history, the style of the building, surrounding street names, and local flora and fauna. We take it all into consideration, and find something that balances meaning and originality pretty darn well.

VIABILITY

Speaking of originality, we have to see if the name is as original and creative as we thought (think: success instead of cease-and-desist letters). We cross check your name with a:

  • Business name search
  • Trademark registry search
  • URL search
  • Social media handle search
  • General Google search (we don’t want to name your place after a men’s hair loss cream

Too much competition = confusion.
Too difficult to spell = also confusion.

We ride the balance and find you something that works (and that you’ll be excited about)!

5. Strategy

Then, we take all of the above, add it to a magic 8-ball, shake it up and see what we get.
Absolutely not, nope! It’s strategy time. That research, the brand questionnaire, our conversations in the kick-off call, all serve as a stepping stone in the brand strategy.

Plus: we take the facts and details about a community to tailor that strategy. We consider the community’s:

  • Interior design plans
  • Architecture plans & finishes
  • Amenity package

…and develop the perfect meld of every factor to create a brand strategy that will speak to the identified ideal resident.

6. Logo Design


Strategy is set. We know the direction we’re headed. Time to create the face of the brand: the logo. 

The logo serves as the first impression, and holds a lot of weight. We do say “The logo isn’t everything.” But: It is something. It’s meant to evoke emotion and give insight into your brand’s personality. A strong logo is based on strategy—and helps push your identity forward with colors, shapes, typography, and imagery, all combined into one.

The other bit that’s important about logos: Brand recognition. Without the golden arches, it just wouldn’t feel like McDonald’s. Without that classic swirly typeface, it just isn’t quite the same Saks Fifth Avenue.

Read more here on logo design from start to finish.

7. Visual Identity

And the Oscar for Best Supporting Actor goes to: VISUAL IDENTITY! Each of the pieces of a brand’s visual identity are visual cues that become memorable to the prospects and create brand recognition. We’re talking: colors, design elements, and imagery.

COLORS

The color palette for branding apartments is far more important than one might believe. Use color psychology to your advantage, noting what each color can mean and how they work together as a group. We like to look for inspiration in the surrounding areas, in the architecture, or possibly even some of the art that will be on display at the community.

DESIGN ELEMENTS

Typography, shapes, patterns, textures, all come together to create the branding’s back-up. Every new choice and addition should work in tandem with the selections made so far. 

IMAGERY

Using a combination of stock photography and professional architectural photography, we can create an entire vibe with a set of images. It’s similar to creating a vision board—aspirations for what your brand is and can be.


WHY IT’S IMPORTANT

What prospects and current residents see is vital to your brand. It should align in truth with who the brand is—because every perception they come away with is like a tiny promise that you should be keeping.

The visual identity we create is made strategically to speak to the right audience. Every choice is a conscious one. Because we’re so passionate about getting it right, we create three sweet visual identity concepts (at minimum) to help you hone your desires for the brand. We know that seeing examples can help you focus in on what you want and don’t want, so having more than one choice is the best way to move forward. Kind of like at the optometrist:

Better 1
Or
Better 2?

8. Verbal Identity

You didn’t think we’d end there with our work, did you? Of course not. Brands need a well-crafted verbal identity, too. Do NOT skip this.

Every factor we’ve already discussed comes into play for the verbal identity. The meaning behind the message. The context behind the content.

Who – If you know who you’re talking to, things get a lot easier. We create a particular Ideal Resident Profile (persona) to help tailor the brand voice.


What – When you know what to say (How a brand speaks—what the brand does and DOES NOT sound like) and what the brand archetype and personality is, then you have a clearer picture of how your brand would respond in any scenario, approach any occasion, and focus on with their messaging.

Why – Speaking of focus, crafting the mission, vision, and values along with the brand positioning statement injects soul into your brand. It’s not just about what the brand acts like, it’s about why the brand is saying specific things, prioritizing certain amenities, and creating a certain vibe with their message.


