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...
Leasing in a pandemic
The crisis caused by the coronavirus has forced many property managers to finally embrace new technologies.
When the U.S. economy shut down in March 2020 to fight the spread of the coronavirus, some apartment companies...
Business as unusual
As cities, counties and states begin loosening lockdown orders and allowing non-essential businesses to open, apartment owners are weighing strategies to ride out the economic disruption caused by the COVID-19 pandemic and finding slivers...
The work in hand
The rapid advance of cyber technology is rendering what was new yesterday old hat tomorrow. Internet listing services that were cutting edge a decade ago are considered outdated as potential renters go directly to...
From sea to shining sea
The winners of top honors in the National Association of Home Builders’ 2019 Pillars of the Industry competition are providing new housing for military service personnel and university students, affordable apartments for low-income residents...
Pillars 2020: Stepping it up
The national obsession with counting steps in the pursuit of physical fitness has spawned a plethora of pedometers in the marketplace and a trend toward pedestrian-oriented neighborhoods in the multifamily world.
More than half of...
The changing face of rentals: single-family
Second quarter data for 2019 reveal that approximately 42,000 homes were constructed as single-family built-for-rent homes over the last year—equal to the prior four quarter starts total—representing about 5 percent of single-family construction. Although...
HUD proposes new disparate impact regulations
The United States Department of Housing and Urban Development (HUD) released a sweeping proposed rule on August 1 seeking to amend HUD’s interpretation of the Fair Housing Act’s disparate impact standard.
According to HUD, the...
Rent control laws seize New York apartments
Last ditch attempts by real estate developers to thwart final approval of rent control legislation was just too late, reported the New York Times.
“There was some arrogance on the part of the real estate...
Breathing new life
Parcels at Concourse, crowned Community of the Year by the Pillars judges, not only revitalized a long-deserted historic building in a declining area of Memphis, Tenn., but also incorporated an impressive array of uses...
Artful amenities
While dog parks, pool decks, community-wide WiFi, granite countertops, bike storage and repair areas and package delivery centers are becoming commonplace, apartment and condominium developers are challenged to add ever more innovative amenities to...
Big efficiency, little cost
In 1996, the Department of Defense (DoD) created a program to move the ownership and management of housing for service personnel to private companies as part of a Public-Private Venture (PPV) program. The idea...
Smart machines
A form of artificial intelligence (AI) has been utilized in the multifamily industry since the first revenue management software programs were created 18 years ago to set rents.
In that first phase of what also...
The problem with passion
Mike Rowe spoke with us about the skills gap—that chasm between the skills employers want employees to have and what workers actually bring to the job—several months before he was scheduled to address attendees...
There’s an app for that
Today’s renters can shop for a new apartment from anywhere in the country, discover important details like local weather, demographics and statistics about cities and neighborhoods, as well as reviews of a specific community...
