National multifamily real estate news magazine covering all aspects of the industry.
Expected to break ground in the fall of 2023 and slated to welcome its first residents in 2025, the project will encompass a mix of studios, as well as one-, two-, three- and four-bedroom apartments. Gilbane Development Company
Gilbane and The Ohlone Community College District unveiled plans for a new 400-bed student-dedicated community in Newark, Calif.
The provisions drew favorable reviews from affordable housing sponsors. In a statement, Enterprise Community Partners' Lori Chatman praised the new LIHTC provisions and called the tax credit the most important tool in expanding the nation’s affordable housing stock.
To boost affordable housing development, federal agencies are providing new flexibility and financing and extending deadlines.
According to Multifamily Insiders, your competitors are working hard to beat you and they are targeting your customer’s budget, which means you have to be innovators and pioneers too, especially when it comes to reaching bigger goals.
Learning to overcome obstacles in sales is a lot like swimming in the ocean.
Our ranking of the industry’s leading mortgage banking firms will be based on a number of factors, including commercial mortgage origination volumes, the types of financing provided, minimum commercial loan amounts and more.
Don't miss out on the chance to participate in the 2023 Top Mortgage Banking Firms survey.
While PHIUS-certified multifamily projects cost 1 to 2 percent more than other comparable projects, they can yield energy savings of 40 to 60 percent compared to regular buildings, says Phius Executive Director Katrin Klingenberg.
Sustainability is becoming the norm, but determining returns is more complicated.
In-migration is favoring secondary markets and continues to boost the self storage sector. In addition to the sector’s reputation as an inflation hedge, mainly due to monthly leases that can be altered, another benefit is that market penetration seems to have little-to-no impact on rent growth.
Year-over-year the national average street rate remains positive.
Both inflation and interest rates are causing concerns in the industry. Interest rates affect our end users, but inflation affects our customers’ end users. We don’t have the predictability to know the long-term cost of supplies, due to nflation, says Barry Wurzel, founder of Wurzel Builders LTD.
After a prosperous career in CRE development, Barry Wurzel is now turning to multifamily construction. Here's why and how.
Greystone provided financing for Quantum Equities' acquisition of Oaks at Park South community in Oxon Hill, Md.
Quantum acquired the community in a Washington, D.C., suburb with financing provided by Greystone.
The catastrophic losses are sure to create additional insolvency in the Florida market, push more insurance carriers out and force those willing to stay to increase premiums to a point that pays them for their risk, says Jeff Klotz, CEO of The Klotz Group of Companies.
Costs are likely to rise, and that will have major repercussions for Florida's multifamily industry.
Rates are likely to rise, and that will have major repercussions for Florida's multifamily industry.
Safety—of the body and mind—is top priority, according to Ryan Cos.' John Bentley.
“A lot of seniors are in a place where they can’t increase their incomes to keep up with inflation, and they’re facing tough choices,” said Jeffrey Jaeger, co-founder of Standard Communities.
From ever-changing and higher construction costs to lower tax credit prices and high interest rates, developers are negotiating a new and trying environment.
As Southern California’s most affordable market, continued population increases—nearly 350,000 residents added in the past decade—coupled with the rise of logistics, have pushed up housing demand.
The market’s proximity to the ports of Los Angeles and Long Beach has turned logistics into the area’s main economic driver.
Borrowers who have historically borrowed with floating-rate vehicles need to be prepared for the uptick in debt service costs—both current and anticipated—which has already started to impact escrows for future interest rate caps, says Ernie Katai, Berkadia's head of production.
Berkadia Head of Production Ernie Katai discusses shifts in borrowers’ needs and useful tools to navigate uncertain times.
Some thought the pandemic could more heavily sway the proportion of online classes, but ultimately, the full college experience is still the driving force behind the post-pandemic recovery of student housing, says RPM Living's VP of client services Theresa Sopata. Image of Midtown 905 by RPM Living
The program is part of Fannie Mae's solutions to bolster equitable access to credit for more consumers and remove obstacles in their housing journey, whether they continue to rent or are seeking to become homeowners.
The program will enable participating multifamily owners to help renters establish credit histories.
According to a RentCafe report, a record 28,153 new units are projected to be delivered by the end of 2022 in New York, almost 50 percent more than 2021 completions— a remarkable comeback, after the pandemic prompted many residents to relocate from the city.
New York City is poised to surpass Dallas-Fort Worth in terms of deliveries for the first time since 2018.
The NHP Foundation's Thomas Vaccaro highlights the organization's top recommendations from previous annual symposiums with affordable housing legislators and experts from academia, supportive housing services, finance, and development.
In advance of The NHP Foundation's annual symposium, Thomas Vaccaro reviews the recommendations that emerged from previous events.
