Year-over-year (YoY) rent growth in the U.S. is negative for the first time since the beginning of the pandemic. The August 2023 Apartment List National Rent Report shows rent growth is down 0.7% YoY despite the month-to-month increase of 0.3%…
The NRP Group is expanding operations westward. The multifamily developer, builder and manager also announced new hires to oversee developments in Phoenix and Las Vegas.
“Our leadership spends a great deal of time considering expansion strategies…
Smart doorbells are becoming ubiquitous throughout society, including in multifamily housing communities. Residents and property owners alike are now using smart and internet-connected doorbells to enhance security, increase visibility and add a…
Like many industries, rental housing is struggling to find, train and retain maintenance team members. Proactive organizations are tapping into a diminishing supply of skilled workers through training, apprenticeships, outreach programs and outside-…
The RMR Group is acquiring MPC Partnership Holdings, doing business as CARROLL, in an all-cash transaction. The deal is expected to close in fall 2023.
CARROLL was founded in 2004 and has over 28,000 units under management across 81 properties…
There is no shortage of buzzwords being tossed around the multifamily housing industry, and one of the newest, “centralization,” has rapidly gained traction.
However, while the concept is extremely popular, the definition of the word…
External Affairs Update
The Housing Affordability Program (HAP) was showcased to the National Apartment Association's affiliate partners at the Rental Housing Advocacy and Legal Summit (RHALS) 2023 with a session highlighting the ease and…
On September 29, 2023, the National Apartment Association (NAA) will hold its inaugural Rental Housing Policy Summit at the National Press Club, bringing together housing thought leaders in the public and private sectors to discuss responsible and…
In many downtown areas near job centers, the supply of luxury apartment communities has hit its peak. However, developers still have financially rewarding opportunities to turn Class B properties into B+ apartment communities, improving the…
Overview
In September 2022, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule to implement beneficial ownership information (BOI) reporting standards.
These new standards are framed as providing…