December 2014 Table of Contents

Editor's Letter
Editorial: Renters by Choice? Yeah, Right Editorial: Renters by Choice? Yeah, Right

The next time you talk about Millennials being "renters by choice," look in the mirror and ask yourself if you're one too. Read more

Check In...
Vertical Gardens: A "Living" Building Down Under Vertical Gardens: A "Living" Building Down Under

A residential and commercial building in Australia gets covered in growing plants and flowers. Read more

Top 10 New-Construction Metros of 2015 Top 10 New-Construction Metros of 2015

Houston comes in first with 19,662 expected completions in 2015. However, in terms of inventory growth rate, Houston falls to sixth place, at 3.2 percent. Read more

Oceans Apart: Newest AVA Community Designed With Asian Flair Oceans Apart: Newest AVA Community Designed With Asian Flair

AvalonBay's AVA Little Tokyo was designed with Japanese pop culture in mind. Read more

Crescent Sells 9 Properties for Nearly $700 Million Crescent Sells 9 Properties for Nearly $700 Million

Charlotte, N.C.–based Crescent sold the portfolio of 2,667 units to an undisclosed private investor and UBS Global Asset Management. Read more

3 Lessons From the Hospitality Industry 3 Lessons From the Hospitality Industry

Bozzuto's Jamie Gorski thinks hotels have set the bar high for multifamily managers. Read more

7 Ways to Take Your Clubhouse From Bland to Brilliant 7 Ways to Take Your Clubhouse From Bland to Brilliant

MP Studio designers share insight gained from a recent clubhouse renovation on how to make community areas modern and attractive. Read more

Focus...
New Developments Lloyd Co.'s Lofts Light Up Downtown Sioux Falls

South Dakota may be best known for Mount Rushmore, but the state also has a bustling downtown in its largest city. Read more

Non-negotiable: Tighter Market Means Few, if Any, Concessions

When the economic crash sent managers into a frenzy to keep occupancies from falling further, concessions were flying fast and furious. But a recently released Rent.com report shows just how far we've come since then. Read more

Will Oversupply Threaten the Industry's Momentum?

Although there are several markets that will likely struggle with oversupply, industry leaders aren’t concerned about the more than 75,000 units that are expected to deliver before the end of this year, according to data from Dallas-based Axiometrics. The research firm also expects more than 222,000 units to come to fruition next year. Read more

Inspire...
Analysis: Battle Lines in the Rent vs. Own Tug-of-War
Analysis: Battle Lines in the Rent vs. Own Tug-of-War

New HUD secretary Julián Castro knows his work is cut out for him as he seeks to spur homeownership while promoting more affordable rental housing. Read more

Chasing Yield: The 2015 Dealmaking Outlook 2015 Dealmaking Outlook Chasing Yield: The 2015 Dealmaking Outlook

As cap rates continue to fall, investors are pushing for returns in five key areas heading into the new year. Read more

Touch...
Five Hot Property Management Apps Five Hot Property Management Apps

The growing range of property management apps—from conducting inspections to measuring energy efficiency—can make running a community more streamlined than ever. Here are five apps you should be aware of. Read more

Pop Quiz: Erica Campbell Byrum on the 'Social' Aspect of Social Media Multifamily Executive Pop Quiz: Erica Campbell Byrum on the 'Social' Aspect of Social Media

Multifamily Executive assistant editor Kayla Devon recently chatted with Byrum, director of social media for Homes.com and ForRent.com, on the most effective social media strategies multifamily firms can employ to build a sense of community, engage residents, and, ultimately, drive up retention rates. Read more

Marketing Going Solo: Scrapping the Agent-Led Apartment Tour

MC Residential ditches the typical agent-led apartment tour and sees extended office hours and increased occupancy. Read more

Wrap...
Wrap To Buy or Not to Buy?

The cost of renting has outpaced the cost of buying a home in many of the nation's 100 largest metros, according to a recent study by Trulia. Here are some of the top-line takeaways of the report. Read more

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