The Multifamily Journal

Multifamily's top storylines this week are preleasing begins at Modera Chandler, NYC's emissions law clears first test, small owners unhappy with Mamdani's rental plan, women leading transformation, deal and financing strategies, discipline driving performance, question to ask before automation, maintenance and lease-up branding.

While many renters are still on the path to homeownership, the American dream is evolving and households are adapting their aspirations with today’s financial realities, according to survey findings from Entrata.

Multifamily housing communities are leaning into P3s to get deals done, in market-rate and affordable housing communities. Public-private partnerships, also known as P3s, are proving to be good vehicles for developing and building multifamily housing communities once the nuances are mastered.

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 Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County.

Since 2020, an explosion of proptech solutions has helped streamline leasing, automate routine tasks, and unlock data-driven decision-making. But that also has layered on dozens of systems, logins, and workflows—leaving site teams to navigate a more complex, tech-heavy role than ever before.

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of preleasing at Modera Chandler, a contemporary garden-style community in southeast Phoenix.

Multifamily's top storylines this week are Kairoi Residential is an NMHC top manager, single-family rent growth slides, local staffing shortages threaten development, resident voices the best renewal asset, the rising fraud threat, multifamily misconceptions, too much tech, monitoring insurance coverage and calibrating marketing.

Fraud remains prevalent in the multifamily industry and shows no signs of dissipating. Bad actors are constantly finding new ways to circumvent systems, particularly through the use of generative AI and other bleeding-edge technologies, aiming to remain one step ahead of the industry’s fraud prevention and cybersecurity initiatives.