Institutional Property Advisors, a division of Marcus & Millichap, has sold Alta LeftBank, a two-property multifamily asset totaling 589 units in the West 7th Street District of Fort Worth, Texas. The communities are The Lofts at Alta LeftBank,…
Adaptive reuse and apartment conversions rethink, revitalize rental housing industry.Adaptive reuse continues to gain stride following a record year of apartment conversions. More than 20,100 apartment conversions—7,400 offices, 3,400 factories, 2,…
The recent and rapid evolution and adoption of technology in the rental housing industry has created a stunning metamorphosis, bringing great benefit to owners, operators and residents alike.After lagging other industries in its embrace of…
The $1.2 trillion Infrastructure Investment and Jobs Act offers opportunity for existing communities and new apartment development near mass transit.Workers swarm over a construction site in Harrison, N.J., about a block away from a refurbished…
The pandemic has afforded owners and operators the opportunity to rethink their outdoor amenity offerings.
At the Avant at Pembroke Pines in Florida, a resident wakes up on Tuesday, showers, grabs her sunglasses, then takes her laptop and coffee…
Virtual reality and augmented reality are playing increasingly growing roles in training and hiring for leading apartment companies.
As a clearer understanding of virtual reality (VR) and augmented reality (AR) comes into focus for consumers this…
Pets in apartments have become increasingly widespread in rental housing, and while this skyrocketing trend has many benefits, it also presents an unpleasant challenge.Of all the modern amenities and features offered at apartment communities, pet…
A permanent four-day workweek– or even better, a three-day weekend – is something most workers can only dream about.
Given today’s somewhat impossible labor market challenges, especially in the apartment industry, where leasing staff and property…
1. Soaring rent growth.
The last quarter of 2021 recorded 9.9% year-over-year rent growth for the U.S. The states that recorded the highest annual rent growth were primarily Sun Belt states including Florida, Arizona, Nevada, Georgia and Utah.…
As the Great Resignation continues, companies are driven to review salary and compensation packages for professionals in the rental housing industry. CEL & Associates, Inc. breaks down the median base salary, 75th percentile base salary and…