Charlie Brindell, who has replaced industry legend Ron Terwilliger as CEO of Trammell Crow Residential, has big plans for the development firm.
Multifamily managers are gearing up to swoop in and save distressed assets as an increasing number of overleveraged owners realize they simply can’t hang on any longer. Here’s what you need to know to
-
The past decade has seen a number of apartment industry chieftains who have emerged to leave their mark on the multifamily sector. Here are 10 that wielded the greatest influence.
-
New York-based Reis says that apartment vacancies have hit record highs and will move higher. Conversely, RealFacts, a Novato, Calif.-based apartment data provider, saw occupancies rise in 29 of the 33 MSAs it covered in its third-quarter report. Neither of the conflicting reports, however, indicates when rents will stop their downward slide.
-
The Utah-based builder’s reorganization plan would turn over the company’s assets and management to creditors whose claims exceed $940 million.
Young professionals keep this North Carolina city's multifamily community looking ahead.
After months of struggling to fill units, apartment firms are finally starting to see a slow-but-steady uptick in occupancies.
-
MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week’s quirkifications: furballs, floaters, and $6,300 rent cuts.
Greenwich, Conn., gets hammered by job losses but short- and long-term demographics bode well for the city's apartment market.
-
For months, apartment marketers dare not even use the word luxury to attract rent prospects that were entirely price-driven, counting every cent and cross-shopping every concession. But recent community lease-ups seem to indicate that amenities are becoming front-of-mind to rental prospects again, who, although still extremely cost-conscious, are seemingly open to a larger sales efforts incorporating the full lease value of products and services made available at apartment communities.
Price-to-rent ratios indicate where to buy and where to rent.
Even as fundamentals in the St. Louis apartment market continue to weaken, owners and managers still see opportunity in the mid-tier.
-
On a market-by-market basis, the picture for multifamily housing and fundamentals is not very bright.
When it comes to bringing in new renters and keeping the old, the bottom line is to do what you can to keep residents in place.
Apartment renovators slow their pace in 2008.
Multifamily firms offer programs that reassure new and existing residents alike, encouraging them to sign up and stay put.
-
In comparison to the rest of the economy, rents may not be doing too badly. Consumer Price Index (CPI) data showed that real rents gained two percentage points in March after losing ground in February, according to the U.S. Bureau of Labor Statistics.
-
After three months filled with weakening occupancies and more balance sheet acrobatics than acquisition and disposition activity, analysts expect nothing earth-shattering when the apartment REITs announce their first-quarter results in the coming weeks.
The recession does away with fundamentals and stresses property performance across all multifamily markets and product types. Here's our report on the state of rents in the industry.
-
E-payment systems power progressive rent collections even in a recession.