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Multifamily Trends

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Insurance

  • Owners in the New Economy: Grappling with Insurance Costs

    Experts like Wadsworth say many multifamily firms—particularly those without risk management units—are not likely to fair as well with renewals this year as property and liability insurance costs continue to increase due to the overall weak economy.

     

  • New Report Calls for Bold Action to Protect the Country’s Coastlines

    On the heels of the 2009 hurricane season, a coalition of insurers, public officials, risk experts, builders, and conservation groups have released a blueprint of policy changes and common sense actions likely to reduce hurricane-related economic losses along U.S. coastlines by as much as half.

     
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    Multifamily Insurance Costs Drop... For Now

    Insurance premiums fall at multifamily properties, according to NMHC survey.

     

  • Protect and Serve: Need For Renter's Insurance Up

    While still in the minority, the number of renters who currently carry renter's insurance may surprise you. According to “What Renters Want”—an online survey of 1,500 active renters across the country conducted by Apartments.com—42.5 percent of apartment residents have a policy in hand. Additionally, of the renters surveyed, only 18.8 percent expressed an inclination to not rent at a property that requires renter's insurance.

     
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Earnings Reports

  • Banks report small profit but 'problem' list jumps

    WASHINGTON - The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry eked out a small profit, the government said Tuesday.

     

  • Ranking of REITs' Third-Quarter Results Shows Surprises

    Funds from operations (FFO), moreso than occupancy levels or net operating income (NOI), is the generally accepted measure of operating performance for real estate investment trusts. And in the third quarter of 2009, with unemployment mounting, apartment REITs saw their FFO take a hit. Here is a ranking of the REITs with the highest FFO for the third quarter.

     

  • Analysts Sense Changes in Upcoming REIT Earnings Reports

    Earlier this week, UDR was the first REIT to declare its third-quarter earnings. The numbers surprised some analysts. Fundamentals are weakening, but the firm still held occupancies above 95 percent in all four regions. Its revenue came in line with forecasts from Robert W. Baird & Co., a Milwaukee-based wealth management, capital markets, asset management, and private equity firm, but its operating line was better than some analysts expected thanks to some cost savings.

     

  • REIT Week: Second-Quarter Flurry Starts

    After Birmingham, Ala., Colonial Properties Trust opened things up last week, Alexandria, Va.-based AvalonBay Communities and Chicago-based Equity Residential issued releases last night that detailed their second-quarter losses.

     
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Economics

  • Zandi: Recession Will End This Year

    Moody’s economist also says housing will not be ‘an early source of growth’ in this recovery.

     

  • Andres Carbacho-Burgos, Economist, Moody's Economy.com

    What will employment look like in 2009? How will the downturn affect the apartment market? Our interview covers this and other economic issues.

     
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    Going With the Flow

    Sometimes too much of a good thing can be, well, too much. "This is as difficult an investment climate as I've ever seen," says David Schwartz, managing member of real estate investment firm Waterton Associates in Chicago.

     

  • Total Exposure

    High home prices in hot markets like Southern California and Washington, D.C., are destroying the dreams of many wannabe homebuyers. But some apartment owners are reveling in these sky-high price tags, which help fuel business for the rental market.

     
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Land Acquisition

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    Fueled by Growth

    Alliance Residential Co. isn't in the property management business to make money. The company's president, Bruce Ward, a self-described developer at heart, is adamant about that. That's right: The former fee-management arm of Trammell Crow Residential West—which found a three-year home at San Francisco-based REIT BRE before heading back into the private sector under the Alliance moniker in 2000—doesn't think of property management as much of a profit center.

     
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    Las Vegas: Roll the Dice

    Dirt, dirt everywhere, but not a piece of land for a multifamily project. For Las Vegas, this is a major factor affecting the multifamily market, and the effects have multifamily developers frustrated, multifamily owners thrilled, and investors ready to act as soon as opportunities become available.

     

  • Tight Squeeze

    Adding a building to a college campus is never easy. Between the limited space on-campus and the usual town-gown challenges, colleges and universities must be both creative and persistent if they want to expand.

     
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    Urban Issues

    From street corners to skylines, American cities have changed a great deal in recent years. So has the image of these formerly downtrodden downtowns. Today, everyone from the echo boomers to their retiring parents wants a pied-a-terre in the city, and they're willing to pay for the privilege. But the popularity of urban living hasn't made downtown development any easier. As you'll read in this edition of Conference Call, multifamily developers must confront the growing pressure for affordable housing at the same time as they deal with community resistance and rising land prices.

     
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