Despite the general optimism in the multifamily industry, rehab still isn't penciling out. Modest improvements in occupancies and rents aren’t enough to push the rehab gates back open again, as every panelist on a renovation panel at the MFE Conference in Las Vegas last week pointed out. More
To entice renters, the Memphis, Tenn.-based REIT isn’t offering a few dollars off the rent or throwing in a DVD player upon renewal; it’s offering an upgraded unit. More