Student housing thrives where scores of students need a place to crash while attending classes—live, in-person, on-campus classes. What should be a solid play for commercial real estate appears headed for hard times. Student housing as “the next falling domino” in the commercial real estate industry.
Why Experts Expect Challenges Pricing Student Housing
Unlike traditional apartments, student housing has a leasing schedule set by the academic calendar and is priced per bed, not per unit. These details will make pricing student housing assets more challenging through the economic dislocation caused by the coronavirus pandemic.
Industry Gives Sustainable Practices the Green Light
Whether it’s deploying technology to maximize energy efficiency, moving on from printed products and plastic pet waste bags, or strategically designing communities with sustainability and environmentally responsible practices, the industry is embracing the green movement on an unprecedented level.
Apartment Firms’ Reactivation Plans Begin to Take Shape
For many apartment owners, this means preparing to open their communities and regional and corporate offices in the days after shelter-in-place policies are lifted in their states—whether or not they are fully comfortable with the state’s policy.
How Covid-19 is Affecting Apartment Turns’ Timetable, Supply Inventories
The lines were blurring for some apartment communities when it came to defining “emergency” maintenance work orders based on Covid-19 safety protocols. But with more and more states relaxing some of their rules, apartment communities have expanded their own policies.
Vantage Takes Over Timberlawn Crescent Apartment Community
Vantage Management, announced it has taken over management responsibilities of Timberlawn Crescent apartment community in North Bethesda, Md. Timberlawn Crescent features both market rate and affordable housing homes among its 107 apartments and townhomes.
Tech Tools Could Spur Quick Economic Recovery For Multifamily
The social-distancing environment has hastened the already robust demand for digital solutions, particularly those that enable activity from beyond the leasing office. For prospects, that includes remote leasing, virtual tours, and other ways to view and connect with a property remotely.
Embrace the Chaos: Technology to Empower Virtual Tours
Social-distancing practices and stay-at-home orders initially brought in-person prospect tours to a screeching halt. But leasing associates are adopting technology faster than ever, and being as resourceful as ever, to ensure they are still giving prospective residents a top-notch tour experience.
Mixed-Income Communities Offer Solution During Economic Downturn
The combination of a global pandemic and the social justice reform movement happening in our country right now will only bring more attention to the affordable housing crisis. And it’s not just attention that we need to be prepared for. Demand for affordable housing has already increased.
Data Visualization as a Revenue Driver
Accurate property performance data is among the most sought-after commodities in the apartment industry. Few metrics drive solid decision-making than those pertaining to genuine activity at a rental community. The data becomes truly powerful when it can be visualized.