Thursday, March 28, 2024

Cover story

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...

Landlords rule

"We are riding a monster wave that has a long way to go before getting to shore," said Camden Property Trust CEO Ric Campo in his introduction to the apartment REIT's Q1 2012 conference...

The American Dream loses its luster

In fact, the percentage of departing renters opting for homeownership also reached some historic lows in Q4 2011 and multifamily REITS like Camden Property Trust are reaping the rewards. "We continue to benefit from incredibly...

Cheaper by the dozen

In mid-January, the apartment REIT announced the exercise of an option to purchase the 80 percent interest not currently owned by Camden in 12 related joint ventures for $99.5 million. Camden originally owned 100 percent...
Groundbreaking ceremony for Shores at the Marina del Rey site

Shores: A love story

The love story began in 1955, when Epstein was first approached by then Los Angeles County Supervisor Burton Chase to assist in the planning for the creation of Marina del Rey, soon to become...

And the winners are…

The 466-unit first phase of Columbia Parc at the Bayou District in New Orleans, La., winner of both the Community of the Year and Best Affordable Community awards, was honored by a visit from...

The envelope, please…

"These finalists not only survived the bad times, but also produced fine work and should be commended," said Charles R. Brindell, Jr., chair of NAHB's Multifamily Leadership Board, CEO of Mill Creek Residential Trust...

Ready for launch

"We think it's a great time to grow these enterprises," said UDR CEO Tom Toomey of the expansion in the apartment industry. "You can't sit there and look at the wall of demand that...
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