The typical pre-leasing process might look a little bit like this:Operations, marketing and development come up with a plan.Construction challenges delay the groundbreaking and grand opening.Everybody forgets about the plan.Suddenly, seemingly out…
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Dayton, Ohio, was struck by a tornado outbreak in late May. The National Weather Service confirmed that 13 tornadoes hit the area. It had a devastating effect on the community with 360 homes, apartments and commercial buildings sustaining heavy…
Today, July 25th, Senior Vice President of Government Affairs, Greg Brown, represented the National Apartment Association (NAA) at a US Department of Housing and Urban Development (HUD) stakeholder gathering, termed a “HUDdle” by the Department.…
New rules cap cash for rehabs, guts underlying asset values.One-third of the apartments that make up New York City’s residential real estate market—valued at more than $2.6 trillion as a whole and worth as much as the gross domestic product of the…
As supply fills up some major cities, secondary and tertiary markets are thriving.As cap rates have fallen in the major metros over the past decade and more money has moved into the apartment sector, investors have begun looking to markets they…
Congress and HUD must act now to improve the Section 8 Housing Choice Voucher Program and maximize its capacity for success.Renters who rely on Section 8 Housing Choice Voucher (HCV) subsidies suffer when process gets in the way of good sense…
Wood Partners has found an immensely successful “pay it forward” strategy by marketing some of its apartment communities at Starbucks’ in-store or drive-thru lines. The campaigns have proven to be uplifting for the employees, prospective residents…
Millennials have been one of the main drivers behind the hot apartment market. But one economist thinks they will eventually move out.Ryan Severino has been following the apartment industry for a long time.He is currently the chief economist at JLL…
If today’s students care more about studying than socializing, housing operators need to build and program their communities to meet that desire.Are the wild Animal House days on America’s college campuses a thing of the past?They probably aren’t…