Nobody does multifamily better than America, as foreign investment in the U.S. apartment market this decade has shown. Domestic developers are returning the favor, seeking opportunities in major metro markets overseas. By Joe Bousquin (MulltiFamilyExecutive.com Article) — When Greystar first bought into a 6,900-bed student housing portfolio in the U.K....Continue reading »
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In California, and many other expensive states, the lack of reasonably priced homes impacts job growth, income growth and overall economic health, contends the director of the USC’s Lusk Center for Real Estate. By Richard K. Green (MultiHousingNews.com Article) — Southern California’s housing market is expensive, both in absolute terms...Continue reading »
SurveyMonkey Audience and Binary Fountain find 64% of renters are willing to pay more for properties with positive reviews. By Mary Salmonsen (MultiFamilyExecutive.com Article) — Out of over 1,100 respondents to the 2019 Renter Insight & Digital Engagement survey, conducted by SurveyMonkey Audience for online reputation manager Binary Fountain, 93%...Continue reading »
Strong fundamentals keep investors focused on apartment investments, but there are some indicators that should be watched, according to JVM Realty Corp.’s Jay Madary. By Jay Madary (MultiHousingNews.com Article) — If you asked me to sum up the availability of equity in today’s multifamily marketplace in one word, the one that comes to...Continue reading »
Gary W Pinkerton Real Estate Investor | Professional Speaker Wealth Strategist | Retired US Navy Captain Gary earned his Bachelor of Science degree in...Continue reading »
Fogelman’s Debi Wherry shares six surefire resident retention strategies. By Debi Wherry (MultiFamiilyExecutive.com Article) — Resident turnover is a serious reality for the multifamily industry. According to the National Apartment Association 2018 Survey of Operating Income & Expenses, turnover rate across apartment rentals averaged 46.8% last year....Continue reading »
The national vacancy rate has remained at or near 4.7% since the first quarter of 2018. By Mary Salmonsen (MultiFamilyExecutive.com Article) — The apartment vacancy rate remained flat at 4.7% in the second quarter, marking a zero net change from one year ago, according to Reis’s Preliminary Apartment Trends report for Q2 2019. The vacancy rate has remained...Continue reading »
By applying new technologies, property managers can satisfy the concerns of all three of their customers: the applicant, onsite associates and the property’s owners, explains Village Green’s Bob Gleason. By Bob Gleason (MultiHousingNews.com Article) — At first glance, properly screening lease applicants would seem to pose a considerable challenge...Continue reading »
Reonomy’s Patrick Rafferty shares how market tools and technology can be vital in a competitive arena. By Patrick Rafferty (MultiFamilyExecutive.com Article) — After a healthy 2018, it’s predicted that demand for multifamily housing will continue to grow through 2020—even as supply continues to rise alongside it—putting investors and brokers at...Continue reading »
Strong industry fundamentals and favorable interest rates anticipated for second half of year. By Christine Serlin (MultiFamilyExecutive.com Article) — Multifamily lending appetite remained strong the first six months of the year, with low interest rates and plentiful capital, according to leading lenders in the space. And there’s no sign of demand...Continue reading »