DON’T SKIP VERBAL IDENTITY

Your verbal identity comes together to create a brand that feels personal—something that your prospective and current residents can connect with on an emotional level. And creating clarity and consistency around that messaging is the ideal move. To that end, we create tagline options (“Remember Our Brand!”) plus a whole headline library for your use—in brochures, on the website, in ad campaigns. Along with that, the brand vocabulary gets even clearer with what words to use and what words not to use.

Because we love our clients and want them to succeed, we craft an overview, problem/solution,  products/services, and company culture paragraph with sample writing in the brand voice. There’s nothing like longer-form copy to help hone that verbal identity.

9. Concept Presentation Call


This is the most exciting and nerve wracking bit of the branding process for us. We love to be creative and make something that will set a community apart. During the concept presentation call, we’ll spend time collaborating and collecting your feedback. We don’t do much talking—because we want to hear every one of our clients’ unfiltered thoughts and gut reactions. When the dust has settled a little bit, we work on narrowing down the best direction.

Finding the balance between your vision and our guidance is always the best way forward. While we’re the strategy and design experts, we know you’re the expert of your brand. Because we’ve done the research on your ideal resident profile (IRP), competition, and how to achieve your goals, the target audience is always part of the vision as we work and collaborate to creatively develop a community brand.

So Many Steps! What’s the Return?

When our clients ask us about ROI for branding, we feel confident when we point out brand recognition, adding perceived value, and creating a streamlined resident experience. 

Is branding an apartment community the best part of our job? 1000% yes.

And it’s (arguably) the best part of marketing—because it’s the part residents relate to. It’s not the 10 billion emails you send that resonate or the ads you used to target them (however precisely). 

It’s what you say in the email.
It’s the name of your apartment community.
It’s the tagline.
It’s the color palette.
It’s the logo they’ve come to recognize across your marketing channels.

It’s consistency that boils down to trust. 

Multifamily Marketing Services Stack

We keep hearing about tech stacks—how they make things simpler and get you everything you need in the best way possible. But what if there was a similar solution for your creative and marketing services?

Being able to work with a handful of specialists—the artists that can help you with a variety of creative needs and services, can make your results so much better. Sure, it can sometimes feel simpler to get a one-and-done approach, but that means that you might be missing out on better results stemming from experts in specific fields. Jack-of-all-trades, master-of-none and all that…

However, there are so many options, it’s overwhelming. How can you build a custom stack of marketing services so you can keep your multifamily branding and marketing fully supported from end-to-end? (Do you like that tech-y lingo?) 

Really, we just want to make sure your community shines from start to finish, that’s all. We’ll outline the pieces (and partners) we recommend you fill in so that your brand can be at its best and your marketing services stack can function the way you need it to.

Specialize with a Marketing Services Stack

There are a couple reasons why having a pile—okay, stack—of creative Partners at your disposal is the best possible approach:

Get the best – Having an assortment of creative service providers means you can choose the one that works best for you, and is at the top of their game. Good reviews, good referrals, good results.

Combine to Conquer – Using multiple providers means better results rather than an all-in-one solution. With one or a handful of services, they have one focus. The product is specialized, and they’re not stretched too far beyond their abilities.

Integration for the win – You might choose one company for verbal and visual branding, while another is your best choice for website development. Simply because a Partner offers it doesn’t mean it’s their best offering. Find Partners that can work together and collaborate, so you get the best of everything.

Wondering where to go and who to hire for your marketing services stack? We got you. (Along with some of our faves, of course).

Branding

Partner: Zipcode Creative

Not to toot our own horn, but seriously: We love branding and we’re loud and proud about it.

Why this Partner: Our process ensures your multifamily brand is set up to stand out:

Research – We look at geographic information, competitors, and take your goals into account to create an IRP that you can reach.

Strategy – We take our research and create a brand strategy to reach your IRP.

