May 2006 Table of Contents


Not only did apartment property sales in 2005 rise 70% higher than the record level set in 2004, but it was greater than the previous two years combined, according to the National Multi Housing Council (NMHC). About $86 billion in assets changed hands las Read more

Stop pests with smart strategies

Experts including the specialists at the Environmental Protection Agency have created a set of strategies that can help landlords stop their roach problems for good. Read more

Apartments, condos transform historic buildings in St. Louis

On a sunny spring day here recently, more than 50,000 people packed the brand-new $365 million Busch Stadium, kicking off the baseball season and ushering in a new era for the city’s long-neglected downtown. Read more

More borrowers opt for defeasance

As interest rates and operating expenses rise, more apartment owners are using defeasance of their securitized mortgages to tap trapped equity and refinance before rates get too high. Read more

Ground zero on the delta

Apartment manager Sandy Feraci is living these days in a cramped portable trailer with family members while her house sits heavily damaged by the 2005 storms. Read more

Clark Pinnacle rebuilds military housing

Fort Benning, Ga. – The U.S. Army and Clark Pinnacle broke ground on McGraw Manor, the first of 11 neighborhoods in a $650 million redevelopment in a city known as the “Home of the Infantry. Read more

Making e-payments pay

Apartment Investment and Management Co. (AIMCO) is getting double benefits from adopting electronic payment systems: residents get more options for payment of rent and other fees, and AIMCO’s leasing staff gets to focus on filling properties and pro Read more

AFT Index stocks tumble

Despite a positive assessment on the health of the apartment real estate investment trust sector by Wachovia analyst Steven Swett, the AFT Index dropped 2.08% this month and all but one company ended in the red.  Read more

Something's gotta give

This may be the year of long-expected rental growth as industry analysts have predicted, but economist Stephen Cecchetti believes it could also be a year of stagnating property values. Read more

FHA policy: A real no-brainer

As I write this, the yield on 10-year Treasury securities has risen above 5% for the first time since 2002. Land costs are out of control, and construction costs are still going up. Read more

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