Occupancy rates in many affordable senior housing projects are much higher–typically at 95 percent or higher, said Andrew Anania, a managing director in Berkadia's tax credit syndication practice. CBRE The NHP Foundation
From ever-changing and higher construction costs to lower tax credit prices and high interest rates, developers are negotiating a new and trying environment.
Marketing experts from Mosaic and AHV Communities on how to execute a successful marketing strategy for single-family rentals
What are the most efficient techniques to reach prospects? Here are a few things that work in the single-family rental market.
The Laurel was designed and developed Solomon Cordwell Buenz (SCB) and Southern Land Company. The building's Walnut Street side is only 105 feet wide, anchored by historic townhouses on the west and Rittenhouse Plaza on the east.
SCB's Clare Wineberg on The Laurel, Philadelphia's tallest residential tower currently underway in the city's iconic Rittenhouse Square.
One of Nashville's biggest draws is its employment prospects. The Nashville region is also defined by a diverse economy, low living and business costs, a creative culture and a well-educated population, according to Hardaway Construction CEO, David Frazier.
Custom-designed onboarding programs are a great way to highlight your company values and culture. Quarterra, new hires take a course that covers everything from customer service to marketing skills. Birchstone Residential
Actions and words go hand in hand when greeting new employees and helping them feel like they’re part of the team.
MG Developer, Baron Property Group and Township Capital will break ground in December. Designed by MODIS Architects, the building will be the tallest residential development in Hialeah.
The 559-unit Metro Parc in Hialeah, Fla., the company’s first multifamily project, is expected to come online in the spring of 2024.
East House and MM Development Advisors, Inc. will revitalize a former shoe factory that has been vacant for more than a decade into energy-efficient homes.
East House and MM Advisors will transform the 19th-century brick structure into affordable units.
Related Group's latest project marks the largest single-phase public/private development in the county. The company intends to offer accessibly priced units for families looking to live in a Class A community.
Related Urban Development Group has broken ground on a 465-unit mixed-income development in downtown Miami.
Tradition at Palm Aire includes 20 buildings and 248 units. RangeWater Real Estate's planned improvements include new outdoor amenities, including walking trails, pickleball courts and outdoor pavilions.
RangeWater has acquired a 248-unit luxury community in Sarasota, Fla. The property last traded in 2020 for $48.1 million.
Cantor Fitzgerald and Silverstein Properties have closed on a $176.2 million construction loan for Astra Tower. The development team plans to integrate WELL Building concepts into the design to enhance residents' health and well-being.
Upon completion, this Salt Lake City tower will be the tallest building in Utah.
Key investments in the market include Ryan Companies US, Inc.'s $5 billion mixed-use campus in south Kansas City and Meta's $800 million data center investment in Northland.
A series of major investments indicates that the local economy is on the road to recovery.
Multi-Housing News: One year later: The success of the Greystone-Cushman & Wakefield JV - Greystone
"Global real estate services firm Cushman & Wakefield acquired a 40 percent stake in Greystone’s agency, FHA and servicing platforms for $500 million in December. The deal was billed as a one-stop shop for investors’ capital and advisory needs when it was announced last October. Real estate fina...
West Shore has acquired two properties in Pooler, expanding its Georgia portfolio. The Carlyle at Godley Station and The Preserve at Godley Station are upscale apartment communities located less than two miles apart. West Shore now owns and operates five multifamily assets in Georgia, including The Mark at Chatham, Walden at Chatham Center Apartment Homes, and Grand Oaks at Ogeechee River, all in Savannah. Learn more about the acquisitions from Multi-Housing News:
Nuveen Investments and RangeWater Real Estate are bringing a new community to Tampa, Fla. The partnership plans to complete the new project in summer of 2023.
RangeWater Real Estate in a partnership with Nuveen Real Estate are breaking ground on a 288-unit community in Tampa, Fla.
Industry leaders from National Multifamily Housing Council, Transwestern, CBRE, Walker & Dunlop and Origin Investments respond to the Fed's latest rate increase and detail what the multifamily industry can expect.
Experts weigh in on what to watch following the Federal Reserve's latest increase.
In this episode of Mission Success: Women in Multifamily, Senior Editor Laura Calugar talks to Gina Merritt about why BIPOC developers are still held with different underwriting standards when trying to access capital for their projects. Listen on Apple Podcasts and Spotify!
Minority developer Gina Merritt on increasing racial equity in development while addressing the chronic affordable housing shortage.
This year’s Top Multifamily Property Management Companies list includes 50 firms with a combined 3.05 million units under management, with firms managing properties in suburban zones and the Sun Belt, Midwest and Southwest outperforming communities in other markets.
