Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
JLL Adds Multifamily Property Management Services
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The real estate services firm adds multifamily property management to group of businesses, names new group leader.JLL has entered the multifamily property management space. The company made the announcement Sept. 21 that it expanded its Property Management business to include the Multifamily…
Major Groups Show Support for NAA’s Eviction Moratorium Lawsuit
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Industry organizations support compensating rental housing owners affected by federal eviction moratorium via friend-of-the-court briefs. Earlier this month, the National Association of REALTORS® (NAR), National Association of Home Builders (NAHB) and New Civil Liberties Alliance (NCLA) each…
Rent Growth Inches Downward
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For months, rent growth has continued upward, but the latest data shows asking rents are decreasing.Year-over-year (YoY) rent growth continues, yet a slowdown has happened after more than a year and a half of gains. A new report for Apartments.com shows rents declined across the U.S. from July to…
St. Paul City Council to Review Rent Control
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The vote on the amendment is expected Wednesday. The City Council for St. Paul, Minn., is set to review changes to one of the strictest rent control laws in the country. A vote on the easing of rent control measures is expected Wednesday, according to the Pioneer Press. Last November,…
Build a Better Leasing Experience with Centralization and Technology
By Morgan Dzak | | Updated
Centralized leasing has become quite the multifamily buzzword, but operators have different perspectives of what it actually means. What exactly is being centralized? Traditionally, centralized staffing has referred to having a central physical office, but today it includes a combination of…
Post-Recess Outlook: What’s on the Table, Why We’re Engaged and How it Will Affect the Industry
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Congress returns to Washington with a slate of potential legislative actions that will have a direct effect on apartment housing.With Congress back in Washington post-recess, the industry is tracking many potential legislative actions that will have a direct effect on the rental housing sector. And…
Rent Growth Slows Across U.S.
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Rent growth eases; still ahead of pre-pandemic data.Rent growth continues to slow across the U.S., marking the first back-to-back monthly declines since the end of 2021. The Apartment List National Rent Report shows rents increased 0.5% during August, which is half the growth rate that was seen the…
Are Commercial-to-Residential Conversions Really the Next Big Thing?
By Marc Kotler | | Updated
Available land is scarce in New York City. One alternative is converting office and other non-residential buildings into rental housing.With a population fast approaching 8.5 million people and the number of available rental apartments plunging month after month, the demand for housing in New York…
RKW Residential Expands in Southeast
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RKW Residential increases its footprint in the Southeast with 13 new communities.RKW Residential has expanded its footprint throughout the Southeast. The company announced the 13-community portfolio totaling more than 2,800 apartments on Aug. 25.Among those communities are RKW’s first under…
WSJ Editorial Board Tackles ‘Insanity’ of Rent Control
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The Wall Street Journal Editorial Board discusses the topic of rent control in Florida.Rent control is on the table again in Florida, this time in Orange County. The Wall Street Journal Editorial Board, again, has shunned the idea of capping rents. See the Board’s criticism on St. Paul, Minn., rent…