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Multi-Housing News

Multi-Housing News 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 encompa...
10/12/2022
Ohlone College Selects Gilbane for Bay Area Student Housing Project

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' L...
10/12/2022
Federal Agencies Take New Steps to Boost Affordable Housing

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 ...
10/07/2022
How Overcoming Obstacles in Life Applies to Sales

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 ...
10/07/2022
Call for Submissions: 2023 Top Mortgage Banking Firms Survey

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 energ...
10/07/2022
Reckoning ROI for Green Multifamily Development

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 r...
10/07/2022
Self Storage Street Rates Temper

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 inflati...
10/06/2022
When CRE Looks Like Shaky Ground, Build Multifamily Assets: Q&A

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.
10/06/2022
Quantum Equities Lands $60M Acquisition Loan

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...
10/06/2022
How Will Hurricane Ian Impact Insurance Rates?

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.

“A lot of seniors are in a place where they can’t increase their incomes to keep up with inflation, and they’re facing t...
10/03/2022
Financing Affordable Senior Housing Gets More Challenging

“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 pa...
09/30/2022
Inland Empire Multifamily Report – August 2022

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 ...
09/30/2022
Berkadia's Head of Production on Multifamily's Resilience...So Far

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 exp...
09/30/2022

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 obstac...
09/30/2022
Fannie Mae Pilots 'Positive-Only' Rent Payment Reporting Program

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, ...
09/29/2022
U.S. Apartment Construction on Track to Reach 50-Year High in 2022

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 wi...
09/29/2022
5 Years of Affordable Housing Lessons

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 Andre...
09/29/2022
Financing Affordable Senior Housing Gets More Challenging

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 re...
09/28/2022
3 Ways to Market Single-Family Rentals

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 Stre...
09/28/2022
Filling a Historical Gap: Behind Philly’s Tallest Residential Tower

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,...
09/27/2022

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 t...
09/27/2022
How to Welcome New Employees to the Team

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...
09/27/2022
MG Developer JV Scores $148M for Luxury Miami-Area Project

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 ...
09/23/2022
Historic NY Factory to Get $64M Makeover

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 inte...
09/23/2022
Related Group Breaks Ground on $190M Miami Development

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 ou...
09/23/2022
RangeWater Acquires Florida Luxury Community

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 deve...
09/23/2022
Cantor Fitzgerald, Silverstein Close $176M Construction Loan

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 Met...
09/22/2022
Kansas City Multifamily Report – August 2022

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
09/22/2022
Multi-Housing News: One year later: The success of the Greystone-Cushman & Wakefield JV - Greystone

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...

09/22/2022

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 compl...
09/22/2022
RangeWater Breaks Ground on Tampa Development

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 r...
09/22/2022
How the Interest Rate Hike Impacts Multifamily

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 BI...
09/22/2022
Helping Minority Developers Scale Up

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 unde...
09/21/2022
Top 50 Multifamily Property Management Firms of 2022

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 m...
09/21/2022
BRIDGE Housing's Washington Affordable Community Advances

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 portio...
09/21/2022
Howard University to Develop Mixed-Use Building Near Campus

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 w...
09/21/2022
Understanding ROAS: Moving Beyond the Cost of the Lease

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,...
09/20/2022
DEI as Systemic Change Work

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 inves...
09/20/2022
Brooklyn Multifamily Report – August 2022

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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Wondering if your in-house team can meet the needs of your communities? Multi-Housing News weighs the pros and cons for in-house and agency digital apartment marketing. https://buff.ly/3IOdSaQ #ApartmentMarketing #Multifamily
WJW is proud to share this interview with Heidi in Multi-Housing News, which highlights her professional story, her expert insights on senior housing, healthcare design and more! Check it out here: #WJW #WJWArchitects #womeninarchitecture #seniorliving #healthcarearchitecture
"Today, properties that put health and wellness first also perform better with resident satisfaction, having a higher likelihood of residents recommending the property." Learn more from Multi-Housing News on the #multifamily wellness trends that are here to stay:
Did you know RKW has been ranked as one of Multi-Housing News’ top multifamily property management firms for the past three years? It takes operational excellence with a focus on delivering better-than-budget results to consistently rank among the best in the industry. Check out more coverage from Multi-Housing News here: https://www.multihousingnews.com/proptech-alfred-buys-rkw-residential/
Did you know RKW has been ranked as one of Multi-Housing News’ top multifamily property management firms for the past three years? It takes operational excellence with a focus on delivering better-than-budget results to consistently rank among the best in the industry. Check out more coverage from Multi-Housing News here: https://www.multihousingnews.com/proptech-alfred-buys-rkw-residential/
"Cherry Development will build the units with quartz countertops, stainless steel appliances, washer/dryer units, smart thermostats, and solar energy panels on the roof. The community’s amenities will include a fitness center, courtyard, business center, viewing deck, and community kitchen and entertaining area." - Multi-Housing News Read more: https://www.multihousingnews.com/cherry-development-starts-construction-on-las-vegas-community/
"A new generation of tech-savvy senior housing residents coupled with a sea change of thought on cleanliness and air quality in the places people live and work underscores how important it is becoming for owners and operators to update their tech features." Learn more from Multi-Housing News about the latest innovations that owners and operators should know about in #SeniorLiving:
With prospects increasingly shopping for apartments online and narrowing their short list before ever touring a property, marketers must be more strategic in allocating dollars to maximize the digital experience, as James Love of TJ client Draper and Kramer, Incorporated recently told Multi-Housing News. Read more in today’s TJ TALK: https://conta.cc/3hKFscZ
At ACC, our people are our strength. We're proud of our team's hard work nationwide that helped to earn us Property Management Company of the Year, Silver in the Multi-Housing News 2021 Excellence Awards! Each day, nearly 3,000 dedicated ACC employees work toward our goal of delivering the best possible experience for students. Huge thank you to our team, and to Multi-Housing News for this honor! #putstudentsfirst #americancampus
Flexibility is the key to success in a strong multifamily marketing budget. Our marketing director, Kristina Rauscher, shared more of her top tips and insights with Multi-Housing News -- read the full article here:
Multi-Housing News covered our QOZ Fund I development, The Hendricks. This project is in partnership with StoneHawk Capital Partners and will be a 5-story, 285-unit Class A apartment community located in the emerging Cedars submarket of Dallas. The Hendricks is situated immediately south of Dallas’ central business district. It is adjacent to the future spot of So Good by Hoque Global, a master-planned urban community next to the Farmers Market, Deep Ellum and Fair Park. We closed out QOZ Fund I in October 2021 but are still accepting capital for our open QOZ Fund II. Read the full article here > https://bit.ly/3tgSC73 #qoz #multifamily #realestate #realestateinvesting
Greystone's Pharrah Jackson-Rowell discussed the outlook for affordable housing development and finance with Multi-Housing News. Read her thoughts here: https://bit.ly/3M05zKS
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