Cover story

The incredible disappearing tradesmen

Construction costs rose eight percent from 2011 to 2013, with another four percent boost expected by 2015. While commodity prices have gone up, the cost increases having the most affect on multifamily are largely...

Legacy builder

Rick Graf believes in good, old fashioned hard work. “If you work hard, you will get ahead and, if you are smart and stay out of trouble and do the right thing, you will...

Game changer

With Greystar Real Estate Partners' acquisition of Riverstone Residential in June, the nation's two largest privately owned apartment management companies are now one mega-firm with almost double the number of managed units than that...

Start spreading the news

De Blasio unveiled his administration’s ambitious plan to build and preserve 200,000 units of affordable housing, one that he says will house half a million people at a cost of more than $41 billion...

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...

The rise and sell of BRE

And, if stock prices are an indication of which REITs investors wager are ripe for M&A, Home Properties and Post Properties both are on the radar as potential targets. Exactly 12 months after the Archstone...

The big deal

The CEOs of Memphis-based Mid-America Apartment Communities, Inc. (MAA) and Birmingham-based Colonial Properties Trust, respectively, believed their companies combined would be better than two standalone entities. So, on Oct. 1, after 20 years as friendly...

Pillars: building community

The Galaxy Apartments, which was completed at the end of March 2012, is a key player in the revitalization of a derelict city block in an overlooked area in South Silver Spring, Md. The 241-unit...

Transit-oriented development (TOD) takes the stage

And a number of finalists in 22nd annual National Association of Home Builders (NAHB) Multifamily Pillars of the Industry competition have responded to the end of the romance with the automobile by building communities...

Making hay while the sun shines

"The economy appears to be on a path of sustainable growth. U.S. businesses have healthy balance sheets and plenty of liquidity-consumer debt has declined to levels not seen since the early 90s," said AvalonBay...

Adapt and reuse

Adaptive reuse has gained favor as Americans continue to migrate from the suburbs to redeveloped city downtowns and close-in townships along mass transit lines that offer easy access to work centers. And, in an age...

Good-bye Archstone, hello mega-REITs

Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors Equity Residential (EQR) and AvalonBay (AVB) rather than in a...

After the deluge

Residents of UDR, Inc.'s Rivergate, 95 Wall and 10 Hanover Square were not among the uninformed. The 40-year-old apartment REIT, which entered New York City with the purchase of the 493-unit 10 Hanover Square in...

Pillars 2012: and the winners are…

The vast majority of those recognized for excellence in multifamily development in the contest many consider the Oscars of the apartment industry are located in markets that are among the top 25 metro areas...

Walkabout

A significant number of the entries submitted by the award-seekers recognized demand for these car-free amenities. The 192-unit Santa Barbara in Rancho Cucamonga, Calif., a finalist in the Best Garden Apartment Community of four stories...
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