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FEATURES

  • Prime Time

    Multifamily operators investigate the pros and cons behind the most progressive business strategies for 2012.

     
  • At Your Service

    The emergence of greater instiutional investor ownership in the apartment sector has necessitated a new breed of balance-sheet aware, technology literate property managers.

     
  • In the Spotlight

    The rants of unhappy residents going viral are an apartment firm’s worst nightmare. Savvy managers are controlling the damage through a combination of traditional branding and reputation management.

     

One to Watch

Cover Story

  • Be Nimble, Be Quick

    Longtime CEO Bob Greer helps Michaels Development Co. stay on top of the multifamily builder leaderboard by focusing on flexibility, diversity, and market dominance.

     
  • Total Immersion

    MFE 2011 Executive of the Year Mark Alfieri has grown Behringer Harvard's multifamily platform from zero assets to instituional quality portfolio in only 5 years and during a recession to boot.

     

Up and Comers

FROM THE EDITOR

  • Changing Times

    The forces of change are alive and well in the multifamily industry, with various professionals assuming new roles--all in the interest of remaining competitive.

     
  • A Glimpse Ahead

    The industry's most stunning projects also suggest a healthy future for multifamily.

     
  • Team Spirit

    Even as we aspire to be good leaders and managers every day, in the end, it takes a good team to get you to the finish line.

     

CORNER OFFICE

  • Ready to Launch

    Going forward, multifamily projects are squarely positioned to lead the way toward the overall revival of the real estate industry.

     

NEWS + NUMBERS

Stat of the Month

  • Green ­Footprint

    Consumers are increasingly looking for sustainability features in their apartments, even if they aren't quite ready to pay for it yet.

     
  • Finders Keepers

    Apartment prospects say that search engines, ILSs and drive-by are their top three sources for finding a new unit.

     
  • You Talkin’ to Me?

    While apartment residents prefer email and cell phone calls to communicate with property managers, a new survey reveals the need for customer service across a broad range of communication channels.

     

Direct Reports

  • Fundamentals in D.C. Decelerate

    For the past couple of years, the Washington, D.C., market has been the star of the apartment business. Low supply and a strong job picture mean that apartment owners in the nation’s capital have enjoyed some staggering rent gains in the past 18 months. But new commentary from REIT conference calls...

     
  • HUD Appoints Head to Lead Multifamily Programs

    Marie Head has been appointed deputy assistant secretary of multifamily housing programs at the Department of Housing and Urban Development (HUD) Tuesday, filling a post left vacant when Carol Galante became the acting Federal Housing Administration (FHA) commissioner in July.

     
  • Slowing Their Roll

    In his third-quarter earnings call, David Neithercut, CEO of Chicago-based REIT Equity Residential, indicated that the company may ramp up its development activity in 2012. And for people who are expecting a big surge in multifamily development next year, the reason for it may be surprising.

     
  • Class B Shows Strength

    As the entire apartment market continued to tighten in the third quarter, rental data said one group of apartments is coming on strong. And it wasn’t necessarily the Class A sector that one would expect.

     
  • Related Taps Buyer Financing

    As it's watched foreign buyers scoop up excess condo properties in South Florida, The Related Group, a Miami condo builder, is betting the market can absorb more units.

     
  • Durbin Does Debit: Dodd Frank Amendment Saves Multifamily Some Dough

    Debit card transaction fee changes could further hasten apartment resident migration to electronic/mobile rent payments.

     
  • Brain Drain: Mike McRoberts Leaves Freddie Mac

    One of the longtime heads of Freddie Mac's multifamily division is bolting for the private sector.

     

Regional

  • A Silver Lining

    The metro known as Florida's First Coast region is enjoying a turnaround in apartment market fundamentals.

     
  • Twin Cities Triumph

    Minneapolis/St. Paul apartment owners relish strong market, low vacancies in 2011.

     
  • Strong as Steel

    Having successfully transformed itself from a mill town to a stable employment center, Pittsburgh remains a consistently steady market for apartment owners.

     

PEOPLE + PLACES

One to Watch

Apartment Life

  • Super Techs

    Owners Use Team Building, Technology to Improve Maintenance

     
  • Taking the Plunge

    How to prepare your multifamily apartment team for identifying and executing common area amentity renovations and upgrades.

