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...
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...
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...
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...
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...
Renters renew at record levels
More apartment renters than ever are choosing to renew leases in the same unit, even as rents jump amidst rapid inflation. At the same time, market-rate renter incomes continue to soar—helping push up affordability...
Providers of single-family rental homes are an important part of America’s housing ecosystem
President Biden’s release in May of a “Housing Supply Action Plan” represents a commendable effort to bring much needed quality, affordably-priced housing to communities throughout the country. In taking steps to “ease the burden...
