The creators
“Beauty is the promise of happiness,” wrote 19th Century French writer Stendhal. Beauty “exalts the mind or spirit,” according to Merriam-Webster and “truth, beauty and goodness” are the eternal principles for which the soul...
NAHB Pillars of the Industry finalists 2022
As part of its mission to promote excellence in multifamily home building, the National Association of Home Builders (NAHB) has sponsored the Pillars of the Industry awards for more than 20 years. These awards...
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...
Our perception of skilled trades needs to change
The U.S. is in the midst of a crisis of masculinity. According to a new study from the Federal Reserve Bank of Boston, men without four-year college degrees, ages 25 to 54, have left...
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...
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...
An inside job
Only by contact with evil could I have learned to feel by contrast the beauty of truth and love and goodness. —Helen Keller
There’s a lot of unhappiness out there. Certainly there are legitimate reasons...
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...
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...
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...
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...
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...
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...
Emotional boundaries
Filter 1: Protect yourself from others. I once worked with a manager who gave blunt feedback in perpetuity: "You're not a grateful person!" and "You're just not a great writer!" and "Well, that was...