     

Facelift

  • Carriages to Condos

    An early 20th-century carriage house/garage in New York's popular Chelsea neighborhood survives the Great Recession to become 24 swank condo units.

     

SALES + SOLUTIONS

New Developments

  • Historic Rebirth

    A former electric showroom turned corn exchange helps revive rebounding Buffalo as a multi-use apartment/commercial space.

     
  • Luxurious Transitions

    Wood Partners appeals to empty-nesters seeking rental living with an amenity- and actvity-laden apartment building.

     

Done Deal

  • Branching Out

    It seems like everyone wants to join the multifamily party these days, including office and retail developers who sense opportunity.

     

Tech Specs

  • Untethered Tech

    Apartment operartors are likely to benefit from the proliferation of web-based and software as a service offerings now becoming popular in the industry.

     
  • Social Mediums

    Opportunities and strategies for multifamily apartment companies to leverage the power of social media.

     

PRODUCT STUDIO

  • Gather ’Round

    New surfacing materials geared for the multifamily industry are suitable for individual units and the increasingly popular demonstration kitchen alike.

     
  • All That ­Pizzazz

    Apartment developers and owners seek to make an immediate impression on renters and prospects with flooring that creates a "wow" factor.

     
  • Value Proposition

    Multifamily developers are seeking appliances that offer residents more bang for the buck.

     

LANDMARKS

  • Glass House Revival

    The 2009 refurbishment of 860-880 Lake Shore Drive Apartments has restored the original design and intent of the mid-20th-century Chicago landmark.

     
  • Landmarks: Marina Towers, Marina City

    Marina City includes the unmistakable "Corn Cob," aka Marina, Towers, the beloved residential component of this much-admired mixed-use complex.

     
  • Habitat 67: "Art Unto Itself"

    Architect Moshe Safdie's Habitat 67, built for Expo 67 in Montreal, used interlocking modular forms to create a lasting residential work of art.

     

MFE AWARDS

High-Rise

Mid-Rise

Low-Rise

Senior

Student

Military

Affordable

Mixed-Income

Apartment Renovation

Adaptive Reuse

Green

Marketing and Advertising

Community Service

Best Use of Technology

OTHER ARTICLES

  • MFE TV: Operations Outlook

    In an environment of growing rents, it’s more important than ever to stay on top of your operations to ensure you’re delivering the right products, services, and amenities to maximize your occupancies and rent rolls. Listen in as property managers from across the country share their observations on...

     
  • MFE TV: Digging In

    Build, build, build. It seems that 2012 will see a ramp up of apartment construction activity across the board. But what deals are happening—and at what terms? We ask some of the industry’s most well-respected apartment developers to share their insights on the development outlook and the state of...

     
  • MFE TV: Forecast 2012

    Tune into the future as senior multifamily executives and their capital partners offer up their predictions for how 2012 will shape up. These leaders will take a deep dive into everything from the state of the eceonomic markets to the election and GSE reform to their personal business objectives...

     
  • Industry Secures Summary Judgment in Accessibility Case

    Last month, the apartment industry scored what the National Multi Housing Council terms a “significant victory” as a judge rejected a Justice Department (DOJ) request for summary judgment in a case filed against Dallas-based JPI Apartment Construction.

     
  • Charm City Giants: Q&A With Bozzuto Development President Toby Bozzuto

    Bozzuto development president Toby Bozzuto checks in with Multifamily Executive to talk about $200 million in new D.C. and Baltimore developments.

     
  • Top 8 Tips for Vendors Selling to Multifamily Owner/Operators

    More than150 multifamily industry sales and operations professionals pinpoint some of the top strategies for utilizing video, social media, and CRM systems in order to improve and refine the multifamily vendor sales channel.

     
  • Sebree Talks About Taking Over NMHG

    John Sebree is no stranger to Encino, Calif.–based Marcus & Millichap. He started in the firm's Chicago office in 1991 and opened the Indianapolis branch in 1997. In 2008, he decided to move over to Holliday Fenoglio Fowler as managing director, but now he’s back with M&M, as the new director of...

     
  • EDR’s University of Kentucky Deal Could Change Student Housing Industry

    The University of Kentucky is on the verge of making a move that could change the ballgame in the student housing business. Earlier this week, the Lexington, Ky.-based school put out a press release announcing that it was in negotiation with Memphis-based student housing REIT Educational Realty...