Identity Creation – We bring your brand to life.

  • Name – We create a unique name for your community based on the vibe and what will attract residents—often inspired by your ideas.
  • Logo – A standalone graphic that represents you well.
  • Visual Identity – We’ll provide you color palettes, stock photography examples, patterns and textures that bring your brand to life as a feast for the eyes.
  • Verbal Identity – Your messaging is built up around a mission and values that are unique to your community, and have personality rooted deep.

Bottom line: Zipcode has been in the biz for a while. We deeply understand multifamily and bring more than a logo. We can get you a full, cohesive branding package that resonates with communities and prospective residents on a deeper level.

Website Development

Partner: RESI

At Zipcode Creative, we opted to not handle website development in-house. We wanted to stay fully focused on visual and verbal branding. RESI is our ideal partner for multifamily websites. They’re focused on custom solutions and seamlessly integrate with PMS systems (like Yardi and RealPage). We work hand in hand with RESI to ensure the brands we create for our clients come to life through their websites– or you can go right to RESI and be well taken care of!

Why this Partner: RESI are web experts. We partner to lead the design.

Bottom line: When we work together, our clients get the best possible branding across their digital platforms.

Copywriting

Partner: Zipcode Creative

We have some of the best copywriters around. And website copy is a fairly complicated game to play, especially when you’re working to balance SEO and your brand. We’ll get the formula right.

Why this Partner: We work within our existing process to create website copy that’s always clear and always consistent. Your community’s brand personality is short and sweet? We’re on it.

Bottom line: We make you visible with visuals we create and audible with messaging we craft. Your brand will always shine through.

Graphic Design

Partner: Zipcode Creative

This is where it all began! We started with visuals way back when and we’re still loving it. (And so are our clients.)

Why this Partner: We take your vibe, feedback, and ideas, and create design collateral that’s perfectly on brand. 

  • Print collateral? All of it! 
  • Direct mail? Yes, we know and trust a variety of printers around the U.S. 
  • Signage? Don’t leave your design up to chance—we’ll provide our designs to your local sign companies for production.
  • Digital Design? But of course. 


Bottom line: Every one of your digital assets (social media, ads, plenty more) will be ideally aligned and perfectly recognizable as you because they’re created by the same agency—us.

Resident Journey Marketing

Partner: HyLy

Why this Partner: HyLy is next level for email nurturing, chatbots, and AI-driven content. It’s not quite set-it-and-forget-it, but pretty darn close. At Zipcode Creative, we work with them to integrate your branding identity into HyLy’s system, creating a consistent experience at every touchpoint in the resident journey.

Bottom line: Be you (okay, your brand) all the way through. When you have partners that work together on the reg, your branding will be the thread that gets pulled through and passed from one Partner to the next, no problem.

Renderings (Floor Plans & Photorealistic Images)

Partner: Zipcode Creative

First impressions count for a lot. And when it comes to investors seeing an opportunity or a resident seeing “home” for the first time…you need to ensure you have the highest-quality for your multifamily communities’ floor plans and photorealistic images.

Why this Partner: We provide architecture-based floor plans in 2D and 3D so you can show up exactly how you want to down to the last detail.

Bottom line: We dot all the i’s and cross all the t’s. We’re totally committed to getting you the best quality imagery.

Sitemaps

Partner: Zipcode Creative + Engrain

Few of our partners have worked with us longer. Together with Engrain, Zipcode Creative makes beautiful, 2D maps (seriously, people come to us first for the sitemaps!) and Engrain makes them into a fully interactive map masterpiece.

Why these Partners: We’ve worked together for long enough to make the experience seamless for you, and immersive for your prospective residents.

Bottom line: Property sitemaps deserve star treatment. It’s how prospective residents get to know you before ever stepping foot on your property. 

