Renting remains strong, but deal activity is down. By Scott Sowers (MultiFamilyExecutive.com Article) — Recent reports chronicling the economic condition of the multifamily marketplace at midyear shows a mix of good and bad news. According to Berkadia’s National Trends Multifamily Report for Second Quarter 2019, the current occupancy rate is 95.7%,...Continue reading »
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The Intrepid Fallen Heroes Fund – A Discussion with Organization President David Winters When Lance Edwards launched his new book As It Should Be, he agreed to donate 200 percent of the proceeds generated on its first day to the Intrepid Fallen Heroes Fund, a top non-profit that serves America’s veterans. He has currently donated $10,00 to the organization. The Intrepid...Continue reading »
By Debby Jenkins (NREI Online Article) — At the start of 2019, Freddie Mac’s Multifamily Outlook forecast a continuation of the strong and stable market we have experienced throughout the past few years. We anticipated that new supply in certain markets would remain elevated because of the healthy construction market, demand for multifamily units would remain...Continue reading »
Market conditions and rent-restrictive housing policies stand in the way of new starts for many developers. By Chris Wood (MultiFamilyExecutive.com Article) — Kyle Bach never figured on a bat cave being one of the things he’d have to deal with as an apartment and student housing developer. In 2018, the CEO and president of The Annex Group had closed...Continue reading »
Less square footage is tied to lower vacancy for one-bedroom units. By Sebastian Obando (NREI Online Article) — Smaller apartment units are outperforming units with more square footage on rent, prompting developers to increase the number of smaller one-bedrooms in their projects, according to industry sources. The smallest 25 percent of one-bedrooms...Continue reading »
Property managers and leasing agents often work alone. How can companies help empower and protect these employees in potentially dangerous situations? By Joe Bousquin (MultiFamilyExecutive.com Article) — In January, Realtor David Stokoe, 40, the father of four, went to an apartment he owned in Salt Lake City to reportedly try to evict the tenants. He never...Continue reading »
Fresh data shows tenants staying put longer. By Scott Sowers (MultiFamilyExecutive.com Article) — A recent brief published by CBRE shows the turnover rate for multifamily housing has fallen to 47.5%, which is the lowest level in two decades. CBRE quotes numbers from RealPage that show a drop of 80 basis points. The decline is confirmed by additional...Continue reading »
A recent CoStar analysis shows renters are sacrificing size for the sake of location. By Mary Salmonsen (MultiFamilyExecutive.com Article) — Occupancy rates are on the rise for the nation’s smallest apartments, according to a recent CoStar Group analysis, outperforming larger units. This is especially true in high-demand submarkets where soaring...Continue reading »
A bad moving experience can total thousands of dollars in additional moving costs and leave a new resident without furniture and clothing for months, notes Andrew Kern of Yardi Matrix. By Andrew Kern (MutliHousingNews.com Article) — A good move-in experience is one of the defining factors in a resident’s decision to renew, but what happens when that...Continue reading »
Five-time top ORA-ranked Bozzuto discusses keys to its success. By Jennifer Castenson (MultiFamilyExecutive.com Article) — Gone are the days of simple living. Providing housing today has evolved beyond a structure to a 360-degree experience. Residents expect to be connected in all aspects of their lives, and not only do they want to be connected, they...Continue reading »