     
  • Quick & Quirky: December 8, 2011

    Multifamily Executive Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week’s pet-friendly lineup: multifamily’s best friend, picking up around the property, and keeping the lights on.

     
  • Colonial Looks to Upgrade Its Portfolio

    In the past six quarters, Birmingham, Ala.-based Colonial Properties Trust has bought 10 assets for $298 million and sold another six properties for $105.8 million under its capital recycling program. But the REIT isn’t just focused on buying and selling. It’s also funneling some of that capital...

     
  • Building Blocks: Gotham Organization Takes on Midtown

    The New York City–based Gotham Organization recently announced that it has commenced construction on a $520 million residential development encompassing nearly an entire city block in Manhattan.

     
  • Download of the Week: Social Media Q&A With RentSentinel's Eric Broughton

    Chicago-based RentSentinel launches an application to give leasing agents the ability to manage an entire portfolio’s worth of social media sites directly from a single platform.

     
  • Mixed Signals on Improving Renter Quality

    In their recent third-quarter earnings calls, apartment REIT CEOs noted that as occupancies tighten and rents move up, something else encouraging is happening—the quality of residents is also improving.

     
  • Archstone Sale Watch

    Multifamily Executive is keeping close tabs on the potential sale of Archstone, as Lehman Bros., Bank of America, and Barclay’s try to navigate the right disposition strategy for the portfolio that was taken private for $22 billion in 2007. Check out our coverage, along with breaking news from...

     
  • Industry Questions Long-Term Viability of Smaller Units

    Manny Gonzalez, a principal at Irvine, Calif.–based architectural firm KTGY, remembers when 60 percent of the new units he designed were two-bedrooms or larger. Now, he’s designing communities consisting of 60 percent one-bedrooms or smaller, and that has him worried. He is not alone.

     
  • Quick & Quirky: November 17, 2011

    Multifamily Executive Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: pure energy, electrocutions, the Porsche pad, plus hidden 80s music playlists*.

     
  • Three Takeaways from Third-Quarter Earnings Calls

    For most analysts listening in on the apartment REITs’ third-quarter conference calls, fundamentals were the key. They wanted to know where rents were moving, whether traffic slumped after August’s economic woes, and the will fare in the traditionally slower winter months. While those questions...

     
  • Report Says Equity Residential Leads in Archstone Chase

    For a while, Chicago-based Equity Residential has been rumored as a potential buyer for parts of Denver-based Archstone’s massive portfolio. A Wednesday report from The Wall Street Journal verifies that speculation, saying that Equity Residential “has emerged as the lead bidder in the contest to...

     
  • Apartment Firms Not Energy Benchmarking Face Competitive Disadvantage

    Failure to begin energy benchmarking initiatives will result in competitive disadvantages for apartment owners relying on institutional investment partners, lenders, asset and portfolio purchasers, renters, and the general public.

     
  • Apartment Tech Executives Look for Greater Strategic Roles

    Better integration of IT and operations, seat at strategy table highlight trends at NMHC Technology and Operations Conference.

     
  • REITs Report Uneven Traffic

    Coming into the apartment REITs' third-quarter conference calls, analysts had one overriding concern: Is there a slowdown looming?

     
  • 2011 MFE Awards - Grand Winners

     
  • Apartment ILS State of the Union

    New and established multifamily listing sites are getting creative and competitive in the quest for Gen Y prospects.

     
  • Quick & Quirky: October 27, 2011

    MULTIFAMILY EXECUTIVE senior editor Chris Wood rounds up interesting and intriguing news tidbits. This week: cakes, credit, and commitment.

     
  • Lynd Unveils Student Housing Division Amidst Strong Fundamentals

     
  • Apartment Sales Volumes Remain Strong

    Despite economic uncertainty, the apartment transaction market remained strong in the third quarter, according to commercial real estate research firm Real Capital Analytics.

     
  • Three Things to Listen for in REITs' Q3 Earnings Calls

    Most third-quarter conference calls are usually just a warm up for the fourth-quarter calls. Analysts know the real news comes in the fourth quarter when apartment REITs start to provide a picture of what the coming year looks like.

     
  • Quick & Quirky: October 20, 2011

    Multifamily Executive Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: the Perez Hilton security deposit issue starring Dita Von Teese, Will Ferrell, and Faye Dunaway.

