May 2010 Table of Contents

Survey Says: More Multifamily Firms Outsource IT

SPENDING ON OUTSOURCING nearly doubled last year, comprising 23.6 percent of apartment IT budgets, compared to only 12.6 percent in 2008, according to a recent report from the Washington, D.C.-based National Multi Housing Council (NMHC). Read more

Waiting on Gen Y Waiting on Gen Y

THINGS ARE LOOKING UP. Despite today’s large excess inventory of apartments, the upcoming wave of Gen Y renters, coupled with the dearth of new construction in recent years, is expected to shift the balance over the next few years enough to get effective Read more

REITs Begin to Break Ground

PUBLIC REITS ARE POISED to break ground on as much as $1 billion in new development this year in another sign of industry confidence that fundamentals are improving. Read more

MBA Ranks Top Lenders of 2009

Wells Fargo, PNC Real Estate, and Deutsche Bank were the top three multifamily lenders in 2009, according to the New York-based Mortgage Bankers Association’s annual rankings. Read more

Special Ops Units to the Rescue

DAVID LYND DOESN’T THINK multidisciplinary, stand-out industry performers are necessarily new to multifamily—and definitely not new to The Lynd Co. Read more

Race Against Time Race Against Time

IN 2000, SHEA PROPERTIES put 10-year debt under the Elan at River Oaks , a 941-unit residential building with 23,000 square feet of commercial space in San Jose, Calif., that the company had built in 1991. Read more

Gateway City Opens Up Gateway City Opens Up

THE ST. LOUIS ECONOMY has begun to see the light at the end of the recession’s tunnel. Read more

Walking The Green Line Walking The Green Line

MAJOR APARTMENT REAL ESTATE investment trusts (REITs) open up their balance sheet for public scrutiny every three months, offering enough Sarbanes- Oxley mandated granularity into operations, income, and expenses to make the private guy (and even some of Read more

Jumping Back In Jumping Back In

FANNIE MAE AND FREDDIE MAC are no longer the only games in town. Read more

Defensive Stance Defensive Stance

MEET THE NEW MEZZ, not the same as the old mezz. Read more

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