Getting inside multifamily’s utility management operation
“In many states we’re seeing an increase in the trend to mandate submetering for any residential and commercial new building construction. Around eight states already have the law in place, up from around three...
Easing the squeeze
The American dream of homeownership has become inaccessible for many, thanks to historically high home prices that are keeping prospective buyers in the rental market.
But increased demand for rental housing—along with dwindling supply—continues to...
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...
Apartment IQ
The emerging mechanization promises benefits to property owners and managers of apartment communities, including energy cost savings, possible incentives from insurance companies and housing authorities for development, resident attraction and retention and water and...
The year of transformation
The Rey
The 478-unit The Rey, named Community of the Year and awarded the title of Best High-Rise Community, represents Wood Partners’ and The Berkshire Group’s entry into downtown San Diego and exemplifies the partnership’s...
NAHB Pillars of the Industry finalists 2022
As part of its mission to promote excellence in multifamily home building, the National Association of Home Builders (NAHB) has sponsored the Pillars of the Industry awards for more than 20 years. These awards...
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...
Prepping for the oncoming rate hikes
At the dawn of 2022, the outlook for multifamily real estate looked as bright as in the year just ending. Industry experts released bullish forecasts and a number of loan specialists spoke on the...
Unlocking a smart future
Smart technology is unlocking the door to a better experience for apartment renters, making management’s job easier and increasing the value of multifamily assets, say providers of smart apartment technology, the latest industry trend.
Companies...
The nation’s best
The National Association of Home Builders (NAHB) defines excellence in the multifamily home industry. For over two decades this recognition has noted the “significant achievements in the design, development, marketing and management of multifamily...
Interra Realty brokers $9.2 million sale of mixed-use multifamily property in Chicago’s Rogers Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $9.2 million sale of Elevation Lofts, a 40-unit apartment and retail building at 1531 W. Howard St. in Chicago. The...
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...
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...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
UDR logistics: The art of the right turn
On a year-over-year basis, the REIT saw reductions in spending on apartment community upkeep of 4.1 percent in Q1, 11.7 percent in Q2 and another 5.2 percent in Q3, ending the year with repairs...