Find out which companies made MHN’s annual ranking of industry leaders.
BRIDGE Housing's new development will offer access to transit, schools, large employers, green open spaces, as well as medical hubs. Project architect Scott Edwards Architecture is designing the project to achieve Earth Advantage Platinum certification.
BRIDGE Housing Corp. has made progress on the construction of Aloha Family Housing, an 81-unit affordable community in Aloha, Wash.
After completion in 2025, the 10-story building will total 525,000 square feet and include a 500-unit residential portion that will better accommodate residents with hybrid work models. Howard University Davenport Group Lowe
The project in Washington, D.C.’s Shaw neighborhood will include as many as 500 units.
According to Commerce Garage, marketers can use ROAS as a micro metric that reveals the effectiveness of the ad itself without evaluating the impact it had on overall profit. The Bozzuto Group KETTLER
When apartment marketing teams talk to senior management and owners about revenue generated, they are speaking their "love language."
Teams want companies' DEI efforts to go beyond the "change commitment." They are demanding accountability, transparency, and commitment with real change and action behind it. Multifamily Insiders
Strategies for engaging in diversity, equity and inclusion efforts within your organization.
The Brooklyn market saw a notable improvement, despite out-migration and economic turbulence. Both completions and investor interest picked up steam.
Rents, occupancy and investment sales in the borough all showed significant gains.
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“Overregulation is a constant challenge,” says NAA's Nicole Upano in one of our latest podcasts. Tune in to hear all about the implications of the bill. Apple Podcasts: https://apple.co/3Lny0BW Spotify: https://spoti.fi/3rSwCj0
ICYMI: “Architecture should do what a great home does, which is provide the foundation for living a really full life,” Ruddy told Multi-Housing News Senior Editor Laura Calugar in the first 2022 episode of the Mission Success: Women in Multifamily podcast series.Find the full episode at:Spotify: https://spoti.fi/3M44IsUApple Podcasts: https://apple.co/3skQbkFAnchor: https://bit.ly/3smbZMY
NHP Foundation’s Mecky Adnani makes the case for a better funding system in the latest “Mission Success: Women in Multifamily” podcast. Apple Podcasts: https://apple.co/3ERoynm Spotify: https://spoti.fi/2ZujPYP
MCA Founder Mary Cook reveals part of her professional secrets in the August episode of our “Mission Success: Women in Multifamily” podcast series. Apple Podcasts:https://apple.co/3gDOwjU Spotify:https://spoti.fi/2WpjaXw
RMK Management’s Diana Pittro speaks passionately about her achievements, her team and her mission. ICYM July’s episode of the “Mission Success: Women in Multifamily” podcast, tune in now! Apple Podcasts: https://apple.co/3sw722t Spotify: https://spoti.fi/3AS2Lt0
In the latest episode of Multifamily’s Top Marketers, industry veteran Tamela Coval urges multifamily marketers to keep adjusting to an ever-changing landscape. Apple Podcasts: https://apple.co/3zuYwTM Spotify: https://spoti.fi/3iJkDPt
ICYMI: In the June episode of our Mission Success: Women in Multifamily podcast series, Dunn reflects upon her career and talks about changes she would like to see in the industry. Spotify: https://spoti.fi/3AozN4J Apple Podcasts: https://apple.co/36e4885
In our latest Multifamily’s Top Marketers podcast, Lindsay Brown of Campus Advantage discusses what’s next as campuses come back to life. Spotify: https://spoti.fi/3zp8bfj Apple Podcasts: https://spoti.fi/3zp8bfj
Cuningham’s Amy Cheever on what it takes to design spaces that reflect the communities she serves. Listen to her wide-ranging insights in the latest episode of Mission Success: Women in Multifamily. Apple Podcasts: https://apple.co/2SkyOBu Spotify: https://spoti.fi/3zkPSYv
In the latest episode of our Multifamily’s Top Marketers podcast, Morgan Properties’ Jillian Fikkert outlines how to gauge your strategy’s effectiveness and how an interconnected team can make all the difference.
After a year of economic volatility, your motivation level could be so low that it’s hard to keep your team’s spirits up. Here’s what you can do, according to leadership coach Maria Pietroforte. Tune in now for the April episode of our Mission Success: Women in Multifamily podcast series! Apple Podcasts: https://apple.co/3sKlCSq Spotify: https://spoti.fi/2PdTJnY
In the latest episode of our Multifamily’s Top Marketers podcast, Rommel Anacan of The Relationship Difference dives into how people are the key to attracting—and retaining—residents. Apple Podcasts: https://apple.co/3daVrjp Spotify: https://spoti.fi/3toOwc5
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