January 2008 Table of Contents

Globe Trekkers: US Firms Expand Overseas Globe Trekkers: US Firms Expand Overseas

Condos for Czech Republic workers. Luxury high-rises in Brazil. Former government-owned rentals in Germany. Massive new multifamily complexes in China. These are the surprising new targets of many U.S. multifamily firms. “Global real estate is a growth market,” says Gleb Nechayev, senior economist of the Boston-based research firm Torto Wheaton, a subsidiary of CB Richard Ellis. “In many areas, particularly emerging countries like India and China, local investors have little background in professionally-run apartment operations.” Read more

Mission Residential Mission Residential

Q&A with Chris Finlay, Managing Principal, Mission Residential Read more

Southeast Capital Partners Southeast Capital Partners

Q&A with Jay Clark, Principal Southeast Capital Partners Read more

Leon N. Weiner & Assoc. Leon N. Weiner & Assoc.

Q&A With Kevin Kelly, Co-Managing Partner, Leon N. Weiner & Assoc. Read more

Boston Residential Group Boston Residential Group

Q&A With Curtis Kemeny, President and CEO, Boston Residential Group Read more

Sherman Associates Sherman Associates

Q&A With George Sherman, President, Sherman Associates Read more

RMK Management Corp. RMK Management Corp.

Q&A With Anthony Rossi, President, RMK Management Corp. Read more

TDK Construction TDK Construction

Q&A With Tim Keach, President, TDK Construction Read more

Martin Fein Interests Martin Fein Interests

Q&A With Martin Fein, President, Martin Fein Interests Read more

The Core Cos. The Core Cos.

Q&A With David Neale, President, The CORE Cos. Read more

BRE Properties BRE Properties

Q&A With Constance Moore, President and CEO, BRE Properties Read more

On The Map: 10 Hot Regional Companies

MULTIFAMILY EXECUTIVE highlights 10 regional superstars and shows why these firms are among the best in their class. Read more

Keep Your Promises: Setting 2008 Goals Keep Your Promises: Setting 2008 Goals

The skeptic in me does not find value in making New Year's resolutions?they're simply never kept. Every time I hear the promos for those 11 o'clock news segments describing the most popular resolutions (lose 15 pounds) or the strangest (spend the next year in silence), I take a deep sigh and change the channel. Read more

Chasing Destiny: Demographics Affect Rental Demand

Is demographics really destiny? Absolutely ... in the apartment industry, at least. It's no secret that demographic trends are a key factor in shaping rental dynamics. Read more

Stat To Watch In The Race: 3rd Quarter Revenue, Completions Rise

The apartment market staged another strong performance during the third quarter, according to Marcus & Millichap's quarterly “Performance Monitor.” The weak housing market drove resident demand for apartments, off setting the largest quarterly delivery of new units in three years and resulting in declining vacancy for the third consecutive quarter. Read more

Executive Feedback: January Executive Feedback: January

Q&A with Tal A. Savariego, Tom Bozzuto, Jack McCabe, and Cyndy Salgado Read more

Burned Out: Housing Unaffected By California Fires

Despite burning an estimated 2,100 homes off of the inventory overhang, the wildfires that torched six Southern California counties this past fall will have slight impact on market conditions there for either sellers or renters of residential properties, experts say. Read more

Imagination at Work: GE Real Estate Goes Green

Think one company can't make a difference? GE Real Estate begs to differ. In November, the Norwalk, Conn.-based firm launched a major initiative to green its entire apartment and commercial property portfolio. Read more

News Bites: January

Monthly News & Feedback Read more

Don't Ask, Don't Tell: Immigrants and Apartments Don't Ask, Don't Tell: Immigrants and Apartments

The Golden State is kicking off the new year with a bang. A new law, effective Jan. 1, prohibits cities and counties from enacting ordinances that require landlords to check the immigration or citizenship status of their residents, and likewise bans landlords from asking their residents' status. The ban is the first—and only—in the country to preclude anti-immigrant ordinances at the local level. Read more

Life Is Good: Raleigh Multifamily Market Raleigh, N.C. Life Is Good: Raleigh Multifamily Market

There's an old saying that people often don't know what they have until it's gone. Yet in Raleigh, N.C.'s multifamily market, owners and investors not only seem to know that life is good, they're setting their sights on more of the same. Read more

Space-Age Chic: Republic Tower Space-Age Chic: Republic Tower

It was 1954, and Futurism was all the rage. Automobile designers rolled out streamlined cars with swooping tailfins and gleaming chrome; fashion designers paired astronaut-chic miniskirts with goggles; and famed architect Wallace K. Harrison designed the shimmering, aluminum-clad Republic Tower in downtown Dallas. Read more

Channel Surfing: IPTV Invades Apartments

At four communities managed by Milestone Management, a Dallas-based third-party manager, it was time for a change. TV programming at the 20-plus-year-old properties had been piped in by the regional cable provider for years, but residents were beginning to seek out more options. For Milestone's executives, one sign that told them they needed to examine alternate programming were the myriad pan-sized satellite TV dishes that began popping up on balconies and windowsills at the communities. “We knew right then that our residents wanted something different,” says Steve Lamberti, president at Milestone, which oversees 27,594 units throughout the South. “If you don't give it to them, they'll go to someone else.” Read more

Product Picks From the Editors of ebuild Product Picks From the Editors of ebuild

Hands-free faucet, electronic snow- and ice-removal system, and natural paints and finishes. Read more

Encouraging Exercise: Fitness Equipment Encouraging Exercise: Fitness Equipment

Fitness equipment designers and manufacturers are focusing their efforts on both groups and creating fitness equipment that maximizes users' efforts and minimizes confusion, while making exercise fun, entertaining, and engaging. Read more

Public Multifamily Firm Seeks Bankruptcy Protection

A prominent multifamily builder in the Northeast has followed in the footsteps of Read more

CBRE Reports 2008 Multifamily Sales Volumes May Dip to 2004 Levels

Multifamily sales volumes in 2008 will probably be around $35 billion, barely a third of the record highs of $90 billion reached in 2007. Read more

USGBC Revamps the LEED Rating System for 2009

The U.S. Green Building Council has unveiled LEED 2009, an updated rating system for commercial buildings, which resets the bar for green building performance. Read more

New Data Indicates Economic Benefits of Infrastructure Stimulus Investments

For every billion dollars invested in new infrastructure products, personal earnings would increase by $1.1 billion, and national GDP would increase by $3.4 billion, according to national and state-by-state data released by the Arlington, Va.-based Associated General Contractors of America (AGC). Read more

Analysts Unfazed By Colonial's Decision to Bring Back Past Chief

Faced with a greater debt burden than its apartment REIT peers, Colonial Properties Trust, a Birmingham, Ala.-based REIT with 36,481 apartment units, announced major executive management changes this week that will bring the return of a familiar face to the CEO seat. Read more

At Year's End, REITs Prepared for 2009

As 2008 came to a close, a number of multifamily REITs made moves to fortify their balance sheets and portfolios for what promises to be a tumultuous 2009. Read more

JPI Continues to Divest, Sells Management Division to Greystar

Greystar Real Estate Partners has nabbed a spot as one of the country's largest property management firms after announcing this week that it has acquired the management division of Irving, Texas-based JPI. Read more

Gotham Organization Gotham Organization

The following is a web-exclusive interview with Gotham Organization president David Picket, part of MULTIFAMILY EXECUTIVE's broader coverage of best-in-class regional firms.  Read more

Go East

Just as the manufacturing world has beaten a path to Asia-Pacific, multifamily developers also see that region as a land of great potential. Read more

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