To appeal to renters, developers are enhancing existing apartment buildings with popular amenities and services found at the newest luxury developments. By Mark Durakovic (MultiHousingNews.com Article) — According to a recent National Apartment Market Outlook from Zillow, since 2014, apartment construction has skewed almost exclusively toward the high...Continue reading »
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The cost of materials important to the construction of apartments rose 3.6 percent over the year that ended in September, according to the producer price index from the Bureau of Labor Statistics. By Bendix Anderson (NREI Article) — The cost of construction is rising again. Trade disputes, hurricanes and rising demand from overseas are all pushing up...Continue reading »
“Many wealthy investors earn 20, 30, even 40 times more money than you….I would be willing to bet they’re not 20 or 30 times smarter...Continue reading »
Westfield is the latest in a string of mall developers and landlords whose firms have begun adding non-retail uses to existing retail properties. By Donna Mitchell (NREI Article) — Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment...Continue reading »
Favorable economic and regulatory conditions coupled with resistance to technology disruption have created potentially favorable conditions for this asset class. By Fred Kauber (NREI Article ) — One of the privileges of presiding over a financial product platform for independent wealth managers is the opportunity to observe which investment themes might...Continue reading »
You’re probably wondering what Judgment Liens are all about, right? So, here is an example of how this stuff works: Let’s say Joe Bob lends $5,000...Continue reading »
Real estate managers can significantly improve asset value by controlling variable expenses. Laila Partridge of WegoWise shares how owners and managers can get on the fast track to scalable and sustainable savings. By Laila Partridge (Multi-HousingNews.com Article) — Multifamily real estate managers can significantly improve NOI and asset value by...Continue reading »
How multifamily financing is evolving to meet the needs of the non-institutional investor. (NREI Article) — In an industry where large institutional property investors seem to dominate, it turns out that owners of small apartment properties (with 5 to 50 units) are kind of a big deal. Yes, they house 70 percent of the country’s multifamily renter...Continue reading »
As an experienced and tenured regional owner/operator, we watched massive market changes and began to wonder where all of this was going. What would be the result of this seismic shift? Mark Fogelman, president of Fogelman Properties, examines the property management market. By Mark Fogelman (MultiHousingNews.com Article) — At the start of the current...Continue reading »
New research into today’s renters’ preferences suggests how apartments might be reshaped in the future. NMHC’s Rick Haughey examines this issue. By Rick Haughey (MultiHousingNews.com Article) — Since 2011, the number of renters has increased by an average of nearly 1.7 million every year, according to the Census Bureau, with a significant portion...Continue reading »