Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
The NAA Apartmentcast: Mental Health and First Aid Training
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The latest episode of the NAA Apartmentcast is co-hosted by NAA's Senior Manager of Industry Relations Tiana Heath and Kendra Butterfield, Vice President at Elevation Real Estate Management and 2023-2024 Chair of NAA’s Mental Health Subcommittee.
Panelists Stephanie Lloyd, National Account…
Apartment Construction Completion Time Increases
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Apartment community construction completion is taking longer. According to the National Association of Home Builders and data from the Census Bureau, it took 19.9 months to finish a project after obtaining authorization in 2023, up 0.1 months. In 2022, there was an increase of 2.3 months. Meanwhile…
St. Paul Housing Production Declining
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Housing production in St. Paul, Minn., has deteriorated to levels not seen since the recovery of the Great Recession nearly 15 years ago. The Pioneer Press cites data from the U.S. Department of Housing and Urban Development (HUD) that shows building permits are a fraction of what they were a year…
Bridging the Digital Divide
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From optimized leasing and smart home solutions to proptech and self-guided touring, there has long been a missing link to bring it all together—a reliable digital foundation. Community IT infrastructures are not built to support the ever-expanding connectivity and cybersecurity needs of…
Greystar Enters Two New Markets
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Greystar is expanding its Marlowe by Greystar brand. The real estate company announced Marlowe Palomar Heights and Marlowe Naples in September, both new areas of operations. Marlowe Palomar Heights is the first of its brand in California, with move-ins expected this fall.
“Marlowe Palomar Heights…
Loyalty and Rewards are Key to Attract Residents
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Residents are searching for the best experience possible when it comes to living in rental housing. New data from RealPage shows residents want similar consumer experiences in their community offerings. According to the report, 96% of respondents belong to at least one loyalty program, but only 16…
HUD, President Biden Celebrate 50 Years of Assisting Families
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Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman has been traveling the nation with stops in North Carolina and Wisconsin to discuss lowering housing costs, eliminating housing barriers and growing supply. This surrounds the celebration of the 50th anniversary of…
QuadReal Expands in Four Metros
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QuadReal Property Group is 1,400 units larger after acquiring four Class A communities. The company announced the transaction in August and that it would lead the operations, leasing and capital investment in the property—property management will be outsourced.
“Multifamily residential is an area…
Budget Impacts on High-Rise Operations
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FirstService Residential is taking a deeper dive into high-rise operations. Its inaugural BENCHMARK reviews insights regarding amenities, insurance, maintenance and staffing and how these areas impact rental housing. There were two major trends found: New legislation following the collapse of a…
Lack of Tech a Dealbreaker for Some Residents
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Nearly three-fourths of residents somewhat or strongly agree that advanced technology can sway their decision-making when it comes time for choosing their next rental unit. According to a new resident experience survey from Capterra, 48% of residents also reported not having access to tech at their…