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In this environment, recruiting, building and maintaining a high-functioning team can be a tall order, says Joe Melton of The Morgan Group.   By Joe Melton  ( Article)  — Keeping onsite associates in the fold is a challenge for many apartment communities, regardless of the economy. The jobs are demanding and can be quite stressful....Continue reading »

The national average rent fell $1 to $1,471, and YOY rent growth fell 20 basis points to 3.2%.   By Mary Salmonsen  ( Article)  — The average U.S. multifamily rent fell by $1 to $1,471 in September 2019, while year-over-year rent growth fell by 20 basis points to 3.2%, according to Yardi Matrix’s latest National Multifamily...Continue reading »

A guide to renters’ insurance benefits, clauses, and leasing agreement language.   By Lawrence Jankelow  ( Article)  — If someone told you there was a single paragraph you could add to your leases that could save you thousands of dollars and give you significantly greater peace of mind, you’d add it, right? Well, there is:...Continue reading »

Multifamily communities have the basic building blocks to be top sustainability performers in the housing industry, according to Erin Hatcher of AMLI Residential.   By Erin Hatcher  ( Article)  — Regardless of the age of the property, apartment life offers many advantages for individuals and for the greater community, especially...Continue reading »

Dear Friends, The last time I emailed you, our Houston office had just gone thru Harvey and Houston was under water.  Our company had to vacate our office...Continue reading »

When it comes to living spaces, size doesn’t always matter. Especially for young professionals, location is a more important factor than the size of...Continue reading »

San Jose, Calif.—By month’s end, ROEM is expected to complete its development of 200 new affordable rental homes at the $46 million Charlotte Park...Continue reading »

(PHOENIX, AZ)— A Canada-based investment firm has just made a $41.5 million acquisition of a multi-property deal in Phoenix. The four-property portfolio...Continue reading »

(POUGHKEEPSIE, NY)—A 288-unit apartment complex in Poughkeepsie, New York has just been sold for $19.2 million. Mountain Brook Realty Holdings LLC secured...Continue reading »

Lance Edwards, President, First Cornerstone Group, LLC. Typically, people only consider using lending or equity investors when putting together multifamily...Continue reading »