November 2014 Table of Contents

Editor's Letter
Multifamily Mystery Shopping Part 2: The Flood Multifamily Mystery Shopping Part 2: The Flood

A lesson in what not to do when dealing with renters during a natural disaster. Read more

Corner Office
Spotty Cell Phone Coverage Can Hurt Renewals, New Leases technology Spotty Cell Phone Coverage Can Hurt Renewals, New Leases

NMHC technology vice president Rick Haughey explains what owner–operators can do to ensure their residents enjoy reliable cell service in their apartments. Read more

Check In
Silo Transformed Into High-Rise Apartments Adaptive Reuse Silo Transformed Into High-Rise Apartments

From storing grain to housing people, the adaptive-reuse of a silo epitomizes a Copenhagen neighborhood’s post-industrial future. Read more

Living in History: Baltimore Brewing Building Restored Living in History: Baltimore Brewing Building Restored

The Gunther, which was completed in early 2014 and is almost fully leased, is part of the Brewers Hill revitalization plan. Many buildings in the area have been restored to become offices and housing which surround a new mega-retail center. Read more

Walker & Dunlop Acquires Johnson Capital Walker & Dunlop Acquires Johnson Capital

Walker & Dunlop announced that it had bought the loan origination and servicing platform from Johnson Capital Read more

Top 10 Rent Growth Markets of the Third Quarter

As the demand for rental housing continues to drive the construction market, occupancy hit a record of 95.1 percent in the third quarter, the highest it has been since 2001. Rent growth also posed strong numbers in the third quarter as annualized rent growth was recorded at 4 percent, according to Dallas-based Axiometrics. Read more

Toll Brothers Push Further Into Apartments Toll Brothers Push Further Into Apartments

Single-family builder Toll Brothers keeps its eyes on the apartment market with more than 4,000 units in some stage of development. Read more

Data Breach at Essex Property Trust

Essex Property Trust, Inc. reported a cyber-intrusion in its computer networks holding personal and proprietary information. Read more

From Distress to Dressed: Georgia Property Gets Major Makeover From Distress to Dressed: Georgia Property Gets Major Makeover

When Cortland Partners acquired Park 83, a foreclosed property, in Roswell, Ga. as part of a joint venture with Harbert Management Corp. two years ago, the property was screaming for a makeover. Read more

Bell, DRA sell 20,000 Units in $1.8 Billion Deal

The Dallas-based private equity firm, Lone Star Funds, purchased the massive portfolio in a transaction that was estimated to cost about $1.8 billion. New York-based DRA Advisors and Greensboro, N.C.-based Bell Partners announced the sale on Thursday in a news release. Read more

Focus
Urban Low-Rise a Hit With Wisconsin Millennials new developments Urban Low-Rise a Hit With Wisconsin Millennials

Despite charging the highest rents per square foot in downtown Madison, Seven27, developed by Urban Land Interests, leased up completely in six months. Read more

Renting “Preferred” Theory a Fallacy collaborate Renting “Preferred” Theory a Fallacy

What's driving the current boom in apartment demand? It's not that recession-weary Americans prefer renting to homeownership, explains economist Ryan Severino. Read more

CEOs Optimistic About Upturn Momentum CEOs Optimistic About Upturn Momentum

Five of the industry's top CEOs give their perspective on "What inning are we in?" Read more

The Art and Science of Marketing Apartments to Millennials Gen Y The Art and Science of Marketing Apartments to Millennials

Apartment-marketing veteran Michael Taus details 10 ways to grab the attention of this critical demographic. Read more

Inspire
Post-Archstone: The Next Chapter Post-Archstone: The Next Chapter

After an abrupt company end, former Archstone executives chart new paths Read more

Finance: powered by APARTMENT FINANCE TODAY
Experts: Financing Will Be Ample Next Year 2015 Market Outlook Experts: Financing Will Be Ample Next Year

Multifamily executives are bullish about the future, with the apartment industry awash in cash at the midpoint of an expanding cycle. Read more

Life Companies Get Creative in Battle With GSEs

Life insurance companies are winning deals over government-sponsored enterprises with creative underwriting practices. Read more

Apartments Risk Excessive Tax Assessments in Overbuilt Markets Apartments Risk Excessive Tax Assessments in Overbuilt Markets

Owner–operators must explain to property assessors the many factors to consider in determining the true value of a new development. Read more

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