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Land prices drop

Rising interest rates stress developers as they look for land to build on. But tough times may create opportunities. Land prices are falling—for the first time in more than ten years. Apartment developers are asking...

The housing boom is already over. The housing shortage will continue.

As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October. The...

Same assets. Better performance.

Revenue management has been an indispensable price optimization tool in multifamily since the launch of Lease Rent Optimizer (LRO) and YieldStar 15 years ago, both developed in conjunction with large multifamily property REITs and...

The most important thing

Capitalism, wrote Marian L. Tupy and Gale L. Pooley in their book, Superabundance, succeeds not only because it is efficient but because it correctly locates the source of wealth in the human mind. Their book...

Benchmarking rules tighten

There’s an unexpected piece of paper taped to the glass entrance of 550 Vanderbilt, a luxury, high-rise in the Prospect Heights neighborhood of Brooklyn, N.Y. Visitors might see it as they enter Ciao Gloria, the...

The case for space

Personally, I’m a big fan of markets, but I’m not much of a city guy. I’ve lived in urban areas before, and to me the benefits just don’t outweigh the cost of the hustle...

Money for nothing

In 1985, British rock band Dire Straits complained, “They ain’t workin’, that’s the way you do it; Money for nothing and your chicks for free.” The lyrics criticized the excesses of nouveau riche rock...

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...

AI that actually works for multi-dwelling operations

Like many, you probably have tech at home. As an early adopter, I’m acutely aware that it’s more a hobby than a tried and true form of security, energy management or automation. The electricity...

Filling in the gaps

Apartments properties are buried in packages—and more keep coming. Property managers still look for a reasonable solution that doesn’t cost too much. Short of hiring a human staff person to receive packages and watch them...

Ageless tech

With the current real estate market not exactly favoring the buyer due to the interest rate hike and soaring housing prices, the demand for rental units in multifamily properties continues to rise. And while...

Can Biden help housing? White House solution isn’t nearly enough.

At one time or another, every politician—local, state, and federal—promises to help create “affordable housing.” The issue has become especially critical of late with rents and housing prices rising and higher interest rates making...

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...

The makers

For the lion’s share of entrepreneurs, business owners and other captains of their own fate, American freedom is an immutable part of our DNA. Lest we forget, freedom is neither engineered nor manufactured, regulated...

Apartment deals find equity investors in a changing environment

Apartment companies need more equity than ever to buy and build for a number of reasons: They are acquiring and developing apartments at record volumes The cost to complete these deals is growing as...
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