Earthworks President Chris Lee says apartment managers should take a wait-and-see approach to the initial damage to lawns, shrubs and flowering plants caused by the storms. Chances are, the damage won’t be that bad, even if plants have begun to bud…
How one apartment developer is preparing for tariffs.Chicago-based Evergreen Real Estate Group – which owns, manages and develops affordable multifamily and senior housing communities in nine states – is anticipating the tariffs proposed recently by…
One early morning in January, a homeless veteran awoke on the freezing streets of Dallas, breath visible and hands rubbing together in search of frictional heat.He needed housing, and an apartment was open to him with owners more than happy to…
A study says that too many social amenities could be a drag on a community’s sales price. But it’s not a good idea to give up those offerings altogether.Conventional wisdom says adding more social amenities, such as party rooms and rooftop lounges,…
Fifty years ago this April, in the aftermath of the assassination of Dr. Martin Luther King, Congress passed the Fair Housing Act of 1968. In that landmark legislation (FHA), the nation took a major step forward in realizing King’s dream of erasing…
As the demographic composition of the country changes, you may need to rethink who your future residents will be.If you have spent the past decade working toward attracting Millennials to live in your apartments, it might be time for a change,…
As leasing season gets underway, apartment firms are looking for new ways to reach prospects.The difficulty of leasing for new construction is not a new challenge for seasoned apartment professionals. Fortunately, unlike the old days, technology can…
Multifamily owners and managers increasingly rely on EPA’s portfolio manager tool to benchmark building energy performance and top scoring properties (75 or more) earn the valued ENERGY STAR designation.EPA recently announced changes will be made to…
For some companies, ILS and Craigslist still offer the best way to get in front of prospects.As the calendar turns to spring, leasing season usually begins heating up. But in some parts of the country, things are starting to thaw sooner.While geo-…
Communities with better scores often enjoy lower turnover rates, higher renewal increases and higher average rental income increases.Since the dawn of digital, the user review has become increasingly important as the new word-of-mouth marketing and…