In advance of any downward movement, the best owners and managers are examining what can be done proactively to recession-proof properties. By Donna Gill (NREI Article) — As the cycle matures, savvy multifamily investors are taking a look at the reality: a market correction could occur at any time. In advance of any downward movement, the best owners...Continue reading »
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Removing parking requirements would be one of the simplest ways to ease California’s housing crisis. By Virginia Postrel (NREI Article) — In Los Angeles, it’s perfectly legal to build a new apartment without a refrigerator, a balcony, or air conditioning. But you can’t build one without plenty of parking. In most cases, in fact, you have to build...Continue reading »
“Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc. By Bendix Anderson (NREI Article) — Developers opened a tremendous number of new apartment units in 2017. But the percentage of apartments that are occupied has...Continue reading »
Property managers offered free rent to attract residents at roughly one-third (30.0 percent to 35.0 percent) of apartments in cities including Las Vegas, San Antonio and New York. By Bendix Anderson (NREI Article) — As the percentage of vacant apartments creeps higher in cities and towns across the country, more property managers are offering months of...Continue reading »
The practice of fair housing is fully complex and highly nuanced, a sensitive reality that certified property managers whose focus is apartments have to embrace on a daily basis. By Donald B. Wilkerson (NREI Article) — We are a celebratory nation. We throw parties for everything from the major milestones in our lives—our weddings and births—to the...Continue reading »
Jules Escalona of Straight Designs discusses key color palettes for multifamily, how to design by location and the impact of outdoor living. By Jules Escalona (MultiHousingNews.com Article) — With the spring and summer months right around the corner, exterior design is on the rise, especially in Southern California and other neutral-climate regions where the...Continue reading »
When REITs buy new buildings or start construction, they are showing a surprising focus on garden apartment properties. By Bendix Anderson (NREI Article) — Apartment REITs have significantly slowed down their acquisition and development activity, especially compared to earlier in this cycle. But when REITs do buy new buildings or start construction, they...Continue reading »
An expert from Marcus & Millichap discusses the importance of taking a strategic look at your current real estate holdings as we approach the end of this cycle amidst the uncertainties of tax reform, rising interest rates and inflationary pressures By Anthony Hardy (MultiHousingNews.com Article) — Oftentimes small- and mid-market apartment owners...Continue reading »