Apartment communities have several options when residents don’t operate their air-conditioners. It might seem hard to believe, but some apartment managers find that residents will not turn on their airconditioning systems even during the hottest…
To prevent a slowdown in apartment construction, the Federal Housing Finance Agency (FHFA) will lift the $30 billion annual cap on multifamily-housing residential loans that Fannie Mae and Freddie Mac can offer. The government-controlled companies…
Utility cost-conscious apartment owners are focused more than ever on conservation. Reducing water use typically appears near the top of their dashboard and many are finding ways to cut use through smart irrigation. Prometheus Real Estate Group…
The Station House in Maplewood, N.J., became the first community to qualify for Fannie Mae’s Multifamily Green Building Certification Pricing Break during an April acquisition by Prudential Real Estate Investors (PREI). Fannie Mae instituted the…
End Points 1. Pre-Leasing is Key. The most important phase of a new-construction community lease-up is the pre-leasing. The benefit to the resident is first pick of the units—and often a better price. The benefit to the developer is…
The NAA Government Affairs Department is now taking the lead on Copyright and Music Licensing, Employee Criminal Background Checks and Emotional Support Animals (such as companion animals). This is the first time that NAA has gained…
NAA/NMHC and NAA affiliated associations have generated major news media coverage about apartments’ economic impact from coast to coast. More than 100 newspapers, magazines, television stations and online media have covered the story since…
Your old road is rapidly agin’... the times they are a-changin’.” Bob Dylan’s 1960s song talks about changes that have occurred, more on the horizon and how people must prepare or be swept aside. This song captures how I felt when reviewing the…
Networking, cost-saving ideas and dealing with regulatory burdens are among the primary reasons why national and regional apartment owners and managers commit fully to membership at their local apartment associations and NAA.…