Regional apartment players hunt deals
Hellman is president of Cincinnati-based Berkshire Realty Group LLC, an owner and operator of rental-apartment buildings. With 5,500 units in Ohio and Kentucky and a healthy appetite to buy more, Berkshire and regional operators...
Apartment market going strong
"The apartment industry has historically been dominated by smaller local and regional firms, particularly in the area of property management," noted Doug Bibby, National Multi Housing Council president. "But that is clearly changing as...
The $700,000 late fee: when time is not on your side
In early 2006, Houston, Texas-based Alliance Residential Management, LLC. (not to be confused with other firms by similar names in Phoenix and Chicago) managed a portfolio of 45,000 units across 150 B and C...
Leveraging your greatest asset
Kimberly Andreadis, an industry veteran with more than two decades of experience in the multifamily industry and strategist, trainer and founder of Marketing Path LLC, sees a direct correlation between sales success and employees'...
The smell of success
But the idea that came to him in 1976, while savoring the rich sensory experience in a lush redwood forest, prompting him to investigate how that captivating emotional experience could be infused into commercial...
Something in the air
"Smells are surer than sounds or sights to make your heartstrings crack," wrote Rudyard Kipling in his 1903 poem "Lichtenberg", capturing in verse what scientists have learned over the past 20 or 30 years...
Tiptoe through the tulips
"There's no finer ambassador of quality than the tulip," Todd Tibbitts, senior VP of property services at Post Properties, said recently, adding that the blossom has long been a symbol of opulence and excellence...
Integration evolution
Apartment owners and managers have retooled their Internet strategies to allow prospective renters to visit apartment communities online, see pricing and availability that changes daily--thanks to integrated revenue management systems--and choose a unit, complete...
Rent by numbers
Yield management tools adopted from successful applications in the hospitality and airline industries are among the latest integrations to capture the minds and bottom lines of apartment companies. These software programs help set rents...
A doctor in the house
Internhousing.com and NurseHousing.com--subsidiaries of Key Housing Connections Inc., a California-based corporate housing provider--are comprehensive online resources that enable clients to arrange short- term housing for cooperative education workers and interns and traveling medical professionals. Both...
Y should you care?
Today, the oldest members of Generation Y are about 27 years old though there has yet to be solid consensus on its start/end dates. The most commonly quoted dates refer to the approximate 70 million...
In the lap of luxury
Apartment owners and managers also have observed that recent trend. Nearly 80 percent of those responding to the National Multi Housing Council's (NMHC) Quarterly Survey of Apartment Conditions conducted in January and February reported seeing...
Sub-prime bail out
Encouraged by the housing bubble, easy credit, along with the expectation that housing prices would continue to appreciate, many subprime borrowers took out mortgages they could not afford in the long run, particularly if...
Multifamily’s TKO
Over the past ten years, the 35-year-old Olympic gold medalist, ten- time world title holder in a record six weight classes and Grammy-nominated recording artist has been assembling a business empire known as Golden...
One punch can change everything
Association, after all, is pivotal to human existence. We touch on the association of smell and its impact on leasing apartments in our story, "Clearing the Air," and promise a deeper dive on the topic...
