2014 MFE Concept Community

MFEConceptCommunity2014
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Historic Minneapolis Flour Mill Undergoes $150 Million Renovation

A historic flour mill in Minneapolis is getting a makeover and will soon become home to more than 250 affordable live/work artist apartments. More

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Micro Units: The Essential Ingredients

The tiny apartments don't have to measure 400 square fee and be situated in a... More

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McKinley Breathes New Life into Ann Arbor Community

McKinley is doing a rehab of the 33-year-old, 120-unit unit Manchester West in Ann Arbor, Mich., which the company hopes will achieve a 24 percent ROI. More

Rehab ROI: Which Upgrades Cause the Biggest Rent Bumps?

Flooring replacements? Definitely. Countertops? Maybe. A new roof? Unlikely. But neglect curb appeal and common spaces at your own peril. More

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Striking a Unit Balance for Both Baby Boomers and Gen Y

Finding the right unit mix in a new development can be a tricky task, an exercise in demographic research that can determine whether your building will cater to Baby Boomers or Millennials. More

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Welcome to the 2014 Concept Community

Welcome to the 2014 Concept Community, “Renovation Nation”. Over the next five months, Multifamily Executive will take a deep dive into rehabs, renovations, and adaptive-reuse projects with our industry partners McKinley, Dominium, Mike Rovner Construction, RDL Architects and J Turner Research.Along the way, an all-star lineup of industry thought leaders will provide insight on the most effective renovation strategies. We’ll dissect the topic from a variety of angles and mediums, including bi-weekly e-newsletters; a themed issue of the magazine; and a keynote at the MFE Conference in September.Visit the website here. More

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Harvard Report Quantifies Multifamily Rehab Spending

The Harvard University Joint Center for Housing Studies’ most recent report on rental investments at the metro level reveal just how much the multifamily industry spends every year on rehabs, and what they spend it on. More

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Developer Focuses on Adaptive Reuse to Revitalize Its Home Region

Holly Wiedemann, president of Lexington, Ky.–based AU Associates, shares how her... More

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City Meets Country: Mobile Homes Get Urban Spin in Atlanta

While developers are building new properties with much less parking ground thanks to new zoning requirements, architects are tackling the problem head on, figuring out a creative use for all those empty spaces. More

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Cap-Rate Gap Between Older, Newer Properties Starts to Narrow

Older property cap rates remain on a downward trend, suggesting sustained interest in ready-to-renovate properties, while newer asset cap rates are leveling off, suggesting a possible concern that recent deliveries could be more strongly affected by the growing supply wave. More

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Meet the Players

  • Nick Anderson
    Nick Anderson
    A senior development associate with Plymouth, Minn.-based Dominium, one of the nation's top multifamily renovators. The more than 40-year old firm rehabbed over 2,500 units in 2013, with another 1,200 units in the pipeline this year. Andersen is responsible for assisting with project development, acquisition, and financing, as well as overseeing a portion of Dominium's portfolio.
  • Joseph Batdorf
    Joseph Batdorf
    A co-founded J Turner Research, one of the nation's leading providers of market research specific to the multifamily industry, in 2003. He currently serves as the company's president. Prior to launching J Turner Research, Batdorf was founder and president of AmRent, where he pioneered innovations in the resident screening business, including sophisticated data gathering techniques and an automated system to instantly score a prospect. Batdorf currently serves on the National Multi Housing Council Advisory Committee.
  • Albert M. Berriz
    Albert M. Berriz
    A CEO and co-owner of McKinley, Inc., a $4.6 billion real estate enterprise supported by more than 1,600 full-time workers. The Ann Arbor, Mich.-based firm has a portfolio of more than 300 projects in 34 states, consisting of over 35,000 multifamily units and 21 million square feet of office and retail. A Top 50 management firm, McKinley is also an industry-leading rehabber, a mainstay on Multifamily Executive's Top Renovator rankings.
  • Ron Lloyd
    Ron Lloyd
    He founded Cleveland-based RDL Architects, Inc. in 1995 after a successful career managing the design studios of nationally recognized firms. The firm has since evolved into a multidisciplinary practice maintaining licensing nationally, and serving the commercial, residential, and senior living industries. Known for its clean, elegant designs, the firm has risen to become one of the nation's leading multifamily architecture firms.
  • Mike Rovner
    Mike Rovner
    President and founder of Mike Rovner Construction Inc., which opened its doors in 1992. With more than 20 years in the construction industry, Rovner and his firm have distinguished themselves as a leading multifamily general contractor, with a client list that boasts many of the nation's largest developers and asset management firms. The firm specializes in renovation, having rehabbed about 700 units in 2013, with another 1,100 units set for this year.

Meet the Players

  • Nick Anderson
    Nick Anderson
    A senior development associate with Plymouth, Minn.-based Dominium, one of the nation's top multifamily renovators. The more than 40-year old firm rehabbed over 2,500 units in 2013, with another 1,200 units in the pipeline this year. Andersen is responsible for assisting with project development, acquisition, and financing, as well as overseeing a portion of Dominium's portfolio.
  • Joseph Batdorf
    Joseph Batdorf
    A co-founded J Turner Research, one of the nation's leading providers of market research specific to the multifamily industry, in 2003. He currently serves as the company's president. Prior to launching J Turner Research, Batdorf was founder and president of AmRent, where he pioneered innovations in the resident screening business, including sophisticated data gathering techniques and an automated system to instantly score a prospect. Batdorf currently serves on the National Multi Housing Council Advisory Committee.
  • Albert M. Berriz
    Albert M. Berriz
    A CEO and co-owner of McKinley, Inc., a $4.6 billion real estate enterprise supported by more than 1,600 full-time workers. The Ann Arbor, Mich.-based firm has a portfolio of more than 300 projects in 34 states, consisting of over 35,000 multifamily units and 21 million square feet of office and retail. A Top 50 management firm, McKinley is also an industry-leading rehabber, a mainstay on Multifamily Executive's Top Renovator rankings.
  • Ron Lloyd
    Ron Lloyd
    He founded Cleveland-based RDL Architects, Inc. in 1995 after a successful career managing the design studios of nationally recognized firms. The firm has since evolved into a multidisciplinary practice maintaining licensing nationally, and serving the commercial, residential, and senior living industries. Known for its clean, elegant designs, the firm has risen to become one of the nation's leading multifamily architecture firms.
  • Mike Rovner
    Mike Rovner
    President and founder of Mike Rovner Construction Inc., which opened its doors in 1992. With more than 20 years in the construction industry, Rovner and his firm have distinguished themselves as a leading multifamily general contractor, with a client list that boasts many of the nation's largest developers and asset management firms. The firm specializes in renovation, having rehabbed about 700 units in 2013, with another 1,100 units set for this year.
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