Photography & Video

Partner: LCP Media

Why this Partner: LCP runs their biz nationwide. They can handle stills, 360s, or aerials. And it’s all sharp, high-resolution magic. They know what kind of photos and videos apartment communities need, and they’ll get them for you.

Bottom line: LCP is super reliable and you don’t have to end up sourcing photos in every city where your properties are located. It’s nice to just call up your pre-vetted pros and get them on photo and video duty, right? Right!

Social Media

Partner: Social Kapture

Why this Partner: Social Kapture is our go-to partner social media management that’s totally authentic. Seriously—no one will know it’s not you. We’ll help tailor your brand strategy for organic posts and paid social, and Social Kapture will carry it to the finish line.

Bottom line: When you go through the long, hard work of creating a brand, don’t let it fall flat with lackluster social media because you don’t have time. Instead: hire the experts.

Digital Advertising

Partner: Digible (for General Paid Media)

Why this Partner: Digible is a go-to for SEO/SEM and are especially renowned for their paid search services.

Partner: Apartment Geofencing (for Location-Based Advertising)

Why this Partner: They do exactly what they say—location-based advertising. It’s like throwing a lasso around a specific area and hitting prospective residents with your message. When used for a very location-oriented business, it’s magic.

Bottom line: Work with someone who is experienced with advertising—not with someone who “also offers that, too, I think!?” They’ll be familiar with the data and set-up needed to get you the biggest bang for your advertising buck—whether that’s through geofencing or through paid search ads.

Networking & Learning

Partner: Cadence Run Club

Why this Partner: The multifamily space is fun and loud and it can be tough to sort through the noise. At Cadence Run Club, we’ve found it’s super easy to network, share ideas, and learn from others

Bottom line: Helping run a community—you’re distinctly aware of how important community really is. With Cadence Run Club, you can keep up ongoing learning and growth as a multifamily marketer (or exec or Partner, what have you).

Why should tech stacks have all the fun? Create a best-in-class creative and marketing services stack, too, filled to the gills with the best. It’s certainly worth exploring how we can help you build your own stack, based on our experiences and how we best integrate with our fave partners.

It’s time to truly stack the deck—for your marketing success.

Your Multifamily Brand Development Budget, Unlocked

If you’re in the middle of making your budget, we wish you the best. (But you can at least have good music and strong coffee accompany us as we crunch numbers and figure out where to put our money.) Let this year be the year you give brand development the budget it deserves. This applies to you, corporate operator, and you, property-level brands, and everyone in-between. Your marketing budget could bring you up a few notches if you use it right.

Brand development is critical to every marketing budget. So prioritize it as a large component in your next budget to:

  • Differentiate your brand
  • Connect with your customer/resident
  • Increase ROI

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Why Brand Development Deserves More Budget

DIFFERENTIATE

It’s a sea of sameness out there. And no wonder, because so many apartment communities are offering wildly similar things: homes with amenity packages that look identical at first glance.

It’s time to stand out—by creating a brand identity that’s remarkable. By investing in brand development, you’ll be able to create a strong brand that resonates with potential residents. Set the stage and stand out.

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CONNECT

Humans want to connect. They want to find brands they can identify with, especially if they’re going to spend 30% or more of their income on rent and living expenses. Trust, loyalty, and comfort can be challenging to find in an apartment community. If your multifamily brand can craft a story and connect emotionally with residents and prospects, that community suddenly becomes much more than a building.

When your brand can resonate on a deeper level, your residents become loyal, and may engage more easily with your community, which leads to better retention rates (and may help them become brand ambassadors with word-of-mouth marketing).

Strategic, Well-Developed Branding

STRATEGY

Without a strategy, your thoughts are scattered, and your efforts become ineffective at best. Ensure you have created a strategy that guides your marketing efforts, so you can be consistent and clear in your messaging. When you know your audience and your why, the way you present your community has a roadmap.

The other bonus here: A clear brand strategy maximizes the dollar spend from your marketing budget. Less time wasted, less money wasted.

