Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Greystar Tops 2024 NMHC 50
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Greystar continues to lead the way as the largest apartment manager in the U.S. The National Multifamily Housing Council (NMHC) released its NMHC 50 earlier this month to highlight the largest apartment owners, managers, builders, developers and syndicators.
The Charleston, S.C.-based real estate…
NAA Kicks Off Fair Housing Month
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On April 3, NAA presented the first “April is Fair Housing Month” session for 2024. Jay Harris, Partner with Hudson Cook shared his expertise with attendees during the session “Part II: 10 Applicant Screening Solutions for Property Managers,” which was a follow-up to his session in February on…
Fraud Continues to Pester Multifamily Housing
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Fraud is still an issue for the rental housing industry. New data from RealPage shows properties are fighting fraud and that it's a top priority for companies. The study dives into trends, how fraud impacts business, reporting tools and other challenges when facing fraud.
"To help leasing…
Drucker + Falk Takes Plunge for Special Olympics
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Two Regional Property Managers and 19 communities from Drucker + Falk's DF Multifamily division took the plunge for the Special Olympics recently. The communities included seven teams from Virginia and North and South Carolina that participated in the Polar Plunge fundraiser.
"At Drucker + Falk, we…
Resident Moves Create Affordability
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The cycle of move-ins and move-outs is adding vacancies and opportunities for more affordable apartments across certain metro areas. A report from the Federal Reserve Bank of Minneapolis illustrates this "cycle of moves" and that "new units help keep current prices down for everyone by opening up…
RKW Residential Expands BTR Portfolio
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RKW Residential is growing its build-to-rent (BTR) portfolio in the Southeast. The company announced it has added 1,400 units to its management portfolio in North Carolina, South Carolina, Georgia and Florida to bring the firm's total to more than 5,000 BTR units under management or consulting.
"…
UKAA Rebrands as Association for Rental Living
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The UK Apartment Association (UKAA) is now the Association for Rental Living (ARL). Originally founded in 2016 with the support and affiliation of the National Apartment Association (NAA), ARL's rebrand better aligns itself with the rental sector of its member base, which includes build-to-rent,…
Renter Engagement Visits Midwest, East Coast
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For the third straight month, renters are battling for apartment units in Minneapolis more so than any other metro. According to RentCafe.com, Minneapolis saw the most website engagement in February, up 234% from the previous February.
While much of the top 10 is made up of cities in the Midwest…
Miami Most Competitive Rental Market
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Miami is off to a hot start to begin 2024 as RentCafe's most competitive market for renters. The firm reviewed the number of days units were vacant; percentage of occupied apartments; prospective residents competing for an apartment; the percent of renters renewing; and apartment completions.
Miami…
Rents on the Rise
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Rents are on the way up for the first time in six months. According to the March 2024 Apartment List National Rent Report, median rent is at $1,377, up 0.2% from the prior month. Rents fell for six straight months from August 2023 to January 2024; however, this follows a seasonal pattern of rents…