News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Christine A. DeJoy
Managing Editor, multifamily executive
WASHINGTON, D.C. (Sept. 24, 2013) — multifamily executive, the leading media brand in the multifamily housing industry, unveiled the winners of its annual multifamily executive Awards at a special ceremony earlier this month, in Las Vegas.
Longtime industry veteran Julie Smith, president of Greenbelt, Md.–based Bozzuto Management Co., was named the 2013 Executive of the Year. Smith was one of two individuals honored among more than 25 awards presented at the event, which recognizes exceptionalRead More
Lindsay Machak / MULTIFAMILY EXECUTIVE / September 19, 2013
A 100-unit property can bring in more than a million dollars in additional revenue with just a few tweaks, according to some multifamily management pros.
During a panel session at the MFE Conference in Las Vegas on Sept. 10, a team of five experts discussed strategies of how to boost the bottom line of a 100-unit community with seven strategies.
Determining if you’re charging an accurate amount for rent and then raising the rents to meet your value was one of the first places the experts sought to increase money. It’s also where a 100-unit property might gain more than $400,000.
Using revenueRead More
Robert Dietz / NAHB / September 16, 2013
Absorption rates for new rental and for-sale multifamily units continued to improve at the start of 2013, consistent with the positive trends that been in place since the end of the Great Recession.
According to data from the Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments were up strongly in the first quarter of 2013 compared to the same quarter a year prior. The reported 24,400 completions in buildings with 5+ units was 53% higher than the 15,900 completions recorded in the first quarter of 2012.
Charlotte O'Malley / MULTIFAMILY EXECUTIVE / September 11, 2013
During the #MFEC exclusive presentation on MFE’s Concept Community, we discussed lessons learned while covering the student housing beat with our industry partners American Campus Communities, Fountain Residential, Humphreys & Partners, KTGY, and J Turner Research. The culmination of all our research and survey data was seen in two virtual communities unveiled during the session, which paint a full picture of the ideal student housing community that Gen Y longs for.
The first “concept community” presented during the session was designed by KTGY, the same architectureRead More
As Housing Rebound Helps More Retirees Sell Homes, Investors Prep for Increased Demand for Senior Housing
Mark Heschmeyer / CoStar / September 11, 2013
Relatively Affordable Senior Unit Prices Attracting Buyers, REITs Allocating More Funds for Property Acquisitions
Senior housing investment sales, which have been slowly creeping up this year, could see a big boost in activity in the near future. Investors in the sector see senior living assets continuing to benefit from the ongoing recovery in housing, which is making it easier for older owners to sell their homes in anticipation of moving to a senior housing facility.
Seeing this trend, several major public REITs are beginning to sell some of the their commercial assets, which are gettingRead More