ROI

When presenting budget increase requests, it’s never enough to say “I think it will…” or “We’re hoping to see…” That’s the same as saying “We don’t know what we’re doing, but give us more money and we could waste that, too.”

Instead, try using historical data.

Look back at the progress you’ve made. Identify the areas where intensive branding choices helped lead to a rent increase. Use clear ROI to justify budget increases, in the same way that you can use branding to justify some rent increases by showcasing your value to your residents.

Let’s say:
You have a property of 268 units with an average rent of $1850/month.

2% rent increase after brand enhancement would equate to $37/month per unit.
Your monthly income would then increase $9,916 while your annual income would increase to $119,000.

If your brand development investment is, say $42k (but you could spend in a wide range of $5k-80k) this additional income definitely makes up for the amount you’ve spent.

Worth it? Yes.
Now, the next time you ask for a marketing boost, you might be more likely to get it.

Long-Term Benefits of Strong Branding

RESIDENT RETENTION

For every resident that leaves, finding a new one is twice as expensive as trying to keep your current residents. Retention requires less effort, and the days, weeks, or months that a unit sits empty could mostly be a thing of the past.

Create a well-developed, strong brand, and you create an equally well-developed, strong sense of belonging and satisfaction. Think about it: If you, as a resident, feel you belong, and you’re relatively satisfied, why would you ever want to leave? They’ll be more likely to renew their leases, making your rental income more reliable, and reducing vacancy rates.

BRAND LOYALTY BUILDING

When residents move out, you could be seeing rental income walk completely away. Or: if your brand is strong enough for your portfolio of properties, you may be able to recapture that rental income.

Keep your brand experience consistent, foster loyalty, and those wandering residents could choose another property in your portfolio for their next home. 

Take In-N-Out Burger. It always tastes the same. Hungry burger lovers come to any of In-N-Out’s palm tree-decorated fast food chains, and they know their double-double animal style will be exactly what they expect: hot and delicious. That’s consistency and positivity. 

Repeat business comes from brand loyalty. And that resulting long-term revenue is a lot better for your bottom line than trying to reach new leads.

So, as you finalize next year’s budget, consider brand development a worthy investment. That spend is money well-spent—it’s forward-looking in an increasingly crowded market.

As a marketing professional, look for opportunities to develop your brand, and start small if you must. ROI can be proven, and long-term benefits have been shown. Boost your brand development and watch your properties stand out in a sea of competition, connect with the residents you want, and build up your portfolio as they prosper.

Apartment Branding for Faster Lease-Ups

Apartment Branding for Faster Lease-Ups

We’ve probably all heard at some point “Build it and they will come.” But that little phrase carries a lot of questions with it: What should I build? Who will come? And how quickly will they come? It’s just a phrase—but we’d like to offer as an alternative:

“Brand it, and they will come faster!”In the multifamily industry, apartment branding hasn’t always been the priority. Apartment communities are built on the idea that a place to live, shelter, is a necessary item. While it’s true it’s necessary, it’s also true that there is a lot of competition.

To maximize your lease-up speed and revenue, apartment branding is more than a “nice-to-have”—it’s a core factor.

Apartment Branding for Marketing Success

Branding vs. Basic Supply: The Difference

There is a housing shortage for both homebuyers and for those that wish to rent. So, if you follow rules of supply and demand, the housing will eventually lease up because it’s in demand—but maybe not as fast as you’d hoped.

Competition has become fierce in the market. There are many apartment communities near yours, offering similar amenities and units. Why shouldn’t they pick your competitors? Why should they choose you instead?

Branding. Branding can expedite the process, tightening up your lease-up process. By creating an emotional connection with prospects and residents, and helping seal the deal with full end-to-end branding that emphasizes clarity and consistency and forms trust.

