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Multifamily is still crazy for green building, energy efficiency, and sustainability projects and retrofits, even if uncertainty remains on how to recoup cost savings that are delivered directly to residents via utility billing.
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Multifamily operators and property managers are getting serious about who they hire and how they retain talent, particularly at the property level where most job funtions are viewed as critical to leasing and resulting revenue and net operating income (NOI).
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After several years of minimal investment in cap-ex spending and property renovations, multifamily apartment operators and property managers are beginning en masse to pull the trigger on property improvements, with major value-add investments likely to also increase significantly in 2012 and 2013.
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Social media, search engine optimization (SEO), and branded marketing continue to converge in the apartment industry as marketers attempt to streamline channeled advertising and minimize marketing spend while improving leasing traffic, prospect lead, and closure volumes and ratios.
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Mack Cos. CEO James McClelland stopped by Multifamily Executive this week to share his thoughts on shadow market rentals and single-family property management, which might not be as different from traditional apartment operations as you might think.
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MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: libation liability, eco-pest control, and an attack of the multifamily money launderers.
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According to a geographic exposure study recently conducted by Charlottesville, Va.-based SNL Financial, since 2007, Archstone has decreased its overall asset exposure in Virginia and California, while increasing its asset bulk in Georgia, Florida, and Texas.
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Apartment Operators Ready to Push Rents Hard and Fast as significant supply demand balances exist in the market and histicorical highs have yet to be breached.
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Multifamily Operators Who Fail to Continue Green, IT investments will likely lose out on Gen Y Renters
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Despite much to offer in cyclical economic hedges, affordable housing is seeing a lack of interest from instituional capital providors in the multifamily real esate sector.