The Multifamily Journal

Hamilton Zanze (HZ) today announced that The Highlands apartments, a 448-unit Class B+ garden-style community in North Overland Park, Kan., has been contributed to the HZ Evergreen Fund, bringing the Fund’s total holdings to 10 properties.

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has appointed Jack Dellecker as managing director of development in Atlanta.

Multifamily's top storylines this week are RF Investment exits Ally Waste after successful growth, Quarterra and Mill Creek each break ground on new communities, resident happiness, effective use of resident surveys, maintenance staffing challenges, using AI for insight and cost control, renters are gaming the system and construction.

Previous generations took a renter-by-necessity approach to their apartments, and they served mainly as a stepping stone to buying a house. Today's renters are more likely to sidestep that path and opt for a lifestyle that relieves them of the burdens of homeownership.

Mill Creek Residential announced the start of preleasing at Modera Melrose, a mixed-use community in San Diego's North County. Modera Melrose, which features 323 homes and 2,100 square feet of retail space, is located eight miles east of Oceanside's vibrant downtown area and the city's premier beaches.

Mill Creek Residential announced it has broken ground on Modera City North, a contemporary community in the emerging Desert Ridge neighborhood of North Phoenix. The wrap-style community, which will feature 330 homes, will serve as a key component of the City North master plan.

Maintenance staffing remains the multifamily industry's most persistent hiring challenge, even as recruiting has improved for leasing and other onsite roles. Elevated apartment deliveries continue to increase demand for experienced technicians.

RF Investment Partners announced today the successful exit of Ally Waste Services. This exit marks the culmination of a transformational partnership that began in 2022 and reshaped Ally Waste from a small southwestern valet trash provider into a national managed waste platform.