The power of owners
I recently saw the motion picture Titanic, again. Since I already knew the ending, it allowed me to take in individual scenes with fuller meaning and definition. One of those scenes was the moment when...
Vision meets reality
In 2004, multihousing ushered in an unlikely newcomer to its playing field: eBay. The Internet auction site first purchased 25% of the online classifieds/chat site, Craigslist.com. The $10 million site has long been used by...
Employee LoJack
Cell phones have rapidly become part of the American convention. Nearly 65% of the population already subscribe and usage continues to grow. We have seamlessly adapted to the convenience of being reachable 24/7, as...
Cheap talk
According to David Schwehm of Time Warner Connect, information technology continues to impact multifamily buildings. "Owners are embracing new information technologies like never before and they are future-proofing their buildings, examining all the products...
The day the leasing office died
The landlord selected an apartment for the prospect, that is, as soon as the results of the leasing application and credit screening were deemed acceptable. An obedient tenant could sit and wait for the...
Taking stock
Most analyses of the multifamily market present the view from developers, owners and managers on the state of the industry and their respective portfolios. The investor view of the market is equally important, if...
The Art of Condos
Louis "Louie" Dubin is president and CEO of The Athena Group, a privately-held real estate investment company he founded in 1993. The Taubman family (patriarch A. Alfred Taubman, founder of the Taubman Centers) has been an...
One-on-one With Bryce Blair
MHP According to MHP's rankings, in 2005 AvalonBay (NYSE: AVB) posted the highest one-year return of any apartment REIT. Then, in March your company issued the highest dividend in its history as a REIT....
Rockville Goes Back to the Future
Situated two blocks from the Metrorail, the mixed-use project will offer 644 condominium residences and 180,000 square feet retail, restaurant and entertainment space. The Town Center will be anchored by a town square that...
Two for the Money
Marketing. When valuing an apartment, consider the best possible price for its location, amenities and design. "However, that may not necessarily mean the highest price in the market," points out Donald Davidoff, group vice president, pricing and revenue management...
A city on the mend
For now, the financial programs are in flux, as are the critical building elevations that will dictate which part of New Orleans inundated by Katrina's tidal surge and subsequent levee beaches will be open...
The Midas 10
Presenting, the nation's top multihousing REITs. Herein lie the proven strategies to watch and the operational techniques to ponder. Of all the companies, deals, leveraging and methodologies across the nation, here are the ones...
Playing by the numbers: Shareholder return
While other multihousing rankings focus on companies with the largest ownership and management portfolios (NMHC) or the biggest equity capitalization (NAREIT), at Multihousing Professional, we believe the most important metrics are those reflecting shareholder...
Uptown, turnaround Jerry Brown
On a coast filled with dreamy, seaside cities, Oakland is more like a Midwestern industrial town dropped far from home. Mayor Brown points out, “most of the people who work downtown, live elsewhere. They...