Exuberance about the outlook for the apartment market pervaded the atmosphere at the National Apartment Association this week. The 72nd annual conference and expo, held at the Mandalay Bay, in Vegas boasted its highest attendance in years, up more than 30 percent from the previous year, according to NAA committee members.
"It's about time," said Pinnacle Chief Operations Officer Ed Wolff. "We're so busy. It's great. We need a few good years in the apartment industry."
Highlights of the annual event included an inspiring keynote address by former Sec. of State Condoleeza Rice, who spoke broadly about the state of the U.S. economy at home and abroad and rallied attendees to continue to keep America a compassionate world leader and a source of wealth and greatness for those without means or opportunity. Prior to Rice's address, the NAA presented its Paragon Award for Apartment Community of the Year to 1600 Vine at Hollywood & Vine in Los Angeles, managed by Legacy Partners.
As always, the event served as a launchpad for new product announcements, initiatives, and alliances by major industry service providers. If you missed the three-day expo, here is a sampling of some of the news from the show floor.