The apartment industry reached record highs in both deal volume and pricing in 2019, according to Real Capital Analytics. But things would have been even better in the fourth quarter if the New York transaction market had not collapsed."New rent…
Milos Kozomora • Vice President of Asset Management • 29th Street Capital • Chicago
Milos Kozomora has joined 29th Street Capital as the Vice President of Asset Management. Kozomora will oversee the firm's…
Apartment operators have focused for years on implementing technologies that optimize the resident experience. Solutions such as online portals and mobile apps that allow users to conveniently pay their rent, make service requests and…
1. Refreshing WaterOffering refreshments doesn't have to be expensive, but details do matter. Encourage your prospective residents and residents to up their daily fluid intake with fresh water. Purchase a water dispenser to place in your leasing…
1. Mission-inspired programsGiving people a purpose and the opportunity to serve others helps build stronger communities and brands. Mission-inspired programs give back to the surrounding community by creating opportunities for residents to…
Offering programming and lifestyle experience options beyond the hardscaping of outdoor amenities is becoming key to attracting and retaining residents.According to the U.S. Department of Education, 3.56 million high school graduates will head off…
The best way to keep star employees is with a career path.Long before Diane Batayeh became CEO of Village Green, she had a brief career in the food service industry as she was working her way through college. When Batayeh discovered food service…
Debt expands, while equity consolidates.The apartment industry isn't hurting for cash."There is a tremendous amount of liquidity [available for apartments], and banks are a big part of that," said Ralph Pace, Executive Vice President and Northwest…
The HUD Secretary detailed steps to cut red tape and stimulate production.Since he became United States Secretary of Housing and Urban Development (HUD), one of Dr. Ben Carson's top priorities has been to reduce the barriers developers and builders…
Tension between the maintenance shop and office staff is nothing new in the apartment industry. Everyone knows it exists, and stressful lease-ups and new building systems can compound the problem. The question is how to bridge the gap between the…