Plenty of deals were inked this week, reaffirming that there is no longer a doubt in anyone’s mind—the reign of the rental is not going anywhere.
What do Greece's perilous position and Facebook's triumphant situation have in common with multifamily development? It's all about community.
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To get a better idea of where developers are looking to add supply to the rental market, let’s take a look at the metro areas where the most building permits for 5+ units were issued in 2011.
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The panelists at yesterday’s NMHC Apartment Strategies/Finance Conference overwhelmingly remained steadfast in their belief in that the apartment industry is due for a nice run over the next few years. But they said it may be difficult to keep pushing rent increases as a number of markets push past...
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As always, April brought a flurry of data and commentary about how the apartment industry performed over the winter. And if the REITs and various data providers are to be believed, things looked very good in the first three
months of 2012.
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Forbes recently took a look at the nation’s fastest-growing cities and ranked Austin first, for the second year in a row.
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Walk Score has released a new study wherein it ranks the top 25 metros for public transportation based on its latest metric, aptly dubbed Transit Score.
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Some recent studies have shed new light on the driving forces behind the buying decisions of Gen Y.
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The Center for an Urban Future recently used venture capital investment data to rank the nation's most important high-tech centers. And New York City, or Silicon Alley, has emerged as a force.
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The Washington, D.C.-based Bipartisan Policy Center took a stab at projecting how the aging Baby Boomers and their offspring, the Echo Boomers, will shape the housing market through 2030.
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Student debt has now passed $1 trillion, the average student loan tally is around $25,000, and those in the early-20s face an unemployment rate of more than 13 percent. If you're a Millennial, you probably feel like you lost the generational lottery.
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The jobs are there, but you should have chosen the majors that employers are actually looking for. Here’s a look at the odds of being hired, for different majors.
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The college education bubble, it's said, is at bursting point, as students often wind up "underwater" on the return on investment value of their college loans.
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More thought should be given to the quality of smart growth development, and not the quantity. Is it time to replace Smart Growth with Placemaking?
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How Baby Boomers and Millennials are already shaping the design of the next generation of housing.
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The technology infrastructure needed to support communication and data processing is often too complex for multifamily owners to manage on their own. That’s why cloud computing technology is become an ever more relevant part of the conversation in the multifamily industry.
If you thought your work was done once a Millennial hit “Like” on your organization’s Facebook page, you’re dead wrong.
Some of the industry’s top marketing experts revealed what works and what doesn’t in navigating the nuanced world of social media at the recent Apartment Internet Marketing Conference held April 25-27 in Phoenix.
It shouldn’t really be a surprise given that apartment sales have accelerated over the past year, but commercial and multifamily originations were 36 percent higher than they were during the same period last year, according to a report from the Washington, D.C.-based Mortgage Bankers Association.
KTGY's latest design, the Arista in Broomfield, Colo., was done with Gen-Y specifically in mind, featuring smaller units, an attention to outdoor common spaces, and a business center that looks more like a lounge, described as “Apple meets Starbucks."
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Potential lenders are still not sufficiently convinced that energy-saving retrofits will result in meaningful savings for multifamily owners in the long run. And they worry that they won’t see their money back, so they are waiting to see positive data that shows otherwise.
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In its first quarter sales report, Real Capital Analytics (RCA) pointed out that the increasing velocity of portfolio sales helped push apartment sales up 31 percent versus the first quarter of 2011.
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From Charlotte, N.C. to St. Paul, Minn., apartment owners were trading high volumes of units at a higher than normal rate as prime leasing season approaches. Here’s a look at a few of the larger acquisitions that were announced this week:
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Effective waste management and removal can be a challenge for any property. But with hesitant residents refusing to recycle and property managers fed up with additional messes around trash bins, a small number of luxury properties around the country are starting to hire private companies to remove...
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Jeffrey Friedman, CEO of Cleveland-based Associated Estates Realty Corporation (AEC), wants the company to be known as more than an exclusively Midwestern operator. By adding units in Texas, the Southeast and mid-Atlantic, it has shed that image. But AEC’s Tuesday night announcement pushes its...
