Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
New Strategies to Improve NOI
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Revenue management systems and bundled fees are among the many ways to improve net operating income.
As the industry acclimates to its new normal and multifamily housing companies ease the reins on operating budgets, management companies are looking for new avenues to increase net operating…
NAHB: Multifamily Sentiment, Occupancy Increase
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The Multifamily Market Survey from the National Association of Home Builders shows builder and developer sentiment is on the rise, as is occupancy.
The rental housing industry is preparing for a positive outlook the remainder of the year. The latest Multifamily Market Survey from the National…
Rent Growth Continues in October at Slower Pace
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Rent growth across the U.S. continues to climb but at a slower pace than seen earlier this year.
Rent growth remains strong across the U.S. despite a slowdown in the fall. According to the latest National Rent Report from Apartment List, rents backed off a bit to their smallest month-over-month…
Thompson Thrift Rebrands Watermark Residential Multifamily Division
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NAA Best Places to Work Finalist renames multifamily division.
Thompson Thrift, an Indianapolis-based full-service real estate company, has renamed its multifamily division, Watermark Residential, as Thompson Thrift Residential. This rebranding creates three business units: Multifamily, retail and…
Apartment Industry Embraces Automated Leasing
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Virtual leasing assistants bring greater convenience and efficiency to today’s 24/7 prospective resident.
The era of automated leasing is upon us. And it may not be an exaggeration to say that the pandemic created 10 years’ worth of apartment industry technology in about 100 days.
Smart-home…
U.S. Rents Soar in October
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New data shows rents climbing month-over-month in top cities.
New York City remains atop the Zumper National Rent Report as the highest-priced city. The October report shows the top three cities—New York, San Francisco and Boston—as unchanged from September for median one-bedroom rent prices. New…
WSJ Editorial Board Criticizes St. Paul Rent Control
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The Wall Street Journal Editorial Board has condemned the recent passing of rent control in St. Paul, Minn.
Voters in St. Paul, Minn., passed a rent control ballot initiative in early November with 53% of voters in favor of the 3% cap increase per year. The Wall Street Journal Editorial Board has…
U.S. Rents Continue Exponential Growth Pace
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Rents across U.S. continue climbing—localizing in larger, tech markets.
Rising rents across the U.S. are not backing down after another jump in September. The monthly rental report from Realtor.com shows September rents are up 13.6% year over year (YoY)—about four times higher than pre-pandemic…
Detailed Analysis: How Will President Biden’s Build Back Better Framework Offsets Impact the Multifamily Industry?
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What offsets remain on the table, what's out and how it affects the rental housing industry.
President Biden on October 28 went to Capitol Hill and released an updated framework for the Administration’s Build Back Better “human infrastructure” plan. After months of negotiations…
Occupancy Soars to Record Rate
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U.S. occupancy rates climb across metros, backed by Class C apartment growth.
Market-rate apartment occupancy is at a record high. According to a RealPage analytics blog by Chief Economist Greg Willett, occupancy is at 97.3%, 230 basis points (bps) higher than what is considered a healthy rate of…