September 2014 Table of Contents

Features
Chris Herman Is Helping Balfour Residential Reach New Heights as MFE's 2014 Rising Star Chris Herman Is Helping Balfour Residential Reach New Heights as MFE's 2014 Rising Star

Chris Herman, of Balfour Residential and MFE's Rising Star of 2014, went from design to development. Read more

Alliance Residential's Bruce Ward Wins MFE's Executive of the Year Alliance Residential's Bruce Ward Wins MFE's Executive of the Year

By playing it smart in the last cycle, Bruce Ward has moved to the top of the development world and named MFE's 2014 Executive of the Year. Read more

Dranoff Properties’ 85-Unit Southstar Lofts, Philadelphia New Developments Dranoff Properties’ 85-Unit Southstar Lofts, Philadelphia

Located at the corner of highly visible Broad and South streets, Southstar is a high-end rental that blurs the line between what condo buyers and luxury renters expect. Read more

I Was a Multifamily Mystery Shopper I Was a Multifamily Mystery Shopper

I’ve been a renter the past two years and, I have to say, the world looks a lot different from the other side of the leasing desk. Read more

list Top 10 Metros for New Construction Permits

While multifamily was a big driver of all residential sector permitting activity most of the year, the summer has seen a bit of a slowdown, according to research firm Axiometrics. Read more

Cap Rates Fall to Historic Lows as Investors Chase Yield Far Afield

Cap rates compressed even more in the gateway metros on the coasts in the year's first half. But those prices are pushing even the biggest institutional investors into secondary markets. Read more

The 10 Biggest Deals of the First Half of 2014

New York, Washington D.C., Chicago, and Los Angeles were all well represented in the top 10 deals of 2014's first half. Read more

apartment life Burned: Lessons in Fire Safety, Learned the Hard Way

Managers are no strangers to handling devastating blazes: Nationally, 28 percent of all residential fires were reported in multifamily buildings, according to the U.S. Fire Administration. Read more

Luxury High-Rise Opens in Hot Denver Market Luxury High-Rise Opens in Hot Denver Market

The Opus Group has completed Verve, a 285-unit, luxury high-rise apartment and retail development in downtown Denver developed in partnership with Amstar. Read more

Dranoff Perfects Its Philly Pedigree With Southstar Lofts new developments Dranoff Perfects Its Philly Pedigree With Southstar Lofts

Developer Carl Dranoff knows the Philadelphia real estate market well, having helped make an important city area a 24/7 neighborhood with luxury condo and rental product. His latest local development is no less impressive. Read more

MFE Question: What Exactly is "Workforce Housing"? MFE Question: What Exactly is "Workforce Housing"?

Industry officials clarify the definition of workforce housing drawing a line between housing the working class and conventional affordable housing. Read more

Greystone Acquires ARA Seniors Group

As rumors surround ARA, the firm sold its seniors group to Greystone. Read more

Indianapolis Rehab Rebuilds Community From Squalor Check In Indianapolis Rehab Rebuilds Community From Squalor

Two years after a complete gut-rehab, The Enclave at Meridian has grown into a vibrant, comfy community. Read more

5 Reasons Occupancy Is Growing Stronger Occupancies 5 Reasons Occupancy Is Growing Stronger

Despite the high number of units that have come on line in the past year—with thousands more on the way in the second half of 2014—occupancy and rent-growth levels are among the highest they've been this century. Read more

Making Sense of Business Intelligence Making Sense of Business Intelligence

It's not just technology jargon. Used to its full potential, business intelligence can help multifamily firms find and address their weaknesses while maximizing their strengths. Read more

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