April 2014 Table of Contents

Features
Sky-High Prices for Land Force Developers to Get Creative

As land prices soar, developers are being a bit more tactical in choosing where to place new projects. Read more

The NMHC 50: Owners and Managers The NMHC 50: Owners and Managers

MULTIFAMILY EXECUTIVE is pleased to present the 25th annual NMHC 50, the National Multifamily Housing Council’s authoritative ranking of the nation's 50 largest apartment owners and 50 largest apartment managers. Read more

Southern Discomfort: Winter Storms Stall Construction in South Inspire Southern Discomfort: Winter Storms Stall Construction in South

If this long cold winter has done anything, it's forced developers and construction teams to anticipate any type of weather, no matter how severe. Read more

Condo Resurrection Lives Large in Chicago Inspire Condo Resurrection Lives Large in Chicago

Riding the wave of a condo market resurgence, the developers behind the Chicago Spire re-up plans to build the tallest building in the Western hemisphere. Read more

Labor Shortages, High Materials Costs Delaying Many Projects

The coupling of labor shortages and rising costs of materials have been plaguing multifamily construction, leading to delays that increase the cost of a project. Read more

Under the Radar: Naples, Fla. One of the Nation's Healthiest Markets Check In Under the Radar: Naples, Fla. One of the Nation's Healthiest Markets

Dominium provides insight into expanding into the Florida market including Naples, where occupancy is the highest in the nation. Read more

Boston High-Rise Soars as Post-Recession Success Story new developments Boston High-Rise Soars as Post-Recession Success Story

A prominent downtown site gets a second life as home to a luxury residential tower. Read more

Safety First: Crime Prevention Efforts Pay Dividends

"Crime is our industry's dirty little secret," says Brent Sobol, an apartment owner and crime-prevention consultant. "Everybody’s got it, to some degree, but no one wants to talk about it or admit it." Read more

Above Sea Level: NYC Architects Creatively Battle Rising Flood Waters Above Sea Level: NYC Architects Creatively Battle Rising Flood Waters

A little more than a year after Hurricane Sandy swept over New York City, architects have gone back to the drawing board to face the rising flood levels in the city. Read more

Glacial Wave: Danish Architects Create "Sculptural" Icon Glacial Wave: Danish Architects Create "Sculptural" Icon

Flowing with its natural water habitat, this 100-unit luxury building mimics the sea and mountains by the Vejle Fjord in Denmark. Read more

LIHTC Survives Tax Reform Draft; Big Changes Proposed

The affordable housing industry reacts to Rep. Camp's much-anticipated tax reform draft, which preserves the LIHTC but introduces major changes, and even eliminates, other vital multifamily programs. Read more

MFE Question: Will Soaring Labor and Materials Prices Affect 2014's Pipeline?

Over the last year, the costs of labor and materials (not to mention land) has gone up significantly, creating difficulties for developers to come in on time and on budget. We asked three industry veterans on what effect labor and material costs will have on the pipeline this year. Read more

19th-Century Mall Reinvented as Mix of Micro Lofts, Retail facelift 19th-Century Mall Reinvented as Mix of Micro Lofts, Retail

The nation’s first enclosed mall, modeled after historic European arcades, is transformed into a vibrant mixed-use space in downtown Providence, R.I. Read more

Finders Keepers: Resources for Attracting and Retaining Talent

As the face of your company, a great site-level team is critical to leasing activity, and ultimately, net operating income. But many managers still can't crack the code on reducing turnover. Read more

Go To Brunk, Greystar's New Director of Real Estate, Leads With Experience

Bobbie Brunk began her multifamily journey more than 25 years ago, as a leasing agent. After a career that saw stints at Crosland and Archstone, she is now Greystar's director of real estate Read more

Investing in Secondary and Tertiary Markets: Best Practices

Applying the same rules of primary-market investing won’t work here. These assets require a down-in-the-weeds approach. Read more

Corner Office The Other Cheap Capital: Rethinking Hold Periods

Multifamily portfolio owners could do well to investigate longer-term asset holds and the long-term, generational investors looking for more than an IRR. Read more

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