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The world didn’t end—developers keep building

Developers aren’t waiting for a vaccine for the novel coronavirus. They have been busy planning projects to build new apartments, even as doctors diagnose new infections in the U.S. at a rate of more...

Risky business

The digital world has created a paradigm shift for the apartment industry, allowing resident-facing tasks like property tours and unit inspections, lease signings and rent payments to be handled virtually via mobile apps and...

Preventing a looming crisis

Missed rent payments are stacking up across the country, threatening an unthinkable crisis when eviction moratoriums currently in place expire. To make matters worse, many renters are accumulating massive late fees that compound their...

NAHB: reduced rent control means more housing

A recently completed study from NAHB found that—even after accounting for employment growth, density, rent growth and local place-specific factors—the supply of housing grew faster when rent-control restrictions were loosened in California’s rent-controlled cities. The...

The fight over rental control is not over

Voters in California rejected a measure on November 3, 2020, that would have overturned a hard-fought compromise over rent control in one of the most expensive rental housing markets in the nation. Proposition 21 would...

The time is right for whole-building intelligence

The timing is right for multihousing to adopt smart building technology and services. Ironically, by coming later to the party than commercial real estate, multihousing is in a good position to do it once...

Multifamily resilience

With such an eventful year coming to end, it’s difficult to know where to begin. The knock-on effects of the global pandemic we still find ourselves in have reverberated throughout the global economy, including...

Follow the renter

In Albuquerque, New Mexico, multifamily occupancy is up. Memphis, Tennessee, is seeing rising rents, and cap rates for apartment assets in Detroit have spiked. Months into a pandemic that eradicated many of the perks of...

Digital: the key to success

In the world of property management, localization is essential. COVID-19 has pushed the property management industry to move to digital and local, and that change happened nearly overnight. In the early stages of the pandemic, in-person...

Modernizing the parking experience

Due to the pandemic, the world has rapidly changed and industries are looking for ways to adapt their revenue strategies to meet the evolving needs. With rent prices dropping, down 10 to 20 percent...

Why Biden’s plan to help make housing affordable will make it more expensive

Because the 2020 election was largely a referendum on President Donald Trump, many of Joe Biden’s policy proposals have been overlooked until now. The recent announcement of some of his cabinet picks shows that...

Suburban rise

Desperate landlords now offer as much as three months free rent to potential renters at new, Manhattan apartment towers. “There is a considerable amount of pain—20 to 25 percent declines in effective rents,” according to...

That upon which you focus, becomes your reality

A ship once found itself lost at sea. After a time, the crew’s drinking water ran seriously low. The parched sailors were certain they would die until, miraculously, another ship came within view. The distressed...

Renters on the edge

Despite the chaos caused by the coronavirus, professional property managers are still getting rent checks from most resident. It may be a sign of the times, but apartment experts are happy that most renters are...

Knocking the rust off the Rust Belt

Investments into one of the nation’s poorest zip codes in the Rust Belt are fueling an historic preservation and mixed-use redevelopment project on three blocks in Erie, Pa.’s downtown core, setting a national standard...
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