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.
Carl Seville / MULTIFAMILY EXECUTIVE / August 30, 2013
Multifamily professionals have an excellent opportunity to learn how to incorporate green building principles in their projects at the 2013 GreenBuild Expo November 20-22.
A key feature of this year’s conference is the two-day Affordable Housing Summit. The affordable housing industry has been at the vanguard of the green movement for many years, way ahead of its market-rate brethren. But as more sectors of the multifamily industry seek certification, developers and contractors can learn from the experiences of other professionals in this series of eight targeted seminars.
Lindsay Machak / MULTIFAMILY EXECUTIVE / August 23, 2013
Two of the nation’s largest states have seen the largest rent growth over the last year.
San Francisco tops the list of the 50 largest metropolitan areas with rent growth at 7.8 percent in the first half of 2013, while its neighbor across the bay, Oakland, comes in second with 6.9 percent.
San Francisco also posted the nation’s largest rent growth for all of 2012 with 8 percent.
The Las Vegas market fell to theRead More
Alison Rice / MULTIFAMILY EXECUTIVE / August 7, 2013
Case studies from our fourth annual Apartment Renovation Index survey show how multifamily firms are making strategic updates to drive rent growth and attract new markets.
When it comes to value-added renovations, developers face myriad choices: You have only so much money to spend but a million different ways to spend it.
But in many ways, renovations are all about matching the competition—to a point.
“You need to look at the new generation of product and what they are developing and delivering,” says Wes Fuller, executive director of investment at Charleston, S.C.–basedRead More
Randyl Drummer / August 21, 2013
Vacancies, Rental Rates Have Reached A Tipping Point In Most Markets, Complicating Investors’ Search for Great Deals
The tightening competition among apartment investors will yield both winners and losers during this next supply-driven phase in the multifamily market. The winning developers will likely be those that offer products that are new and different, capturing renters who have an expanding menu of housing options and amenities.
“We’re past the point at which simply picking a market that will lead to a successful strategy,” said Luis Mejia, CoStar GroupRead More
Brent Little, president, Fountain Residential Partners / MULTIFAMILY EXECUTIVE / August 20, 2013
1. August Doesn’t Move
The primary difference between conventional multifamily housing and student housing is that August does not move. If you miss your delivery date, or do not lease to pro-forma occupancy by the beginning of the fall semester, you “enjoy” that occupancy for a year. With conventional apartments, you can recoup those leases in the ensuing months with little damage to your returns.
2. Failure to Execute is Fatal
Execution is everything in the student realm. I call it the Apollo 13 method of management; your oxygen is running low and you’re about to burn up on re-entry,