Is that a lease on the line?
In a sense, I approach our marketing and advertising strategy the same way. I am constantly watching how market conditions are affecting my "catch" (the potential resident) and current conditions look increasingly murky. Around the...
Northern star rising
Between September 2006 and May 2007, the fifth largest multifamily REIT in the country purchased nine tired apartment communities that housed 2,184 units in Addison, all of which will be demolished sequentially to make...
River rising
The addition of 63,985 units last year propelled the nation's largest apartment management services company to the number three spot in the National Multi Housing Council's (NMHC) 2008 annual ranking of Top 50 management...
Picking up the pieces
They've been called opportunity funds, distressed funds and, in less polite terms, vulture funds, but no matter what you call them, today there are plenty. For the past two years, domestic and foreign investors...
Housing Bill deemed most significant in a generation
Significantly, the measure represents a balanced approach to housing policy by trimming home-ownership incentives, and balancing single- family incentives with expanded rental housing incentives. Here are some highlights: FHA foreclosure rescue This creates a refinance program for...
The envelope please.
The dynamic, edgy look with lots of steel and glass, concrete and brick, variations of color and texture and dramatic features like bays of different depths, overhangs, staggered roof lines and building heights and...
You da man, Sam
Multifamily, after all, is the complete package: We have the bling (Pillars). We have the style (Luxury). And we're not only good looking, we're smart (Time). We sit at the controls of an industry that fuels...
Pick one, then keep it to yourself.
At her previous job, Samantha Smith, was the lone conservative in a 10-person office--something her more liberal co-workers were happy to tease her about after she shared her views on hot-button issues like same-sex...
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...
