July 2014 Table of Contents

Features
M&R Development's 80-Unit Central Station, Evanston, Ill. New Developments M&R Development's 80-Unit Central Station, Evanston, Ill.

The parcel was originally designed for condos, but the 2008 downturn led Dodge Capital to M&R Development in 2012 for a rental alternative. Read more

Avana Skyway's Current Residents Share in Renovation Excitement Inspire Avana Skyway's Current Residents Share in Renovation Excitement

The entire project, which will cost about $5 million, is a combination of deferred maintenance and upgrades to make the community look more appealing to prospective renters. However, once the renovations began in January 2013, existing residents began to share in the excitement. Read more

Renovation Sensations Renovation Sensations

Kitchens, baths and common areas are the biggest renovation focal points of this year. Read more

Breaking Good: The Story Behind the Greystar-Riverstone Story Breaking Good: The Story Behind the Greystar-Riverstone Story

It’s the biggest story of the year, and Multifamily Executive had it first. But sometimes the story behind the story is quite a story itself. Read more

Homing In: Single-Family Rental Firms Ponder End Game Homing In: Single-Family Rental Firms Ponder End Game

The single-family rental market is maturing, but like most adolescents, it's unsure of what it wants to be when it grows up. Here, MFE takes a deep dive into this new institutional asset class, with the sector's biggest players weighing in on their challenges, opportunities and exit plans. Read more

The Smart Money Likes Value-Add Deals Leverage The Smart Money Likes Value-Add Deals

If you have designs on buying that aging B property to renovate it to aB-plus, there’s some good news. Lenders want your business. Read more

Student Housing Sector Fills Huge, Escalating Need commentary Student Housing Sector Fills Huge, Escalating Need

Fears of oversupply in the privately owned student housing sector may be unfounded as demand has more than kept pace with all the new construction activity. Read more

Tryko's Affordable Rehab Goes Above and Beyond Tryko's Affordable Rehab Goes Above and Beyond

After winning a foreclosure auction, Tryko Partners put $1.3 million into an affordable housing property to keep it as a part of the company's affordable portfolio. Read more

Rehabbed New Deal–Era Building Helps Revive Shenandoah Valley Town Facelift Rehabbed New Deal–Era Building Helps Revive Shenandoah Valley Town

Parkway 301, once the birthplace of the Blue Ridge Parkway, had fallen into disuse until an urban-renewal spirit sweeping the nation came to downtown Roanoke, Va. Read more

Strategic Upgrades Help Sterling, Va. Property Stay Competitive apartment renovation index Strategic Upgrades Help Sterling, Va. Property Stay Competitive

Cascades Overlook, located in Sterling, Va., is getting a $3.2 million facelift as kitchens and bathrooms are renovated based on turnovers. Kettler Management is overseeing the $3.2 million renovation. Read more

Lux Leaves: Ambitious French Building Lets Residents "Create" Floorplans Check In Lux Leaves: Ambitious French Building Lets Residents "Create" Floorplans

French and Japanese architects conjure a free-flowing, modern design that will command the Montpellier skyline. Read more

Indy-Area Company Stumbles Upon Baby Boomer Success

Mark Juleen has learned that sometimes the key to discovering what people want happens by accident. Juleen and the team at Carmel, Ind.-based J.C. Hart Co. stumbled on an attractive layout that had Baby Boomers flocking to a local development. Read more

Common Area Rehab: Bell Adds Value With Light Touch Check In Common Area Rehab: Bell Adds Value With Light Touch

Nickolay Bochilo and the investment team at Bell Partners saw a unique opportunity to acquire a Columbia, Md. community for a value-add play. But what made this acq-rehab unique is that it had already been recently renovated. Read more

Permits Too Much? April’s Multifamily Permit Numbers Hit Historical Highs

Though multifamily starts rose almost 40 percent in April and permits approached historical high, many observers still appear unconcerned about over development. Read more

ACC and EdR Take a Break From Buying, Stoking Cap-Rate Fears

With REITs ACC and EdR pulling back from the acquisitions market, questions remain about where cap rates will go in that sector. Read more

Check In From Campus to Workforce: 5 Ways to Attract Millennial Renters

Miles Orth, COO of Campus Apartments, gives his top five list of things most Millennials will consider when looking for a place to live. Read more

Design Best Practices to Reel in Renters While Showing a Unit

It’s important to train leasing agents to go far beyond simply reciting a sales pitch; the aim is a much more holistic education on design and development, allowing them to illustrate the real-world applications and benefits of specific features. Read more

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