arpet sold under the Aladdin by Mohawk brand is a collection of Mohawk products that represent our commitment to value and function. Products in this category are targeted for active lifestyles. Generally these products are suitable for home offices and family rooms. You will find a wide range of Aladdin products from many different fiber and yarn types such as nylon, PET polyester, and polypropylene each with its own characteristics and price points. Aladdin began in 1958 as a manufacturer of small bathroom and area rugs. In 1968, Aladdin expanded into room-size rugs and broadloom carpet. By 1970, Aladdin had constructed the largest carpet plant under one roof vastly improving quality and productivity. The 1980's brought growth at an unprecedented rate. Aladdin began to build a distribution network to supply thousands of retailers across the United States. The acquisition of Aladdin by Mohawk Industries in 1994 provided Mohawk with the backbone of a distribution network and a product line that complemented Mohawk's other brands. Today Mohawk offers products covering every price point, fiber type, & styling option and operates one of the largest & most effective trucking companies in the world.

PROPERTY INFORMATION: Asset: 27 Unit / 2 Story Year Built: 1916 Accomplishments: Managed since acquisition. Managed unit upgrades. Increased rents by 55% and reduced operating expense 8%. Consistently improved lease rates. Maintained asset stability. STATS: 2012 Acquisition: $1,015,000 MANAGEMENT TRANSITION: Renovations: $80,000 Rent increase: 55% Occupancy: 95% Current market value: $2,160,000