     
  • The Weekly Download: Social Media vs. Nimbyism with Renaissance Downtown's Brandon Palanker

    By using social media as a tool to leverage “crowdsourced placemaking,” Renaissance Downtowns overcame an initial two-story height restriction with a concept plan that now includes a seven- to nine-story boutique hotel, a town square piazza, and 3,500 apartment units, all by resident request.

     
  • Gables Launches New Site

    Gables Residential's new website at Gables.com is designed to assist prospects in the apartment-search and leasing process while helping the Atlanta-based company continue to refine its product offerings.

     
  • Developers Move Back into the Sunshine State

    Think back a couple of years. Supply soaked Florida dominated the real estate headlines with foreclosures, distress, and investors fleeing from their downpayments. Now, national multifamily firms such as Alliance Residential, Gables Residential, and Wood Partners are making big building bets on the...

     
  • Economists Warn of Double-Dip, Rent Disparities at State of Industry Roundtable

    The economists at the Multifamily Executive Conference’s annual Economic Roundtable and State of the Industry panel are optimistic that the country won’t experience a double-dip recession.

     
  • Mark Alfieri, Kenneth Naylor, The Bozzuto Group Win Big at the 2011 MFE Awards

    Mark Alfieri, COO of the multifamily platform at Dallas-based Behringer Harvard, was named the 2011 Executive of the Year by Multifamily Executive magazine at the MFE Awards luncheon in Las Vegas on Oct. 4, 2011. Alfieri was one of two individual honors and more than 40 awards presented at the...

     
  • Multifamily is Bright Spot in Still-Struggling Economy

    Attendees and speakers at the 2011 Multifamily Executive Conference, held Oct. 3-5, 2011, at the ARIA Hotel & Casino in CityCenter Las Vegas, were assertive in voicing their optimism about the future of multifamily, pointing to a resurgence in the capital markets, rising occupancy and rent levels...

     
  • Slideshow: 2011 MFE Conference Highlights

     
  • Apartment Transaction Market is a Tale of Two Cities

    The apartment transaction market remains a tale of two cities, with institutional players competing heavily in the core, and smaller private local groups dominating in secondary and tertiary markets.

     
  • GSEs Continue to Serve Multifamily Debt Market, As Competition is Slow to Make Strides

    The multifamily debt market is evolving toward a more diverse competitive landscape beyond Fannie Mae and Freddie Mac, but it's a slow evolution.

     
  • Equity Investors Continue the Flight to Quality

    The market for equity looking to invest in multifamily remains strong, but a flight to quality has widened the gap between primary and secondary markets.

     
  • Conservative Terms Dominate Construction Financing Market

    The construction debt market has slowly but surely returned, though the lessons learned through the last downturn are informing today's more conservative approach.

     
  • Status Quo Will Prevail for Fannie, Freddie Until 2012 Election

    As Congress continues to mull housing finance reform, the multifamily industry has grown more visible in the debate.

     
  • Rent-Growth Environment Requires Diligence, Re-Training

    The world has gotten a lot better for property managers over the past couple of years. Instead and slashing and burning to get residents to stay, they’re now bumping up rents as much as they can.

     
  • Despite Optimism, Multifamily Developers Voice Concern Over Jobs, Construction Costs

    Despite benefiting from steady debt financing and being universally bullish on new apartment development fundamentals, multifamily builders remain skittish over the impact of macroeconomic trends on job creation and land and constructions costs.

     
  • Flexibility and Diversity Achieve Healthy Returns in Acquisitions, Development

    With stiffening competition in the acquisitions market and development still limited by debt limitations and burdensome entitlement process, what's an entrepreneurial firm to do if it wants to generate healthy returns?

     
  • Flexible Micro-Unit Designs Appeal to Gen Yers

    Gen Y is coming. And, according to studies and a lot of anecdotal evidence, they want to be near the action.

     
  • Value-Add Work Begins to Ramp Up, Despite Varied NOI Boosts

    Last year, David Nischwitz, senior vice president and director of property redevelopment for Memphis-based REIT MAA was the only person on the redevelopment panel at the Multifamily Executive Conference that was really bullish on redevelopment. A year later, Nischwitz says MAA is planning to...

     
  • Diversification, Not Distress, Dominates Portfolio Management Discussions

    With uncertain economic indicators, record-low interest rates, and a favorable supply-demand equation, apartment owners have a host of variables to consider as they manage their portfolios going forward. Consider refinancing for instance. In the past an owner may have shied away from...

     
 
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