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  "documentTitle": "Mid-America Apartment Communities | Results Presentation Deck | 37 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Mobile Maintenance\nEnhanced move-out inspection process through mobile maintenance, $1.4 million realized in annual additional revenue",
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      "text": "Double Play/Telecom Agreements\n$18 million NOI in current run rate for double offering of cable and internet services in units (or Double Play); represents roughly half the portfolio\nAdditional $2 million revenue from marketing agreements for the other half of portfolio",
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      "text": "Smart Home Technology\nInstallations complete by end of 2024\n$25-$30 million of NOI (140bps margin) expected in the run rate by the end of 2024\nNearly 1,300 leaks detected through system in 2023; estimated expense/capital savings of $1 million",
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      "text": "Sustainability Initiatives\nLED projects: $2.5 million of annual utilities savings based on projects completed to date, expected run rate of $3 million by the end of 2024\nSolar projects: Pilot program with three projects in Austin; expected to generate $200K in annual utilities savings; expandable to multiple markets\nSmart Irrigation projects: Piloting at four properties with expected utility expense savings through water use reduction of over 3 million gallons annually",
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      "text": "Renter's Insurance\nOutsourcing renters' insurance procurement and compliance\nMarginal NOI opportunity of $0.5 million before time savings consideration (8K hours - time savings - annually)",
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      "text": "Website\nVarious Al/chat tools in place to help drive and produce quality leads, 24/7/365\nCapture and process leasing leads in a more efficient and effective manner",
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      "text": "Centralized Lease Administration\nTesting centralized lease administration duties; transitioning former onsite tasks related to lease application and execution (income and id verification, proof of utilities, lease generation, etc.) to centralized specialists (30K+ hours - time savings - annually)",
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      "text": "Community Wi-Fi\nFurther opportunity for whole-property (ubiquitous) WiFi\nCurrently testing program, performing 4 retrofits in 2024\nRun rate opportunity of $800K of additional NOI for those tested (28% yield); long term opportunity $30 million or more",
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      "text": "Podding\n28 property manager pods in place generating $1.5 million to $2 million of annual expense savings",
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      "text": "Platform Value Initiatives; Technology Enabled",
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