Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Don’t Trust, Verify
September, 2023 | Updated September, 2023
It’s no secret that fraudsters are becoming more sophisticated. Websites are dedicated to producing fake paystubs, fabricated IDs and additional altered documentation that can help nonqualified applicants get into an apartment home.
These applicants, naturally, are the most likely to default. That…
Rental Housing Insurance Costs Skyrocket
September, 2023 | Updated September, 2023
Insurance costs are rising for multifamily owner-operators, seen across the country but notably in markets with potentially extreme weather conditions such as earthquakes, fires, floods and hurricanes. Some insurance companies are exiting the areas entirely while others have pressured the rental…
CDC Eviction Moratorium Lawsuit Update
September, 2023 | Updated September, 2023
On September 7, 2023, Darby Development Company, Inc. v. United States was argued before the U.S. Court of Appeals for the Federal Circuit. A three-judge panel was assigned to the case: Judges Kara Stoll, Tim Dyk and Sharon Prost. The appeal is not a new trial; it is focused instead on the…
RangeWater Real Estate Reaches 100,000 Units
September, 2023 | Updated September, 2023
RangeWater Real Estate is now with 100,000 units under management throughout the Southwest and Southeast. This includes multifamily units and build-to-rent (BTR) homes. RangeWater has more than doubled its management portfolio size since 2020—this includes more than 39,000 apartments last year.
“…
Institutional Property Advisors Report Shows Construction Declines
September, 2023 | Updated September, 2023
A new report from Institutional Property Advisors—Pullback in Multifamily Construction Starts— shows a second-quarter slowdown in building activity. According to the report, the downturn was expected with harder-to-find capital from banks of all sizes.
“As access to development capital across the…
Blue Roc Premier Grows Management Portfolio
September, 2023 | Updated September, 2023
Lakeland, Fla.-based Blue Roc Premier Properties is growing its management portfolio with control of three communities totaling 1,020 apartment units. The three communities are in Jacksonville and Safety Harbor, Fla. The Park At Avellino and The Park At Via Veneto (pictured above) are in…
Location, Location, Location: Layering Visualization Over Centralized Data
September, 2023 | Updated September, 2023
Location matters – it’s an amenity, after all. But it’s also an element that impacts different revenue opportunities and drives more strategic decision-making for operators, from asset and revenue managers to leasing teams. More apartment companies are leveraging data visualization to identify key…
Many Paths to Efficiency: How Are Operators Centralizing Services?
September, 2023 | Updated September, 2023
Centralization is loosely defined as an effort to move away from property-based leasing in favor of placing teams in centralized locations where they can oversee many properties. Rather than reconstruct the entire property process, operators generally opt to centralize certain facets, such as the…
Mill Creek Residential Expands with Attainable Housing Brand
September, 2023 | Updated September, 2023
Beckett by Mill Creek is open—the first community from Mill Creek Residential’s attainable housing apartment brand. According to a release, Beckett Cottingham in Houston is the first of three Houston-area Beckett communities planned for the next year before a nationwide rollout.
“[W]ith the…
Student Housing Developers Finding Ideal Locations, Enjoying Record Performance
September, 2023 | Updated September, 2023
Student housing developers have graded well lately when it comes to performance, and many expect that trend to continue, especially in comparison to many other commercial real estate asset classes that are facing numerous headwinds.
According to Yardi Matrix, student housing has maintained a…