Apartment Owners Look For Record Rents in 2011
Concession burn off and full occupancy position landlords to aggressively push rents in 2011. Read more
Bell Builds Institutional-Level Platform
Bell Partners has a formula for success that other owner/operators might be wise to emulate. Read more
Take the 2011 Rental Forecasts With a Grain of Salt
It's a tough climb ahead to a full recovery, regardless of what the numbers say. Read more
Stat of the month
55+ Demographic to Dominate U.S. Households by 2020
How apartment firms can cash in on the baby boomer demographic. Read more
Yardi Sues RealPage over Alleged Hacking, Data Breaches
Carrollton, Texas-based multifamily software and services provider RealPage has been served with a lawsuit from Santa Barbara, Calif.-based Yardi Systems, which alleges that RealPage subsidiary EverGreen Consulting accessed information outside the scope of agreements with clients on seven occasions in the past six months. Read more
If you need debt for a project, Bank of America’s Katy Gnapp says her bank is open for business. “We have money to lend,” Gnapp said at last week’s NAHB International Builders’ Show in Orlando. “Right now, there is not enough core loan demand to meet all of the supply from the banks.” Read more
In the past two weeks, three large apartment companies have made major announcements that could have wide-ranging implications across their portfolios. Read more
The 5 Hottest Markets for 2011 Apartment Development
According to the Washington, D.C.-based National Association of Home Builders, multifamily housing starts are poised to increase to 133,000 units this year, a nearly 50 percent increase over 2010 numbers. While the activity is still far below traditional apartment construction volume, it nevertheless is further evidence that multifamily builders, provided they can score adequate financing, are ready to take advantage of the supply/demand imbalance and enter the promised land of rising rents and revenue. Read more
AvalonBay has announced the acquisition of three apartment communities by its AvalonBay Value Added Fund II, a private investment fund in which the Alexandria, Va.-based REIT holds a 31 percent equity interest. Bought between November 2010 and January 2011, the communities add 1,366 units to the fund. The goal? To make value-added improvements through redevelopment, enhanced operations, or by realizing improved market fundamentals. However, that value-add activity won't be starting any time soon. Read more
Freddie Mac closed more than $15 billion in 2010—$3 billion in December alone—and would've closed more if not for the rising yield on the 10-year Treasury, which may hasten the need for more mezz loans this year. Read more