Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Stay on Vax Mandate Lifted, Prepare for Enforcement in the New Year
| Updated
On December 17, 2021, the U.S. Court of Appeals for the Sixth Circuit lifted the temporary stay on the Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard (ETS). Now that the stay, which delayed OSHA’s enforcement has been lifted, housing providers who employ…
Apartment Occupancy Hits Record High in November
| Updated
Apartment occupancy is at an all-time high.
Apartment occupancy is at an all-time high. According to RealPage, occupancy hit 97.5% in November, breaking the typical trend of occupancy cooling off with the arrival of colder weather.
Effective asking rents also jumped in November, up 0.4% from…
Industry Executives Preview 2022: Part 3
| Updated
The industry and its leaders will continue to contend with the numerous impacts of the pandemic in 2022, including construction, technology and lessons learned, in part three of our executive preview.
Read part 1Read part 2
Multifamily construction has outpaced it’s single-family counterpart by a…
Industry Executives Preview 2022: Part 2
| Updated
The industry and its leaders will continue to contend with the numerous impacts of the pandemic in 2022, including the labor shortage and apartment occupancy, in part two of our executive preview.
Read part 1
According to the Beige Book from the Federal Reserve, labor shortages across the nation…
Industry Executives Preview 2022: Part 1
| Updated
The industry and its leaders will continue to contend with the numerous impacts of the pandemic in 2022, including rent growth and inflation, in part one of our executive preview.
The rental housing industry continues to endure the effects of the COVID-19 pandemic, and no one—whether living or…
NAA’s 2022 Legislative and Regulatory Outlook for the Apartment Industry
| Updated
What apartment owners and managers should expect from the public policy arena in the coming year.
High occupancy rates, persistent lack of adequate supply and rising inflation in the form of rents are all putting pressure on policymakers at all levels to act. NAA remains vigilant about the…
The Technology Transformation of the Nation’s Largest Affordable Housing Community
| Updated
Partnerships and planning power technological transformation at large Brooklyn community.
Make no mistake about it: Modernizing the technology and processes used to operate and manage Spring Creek Towers in Brooklyn was a massive undertaking. For starters, the property is the nation’s largest…
Strategies for Capitalizing on Multifamily Investing
| Updated
A discussion with six major players leading multifamily development and acquisitions in the Western region.
Demand for multifamily housing is at an all-time high, as are rents and occupancy rates. Paired with an infusion of capital and a shortage of available assets, this environment makes for a…
Rents Decline in Half of 100 Largest U.S. Cities
| Updated
The National Rent Report from Apartment List shows rent growth across the country remained relatively flat.
More than half of the 100 largest cities in the U.S. saw rent prices decline during November. The national index from Apartment List increased 0.1%, which is the lowest month-over-month (MoM…
Tricon Residential Expanding Build-to-Rent Portfolio
| Updated
Owner and operator Tricon Residential plans to deliver thousands of new build-to-rent homes.
Owner and operator Tricon Residential is expanding across the Sun Belt with 23 new home communities. The company announced earlier in November it was expanding to more than 3,000 rental homes in its build-…