We Have A Wi-Fi And Digital Infrastructure Problem: What Do We Do?
As an extension of smart amenities, a connectivity foundation streamlines the Wi-Fi experience for both owners and residents. Technology is getting increasingly sophisticated and it is more important than ever for operators to ensure community networks are operating optimally.
Modern Amenities: Five Ways Tech Redefines Multifamily Living
Younger generations, who are the primary drivers of the rental housing industry, now expect a living experience that delivers a new level of convenience and comfort. It may sound harsh, but renters may refuse to rent in a community that fails to adequately meet their tech preferences.
Mill Creek Announces Groundbreaking of Modera South Shore Marshfield
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera South Shore Marshfield, a garden-style community boasting a charming seaside-town locale.
Sila Capital Selects Buckingham Companies for Third-Party Management
Buckingham Companies, a fully integrated real estate investment firm, managing a portfolio of more than $4 billion in real estate for its own account and institutional partners, today announced its selection to manage two Sila Capital communities in suburban Indianapolis.
Aerwave Hires Multifamily Industry Veteran Ed Wolff
Aerwave, a managed WiFi platform for the multifamily industry, today announced it has hired Ed Wolff as its president and chief revenue officer. Along with the appointment of Wolff, Charles Walker will be promoted to chief operations officer and Daniel Jensen will transition to chief strategy officer.
Grace Hill Launches Holistic Multifamily ORM Solution
Grace Hill today announced the launch of an enhanced online reputation management solution designed to help multifamily communities streamline their online reputation and protect property brands. It also provides a consolidated view of overall performance and key metrics.
Industry Trends Report | Week of April 8
The top storylines in multifamily this week are irresistible amenities, improvements to drive NOI, avoiding rent concessions, tech and the human touch, collecting rent in today’s economy, pet data, the modern American Dream, maintenance appreciation and Chicago set to boost multifamily supply.
The Changing Economy and Its Impact on Rent Collection
To combat stagnant rent as well as supply issues, many operators implement traditional concessions, which can be short-sighted and more costly in the long-term. Concessions can ultimately be a slippery slope and detrimental to the bottom line and overall property performance.
For Many, The Modern American Dream Involves Renting
According to The New American Dream Report recently released by the property software management company Entrata, 41% of renters claim their American Dream has nothing to do with homeownership. In fact, 20% anticipate being lifelong renters, which represents a 33% increase from 2021.
Community Improvements That Drive NOI
Several owners and operators share their thoughts about the types of capital improvements likely to prove effective in the current market—and those less likely to work—as well as their optimal processes for determining which upgrades to move forward with.