Or, if you’re more into the money side of things, think about it this way: If you have units vacant for longer, that’s missed revenue. That’s an increase in marketing costs to reach a wider group to see if someone in that group will convert and sign a lease. Also, if a resident moves into an apartment, and the unit next to them is empty, they may begin to question why they signed a lease at this place instead of the one across the street.

Identify End Goals Before Branding

What’s your end goal? In multifamily, there are two primary goals for properties: Build-to-sell or long-term hold.
Before you brand you’ll want to know which direction you’re headed in. Then, you’re better prepared for strategic branding decisions. 

BRANDING APPROACHES 

Branding approaches will be different for each path. For:

  • Build-to-sell: Will you maintain the brand for the new owner or allow for rebranding? If your plan is to sell before leasing up, more intensive branding development may not be the right move for you. Alternatively—if you plan to lease up before selling, branding will be vital for you to attract residents before you sell.
  • Long-term hold: Investing in more extensive brand development makes a lot more sense if you’re retaining the property for the long-term.

Knowing what’s next in terms of ownership can help marketing teams understand the role of brand strategy. It’s possible that a light touch with branding may be enough to get the property sold. If you plan to hang on to the property as part of your portfolio, branding should be a larger budget line item and a bigger consideration—as it can, as mentioned above, help with leasing rates and speed.

How Branding Accelerates Leasing

THE POWER OF APARTMENT BRANDING

Excellent apartment branding is the key to reaching the brand’s ideal resident profile (IRP) and possibly raising rental rates (be sure to offer actual value along with that perceived value, though.) Branding sharpens targeting, and it helps keep focus where it’s needed: on the resident. 

A well-crafted brand points to your community like a beacon—“pick me!” Your community can stand out if you choose to make it different in the ways that you can: with branding. When you create perceived value (“this is worth it!”), you can speed up leasing.

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Refresh Your Property—Including Your Brand

Flooring isn’t the only thing that needs a good refresh every so often. Your apartment brand could use a little zhuzh. 

Your property upgrades shouldn’t be limited to the physical. Think about your verbal and visual brand identity too. Is it still serving your current IRP? Does it still look good? Does it still sound good? Your countertops and flooring will get worn out with time, and your brand may also become a little lackluster over the course of several years, especially when compared to the new kid on the block.

Instead of a full-on brand revamp, consider a brand refresh. Tighten up your design elements, tailor your colors to be more appealing, and work out a brand voice that sounds more like the brand you’ve become (if that’s what the brand should be).

Wondering when you need a brand refresh? Here are the tell-tale signs and times:

  • Shifts in the target demographic (keep up with who you want!)
  • Competitor landscape changes (keep up with the Joneses!)
  • New market trends or community repositioning (be accurate to your offerings and stay in the limelight!)

Maximizing an Apartment Brand Investment

ROI is always a consideration for marketing decisions. How can one prove the importance and the efficacy of an apartment brand?

Track it all.

And start off on the right foot.

In order to effectively maximize your apartment branding investment, please do the following:

  • Invest in high-quality design and messaging from the start—not when something “just isn’t working.”
    • Rationale: Upper management won’t be keen on spending more money if your first branding efforts were haphazard or sub-par. Goodbye marketing budget increase request.
  • Create a brand that addresses long-term goals—whether you’re selling or holding.
    • Rationale: If selling, your brand should paint a picture for the new investor or buyer. It won’t be doing all of the heavy lifting though. If you’re holding the asset, you’ll want to work harder on creating a brand that will last and does what you want. Focus on your future goals and align your brand strategy with it.
  • Use data to track your branding effort impact
    • Rationale: Is the community leasing up faster? Are occupancy rates higher than before branding was developed? Track it all. This is evidence of ROI—and should be brought to any budget or progress meeting for the marketing team.

Apartment branding can help with faster lease-ups and higher returns (if you do it right). It’s a long-term investment with a sometimes-large up-front cost. However, when you’re dealing with a competitive market and strong demand—standing out is a necessity. And branding can help you get there.