Lucky stars: saga of a bull market
“The apartment industry hasn’t looked this good in some time,” said Jeff Adler, VP and general manager of Yardi Matrix during an interview with MHP in July. Yardi Matrix is a business development tool...
Risky business pays off
And, they’re expecting equally satisfying results from communities underway and in their pipelines.
Equity Residential
“There is absolutely no doubt that we continue to enjoy very strong apartment demand across our core markets,” said Equity Residential...
West coast story
“It’s a great time to own apartments on the West Coast,” said Essex President and CEO Michael Schall during his company’s presentation at the Citiglobal Property CEO conference held this March in Hollywood, Fla.,...
Supreme Court takes up key housing discrimination case
There may be many reasons for a racial disparity in home loans—for example, financial qualifications—that have nothing to do with discrimination. Yet businesses routinely settle when hit by disparate-impact claims because the reputational cost...
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...
