Residents crave (internet) connection
Apartment renters are increasingly picky about the internet in their homes. A growing number won’t live where they can’t get good service. Until recently, property managers didn’t have to worry about the internet service at...
Small landlords call it a day
Extended rent moratoriums and the slow distribution of billions in federal rent assistance are driving many small landlords to call it quits. “Nobody wants to become a landlord anymore,” said Diane Baird, executive director of...
Prop tech paves the way
As an asset manager, it’s your responsibility to ensure that your assets remain competitive and relevant, manage risk, drive revenue growth, and consequently find ways to increase the value of your property. If those...
Flexible leases form start-up
Investors are pumping money into real-estate startups that are pioneering flexible ways to rent apartments on the belief that remote working trends and new forms of housing demand will remain long after the pandemic...
Tech growth expedites multifamily projects
At a recent ULI webinar, panelists discussed the advantages of alternative construction technologies, including modular development, panelization, mass timber, and precast concrete. The webinar was part of a series hosted by the ULI Terwilliger...
Repurposing hotels helps with housing shortage
The pandemic in 2020 slowed tourism throughout the nation, leaving the hospitality industry economically devastated, with hotels and lodging among the hardest hit. After a year of record-breaking occupancy for hotels, many were forced...
When Washington bureaucrats hold the reins of power
The Biden administration was in a box in late July. They desperately wanted to extend the Centers for Disease Control and Prevention’s controversial eviction moratorium. But the judicial writing was on the wall. They...
Absolute zero
Decades of underinvestment and underbuilding continue to deepen a national housing shortage decoupled from demand since the 1980s. This was recently underscored by a report released in June by the National Association of Realtors...
Only dead fish swim with the current
It’s a glorious day in the rental business. I would say apartments, but the industry has been transitioning—again—to include single-family rentals (Demand drives pricing and Blackstone buys SFR portfolio). Moving with the market is our...
Consider the alternative
The pandemic has made large cash deposits a financial burden for some residents seeking to relocate. Providing alternatives to security deposits makes move-in more accessible and reduces long-term risk across multifamily portfolios. Some state and...
Rent relief for some
California Governor Gavin Newsom, along with leaders of the California state Assembly and Senate, reached agreement on Assembly Bill 832. This will increase the portion of unpaid rent owed by the state’s renters which...
Demand drives pricing
The U.S. multifamily sector remains an attractive option for real estate investors looking for a safe haven. Beyond the pool of traditional buyers who are actively acquiring apartment properties, the sector has become a...
The value of a road
A growing movement of local governments and communities across the United States is beginning to grapple with an unfortunate realization: The highway boom of the 1950s and ‘60s produced a massive amount of infrastructure...
CDC extends eviction moratorium—again
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium for renters until July 31, 2021. The agency says that this extension is intended to be...
How many will work remotely post-pandemic?
For all we know about our current housing market, the sources of demand, the supply headwinds and the changing financing landscape, one key variable has been unclear to us since the pandemic began: just...
