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Modera Sedici Exterior

From sea to shining sea

The winners of top honors in the National Association of Home Builders’ 2019 Pillars of the Industry competition are providing new housing for military service personnel and university students, affordable apartments for low-income residents...

Regaining our power of persuasion

I’m just back from the Balkans. It takes traveling to the genesis of the word balkanize to understand true division. To the naked eye, these people appear quite similar. Looks can be deceiving and...

Multifamily faces a packed development pipeline

Apartment developers have not been shy about bringing new product to market in recent years. And early indications are that 2020 will be another boffo year. The question is after several big years of...

The power of bad

Every so often, you encounter academic research that snaps into place a whole bunch of tensions, issues, and problems that you’ve noticed but haven’t been able to understand. That happened to me when I...

Leverage quality leads during high occupancy

With apartment occupancy rates at the highest level in 20 years, averaging more than 96 percent across the country, prospective renters often struggle to find a readily available unit at their preferred property that...

Renters are richer, older, and have larger households

It’s a perfect storm for raising rental costs: low vacancy rates not seen in decades, an influx of high-income renters, constraints on building new apartments and homes, and the disappearance of low-cost rental units. A...

Workforce rentals CRE’s ‘darling’

As the U.S. economy continues its longest-ever expansion, the labor market is making history, as well, with the lowest unemployment rate in 50 years. That’s great news for investors looking for compelling return opportunities...

Rent control is illegal

New York City recently implemented its far-reaching Housing Stability and Tenant Protection Act of 2019. That law enacted extensive amendments, all plaintiff protective, to New York’s 1969 Rent Stabilization Law (RSL). The Act imposes...
Anaha pool

Pillars 2020: Stepping it up

The national obsession with counting steps in the pursuit of physical fitness has spawned a plethora of pedometers in the marketplace and a trend toward pedestrian-oriented neighborhoods in the multifamily world. More than half of...

The enduring strength of truth

Webster defines it as “the property of being in accord with fact or reality.” Truth is a beautiful, most reliable thing. The truth of Christmas and the holidays is sometimes muffled by the hustle and...

Unlocking Big Data

The coupling of big data with artificial intelligence (AI) and the internet of things (IoT) has power to disrupt the traditional way of basing real estate decisions on experience, past performance and intuition. The machine...
IBS 2019 session

Developing Expertise

Multifamily professionals who are interested in keeping up with the latest trends in the industry are undoubtedly familiar with NAA’s Apartmentalize and NMHC’s OPTECH shows. However, they may not be aware of another event...

As economists forecast for 2020, some are already thinking past the next recession

“Economists generally expect will experience a downturn... over the course of 2020 or early 2021,” says Sam Chandan, a trained economist, an associate dean of New York University’s Schack Institute of Real Estate,...

Why business leaders need to understand their algorithms

One of the biggest sources of anxiety about AI is not that it will turn against us, but that we simply cannot understand how it works. The solution to rogue systems that discriminate against...

OK Boomer is just the first salvo of a larger generational showdown

The inscription (above) is reminiscent of another that, according to Newsweek, was unearthed in the Sumerian city of Ur (located in modern-day Iraq and founded in 3800 B.C.), which says, “If the unheard-of actions...
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