Short terminal velocity
Marcie Williams is the president of Rivergate KW Residential and oversees a Class A management portfolio stretching from New York to Miami. At all of her communities, resident leases include a policy prohibiting subletting....
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...
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...
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...
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...
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...
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...
The big deal
The price excludes transaction costs but includes the assumption of more than $8 billion of debt and $60.75 per share in cash to shareholders, which represents a 22.7 percent premium to the closing price...
Fighting the CDC eviction ban
In the midst of the COVID pandemic, the Centers for Disease Control (CDC) took the unprecedented step of banning evictions nation-wide, characterizing the action as a public health measure.
The action spawned lawsuits across the...
New HUD secretary is a multihousing guy
Since 2004, Commissioner Donovan has headed New York's Department of Housing Preservation and Development. During the Clinton Administration he served as Under Secretary of HUD for Multifamily Housing and also served as the Acting...
Apartments hold steady despite uncertainty
The pandemic years have created a winning trifecta of high rent, occupancy and demand in the multifamily sector. Vacancies dropped to 5.8 percent, their lowest level since the mid-1980s, rents reached record highs while...
NAHB Multifamily starts spreadin’ the news
The multifamily industry has been an important part of the 65-year- old National Association of Homebuilders (NAHB) for decades. Since 1981, NAHB Multifamily has served as one of the voices of the industry. But...
It might be time for a housing revival
On November 15, 2017, Dr. Ben Carson, Secretary of HUD, gave the keynote address at the Housing America’s Families Forum hosted by the J. Ronald Terwilliger Foundation at the Renaissance Center in Detroit, Mich....
Back to basics
Over the years since George Lane founded the multifamily company in Atlanta, its platform has grown to include development, investment, asset and property management, renovation and construction of a wide variety of apartments, condos...
What’s in the cards for apartments?
After seven years of rising construction, rents and occupancy, the apartment building boom is finally showing signs of flattening.
The slight dip in multifamily starts in the first half of 2016 might indicate that rampant...