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In 2010, when Dallas-based Mill Creek Residential spun out from Dallas-based Trammell Crow Residential (TCR), questions were raised about whether TCR?a once vaunted name in multifamily development?would get back in the development business. Now, with more than 2,000 units in the pipeline, that...
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An article today from the Wall Street Journal poses an interesting scenario that could have huge implications for Manhattan’s red-hot apartment market. Rental rates still continue to climb to pre-recession levels and beyond, according to April figures. But there could be a market killer looming on...
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RealFacts recently released its survey results of 2012 first quarter rental rate changes survey in 47 metro statistical areas. All but three of the metros managed to increase rental rates on a quarterly average basis. And all but two markets (Reno and Las Vegas) were able to show growth on a...
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As apartment owners are increasingly encouraging property staff to use social media, they're also thinking about guidelines to govern those outlets.
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Atlanta-based REIT Post Properties reported some of the strongest first quarter earnings for the industry on Tuesday.
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As with the other REITs that reported first quarter earnings last week, Rochester, N.Y.-based Home Properties had yet another stellar financial performance to start out 2012. The company announced that first quarter results were the best for core property NOI growth that it has seen in the past...
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Add Fitch Ratings to the number of people seeing apartment rents hitting their pre-recession peak. Last week, the New York-based ratings agency said its sector was approaching highs in rent, vacancies and pricing.
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With a large affordable portfolio, a series of joint ventures, and a different financing strategy, AIMCO has always had a slightly different story than its apartment REIT brethren. On Friday’s first quarter earnings call CEO Terry Considine took steps to outline how the Denver-based company plans...
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On its first quarter 2012 earnings call on Friday, Memphis-based MAA reported that it closed out the first quarter with the highest funds from operations (FFO) per share performance in its 18 year history.
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After hearing the 2012 guidance for many of the public REITs during their first quarter earnings calls over the past week, it sounds like many companies have their sights set on ramping up acquisition efforts as we get deeper into the year. Here’s a look at a few of the noteworthy purchases that...
When it comes to multifamily operations in the Southeast, there are few men in the business who know the turf as well as Ray Hutchinson.
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The delicate balance between occupancy and rent increases, a major theme on many REITs’ first-quarter earnings calls, came up again today on the call for Essex Property Trust. Like many of its peers, the Palo Alto, Calif.–based company is dealing with how many units to allow to go vacant so that it...
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Tomorrow's Bureau of Labor Statistics April Employment Situation Summary will either add to or suppress momentum on the household-formation front, which has unleashed pent-up demand and fueled apartment-demand fundamentals for a solid start to the new year.
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A recently released TransUnion rental screening report reveals that not every hot apartment market started out 2012 with the same force it enjoyed in early 2011.
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As far as future social media campaigns, Lincoln Properties is looking toward targeted geographic mobile campaigns and plans to use passive, location-based marketing.
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San Francisco-based BRE Properties reported continued revenue growth in markets in Southern California, including Los Angeles and Orange County, following a warm West Coast winter.
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Is pricing in the sexy six getting overheated? Barry Sternlicht thinks so.
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As with the other public REITs who have already reported first quarter financials, Colonial, too, saw increases in net operating income (NOI) and revenue year-over-year thanks to a thriving multifamily market.
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When reporting its first quarter 2012 earnings on Friday, Houston-based Camden Property Trust said that renter nation has led it to a great start in 2012. Camden saw its best quarterly same property net operating income (NOI) growth rate in the past 15 years. And same property NOI for the company’s...
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In the midst of deleveraging and portfolio reshuffling, UDR CEO Tom Toomey had good news to report from the first quarter.
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With the second student housing REIT, EdR (formerly Education Realty Trust), hosting its first quarter earnings call yesterday, it’s apparent that the hot topic this earnings season could be pre-leasing velocity for the student housing companies, especially for those whose numbers have fallen...
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When it comes to your company’s online reputation, be proactive, says Aaron Helfman, director of marketing for Korman Residential. Speaking this week at the Apartment Internet Marketing conference in Phoenix, Helfman, along with Jamie Gorski, senior vice president of corporate marketing for the...
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When it comes to online reputation management, ratings and reviews can be both a curse and a blessing. But with an average of 66 million unique visitors a month to Yelp.com (as of Q4 2011) it’s clear that when it comes to multifamily reputation management, the new reality is that potential renters...
