Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Equity Group Investments Chairman Sam Zell Passes Away
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Equity Group Investments Chairman Sam Zell has passed away at the age of 81. Zell was also Chairman of Equity LifeStyle Properties, Equity Residential and Equity Commonwealth. “Sam’s insatiable intellectual curiosity and passion for deal making created some of the most dynamic companies in…
NAHB Revamps Multifamily Index
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The National Association of Home Builders (NAHB) announced a new-look Multifamily Market Survey (MMS) for the first quarter of 2023. The Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI) are the two indices produced from the MMS.The MPI, which measures builder and…
NAA Releases Fourth Episode of The Apartmentcast
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Learn everything you've ever wanted to know about Apartmentalize in the latest episode of The NAA Apartmentcast. Hear from Clark Ebbert, NAA's Director of Conference Education Programming, to learn about the educational tracks available at Apartmentalize in Atlanta from June 7-9.Among the…
7 Spring Community Event Ideas That Engage Residents
By Ashley Tyndall | | Updated
Resident experience is the hot topic in the multifamily housing industry these days, and for good reason: When you’re able to achieve a positive resident experience, you’re also able to achieve more renewals and new leases. Importantly, a huge part of creating a positive resident experience is…
SCOTUS Petitioned to Hear New York Rent Stabilization Law
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New York real estate groups are petitioning the U.S. Supreme Court after a series of lower court decisions based on the complaint that owners are losing their ability to run their businesses. According to The Real Deal, the groups filed a petition earlier this month after the first lawsuit was…
Super Commuters Decline in Remote-Work World
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The number of people who travel 90 minutes or more each way to work is decreasing in the U.S. New analysis of super commuters from Apartment List shows 2% of the workforce—3.1 million people as of 2021—travels at least an hour and a half each way.There was a large increase from 3.2 million in 2010…
Senate Banking Committee Considering Proposals to Address Housing Challenges
By Maria Spencer | | Updated
On April 26, 2023, the U.S. Senate Banking Committee held a hearing entitled “Building Consensus to Address Housing Challenges,” providing an opportunity for the rental housing industry to collaborate with lawmakers to address key housing issues.
Chairman Sherrod Brown (D-Ohio) and Ranking Member…
How Much Space is $1,500?
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Wichita, Kan., gives renters the most bang for their buck. According to new research from RentCafe, residents can have 1,463 square feet for $1,500. That’s almost twice as much as the national average of 782 square feet.The study reviewed 200 U.S. cities and found that many of the locations where…
Joint Venture Preserves 10,000 Affordable Apartment Homes
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More than 10,000 affordable apartments are being preserved thanks to a $1.2 billion acquisition. The Community Development Trust (CDT) along with The Michaels Organization and Goldman Sachs Urban Investment Group acquired 90 affordable housing communities. CDT now has more than 22,000 units under…
Starwood Capital Group Joins Airbnb-Friendly Apartments
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Airbnb and Starwood Capital Group are partnering to provide residents the ability to use the short-term rental platform. Airbnb has 250 buildings it is partnering with, according to Bloomberg. Airbnb-friendly apartments are in 38 cities.According to Bloomberg, Starwood joins other partners such as…