Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
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.
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10 Things to Know About the 2024 Apartment Housing Outlook
By Erioreoluwa (Eri) Bajomo | | Updated
The 2024 Apartment Housing Outlook provides in-depth insight into the industry from two standpoints: Economic perspectives and an overview of the apartment sector. Uncover 10 facts you may not readily know about the Apartment Housing Outlook below.For the 22nd consecutive month, the Small Business…
Asking Rents Hit Largest Decline in Over 3 Years
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Asking rents are on the decline year-over-year (YoY) and month-to-month. New data from Redfin shows asking rents slipped 0.6% from October to November, and rents were down 2.1% since the previous November, which is the largest decline since February 2020. Despite the declines, rents are still 22.1…
Resident Screening in Multifamily Housing
By Lauren Shelton | | Updated
Resident screening is a topic at the forefront of the rental housing market. The White House Blueprint for a Renters Bill of Rights, released in January 2023, names it as a primary component in addressing housing discrimination and exclusion. Previous U.S. Department of Housing and Urban and…
NAA’s Most Recent Podcasts Focus on Dollar of Rent, DE&I
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The NAA Apartmentcast, the official podcast of the National Apartment Association, recently sat down with NAA Director of Advocacy Research Leah Cuffy to review the breakdown of $1 of rent, examining all the expenses that comprise the total cost of operating rental housing, as well as looked at…
Centralization: The Tech That Matters No Matter Your Definition
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There is no shortage of buzzwords being tossed around the multifamily housing industry, and one of the newest, “centralization,” has rapidly gained traction.
However, while the concept is extremely popular, the definition of the word varies by organization. Some combine all of their leasing…
The NAA ApartmentCast Tackles Rent Control
By Leah Cuffy | | Updated
Leah Cuffy, NAA’s Director of Advocacy Research, has joined The NAA ApartmentCast to discuss a perennial topic: Rent Control.
From December 2022 to February 2023, NAA commissioned ndp | analytics to conduct interviews with housing providers and developers from three different markets impacted by…
5 Key Consumer Preferences of Renters
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RCLCO Real Estate Consulting has released the results of the “2023 Renter Consumer Preference Survey Report,” providing in-depth national insight into the consumer preferences of single-family and multifamily renters.The report offers data derived from survey conducted in late 2022 that uncovers…
Minneapolis City Staff Report Says No to Rent Control
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On April 14, Minneapolis city staff published an impact analysis, “Rent Stabilization Staff Analysis,” to provide in-depth background and research after voters approved an amendment to allow rent caps in November 2021. The report recommends against implementing a rent stabilization policy,…
Office Vacancy Up, Apartment Conversions A Result
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The national vacancy rate for office buildings in the U.S. hit a nearly 30-year high in the third quarter of 2022. According to a recent report from CBRE, the vacancy rate reached 17.1%. This extra space has led developers, investors, architects and others in the real estate arena to rethink how…