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AvalonBay enjoyed first-quarter success as its new developments opened ahead of pro forma.
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Despite some turnover early in the year, Equity Residential posted a strong first quarter as it continued its chase of Archstone.
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In the first quarter of 2012, apartment valuations took another step toward erasing the losses they suffered after the financial collapse.
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We present our exclusive list of the top 10 third-party apartment managers of 2011, with Greystar leading the pack.
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Associated Estates had its earnings call today and reported strong results throughout its 13 markets.
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Earnings season is underway and multifamily REITs began hosting conference calls this week to discuss Q1 2012 earnings. Just as the rental market has continued to be strong, so too should the majority of first quarter financial results.
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With concerns about new rent control regulations rising, two New York landlords took their the The Supreme Court.
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Everyone talks about the shadow market, but no one seems to know how big it is. CoreLogic economist Sam Khater is taking steps to quantify that.
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From the East to West coasts, this week’s multifamily deals span across the entire country and range from large to small. On the heels of the recent announcement from Fannie Mae detailing robust growth in multifamily during the first quarter of 2012, sales continued to surge this week across the...
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Cranes are suddenly appearing in a lot more markets around the country than just Washington, D.C. As local media sees signs of life in apartments, stories begin circulate about new projects and ultimately, about supply coming online. And in some places, oversupply concerns are already starting to...
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May 21 is the new deadline for Equity Residential to make a bid on a 26.5 percent interest in former REIT Archstone. Yesterday, majority stakeholders Barclays and Bank of America (BAC) agreed to extend EQR’s deadline by a little more than one month in hopes that it will buy half of their stake in...
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The multifamily industry is all about going green these days. But Phoenix-based Alliance Residential is taking the idea two steps further by not only putting seven “Focus Green” initiatives into place, but by making Kelly Vickers the company’s full-time national director of sustainability.
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Tomorrow is the deadline for EQR to make a second bid on Archstone. Nothing has come out yet, but an investment banking firm has some guesses on what’s happening with the negotiations.
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A closer look reveals that it wasn’t only REIT chief executive officers who rode the apartment tailwind in 2011 all the way to the bank. Many of the REIT chief financial officers also saw a boost in compensation last year thanks to the red hot apartment market.
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You'd think reports of rising rents and almost no vacancy in parts of New York and San Francisco would be music to the ears of landlords. But is it really?
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A recent Archstone case shows that landlords charging pool, gym and outdoor grill fees in Massachusetts is against the law.
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This week there were several deals announced that prove that apartment owners are confident that the rental trend is only going to continue in the months and years ahead. Here a few of the notable transactions:
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A warm, fuzzy feeling about demand, the inference that it is huge, and pent-up, and working like a cohesive collective conscious of need and means, ... it's all practically a given in a business and investment climate characterized best by the term Renter Nation. And who doesn't think of...
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With the proliferation of ways customers can comment online on your property’s appearance, staff, amenities, appliances—and anything else they can think of—the need to stay on top of these comments is as important as ever. But it seems there’s no one way to do this. Some owners use software to do...
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The education and healthcare sectors are not only shaping the U.S. job market, but are creating a housing boom in cities with high numbers of hospitals and universities. And multifamily owners are starting to feed the need.
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With nearly 15,000 rental units started in 2011 and almost no condo supply, you have to wonder if demand drivers will soon shift in the nation’s capital.
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Not everything is so sunny in the apartment business. The latest report from Trepp says delinquencies are moving up fueled by loans made in 2007.
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Acquisitions activity picked back up this week after an end of March lull. And, once again, it’s the big metros that lead the way in terms of demand.
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The biggest takeaway we can offer up after listening at the Apartment Finance Today "Meet The Money" Conference about the tentative and hyper-selective way capital is working into the arterial network of the multifamily gross domestic product is this: If you don't need money, you can probably get...
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Want to maximize your NOI? It can be done in just a few simple steps, according to Lee Harris,president and CEO of Overland Park, Kan.–based Cohen-Esrey Real Estate Services. Harris, along with a panel of industry experts speaking at the annual Apartment Finance Today Conference this week in Las...